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New findings from Global Financial Integrity reveal that illicit financial flows driven by trade misinvoicing across Developing Asia, Africa, and the Middle East and North Africa have climbed to unprecedented levels, posing a serious threat to economic stability and domestic resource generation. These flows—funds that are illegally earned, transferred, or used across borders—continue to expose weaknesses in regulatory systems and customs enforcement, which are increasingly un

The euro area recorded a trade deficit of €1.9 billion in January 2026, according to data from Eurostat, while Cyprus posted a notably improved trade balance over the same period. The deficit for the euro area widened from €1.40 billion in January 2025, reflecting shifts in trade dynamics across key sectors. Exports fell to €215.30 billion in January 2026, down 7.6 percent from €232.90 billion a year earlier, while imports also declined to €217.20 billion, a drop of 7.3 perce

French naval forces have detained an Indian ship’s captain following the interception of an oil tanker suspected of operating within the covert maritime network that sustains Russian energy exports. The vessel, the Grinch, was stopped on the high seas and escorted under military supervision to the Gulf of Fos-sur-Mer, where it arrived on January 25, 2026. The ship’s captain, a 58-year-old Indian national, was taken into custody as part of a criminal investigation led by prose

The European Parliament is preparing to suspend the ratification of the US trade deal agreed in July, according to sources close to its committee on international trade. The announcement is expected to be made on Wednesday in Strasbourg, France, marking a significant escalation in tensions between the US and Europe. The move comes as Donald Trump intensifies his efforts to acquire Greenland, prompting threats of new US tariffs over the issue during the weekend. The standoff h