The U.S. Supreme Court ruled that children born on U.S. soil to parents who are in the United States illegally or on a temporary basis are U.S. citizens from the moment of birth. The decision effectively blocks President Donald Trump’s attempt to restrict the automatic granting of citizenship by birthright.
The case was heard in connection with Executive Order 14160, “Protecting the Meaning and Value of American Citizenship,” which Trump signed on January 20, 2025. The order proposed that children born in the U.S. to parents without permanent immigration status should not automatically be considered U.S. citizens.
The court concluded that such children are protected under the Fourteenth Amendment to the U.S. Constitution, which states that all persons born or naturalized in the United States and subject to its jurisdiction are citizens of the United States and of the state in which they reside.
The ruling is significant not only for immigration policy but also for the market for services related to childbirth in the United States. In practice, it means that U.S. passports obtained by virtue of birth on U.S. soil remain valid, and the right to citizenship by birth itself cannot be revoked by presidential decree.
However, the debate surrounding so-called “birth tourism” is not over. Following the court’s decision, the Trump administration may tighten controls over visa applications, travel by pregnant women, and cases of potential fraud upon entry into the United States. But this is a different legal matter: combating visa violations is not the same as revoking the citizenship of a child born on U.S. soil.
For foreigners who view the U.S. as a destination for childbirth, the main takeaway is this: the fundamental constitutional principle has been upheld, but immigration and visa risks may increase. U.S. authorities may scrutinize the purpose of travel, financial documents, medical plans, and any potential concealment of true intentions more closely when issuing visas or at the border.
For the international market for immigration and medical services, the Supreme Court’s decision means the preservation of one of the most well-known mechanisms of jus soli—citizenship by place of birth. The United States remains one of the key countries where the mere fact of being born on U.S. soil grants a child citizenship, regardless of the parents’ citizenship, with the exception of a few specific cases.
Thus, Trump’s executive order has not altered the fundamental principle of U.S. citizenship. Children born in the United States are still entitled to U.S. citizenship, but there will likely be more scrutiny, legal disputes, and political pressure surrounding travel for the purpose of giving birth.
According to Serbian Economist, the silver stickleback—Lagocephalus sceleratus, a poisonous fish that is gradually spreading throughout the Adriatic Sea—is being recorded with increasing frequency in Montenegrin waters.
This species entered the Mediterranean Sea via the Suez Canal and has been moving westward in recent years. Previously, the main populations were more commonly found off the coasts of Greece, Turkey, and Cyprus, but now the fish is regularly spotted in the Adriatic as well, including along the coast of Montenegro.
For the region, this is not only an environmental problem but also an economic one. The silver pufferfish is dangerous to fishermen: its powerful teeth can easily damage fishing lines, tackle, and nets. In addition, the fish can deliver a painful bite, so experts recommend not handling it with bare hands or attempting to gut it yourself.
The main danger is not related to the bite, but to consuming the fish. The tissues and internal organs of the silver pufferfish contain tetrodotoxin—a potent toxin that is not destroyed by conventional heat treatment. Therefore, this fish must not be eaten, sold, or used in cooking.
The spread of the pufferfish illustrates how the Adriatic’s marine ecosystem is changing. Warming waters, changes in the migration routes of marine species, and the connection between the Mediterranean Sea and the Red Sea via the Suez Canal are contributing to the arrival of species new to the region.
For Montenegro, where the coastline is vital for fishing, tourism, and the restaurant industry, this is becoming a new risk factor. Fishermen will have to account for damage to their gear and a possible decline in catches, while tourist areas will need to inform visitors that they should not touch unfamiliar fish, let alone eat them.
https://t.me/relocationrs/3144
Global personal wealth grew by 10.8% in dollar terms in 2025, marking the fastest growth rate in recent years, according to the new Global Wealth Report 2026 by Swiss bank UBS.
This growth was significantly higher than in previous years: global personal wealth increased by 4.6% in 2024 and by 4.2% in 2023. UBS attributes this acceleration to growth in financial markets, an increase in the value of non-financial assets, and currency factors—the weakening of the U.S. dollar boosted the dollar-denominated value of assets outside the United States.
Wealth grew most strongly in the Europe, Middle East, and Africa (EMEA) region in 2025, rising by 17.5%. In North and South America, growth stood at 8.5%, and in the Asia-Pacific region, it was 5.9%.
