Lagarde Pushes Back on Market Rate-Hike Bets as Energy Costs Surge
ECB President Christine Lagarde has pushed back on market bets for aggressive rate hikes, saying rates do not move in lockstep with energy prices.
Economy
Nigeria: 37 Detainees Found Dead After Raids; Protesters Shot At In Minna
At least 37 detainees died in NSCDC custody after raids on suspected illegal gold mines in Niger State; protests in Minna met with live fire.
Uganda to Cut 2027/28 Spending by 6.2% as It Scales Back Borrowing
Uganda plans to spend 79.2 trillion shillings in 2027/28, down 6.2%, as it reduces reliance on borrowing and external financing.
Euro zone ministers flag concern over rising bond yields, rule out fragmentation
Euro zone finance ministers say they are concerned but not anxious about rising bond yields, with no fragmentation seen in the currency bloc.
Sinograin Resumes Large Soybean Auctions Ahead of Trump-Xi Summit
Sinograin has resumed large-scale auctions of imported soybeans, offering 543,000 tonnes, ahead of an expected Trump-Xi summit in Washington.
Eurogroup Head Urges Euro Zone to Hold Fiscal Line as Borrowing Costs Rise
Eurogroup head Kyriakos Pierrakakis says euro zone economies must stick to agreed fiscal paths as rising sovereign bond yields pressure national budgets.
Malaysia Moves to Secure Fuel Supplies Through December Amid Middle East Turmoil
Malaysia will diversify fuel imports, optimise domestic production and strengthen long-term supply agreements to secure energy supplies through December amid Middle East conflict.
Creative Economy a New Growth Frontier, Says Minister Murugan at Jindal Conclave
Dr. L. Murugan addressed the Jindal Policy Conclave, highlighting the creative economy's growth and the AVGC sector's projected demand for skilled professionals by 2030.
Lagarde Leaves Door Open on Early ECB Exit as Succession Talk Builds
ECB President Christine Lagarde declined to confirm she will serve until October 2027, saying 'we'll see' when asked about an early exit.
Turkey Says $18.3 Billion Fund Liquidation Poses No Systemic Risk to Borsa Istanbul
Turkey's finance minister says the liquidation of $18.3 billion in investment funds will not pressure Borsa Istanbul, citing regulatory safeguards.
Bank of England holds rate at 3.75% as energy shock lifts inflation
The Bank of England kept its benchmark rate at 3.75%, with three members favouring a rise, as energy costs drive inflation higher.
Nigeria: Tear Gas Fired at Protest Over 37 Miners' Custody Deaths
Police in Nigeria's Niger State fired tear gas at protesters demanding answers over the deaths of 37 miners held in custody.
EU Floats 'Associate Membership' for Canada, but the Category Doesn't Exist Yet
EU Commission President Ursula von der Leyen proposed Canada as the first 'associate member' of the bloc, a status that does not yet exist and would need all 27 member states' approval.
EU Finance Ministers Split Over Windfall Tax on Energy Profits
EU finance ministers met in Dublin to discuss a windfall tax on energy companies as oil prices climb, but the Commission has no plans for an EU-wide proposal.
Five EU Nations Push for Smaller 2028-2034 Budget as Spain Offers Debt Relief Plan
Five net contributor countries demand cuts to the EU's €2 trillion budget proposal for 2028-2034, while Spain suggests re-profiling recovery fund repayments to free up nearly €70 billion.
China Accuses Philippine Vessel of Ramming Coast Guard Ship Near Sabina Shoal
China says a Philippine government vessel deliberately rammed a China Coast Guard ship near Sabina Shoal, as Beijing's foreign ministry addressed EU trade demands and Japan's military posture.
Yen Falls to Two-Week Low as BOJ Rate Hike Fails to Convince Traders
The yen slid to a two-week low after the Bank of Japan raised rates to 1.25% but offered little hawkish guidance, with two policymakers dissenting.
Turkey Jails Four Fund Executives in Market Manipulation Probe
Turkish authorities jailed four fund executives pending trial and restricted 51 others in a market manipulation investigation following recent market volatility.
Germany to deepen global partnerships regardless of Trump, says Klingbeil
German Finance Minister Lars Klingbeil said many countries want closer ties with Germany and Berlin should pursue those openings without being swayed by Donald Trump.
Railways Clears ₹497 Crore Doubling of Chouk-Karjat Section in Maharashtra
Indian Railways has approved doubling of the 10.86 km Chouk-Karjat section on Central Railway at a cost of ₹497 crore to boost passenger and freight capacity.