Brazil's Pix mulls global links as US tariffs loom
Brazil's central bank is exploring international connections for Pix, its dominant instant payment system, as the platform faces US trade scrutiny and new tariffs.
Economy
OPEC Output Rises Again in July as Gulf Producers Restore War-Shut Supplies
OPEC's July output rose 1.17 million bpd to 19.85 million, led by Iraq and Kuwait, as Gulf producers restored supplies disrupted by the Iran war.
FCC emerges as unlikely spearhead of Trump's China policy
The FCC, under Brendan Carr, has become the Trump administration's most aggressive tool against Chinese technology, prompting Beijing's retaliation.
Puerto Rico's Non-Storm Power Outages Rose 19% in 2025, EIA Data Shows
Puerto Rico's average non-storm power outage duration rose 19% in 2025 to 36 hours, per EIA data.
US jobless rate at 4.1% keeps pressure on Fed to hold rates high
US unemployment fell to 4.1% in July, below the Fed's long-run estimate, suggesting the labor market remains tight and supporting the case for keeping interest rates elevated.
Libya's central bank chief steps down in surprise resignation
Libya's Central Bank Governor Naji Issa has resigned, citing sensitive reasons, in letters sent to the country's rival legislative chambers.
PBoC's five-year plan prioritises yuan internationalisation and financial stability
China's central bank has pledged to maintain yuan stability and boost its international use in trade and investment under its new five-year plan.
UAE Cyber Security Council Blocks Attacks on Energy, Aviation, and Education
The UAE's Cyber Security Council has foiled cyber attacks aimed at the country's aviation, energy, and education sectors, according to state media.
Ex-Raiffeisen CEO Vincenz Appeals Fraud Conviction in Zurich Court
Former Raiffeisen CEO Pierin Vincenz is appealing his 2022 fraud conviction in a Zurich high court, with proceedings scheduled through late August.
Destry Damayanti Named Sole Pick for Indonesia Central Bank Chief
Indonesia's president nominates Destry Damayanti as the sole candidate for central bank governor, a move that strengthened the rupiah.
Nigeria's cost-of-living crisis tests Tinubu ahead of elections
Nigerians face soaring prices and shrinking purchasing power as President Tinubu's reforms draw investor praise but fuel public discontent ahead of elections.
Euro zone investor morale turns positive for first time since February
Euro zone investor morale turned positive in August, rising for a fourth month as current conditions improved and the Iran war shock partially faded.
BOJ's rate path collides with Takaichi's bond market worries
Political pressure over bond yields is complicating the BOJ's rate-hike and tapering plans, as fiscal concerns keep JGB yields elevated.
East Germany's Economic Woes Fuel Far-Right Surge Ahead of State Votes
The far-right AfD is surging in eastern German states, fueled by economic frustration and demographic decline, despite experts warning its policies could worsen the region's problems.
German trade deficit with China widens as exports slide
German exports to China fell 12% in H1 2026, widening the trade deficit to €55 billion as China focuses on domestic value chains.
Ukraine's Book Industry Counts the Cost as War Grinds On
Russian strikes have destroyed over 10 million books in Ukraine, deepening economic woes and underscoring the war's toll on non-defense sectors.
Europe's Summer Heatwave Could Cost EU €180 Billion in Lost Growth
Triodos estimates Europe's extreme heat and drought could shave 1% off EU GDP, costing €180 billion, with France hit hardest.
Italy's Grape Harvest Under Threat as Heatwave and Drought Worsen
Italy's fourth heatwave and severe drought are damaging vineyards, with growers warning of a poor harvest and a lack of water for irrigation.
Europe's Summer of Heat Wrecks Havoc on Economy, Costs Set to Rise
Europe's record summer heat has caused hundreds of billions in economic damage, disrupting shipping, power, and agriculture, with costs set to rise.
US Senate Passes Stopgap Bill; Canada Offers Trade Package to Avert Tariffs
Senate averts shutdown; Canada proposes trade deal to avoid US tariffs; Taylor Farms recalls jalapeño products; Trump names new counsel.