The first Bridge Awards ceremony in Moscow honored outstanding foreigners for their contributions to Russia's economy and culture. Winners included a Japanese dancer, an American UFC fighter, and a US journalist, with Steven Seagal presenting an award and commenting on US values.
Vietnamese trawlers are reportedly entering Malaysian waters at night to fish illegally, raising concerns about Malaysia's ability to govern its seas and threatening its blue economy initiatives. Local fishermen and the Malaysian Maritime Enforcement Agency highlight the issue, which impacts marine resources and local communities.
A new study using Bank of England data indicates Brexit has cost the UK economy 6% in lost growth over a decade. The impact stems from post-referendum uncertainty and rising trade barriers with the EU.
Le Premier ministre cubain, Manuel Marrero Cruz, a présenté jeudi 18 juin un programme de 176 réformes économiques visant à introduire des éléments de l'économie de marché, face à une profonde crise. Ces mesures, les plus profondes depuis 1959, touchent l'entreprise privée, l'investissement étranger, les impôts et le marché des changes, dans un contexte de pression américaine accrue.
Cuba has introduced 176 free-market reforms to combat a severe economic crisis, exacerbated by a US oil blockade. The measures, endorsed by the communist party, aim to reduce the state's economic role and attract investment across various sectors.
EU leaders met for a two-day summit focusing on Ukraine support, the EU's next long-term budget, and global economic challenges. Ukrainian President Zelenskyy urged fast-track EU membership. Bulgaria threatened to veto sanctions on Russia over Lukoil. Leaders expressed skepticism about immediate peace talks with Russia.
South Korea's annual minimum wage debate is a ritual, but the economy has changed. Labor seeks a 16.3% hike, while employers want industry-specific rates due to vast differences in value-added per worker. This fuels inequality and job losses.
Donald Trump claimed "OIL IS FLOWING," "STOCK MARKETS ARE ROARING," and "PRICES ARE DROPPING" on Truth Social. While the Dow Jones hit a record high, other indices slipped. Petrol prices are down from May highs but still above pre-war levels. Job growth is not at record levels, and layoffs are increasing.
Cuban President Miguel Díaz-Canel acknowledged the need for "urgent changes" to address a severe economic crisis, admitting that internal issues like "slowness, bureaucracy" contribute significantly, not just the US blockade. He cited China and Vietnam as potential models for reform.
A study reveals the top 10% of global consumers inflict up to $5.7tn in annual environmental damage, exceeding the economies of all but the US and China. This damage stems from high consumption of red meat, flights, and energy, with biodiversity loss and climate change as major impacts.
Cuban President Miguel Díaz-Canel has called for "urgent and necessary changes" to overhaul the country's communist economic model, citing a severe crisis exacerbated by a US oil blockade and internal issues like bureaucracy. He pointed to China and Vietnam as potential models for economic opening.
A report by EY-Parthenon and CREDAI suggests Generative AI (GenAI) could boost India's real estate economy by $14-17 billion in seven years, enhancing efficiency, increasing sales velocity by 30-50%, and reducing project costs.
A Memorandum of Understanding signed by US President Trump and Iranian President Pezeshkian ends the US-Iran War. Fighting has stopped, and shipping will resume at Iranian ports and through the Strait of Hormuz, driven by the need to restore oil flow and boost the US economy.
Despite President Trump's anti-climate policies, US development agencies like MCC, DFC, and EXIM Bank continue to fund climate-friendly projects globally, highlighting embedded climate action in economic activity.
Indonesian assets have seen a sharp sell-off, with social media users creating a 'Sell Indonesia' narrative. Some users accuse Singapore of benefiting from this negative sentiment, leading to a counter-hashtag #SellSingapore.
Donald Trump signed an "Islamabad MOU" at the Palace of Versailles with French President Emmanuel Macron. Pakistani PM Shehbaz Sharif announced the deal, which includes Iran reopening the Strait of Hormuz and the US lifting its naval blockade. Analysts suggest the US made greater concessions due to its desire to end the war.
The Bank of England kept interest rates at 3.75% due to the economic impact of the Iran conflict, balancing potential inflation from oil supply disruptions with stronger-than-expected wage growth.
While the US stock market has doubled since 2020, many American families face economic hardship. Rising costs for cooling homes, credit card debt, and utility bills strain household budgets, contrasting with the perceived success of the wealthy.
Bulgarian Prime Minister Rumen Radev stated that Bulgaria will not permit sanctions against Russia that would harm its economy. He also expressed skepticism about the effectiveness of EU sanctions and opposed measures targeting Patriarch Kirill.
A new NPR/PBS News/Marist poll reveals President Trump's approval ratings have hit record lows, particularly concerning his economic policies. Only a third of Americans approve of his handling of the economy, with significant disapproval even among Republicans. High gas prices and inflation are major concerns impacting household budgets and vacation plans.
Klarna's shift from full-time customer service to AI chatbots and gig workers illustrates AI's transformation of work. Experts predict AI will fragment jobs, leading to more precarious gig work, impacting white-collar professions and rolling back worker protections.
Hong Kong has climbed to second place in the global competitiveness ranking, its highest position in seven years, trailing only Singapore. The report by the IMD highlights sustained performance across government efficiency, infrastructure, economic performance, and business efficiency, reinforcing Asia's dominance at the top.
The green economy has reached a record $10 trillion market value, with significant revenue growth from climate solutions last year. Companies in this sector are outperforming the stock market, demonstrating resilience and a shift in energy transition drivers towards security and economic factors. Investors are advised to review their exposure.
Fundação Rede Amazônica e Bioeconomy Amazon Summit (BAS) discutem parceria para sediar edição de 2027 do evento em Manaus. O encontro visa fortalecer a bioeconomia e a sustentabilidade na Amazônia, com foco em inovação e negócios sustentáveis.
