Goolsbee warns against Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee pushed back on suggestions the Fed should cut rates to help the US government manage its debt and deficits.
Economy
EU Fiscal Watchdog Warns Repeated Exceptions Weaken New Budget Rules
The European Fiscal Board warns that repeated exceptions to the EU's new fiscal rules risk undermining their credibility, as government debt rises to 82% of GDP.
Germany to Approve Fuel Tax Cut as Cabinet Meets Monday
Germany's cabinet is set to approve a fuel tax cut on Monday, with the €0.17-per-litre relief taking effect October 1 at a cost of about €2.5 billion.
US to Shut Down All Iranian Airlines via Secondary Sanctions, Bessent Says
US Treasury Secretary Scott Bessent said all Iranian airlines will be shut down on September 23 through the threat of secondary sanctions on air services providers.
Amnesty Accuses M23 of War Crimes at Eastern Congo Mines
Amnesty International says M23 rebels in eastern Congo committed abuses against miners that may amount to war crimes, and trafficked gold into Rwanda.
PIB Fact Check Debunks Fake Free Laptop Scheme and Bank Merger Gazette
PIB Fact Check has dismissed as fake a viral message about a National Student Laptop Scheme 2026 and a forged gazette notification on public sector bank amalgamation.
Germany Opens Tenders to Bolster Gas Supply for Early 2027
Germany's gas market operator has launched tenders to secure supply for January-March 2027, with storage levels at a seasonal record low.
Agriculture Ministry Suspends Marketing Officer Over Bribery Complaint in Sehore
Union Agriculture Minister Shivraj Singh Chouhan ordered the immediate suspension of Marketing Officer Anurag following a bribery complaint from two warehouses in Madhya Pradesh's Sehore district.
Houthis Push for Yemen Highlands as Trump Halts Airstrikes
Houthi forces advance on strategic Yemeni highlands while a report says Trump called off US strikes at the last minute.
Swiss business groups lobby lawmakers to soften UBS capital rules
Swiss business groups urge lawmakers to back a softer capital compromise for UBS, warning excessive rules would hurt SMEs and the financial centre.
Cuba Eases Into Free-Market Reforms as Cash Shortages Grip the Island
Cuba has rolled out new high-denomination bills and its first private exchange house as cash shortages and inflation batter households.
Tanker Hit by Projectile in Strait of Hormuz; Israel on Alert for Yom Kippur
A tanker was struck by an unknown projectile entering the Strait of Hormuz, injuring two crew, as Israel marked Yom Kippur under heightened military alert and France condemned Iran's closure of a French language centre.
MeitY Secretary Urges Microsoft to Site Data Centres Near Power Sources
MeitY Secretary S Krishnan has asked Microsoft to place future data centre capacity nearer power generation centres to reduce electricity transmission costs.
India's chip market seen tripling to USD 200 billion by 2035
India's semiconductor market is projected to expand from about USD 64 billion in 2026 to USD 200 billion by 2035, an EY-IESA report released at SEMICON India 2026 says.
Government Seeks Public-Private Push for Data Centre Growth, Says Jitin Prasada
Jitin Prasada calls for joint government and private sector efforts to attract data centre investment, create jobs and keep citizens' data secure in India.
Railway UPI payments above Rs 2,000 to attract flat Rs 5 MDR from October 15
Railway ticket payments above Rs 2,000 via UPI will attract a flat Rs 5 merchant discount rate from October 15, not the 0.4 per cent levied on regular merchants.
South Korean Lawmaker Seeks Parliamentary Review of US Investment Package
South Korean opposition lawmaker Kim Sung-won calls for parliamentary approval of the US investment package, citing risks in energy projects.
Rhine Water Levels Drop Again, Pushing Up German Freight Costs
Falling Rhine water levels after a dry week are forcing part-loaded sailings and raising freight costs in Germany, with no major relief forecast.
US diesel price hits record nominal high as global distillate supply stays tight
US retail diesel averaged a record nominal USD 6.29 per gallon last week, with global distillate output set to stay below year-ago levels, the EIA said.
German Bund Yields Slip as Oil Retreats; Merz Faces Coalition Test After Regional Vote
German Bund yields fell 5 bps to 3.48% as oil prices dropped and markets shrugged off far-right and far-left gains in regional elections.