Bolsonaro camp drafts debt-linked spending rule to replace Brazil fiscal framework
Bolsonaro's campaign is drafting a debt-linked fiscal rule that could freeze real federal spending growth, replacing Lula's current framework.
Economy
IMF and Guinea Reach Staff-Level Deal on $439 Million Credit Facility
The IMF has reached a staff-level agreement with Guinea on a $439 million Extended Credit Facility, pending board approval in September.
Nigeria approves deep-water oil framework to attract $50 billion
Nigeria's president approved a new deep-water oil and gas investment framework, potentially unlocking $50 billion in projects.
Canada, US officials race to finalise trade proposal for Trump
Canadian and US officials are working on a trade deal proposal to present to President Trump next week, according to CBC News.
Chicago Fed chief says inflation, not jobs, is economy's biggest problem
Chicago Fed President Goolsbee says inflation is the biggest problem facing the economy, while describing the labor market as stable but not strong.
US Home Sales Slip Again as Prices Stay High; Small Business Mood Brightens
US existing home sales fell 1.7% in July amid high rates and prices. Small business sentiment rose to an 11-month high on improved hiring plans.
US government challenges court order for blanket tariff refunds
US government appeals a trade court order requiring tariff refunds to all importers, citing Supreme Court limits on universal injunctions.
Spain to greenlight Chinese car plant near naval base despite espionage fears
Spain's Defence Ministry will approve SAIC's Galicia car plant, brushing aside espionage worries over its proximity to a naval base.
Trump: Iran options are economic collapse or 'hit them really, really hard'
Trump outlines two Iran strategies: let the economy fail or launch a major strike, while calling Tehran 'devious negotiators.'
Pakistan, Qatar Signal Progress in US-Iran Talks Despite Fresh Shipping Attacks
Pakistan and Qatar indicate US-Iran deal progress on Strait of Hormuz, while fresh attacks on shipping vessels raise tensions.
Four sailors killed in Red Sea attack, missile strike reported off Pakistan
Four crew killed in Bab el-Mandeb attack; container ship hit by missile off Pakistan in suspected U.S. action.
US Existing Home Sales Dip Again in July as Prices Hit Record High
US existing home sales fell 1.7% in July to a 4.06 million annual pace, as record prices and higher mortgage rates deterred buyers.
Russia's Budget Deficit Grows to 2.8% of GDP in First Seven Months
Russia's budget deficit widened to 2.8% of GDP in Jan-Jul 2026, up from 2.5% a month earlier, as spending rose faster than revenue.
Brazil's July Inflation Slows, Re-enters Central Bank Target Band
Brazil's annual inflation eased to 4.44% in July, re-entering the central bank's target range as rate hikes take effect.
Austrian Farms Reel as Heatwave Shrivels Crops and Forces Early Cattle Culling
Austria's agriculture is buckling under Europe's extreme summer heat, with a forecast 19% drop in grain harvest and farmers resorting to early cattle slaughter.
Ukraine Intensifies Drone Strikes on Russian Energy Infrastructure
Ukraine has escalated drone attacks on Russian oil refineries and energy sites, aiming to deplete resources for Moscow's war effort.
Ukraine Grain Exports Plunge to 6% of Last Year's August Pace
Ukraine's wheat and barley exports in early August fell to just 6% of last year's total, as Russian strikes shut Black Sea ports.
Sri Lanka Central Bank Signals Rate Pause as Inflation Seen Peaking
Sri Lanka's central bank sees no further rate hikes this year, expecting inflation to peak near current levels before easing to its 5% target in the first half of 2027.
Zuckerberg Warns US AI Lead at Risk Without Faster Infrastructure
Meta CEO Mark Zuckerberg warns US AI leadership is at risk, urging faster infrastructure buildout to counter China's rapid progress.
Brazil's Central Bank Sees Cooling Economy but Keeps Rates Restrictive
Brazil's central bank minutes show inflation remains demand-driven, but rate hikes are cooling activity, warranting a restrictive stance.