France's Fifth Heatwave Hits Nuclear Output, Power Prices Jump
A fifth European heatwave is forcing France to curb nuclear generation, spiking day-ahead power prices as cooling demand rises.
Economy
Russia's August Wheat Exports Set for Eight-Year Low
Russian wheat exports in August may hit their lowest since 2016/17, pressured by harvest delays, weak prices, and Black Sea security risks.
Iran to restore 95 mcm/day gas output by September end
Iran will restore 95 mcm/day of gas production by end-September after repairing war-damaged processing plants, the oil ministry said.
Rhine at Record Low: Key Stretch Effectively Closed to Cargo
Record-low Rhine water levels at Kaub have halted most commercial shipping, threatening supply chains and German economic recovery.
Iran to restore 95 mcm/d gas output by September end
Iran plans to bring 95 million cubic metres of gas per day back online by end of September, says oil minister.
Global food system better prepared for 'super' El Nino, but risks remain
Near-record grain stocks, improved technology, and new exporters like Brazil and Russia are helping the world withstand a 'super' El Nino, though war-related disruptions remain a risk.
RBA Holds Rates at 4.35%, Warns Further Hike 'Quite Possible'
Australia's central bank held rates at 4.35% but warned a hike is 'quite possible' as it battles persistent inflation.
Eurozone Bond Yields Climb as Oil Rally Deepens on Hormuz Stalemate
Eurozone bond yields rose as oil prices climbed on doubts over a swift reopening of the Strait of Hormuz, with markets eyeing US inflation data.
Trump's Fed Pressure Intensifies as Bond Markets Watch Inflation Risks
White House pressure on Fed Governor Lisa Cook raises stakes for central bank independence as markets weigh inflation risks.
Marcos seeks $118 billion budget for 2027 amid slowdown and scandal
Philippine President Marcos proposes a 7.2 trillion-peso ($118 billion) 2027 budget, up 6%, with education, healthcare, and agriculture cuts, while infrastructure and defence rise.
Bank of Korea Signals Further Rate Hikes as Inflation Pressures Persist
South Korea's central bank is likely to raise interest rates again, citing persistent demand-driven inflation and a strong economic recovery.
Australia, Vietnam Pledge Stronger Defense and Economic Cooperation
Australian PM Albanese and Vietnamese President Lam agree to deepen defense, economic, and supply chain cooperation in Canberra.
RBA Holds Rates at 4.35%, Warns Further Hikes Possible
Australia's central bank held its cash rate at 4.35% on Tuesday, warning it may hike again if inflation risks materialize.
Oil prices steady after 5% jump; Asian shares mixed
Oil prices stabilize after Monday's surge, while Asian stocks show mixed results amid ongoing Strait of Hormuz concerns.
Franciacorta's Earliest Harvest on Record as Heat Reshapes Winemaking
Scorching temperatures have pushed Franciacorta's grape harvest to its earliest start ever, forcing winemakers to adopt nighttime picking to preserve quality.
Zambia heads to polls in pivotal eighth general election
Zambia holds its eighth multiparty election, with economic concerns and youth turnout likely to decide the outcome.
Oil climbs as US-Iran talks stall, Asian markets await inflation cues
Oil prices extended gains as US-Iran negotiations hit an impasse, while Asian shares drifted ahead of key US inflation data.
Singapore lifts 2026 growth forecast as AI boom offsets Middle East risks
Singapore raises 2026 GDP forecast to 4.5-5.5% on AI investment boom and less severe Middle East fallout after Q2 growth beat estimates.
Chicago grain futures edge up as Ukraine export outlook darkens
Chicago wheat, corn and soybeans rose after Ukraine cut its grain export forecast, citing Russian attacks on the Odesa port hub.
Yen Holds Ground as Intervention Boost Fades; RBA Decision in Focus
The yen steadies after intervention gains fade, with traders eyeing possible BOJ action. The Aussie holds near highs ahead of RBA decision.