Nairobi Police Fire Tear Gas as Traders Protest Tax Hike
Kenyan police dispersed traders in Nairobi with tear gas during a protest against higher taxes and a new customs valuation benchmark.
Economy
Warsh Signals Possible Rate Hikes as Inflation Concerns Persist
Fed Chair Kevin Warsh's Jackson Hole speech raised rate-hike expectations, with markets now pricing in a 46% chance of a move next month.
Karnataka to urge Centre for nationwide farm loan waiver amid drought
Karnataka will ask the Centre to waive farm loans nationally, citing drought in multiple states, while submitting a drought relief memorandum.
Colombia's Fiscal Deficit Worsens Sharply, Analysts Flag IMF Need
Colombia's new budget bill shows deficits far above forecasts, prompting analysts to expect IMF or multilateral support.
China tightens housing presale rules, links mortgages to completed projects
China's new rules link homebuyer mortgages to completed projects, aiming to phase out the presale model and restore confidence in the crisis-hit property sector.
Fed Chair Warsh Signals Possible Rate Hikes if Inflation Stays Stubborn
Fed Chair Kevin Warsh warns of further policy action if inflation does not convincingly move toward the 2% target, noting limited recent progress.
Trump Plans Executive Action Against Food Processing 'Monopoly'
Trump announces plans for a legal order to let farmers process their own food, challenging the dominance of major meatpacking companies.
Portugal completes all EU reforms, secures €16.3 billion in grants
Portugal has completed all 44 required reforms, unlocking the full €16.3 billion in EU grants from its post-pandemic recovery plan.
Iran calls new US sanctions 'crime against humanity', mediators push to reopen Hormuz
Iran condemns new US sanctions as unlawful, while mediators work to restore shipping through the Strait of Hormuz.
Warsh's Jackson Hole address set to test Fed's policy clarity
Fed Chair Kevin Warsh's Jackson Hole speech is under scrutiny as markets seek clarity on rate policy amid inflation and political pressure.
Defence export norms eased: unified OGEL, wider country coverage
India simplifies defence export SOP and OGEL framework, expanding country coverage and cutting procedural burdens for manufacturers.
Novorossiysk crude loadings set to halve as drone strikes hit exports
Russian crude exports from Novorossiysk are expected to drop below 350,000 bpd in August, down from 800,000 bpd in July, after Ukrainian drone strikes disrupted loadings.
France announces emergency aid package for farmers hit by historic drought
France will pay hundreds of millions of euros in compensation to farmers after a historic summer drought caused widespread crop losses and pasture damage.
Canada's economy rebounds in Q2 as exports and domestic spending pick up
Canada's GDP grew at an annualized 3.3% in Q2, driven by a surge in exports and stronger household and business spending.
Trump Moves to Let Farmers and Ranchers Process Their Own Food
Trump says he is authorizing legal documents to let farmers and ranchers process their own food, promising quick action.
Russia's Domestic Grain Prices Plunge 36% as Black Sea Exports Stall
Russian domestic grain prices have dropped 36% since June due to halted Black Sea exports, creating oversupply and squeezing farmers.
South Africa Raises Sugar Import Price Floor to Shield Local Mills
South Africa's trade regulator raises the sugar import reference price to $785 per tonne, offering greater tariff protection to local producers facing a surge in cheaper imports.
Midterm battle lines drawn: Democrats push economy, Republicans warn of socialism
Democrats focus on kitchen-table costs while Republicans hammer the left's influence, setting up a split-screen campaign for control of Congress.
Six Months Into Hormuz Blockade, Markets Show Surprising Resilience
Six months after the Strait of Hormuz was effectively closed, oil markets have held up better than feared, though refined product prices remain elevated.
Japan Spends Record $96.5 Billion in Month-Long Yen Rescue
Japan spent a record 15.4 trillion yen ($96.5 billion) in August to support the yen, including rare joint action with the US and South Korea.