Argentina Braces for First Poverty Rise Under Milei as Election Looms
Argentina's poverty rate is expected to rise for the first time under President Javier Milei, with private estimates pointing to 35% by year-end.
Economy
Thailand Targets $80 Billion Semiconductor Investment by 2050
Thailand unveils a national semiconductor strategy targeting $80 billion in investment and 230,000 jobs by 2050, with $150 billion in annual revenue.
Andhra Pradesh locks in 6.5 GW data centre capacity, projects entering execution phase
Andhra Pradesh has completed agreements for its 6.5 GW data centre capacity target, with projects moving to execution, minister Nara Lokesh said.
Serbia's NIS Seeks Fresh US Waiver as Sanctions Deadline Nears
NIS, which runs Serbia's only oil refinery, has applied for a new US sanctions waiver to keep operating after its current one expires on September 30.
German business morale rises more than expected in September, Ifo finds
German business morale improved more than expected in September, with the Ifo index rising to 89.9 from 88.8 in August, signalling a recovery in Europe's largest economy.
BoE's Lombardelli Signals Possible Rate Hike if Energy Prices Stay High
Bank of England Deputy Governor Clare Lombardelli said rates may need to rise if high energy prices persist, unless there is clear evidence of disinflation or weaker activity.
Swiss National Bank Signals Readiness to Intervene in Forex Markets
Swiss National Bank Chairman Martin Schlegel said the central bank will intervene in currency markets as needed and adjust policy to ensure appropriate monetary conditions.
Norway's central bank lifts policy rate to 4.50%, signals more may follow
Norway's central bank raised its policy rate by 25 basis points to 4.50% and said it may hike again to bring inflation back to its 2% target.
Niger Raises Madaouela Uranium Stake to 40%, Settling Dispute With Atomic Eagle
Niger has lifted its stake in the Madaouela uranium project to 40% from 20%, resolving its dispute with Australian explorer Atomic Eagle.
Bathla Group Halts All Construction as Short-Term Lender Funding Runs Out
Australian developer Bathla Group has ceased all construction operations after short-term lender funding ran out, its administrators said.
Gates: Next 12-18 Months of AI Choices Will Decide Who Benefits
Bill Gates says AI decisions over the next 12-18 months will shape who gains from the technology, urging India to build AI on local languages, Indian data and homegrown talent.
Euro zone bond yields hold near multi-year highs as selloff slows
Euro zone bond yields stayed close to multi-year highs as strong activity data and elevated oil prices bolstered the case for further ECB tightening.
Sweden's Riksbank holds key rate at 1.75%, signals hike before year end
Sweden's central bank left its policy rate unchanged at 1.75% but said it expects to begin raising rates this year.
India must cut oil and gas reliance, Power Secretary says, flags grid flexibility
Power Secretary Pankaj Agarwal says India must reduce oil and gas dependence and treat renewables as central to energy security, while building grid flexibility.
China Caps Fuel Price Increase for Fifth Time Since Iran War Began
China will raise retail gasoline and diesel prices from September 25 while capping the increase to soften the impact on the domestic market, the NDRC said.
Turkey's Simsek to Chair Talks on $18 Billion Fund Liquidation
Turkish Finance Minister Mehmet Simsek will hold meetings Thursday and Friday on liquidating 131 investment funds worth about $18 billion.
US Rare Earths Reliance on China to Loom Over Trump-Xi Talks
Trump meets Xi with rare earths high on the agenda, as US production grows but dependence on Chinese supply persists into the 2030s.
China Unlikely to Place New Boeing Orders at Trump-Xi Summit
Beijing is unlikely to commit to fresh Boeing orders during the Trump-Xi trade talks, with the US planemaker sidelined since 2017.
Africa's Cement Construction Surge Signals Major Shift in Global Energy Demand
Africa dominates the global cement construction pipeline with a 42% share, signaling an impending surge in industrial energy demand as the continent urbanizes.
TNRDC scraps tender for Chennai Peripheral Ring Road's Section V
Tamil Nadu Road Development Company has annulled the tender for the 27-km Singaperumal Koil–Poonjeri section of the Chennai Peripheral Ring Road, citing administrative reasons.