Trump Meets Crypto Leaders, Treasury Moves to Calm Bond Market
President Trump hosted crypto and finance leaders at the White House, while the Treasury announced a larger bond buyback to ease market pressure.
Economy
US national debt tops $40 trillion for first time
US public debt has crossed $40 trillion, doubling in under a decade amid pandemic spending, tax cuts, and rising interest costs.
US-Canada Trade Truce: 50% Tariffs Paused, But Deal Details Remain Hazy
Trump pauses 50% tariffs on Canadian imports for three days, claiming a fair deal, but key terms and details remain unclear.
Peru Labor Regulator Investigates Fatal Accident at MMG's Las Bambas Copper Mine
Peru's labor watchdog is investigating a fatal accident at MMG's Las Bambas copper mine that killed two workers and injured three others.
UAE-Iran Trade Suspension to Deepen Hardship for Iranians, Analyst Warns
An Emirati analyst says the UAE's suspension of trade with Iran will be 'very painful' for ordinary Iranians, though it will barely dent the UAE's overall economy.
South Korea's first Arctic container voyage tests Russia-linked route
South Korea's first commercial Arctic voyage to Europe departs this week, testing a faster route that requires Russian permits and has drawn Western concern.
Canada, US Resume Trade Talks as Tariff Deadline Looms
Canadian and US negotiators met Wednesday to finalize a trade deal before Saturday's tariff deadline, with auto tariff levels remaining a key sticking point.
US Treasury Doubles Long-Bond Buybacks to Calm Surging Yields
The US Treasury will double buyback sizes for long-dated debt to support liquidity after yields spiked to multi-year highs.
Black Sea grain exports grind to halt as attacks shut ports
Attacks on shipping have halted over 97% of Russia and Ukraine's Black Sea grain exports, driving global wheat prices up.
US Bond Yields Slide as Treasury Doubles Buyback Support
US 10-year and 30-year yields fell after the Treasury doubled buyback support for long-dated bonds, easing borrowing costs.
US Treasury to Expand Buybacks of Longer-Dated Bonds Amid Market Stress
US Treasury doubles buyback sizes for longer-dated bonds to at least $4 billion per operation, effective September 9.
Yangtze River Delta posts record foreign trade in first seven months
The Yangtze River Delta's foreign trade hit a record 11.41 trillion yuan in Jan-July, up 18.9% year-on-year.
Ukraine's Food Exports Plunge as Black Sea Ports Remain Blocked
Ukraine's agri-food exports dropped to 794,000 tons in Aug 1-15, down from 3.67 million tons in all of July, as Odesa ports stay shut.
Russian Western Port Oil Shipments Slip 15% Below August Target
Russian oil exports from western ports fell 15% below plan in early August, hit by disruptions at Novorossiysk and Black Sea risks.
Germany's 15-Year High Borrowing Costs Tied to Security Spending Push
Germany's borrowing costs hit a 15-year high, driven by increased defence and infrastructure spending following Russia's invasion of Ukraine.
Eurozone bond selloff deepens as yields hit multi-year highs
Eurozone government bond yields rose to multi-year highs for a second day, driven by inflation fears, rising oil prices, and debt sustainability concerns.
Egypt Broadens Cash Subsidy to Cover More Essential Foods
Egypt will expand its cash subsidy program to include more food items, giving households greater choice and purchasing power.
UAE Halts All Trade With Iran After Fresh Missile Fire
The UAE has suspended all trade and financial transactions with Iran following renewed missile fire, deepening Tehran's isolation amid US sanctions and blockade.
UAE Halts Financial Ties With Iran Over Missile Incident
The UAE has suspended all financial and economic ties with Iran, citing a missile threat, as regional tensions escalate.
Poland Eases Middle-Class Income Tax, Raises Levy on Big Firms
Poland raises income tax threshold and introduces new rate to aid the middle class, offset by a higher corporate tax for large firms.