Oil prices rose on Thursday amid expectations of a US-Russia summit on Ukraine. Brent futures rose to $65.87, and WTI to $62.85.
Russia seeks to discuss the reduction of NATO troop presence in Europe at the Alaska summit. Polish Prime Minister Donald Tusk stated that Russia wants to include this topic in negotiations regarding the future of the war in Ukraine.
The Italian government expects Russia's position on Alaska to be determined during negotiations between Donald Trump and Vladimir Putin. Prime Minister Meloni thanked Trump for his efforts and Zelenskyy for seeking a diplomatic solution.
US President Donald Trump stated that he would not be able to convince Putin not to shell civilians during their meeting in Alaska. He hopes to end the war and warned of serious consequences for Russia.
Perplexity AI, an AI platform, offered 29 billion euros for Google Chrome browser. This happened amid an antitrust case in the US that could force Google to sell Chrome.
The Office of the President of France confirmed the start of an online summit between US President Donald Trump, Ukrainian President Volodymyr Zelenskyy, and European leaders. Zelenskyy and Merz have already held a joint press conference, and Macron also participated in the meeting.
The US is installing tracking devices on high-tech Nvidia and AMD chips to prevent their illegal diversion to China. The Chinese leadership is urging domestic companies to avoid using American AI chips.
European leaders aim to prepare Trump for a meeting with Putin, fearing a "dirty deal" on Ukraine. They will hold a virtual summit to set boundaries and discuss security guarantees for Ukraine.
OPEC raised its forecast for global oil demand in 2026 by 100,000 barrels per day, to 1. 38 million barrels per day. At the same time, the forecast for supply growth from non-OPEC+ countries decreased, especially due to the expected reduction in US shale oil production.
Gold prices are moderately rising after a fall, as investors await US inflation data. The spot price of gold rose by 0.1% to $3348.41 per ounce.
Billionaire Elon Musk said his startup xAI would sue Apple. He accuses the iPhone maker of violating antitrust laws in managing App Store ratings.
Over 100 deaths and 24 thousand cases of dengue fever have been recorded in Bangladesh. Doctors warn of a possible worsening of the situation in August, calling for urgent measures.
Adidas released footwear that copies traditional sandals of Mexico's indigenous peoples without attribution. Mexican authorities demand compensation from Adidas for borrowing the style of local communities.
Nepal is waiving climbing permit fees for 97 peaks in the northwestern Himalayas for two years. This decision aims to attract tourists to lesser-known mountains and stimulate the development of poor border regions.
A 5. 65 magnitude earthquake occurred off the coast of Oaxaca, Mexico. Its epicenter was at a depth of 10 km.
EU High Representative Kaja Kallas is convening a meeting of EU member states' foreign ministers on August 11. The position on ending the Russian-Ukrainian war and the situation in the Gaza Strip will be discussed.
The wildfire on the outskirts of Athens has been localized, but evacuation continues due to expected strong winds. One person has died as a result of the fires, and homes and land have been destroyed.
Canada is lowering the price cap on Russian oil to $47. 60 per barrel. This decision increases economic pressure on Russia due to the war in Ukraine.
Russian aircraft manufacturers produced only one commercial aircraft out of 15 planned due to sanctions and high interest rates. This is part of a broader slowdown in industrial production in Russia.
In a conversation with Putin, Xi Jinping supported the efforts of the US and Russia to promote a political settlement of the crisis in Ukraine. Beijing insists on peace talks and a diplomatic resolution of the conflict.
US gold futures hit a record high, exceeding $3534. 10, due to the imposition of tariffs on bullion imports. This caused a widening spread between futures and spot prices.
US President Donald Trump has launched an economic attack on buyers of Russian oil by imposing 25% tariffs on goods from India. This could destabilize global markets and create political risks for Trump himself.
A state-owned explosives manufacturer in Russia acquired Siemens equipment through an intermediary that procures technology from Chinese wholesalers. This allowed for the expansion of production despite Western sanctions.
US President Donald Trump signed an executive order allowing cryptocurrencies and other alternative assets to be included in 401(k) pension plans. This move aims to increase returns for retirees, despite potential risks.
The leaders of Armenia and Azerbaijan will sign a peace agreement in Washington on August 8. The agreement will grant the US exclusive rights to develop a strategic transit corridor through the South Caucasus.
In July 2025, China increased crude oil imports by 11. 5% to 47.2 million tons. The growth is due to high activity of state-owned oil refineries.
In the tourist city of Xiatata in Xinjiang, a cable on a suspension bridge broke, killing five people and injuring 24. The authorities closed the area and launched an investigation into the incident, which occurred on August 6 at 6:18 PM local time.
Negotiations between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy have concluded.
OpenAI is soon to release GPT-5, the next version of its AI model. Early testers note its capabilities but consider the leap from GPT-4 less significant than from GPT-3 to GPT-4.
Gold prices slightly decreased due to the strengthening dollar and investors' expectations of Trump's decisions regarding appointments to the Fed. Spot gold fell by 0.2%, futures by 0.1%.
