Warsh faces market scrutiny in Jackson Hole speech
New Fed chair Kevin Warsh's sparse communication style has unsettled markets; all eyes on his Jackson Hole address.
Economy
Brazil's July Current Account Deficit Hits Seven-Year High
Brazil's current account deficit widened to $8.11 billion in July, the largest for the month since 2019, far exceeding forecasts.
ECB Signals Another Rate Hike Likely in September
ECB minutes from July indicate another rate hike is likely in September to combat inflation and fallout from the Iran conflict.
French stocks slide as election debate and budget worries rattle investors
French blue-chip stocks fell to a one-month low as investors weighed election risks and upcoming budget negotiations.
Botswana holds key rate again as inflation stays above target
Botswana's central bank left its policy rate unchanged, citing second-round effects from fuel and electricity costs, even as inflation eases.
Ukraine's Drone Campaign Hits Major Russian Refineries
Ukrainian drone attacks have damaged or halted operations at multiple Russian oil refineries, impacting fuel production.
Gates Foundation to Help India Strengthen AI Tools for Farmers
Gates Foundation and Indian government to jointly enhance AI-driven farm tools and explore scaling models to Asia and Africa.
Argentina and Chile revive cross-border mining pact to lure investment
Argentina and Chile are reviving a 1997 mining treaty to unlock $20.7 billion in investment and boost copper output.
India Calls US Tariff Plan a Unilateralist, Protectionist Move
India's Commerce Ministry has described the US tariff plan as a typical unilateralist and protectionist act.
Warsh faces credibility test at Jackson Hole as inflation stays hot
Fed Chair Kevin Warsh's Jackson Hole speech is seen as a key test of his approach to sticky inflation and rate policy amid market and political pressures.
Six-Month Iran War Looms Over US Midterms as Voters Feel Economic Pinch
As the Iran war passes six months, its economic toll is fueling voter frustration and complicating Republican efforts in the midterms.
Ukraine warns 2027 sowing area could shrink by a quarter as grain exports collapse
Ukraine's grain exports have plunged 60% in August due to Russia's port blockade, threatening a 25% reduction in 2027 sowing area.
Six Months On, US-Iran Conflict Settles Into Costly Economic Stalemate
Six months after strikes, the US-Iran conflict is a stalemate. Tehran endures an economic siege, betting on time.
UK youth not in work or education falls below 1 million
The number of UK 16-24 year-olds not in work or education fell below 1 million in Q2 2026, though it remains high by European standards.
Rwanda taps yen for first time in $190 million World Bank-backed loan
Rwanda raises about $190 million via a 15-year World Bank-guaranteed loan, its first in yen, to fund budget priorities.
Iran, Oman reach revenue-sharing deal for Strait of Hormuz shipping
Iran and Oman have agreed on revenue sharing from Strait of Hormuz shipping fees, Iran's IRGC announced, while blaming US obstruction for delays.
Philippine Central Bank Raises Rates Again, Citing El Niño and Wage Risks
BSP hikes key rate by 25 bps to 5.0%, flagging El Niño and wage pressures as inflation risks.
Ukraine's August grain exports plunge 60% as Black Sea ports stay blocked
Ukraine's grain exports fell 60% in August as Russian attacks blocked Black Sea ports, with rail and Danube routes unable to compensate.
Argentina to channel pension funds into mortgage lending push
Argentina's government will use $1.3 billion from pension reserves to fund mortgage loans, aiming to help up to 18,000 families buy homes.
Canada Pulls Seafood From Retaliatory Tariff List
Canada has removed seafood and fish products from its retaliatory tariff list, citing feedback and economic harm concerns.