Iran's rial hits record low as US prepares fresh sanctions
Iran's rial fell to a record 2.02 million per dollar as Washington readies new sanctions, deepening economic strain from months of conflict.
Economy
Macron hosts Saudi crown prince for talks on Hormuz alternatives
French President Macron welcomed Saudi Crown Prince Mohammed bin Salman to the Elysee Palace for talks on alternative trade routes after Hormuz closure.
US Weighs 7.5% Tariff on Chinese Goods Ahead of Xi-Trump Summit
The US is reportedly set to impose a 7.5% tariff on Chinese goods over overcapacity concerns, ahead of a planned Xi-Trump summit.
LatAm markets mixed as US-Iran tensions, Mexico data and Brazil poll take focus
LatAm stocks gain, currencies mixed as investors weigh US-Iran sanctions, Mexico Q2 growth and inflation, and a tight Brazil runoff poll.
Iran's Escalation Playbook: Strait, Gulf States, and Cyber Fronts
Iran could escalate the Gulf crisis by tightening its chokehold on oil routes, striking Gulf infrastructure, or launching cyberattacks on the West.
Brazil's central bank weighs new safeguards as household debt climbs
Brazil's central bank chief says it is studying macroprudential measures to address rising household debt and delinquency rates.
Saudi shipping firm Bahri confirms Red Sea attack on vessel Amzan
Saudi Arabia's Bahri has confirmed that its vessel Amzan was attacked in the Red Sea, according to a company statement.
Houthis Claim Missile Strike on Saudi Oil Tanker in Red Sea
Houthi rebels claim a ballistic missile struck a Saudi oil tanker off Yanbu, causing a deck fire but no casualties.
Houthis Claim Attack on Tanker Off Saudi Port of Yanbu
Houthis say they attacked a ship off Yanbu, Saudi Arabia. UKMTO reported a tanker hit by a projectile; crew safe.
US set to unveil sweeping Iran sanctions, warns trading partners
The US is set to announce expanded secondary sanctions on Iran's trading partners, threatening to cut them off from the dollar-based financial system.
Mexico's Q2 GDP Growth Hits Fastest Pace Since 2022
Mexico's Q2 GDP grew 1.4% quarter-on-quarter, the fastest since 2022, as inflation accelerated to 3.26%, fueling rate-hike speculation.
US trade chief blames Canada as tariff dispute escalates
US Trade Representative Jamieson Greer blamed Canada for the collapse of trade talks, calling the tariffs' impact minimal.
US Reopens Border to Mexican Cattle, But Economists See No Quick Fix for Beef Prices
The US reopens an Arizona border crossing to Mexican cattle, but economists doubt it will quickly lower record-high beef prices.
Treasury chief's market moves raise credibility questions
Scott Bessent's Treasury tenure faces credibility tests as market interventions and rising yields challenge his stated goals.
Putin, Jaishankar Hold Kremlin Talks as India-Russia Trade Rebounds
Putin and Jaishankar met in Moscow, highlighting growing trade, fertilizer supplies, and upcoming SCO and BRICS summits.
US leaders, businesses hit out at tariffs as Canada suspends trade talks
US political and business leaders criticise Trump's tariffs on Canada after Ottawa halts trade talks and plans retaliation.
Ghana's GoldBod Buyers Face Payment Delays as Funding Model Shifts
Ghana's GoldBod licensed buyers face payment delays of up to three weeks after central bank funding ended, disrupting artisanal gold purchases.
UK Household Energy Debt Reaches £6 Billion, Industry Warns
British households owe £6 billion in unpaid energy debt, adding 3% to typical bills, with figures expected to worsen.
China Opens Applications for $119 Billion Infrastructure Fund, But Impact May Be Delayed
China has begun accepting applications for its 800 billion yuan policy financing tool, but analysts warn the rollout lag may limit its impact on 2026 growth.
Euro zone bond yields ease on oil dip, stay near multi-year highs
Euro zone bond yields slipped as oil prices fell, but remain near multi-year highs ahead of expected U.S. sanctions on Iran.