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.
Economy
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.
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.
JGB yields climb as oil prices stoke inflation, BOJ hike bets firm
Japanese government bond yields rose Monday on oil-driven inflation worries, with two-year yields at their highest since 1995. BOJ September hike bets strengthened.
A single surviving hive gives Gaza beekeeper a path to rebuild
After losing nearly all her hives in the Gaza war, beekeeper Niveen al-Ashkar rebuilds her business from a single surviving colony, amid an industry pushed to the brink.
BOJ July Minutes Reveal Growing Push for Faster Rate Hikes
BOJ July meeting summary shows growing support for faster rate hikes, boosting expectations of a September increase.
Wheat climbs on Black Sea supply fears and softer dollar
Chicago wheat futures rose on Monday, supported by a soft dollar and concerns over Black Sea grain exports after attacks on infrastructure.
Treasury Wine Estates takes $394 million hit to reset US operations
Treasury Wine Estates announces a major US restructuring, taking a significant charge while reporting earnings above guidance.
Dollar Holds Near Two-Month Low as Markets Await US Inflation Data
The dollar hovers near a two-month low as investors await US inflation data for clues on the Fed's rate path.
Rupee, bonds eye oil prices and inflation data this week
Oil prices and July inflation data from India and the US will guide rupee and bond moves this week.
Japan's Current Account Slips to Deficit in June on Dividend Outflows
Japan's current account swung to a deficit in June, its first in 17 months, as dividend payouts to foreign investors surged and oil import costs rose.
Australian shares slip as Westpac drags banks, miners rally
Australian shares fell on Monday, led by a sharp drop in Westpac, as investors awaited the RBA's policy decision. Mining and gold stocks rose.
China's Crude Imports Drop as Asia Bears Brunt of Middle East Supply Disruption
China's crude imports fell sharply in June-July, absorbing most of Asia's supply losses from the Middle East conflict.
Japan Inc. Urges Calmer Currency Markets as Weak Yen Strains Economy
Japanese business leaders call for currency stability as a weak yen boosts exporters but drives up import costs and economic uncertainty.
Australia tightens divestment rules for Northern Minerals investors
Australia has amended divestment orders for two Northern Minerals shareholders, requiring prior notification of any share sale to the Treasurer.