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On 3 December 2025 the European Commission formally tabled legislation to collateralise a €140 billion zero-interest loan to Kyiv by confiscating all €210 billion of frozen Russian sovereign assets, immediately drawing veto threats from Belgium and a legal rebuff from the European Central Bank.
On 2 Dec 2025, President Trump said his shortlist for Jerome Powell’s successor is now “down to one” and that he will announce the nominee in early 2026, conspicuously singling out economic adviser Kevin Hassett during a televised Cabinet meeting.
On 28–29 Nov 2025 the European Union Aviation Safety Agency ordered operators to patch or replace flight-control computers before carrying passengers, temporarily grounding thousands of Airbus A320-series aircraft worldwide.
Before dawn on 29 Nov 2025, a naval drone blew out Single-Point Mooring 2 at the Caspian Pipeline Consortium’s Black Sea terminal, halting crude loadings that normally carry about 1 % of global oil supply.
On 30 Nov 2025, the eight-nation OPEC+ steering group formally locked production at December-2025 levels for Jan–Mar 2026 and commissioned DeGolyer & MacNaughton to verify each member’s maximum sustainable capacity for 2027 quota setting.
New SIPRI data show 2024 revenues for the world’s 100 largest defense firms rose 5.9 % year-on-year to an unprecedented $679 billion, with European suppliers driving most of the gain while Chinese companies registered a rare decline.
A Ukrainian naval drone disabled Single-Point Mooring 2 at the CPC Black Sea terminal on 29 Nov 2025, pausing exports and prompting Kazakhstan to issue a rare formal protest and begin rerouting its oil.
On 26 Nov 2025 Venezuela’s civil aviation agency revoked the licenses of six foreign carriers days after they halted flights in response to a U.S. FAA security alert, severing most of the country’s remaining long-haul links.
Detection of African swine fever in two wild boar outside Barcelona on 28 Nov 2025 ended Spain’s 31-year disease-free status, immediately blocking roughly one-third of its 400 export certificates and sparking import bans from major buyers.
On 28 Nov 2025 a cooling-system breakdown at CyrusOne’s Chicago data centre forced CME Group to halt its Globex platform for roughly 11 hours, resuming trade at 13:35 GMT.
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