While global trade grew on average roughly twice as fast as global output prior to the financial crisis, the ratio of imports to world GDP has largely stagnated over the last five years and will probably remain at current levels, the ECB wrote in an economic bulletin. Source: Bloomberg
A number of migrants from Asia and Africa have taken advantage of the World Cup in Russia to try and reach the EU. Several have made it across to Finland, according to a German media report. Source: Deutsche Welle
Bulgaria will propose the immediate closure of the European Union’s external borders to migrants and the setting up of centers for war refugees outside its territory at the EU’s weekend mini-summit on migration. Source: Reuters
Turkey said on Thursday that it would be accepting applications for the construction and operation of a 1,200-MW offshore wind farm—the world’s biggest—by October 23. Source: Oil Price