Switzerland leads in average wealth per adult at $910,382. It is followed by the United States at $696,277, Luxembourg at $654,732, Hong Kong at $648,267, and Australia at $616,306. However, this indicator is heavily influenced by the concentration of large fortunes and therefore does not always reflect the standard of living of the “average” household.
Median wealth is a more indicative measure for assessing the well-being of the middle class. According to this metric, Luxembourg ranks first at $394,005 per adult. It is followed by Belgium at $277,166, Australia at $210,783, New Zealand at $206,617, and Denmark at $203,771. Meanwhile, the United States, which ranks second in terms of average wealth, is only in 28th place in terms of median wealth—$68,998.
UBS’s main conclusion is that the world has become wealthier, but growth has been unevenly distributed. The report states that average wealth has increased significantly, while median wealth has declined in many countries. This indicates that a significant portion of new assets is concentrated among wealthier segments of the population.
The number of dollar millionaires in 2025 grew by 1.5%, or nearly 1 million people. This means that, on average, more than 2,680 new millionaires appeared worldwide each day. In total, UBS estimates the number of dollar millionaires at approximately 57.5 million people. More than 40% of them live in the U.S.—over 23.6 million people. China has more than 5.3 million dollar millionaires, and Japan has about 3 million.
UBS highlights the role of real estate separately. For many households, residential real estate remains the primary asset. This helps protect capital from inflation, but at the same time limits families’ participation in the growth of stock markets and other liquid investment instruments. Therefore, according to UBS’s assessment, the distribution of new wealth gains will increasingly depend on access to investment assets and the ability to diversify capital.
UBS’s methodology takes into account not only financial assets but also real assets, primarily housing, net of debt. Private pension assets are included in the calculations, while unfunded government pension liabilities are not. The report covers 56 key markets, which, according to UBS estimates, account for more than 92% of global personal wealth.
This report is important for the real estate and international investment markets for two reasons. First, it shows that real estate remains the primary asset for a significant portion of private capital. Second, it confirms that wealth growth increasingly depends not only on home ownership but also on access to global financial markets, currency diversification, and investment instruments.
On Friday, July 3, most of the western and northern regions, as well as Vinnytsia Oblast, and during the day the central regions, Odesa Oblast, and Mykolaiv Oblast, will see moderate, and in some places heavy, rain, thunderstorms, and in isolated areas hail and squalls of 15–20 m/s; the rest of the country will remain dry, according to the Ukrainian Hydrometeorological Center.
Winds will be from the northwest, and from the east in the eastern part of the country, at 5–10 m/s. Nighttime temperatures will range from 18–23°, daytime temperatures from 29–34°, and in the Kyiv region from 25–30°; in the western regions, as well as in the Zhytomyr and Vinnytsia regions, nighttime temperatures will range from 14–19°, and daytime temperatures from 22–27°.
In Kyiv on July 3, no precipitation is expected at night, while the day will bring heavy rain, thunderstorms, hail, and squalls of 15–20 m/s. The wind will be from the northwest at 5–10 m/s. Nighttime temperatures will range from 21–23°, and daytime temperatures from 25–27°.
According to data from the Boris Sreznevsky Central Geophysical Observatory in Kyiv, the highest daytime temperature on July 3 was 33.9 in 1885, and the lowest nighttime temperature was 9.0 in 1892.
On Saturday, July 4, moderate rain is expected, with heavy rain in some areas of the east and southeast during the day, along with thunderstorms; in some regions, hail and squalls of 15–20 m/s are possible; in the western and northern regions, no precipitation is expected during the day.
Winds will be predominantly northwesterly, 7–12 m/s, with gusts of 15–20 m/s in some parts of the western regions during the day. Temperatures will drop: 14–19° at night (11–16° in the west), 20–25° during the day; in the south and east of the country, 18–23° at night, 27–32° during the day.
In Kyiv on July 4, rain at night, no precipitation during the day. Wind: northwest, 7–12 m/s. Temperature drop: 17–19° at night, 22–24° during the day.
KYIV, RAIN, Thunderstorm, Ukrainian Hydrometeorological Center, WEATHER
Swedish retailer H&M Hennes & Mauritz AB maintained its operating profit in the second quarter of fiscal year 2026 at nearly the same level as last year, despite a decline in sales in Swedish kronor, an improvement in gross margin, and a reduction in inventory.
