News about World markets
Trump signed a preliminary framework agreement to restore the prewar status quo between Iran and the United States, taking the first step toward ending the war he had started with Israel on February 28.
The stadiums for the 2026 FIFA World Cup in the U.S., Canada, and Mexico are turning food into a spectacle in its own right—and one of the most expensive parts of attending a match. The cost of a basic snack at the stadiums ranges from $9 to over $34 for a meal with a beer, and individual items can cost as much as $8 for a bottle of water and $18–19 for a beer.
European Union member states were unable to reach an agreement on whether to extend additional protection for innovative medicines for one year. The proposal, intended to support biotechnology investments in Europe, divided health ministers.
Bulgaria will not support certain provisions of the European Union’s upcoming 21st package of sanctions against Russia if they are merely symbolic and have no real economic impact. This was stated by Bulgarian Foreign Minister Velislava Petrova-Chamova.
The Egyptian pound has become the world’s best-performing currency following a sharp drop in oil prices resulting from the U.S.-Iran agreement to reopen the Strait of Hormuz — a move that is expected to restore supplies and ease inflation fears, according to Bloomberg.
Rising costs, regulatory pressure from the EU, and a decline in exports are calling into question the sustainability of the business models of Shein, Temu, and AliExpress.
On June 16, the Moldovan International Stock Exchange (MISX, BIMx) submitted documents to the National Commission for Financial Markets (CNPF) to obtain a market operator license.
European Union countries have increased gas reserves in their underground storage facilities (UGS) to an average of 45.03% in preparation for the coming winter. However, despite the gas injection season, their fill levels turned out to be significantly lower than the figures for the past five years, according to data from Gas Infrastructure Europe (GIE).
The dollar edged lower on Wednesday ahead of the first Federal Reserve meeting under Kevin Warsh’s leadership. Optimism over a temporary peace agreement between the U.S. and Iran is supporting risk appetite and reducing demand for the safe-haven currency.
The UK economy has lost between 2% and 6% due to Brexit, compared to a hypothetical scenario in which the UK had remained in the EU.
On Tuesday, June 16, U.S. President Donald Trump denied claims that the United States plans to invest in Iran or provide the Islamic Republic with money in exchange for a nuclear deal.
The Uzbek authorities plan to implement 120 projects in the production of critical minerals and rare earth metals, totaling $4.2 billion, by the end of this decade.
Shipping traffic in the Strait of Hormuz will not resume in the coming weeks, despite preliminary agreements between the U.S. and Iran on a peace deal.
Today, the overwhelming majority of Members of the European Parliament voted in favor of eliminating tariffs on industrial goods, seafood, and agricultural products from the United States. The proposal must now be approved by the Council of the European Union.
Netflix shares fell following reports that the company had lost the battle to acquire Roku—one of the largest streaming platforms. Fox Corporation emerged as the buyer, having reached an agreement to acquire Roku for $22 billion.
Swiss watchmaker Rolex has raised prices on its gold models once again, marking the second price increase since the start of the year. According to industry analysts and dealers, the price of the brand’s gold watches in key markets, including the U.S., the U.K., and Hong Kong, has risen by an average of 5%.
The sale of De Beers, Anglo American’s legendary diamond division, could be finalized in the coming weeks. This was announced by the company’s CEO, Al Cook, who noted that the process of finding a buyer has reached its most advanced stage in the past two years.
The American corporation Nvidia has officially announced a large-scale issuance of investment-grade corporate bonds totaling $25 billion. This marks the tech giant’s first foray into the debt market since June 2021.
The British company Rolls-Royce SMR has been selected as the preferred supplier for a project to build three small modular reactors (SMRs) in Sweden. The project could be one of the biggest steps toward reviving the country’s nuclear energy sector in recent decades.
The United Kingdom has expanded sanctions against the Russian financial sector, adding the subsidiary banks of Russia’s largest digital companies—WB Bank and Yandex Bank—to the blacklist.
