News about World markets
American cosmetics concern Estée Lauder is expanding its personnel optimization program: the company plans to cut about 3 thousand additional jobs. Together with the previously announced layoffs, the total number of reductions will reach approximately 10 thousand employees.
Turkey will play a key role in gas supplies to Central and Eastern Europe and the Balkans this summer, strengthening its position as a regional logistics center. The country is increasingly importing gas and LNG amid ambitions to become a gas hub. And it seems to be succeeding against the backdrop of anti-Russian sanctions and the energy crisis.
The United States Department of Justice has launched an investigation into suspicious bets on oil futures ahead of news of a war with Iran. Traders made such transactions totaling $2.6 billion amid a periodic spike in trading activity in the oil market shortly before important announcements about the situation around Iran.
In recent years, Moldova’s energy sector has undergone several stress tests, which revealed several significant vulnerabilities. Logos Press spoke to Energy Minister Dorin Junghietu about the actions being taken to improve the country’s energy security.
A court in Moscow has sentenced in absentia Ukrainian businessman Yevhen Chernyak, founder of the Global Spirits alcohol holding company (brands Khortytsya, Morosha, Pervak), to 14 years in prison in a terrorism financing case.
Azerbaijan has expressed interest in using Moldovan advanced technologies and know-how in viticulture and winemaking, Deputy Agriculture Minister Ilhama Gadimova said.
Exports of jet fuel suffered the most, falling by 95% against February’s figure. At the same time, diesel shipments fell by “only” 55% thanks to support from Saudi Arabia’s Red Sea refineries. These refineries are more optimized for diesel production than jet fuel.
The first cherries have appeared in Romanian retailers. The price per kilogram is 80-100 RON/kg.
Several major cryptocurrencies have significantly outperformed bitcoin and Ethereum in terms of growth.
German Chancellor Friedrich Merz has warned that the country is going through the biggest change in decades. He made the statement at a business forum in Düsseldorf against the backdrop of the economic downturn, the energy crisis and growing global instability.
The IMF urged members of the euro bloc to make sure that measures taken against the backdrop of the war in Iran to subsidize the population would not do “more harm than good.”
By the end of the day on May 6, the dollar exchange rate fell to the lowest level since the beginning of the war in the Middle East. The reason was the appearance of information that Washington and Tehran came close to signing a peace agreement.
The head coach of Portuguese “Benfica” Jose Mourinho agrees to lead the leet of Real Madrid. However, to do this, the “Royal Club” must fulfill 10 conditions of the Portuguese, who in the soccer world has been nicknamed “The Special One”.
At the end of April – beginning of May on the Moldovan grain market wheat became slightly cheaper, sunflower – sharply increased in price.
Danish jewelry brand Pandora reported first quarter results that exceeded analysts’ expectations despite weakening demand in its key market, North America.
Ukraine is preparing for a new stage of increasing natural gas imports from Poland. A corresponding joint project has already been agreed upon by regulators of both countries.
The growing number of bets against Nike stock is increasing pressure on the company’s management and personally on CEO Elliott Hill, who is struggling to stabilize the sports giant’s business 18 months after taking office.
In Moldova, the situation with meat is not as bad as it seems. It turns out that our country is on the 81st line of the global ranking (covering 101 countries of the world with a representative sample) of beef prices. The indicator of our country is $8.79/kg (loin or equivalent back of thigh, market prices). The line above was Peru ($9.01/kg), below – Kazakhstan ($8.70/kg). Thus, strangely enough, Moldova fell into the group of countries with the most democratic price for this product.
The Belarusian Foreign Ministry protested to Armenia after the statements of Parliament Speaker Alen Simonyan, who accused Russia of attempting to change the power in Armenia and said that the country “will not be governed like Belarus”.
The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect tomorrow, May 7.