According to the company’s report, H&M’s net sales for March–May totaled SEK54.828 billion, compared to SEK56.714 billion for the same period last year. In local currencies, sales were nearly at last year’s level, while in Swedish kronor, the figure was negatively impacted by the krona’s appreciation.
Gross profit in the second quarter was SEK31.045 billion, compared to SEK31.425 billion a year earlier, and the gross margin rose to 56.6% from 55.4%. The company attributed the margin improvement primarily to efforts to improve supply chain efficiency.
Operating profit, excluding one-time expenses, rose by 11% to SEK6.592 billion, and the corresponding operating margin increased to 12% from 10.4%. At the same time, operating profit including expenses amounted to SEK5.913 billion compared to SEK5.914 billion a year earlier, with an operating margin of 10.8% compared to 10.4%.
One-time restructuring costs for the quarter totaled SEK679 million and were related to organizational changes in the company’s sales markets and central commercial structures.
H&M’s net profit in the second quarter was SEK3.963 billion, compared to SEK3.962 billion a year earlier, with earnings per share of SEK2.49, compared to SEK2.48.
For the first half of fiscal year 2026, the group’s net sales declined to SEK104.435 billion from SEK112.047 billion; in local currencies, the decline was 1%. Operating profit for the first half of the year rose to SEK7.425 billion from SEK7.117 billion, while the operating margin increased to 7.1% from 6.4%. Net profit rose to SEK4.667 billion from SEK4.541 billion.
Cash flow from operating activities rose 24% in the second quarter to SEK10.591 billion and 15% for the first half of the year to SEK14.616 billion.
Inventory as of the end of May decreased by 10% to SEK34.942 billion from SEK38.817 billion a year earlier. In currency-adjusted terms, inventory decreased by 2%. The inventory-to-sales ratio for the past 12 months fell to 15.8% from 16.6%.
“Our long-term efforts have strengthened profitability and give us good opportunities to create even more value for our customers,” said H&M CEO Daniel Erver.
According to him, sales for the quarter were slightly below target, but profitability and the inventory situation developed positively. The company continues to streamline its organization, bring decision-making closer to the customer, and will begin upgrading its digital infrastructure in the second half of the year.
As of May 31, 2026, the H&M Group had 4,038 stores, compared to 4,166 a year earlier. In the first half of the year, the company opened 41 stores and closed 104. Online sales account for more than 30%.
In 2026, H&M plans to open about 90 new stores and close about 170. The company continues its expansion in Latin America: its first store in Rio de Janeiro opened in April; in the second half of 2026, H&M plans to enter the Paraguayan market, and in 2027, the Argentine market through a franchise.
H&M Group’s sales in local currencies in June 2026 are expected to be on par with the same month last year.
H&M Group is one of the world’s largest fashion retailers. The group includes the brands H&M, COS, Weekday, & Other Stories, ARKET, H&M HOME, and Sellpy.
The full version of the report is available at this link.
The Antimonopoly Committee of Ukraine (AMCU) may grant permission on Thursday to the Saudi company FAS Energy to acquire four solar power plants from the Ukrainian group of companies SPP Development Ukraine.
According to the committee’s materials, four applications from the commercial company “FAS Energy” regarding the acquisition of more than 50% of the shares in Borodianka Solar Power Plant LLC, “Myhalivska Solar Power Plant,” “Solar Power Plant No. 8,” and “Solar Power Plant No. 11,” which are owned by the Ukrainian group of companies SPP Development Ukraine.
“On granting permission to the commercial company ‘FAS Energy’ to acquire control over Borodianka Solar Power Plant LLC through the direct purchase of shares in the authorized capital, which ensures a majority of more than 50% of the votes in the company’s highest governing body,” – reads one of the four AMCU issues regarding FAS Energy brought up for consideration at Thursday’s meeting.
SPP Development Ukraine is a Ukrainian group of companies specializing in renewable energy and energy infrastructure. The company integrates services in development, engineering, construction, project management (EPC), and operations and maintenance (O&M).
The ultimate beneficial owners (founders) of SPP Development Ukraine LLC are Ukrainian entrepreneurs Roman and Nadiya Petruchenko.
AMCU, FAS Energy, RENEWABLE ENERGY, SOLAR POWER PLANTS', SPP Development Ukraine
