15:33

RUSSIA TRADE

Trade with 'friendly countries' now exceeds 80% of Russia's total trade volume

Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China, India, Central Asia, Africa, and the Middle East. The share of these countries in Russia's foreign trade has increased from 46% to 82%.

15:30

Retailer Shein fined

Shein fined €40M in France for deceptive pricing

Fast fashion retailer Shein has been fined €40 million ($47.17 million) by France’s antitrust watchdog for allegedly having misleading discounts and unclear environmental claims, despite the company’s claim that the issues were fixed a year ago.

11:30

Italy work visas

Italy to expand legal migration, granting 500,000 work visas to non-EU workers

Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways

11:00

Oil prices

Oil prices drop as Israel-Iran ceasefire eases tensions ahead of OPEC+ meeting

Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire between Israel and Iran holds.

15:56

AIIB & Arab Fund

AIIB and the Arab Fund announced strategic partnership

The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding (MoU) to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.

13:30

Economy

Tesla new car registrations fall sharply in Sweden and Denmark in June

Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.

11:55

U.S. Africa deals

Record-breaking U.S.-Africa Business Summit yields $2.5 billion in deals

More than $2.5 billion in new deals and commitments between the United States and African partners were announced at the 17th summit, underscoring the U.S. commitment to prioritizing trade over aid by engaging Africans as equal partners in investment-driven growth, the State Department announced.

21:00

Gold

Gold rebounds from one-month low as dollar weakens and trade optimism rises

Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.

20:00

Over tourism

Cannes to limit cruise ship tourism amid growing over tourism concerns

The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.

11:15

Economy

US tariff cuts for UK auto and aerospace sectors come into effect

Starting today, British car and aerospace manufacturers will benefit from significant tariff reductions when exporting to the United States, thanks to the implementation of a landmark UK-US trade agreement. This move is expected to safeguard thousands of jobs in the United Kingdom.

09:58

Oil falls

Oil falls on prospect of more OPEC+ supply, easing risks in Mideast

Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.

07:30

UK

UK in talks with Lotus after factory closure fears

Business Secretary Jonathan Reynolds will hold talks with Lotus after the carmaker moved to ease concerns over the future of its UK factory.

11:30

Economy

Nike to cut China production for U.S. market to ease tariff impact

Nike is stepping back from China-based production for its U.S. market to dodge tariff-related costs, aiming to shift its sourcing strategy by 2026.

07:30

Business news

JP Morgan warns of possible U.S. recession in late 2025

The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.

08:00

Australia NATO

Australia stands firm on defence budget amid Trump pressure

Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.

16:47

Economy

China National Offshore Oil Corporation signs exploration contract with Kazakhstan

Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.