US and Canada Resume Trade Talks as Tariff Deadline Nears
Top US and Canadian trade officials will hold a third day of talks in Washington as a Saturday tariff deadline looms.
Economy
Trump vows 'economic D-Day' against Iran as war nears six-month mark
With the Iran war nearing six months and weapons stocks low, Trump promises an 'economic D-Day' of unprecedented sanctions to force Tehran's capitulation.
ECB Rate Hike Bets Mount as Energy Risks Cloud Inflation Outlook
Traders increasingly expect ECB deposit rate to hit 3% by 2027 as geopolitical tensions and energy supply risks keep inflation concerns elevated.
Trump announces 90-day ground beef import expansion to lower US prices
US President Donald Trump says he will allow 300,000 metric tons of ground beef imports over 90 days, claiming prices will drop 25%.
Tehran's Grand Bazaar bustles, but families struggle as war and sanctions squeeze Iran's economy
Iran's economy is buckling under war, sanctions, and a naval blockade, with inflation soaring and families struggling to afford basic goods.
Cuba asks US: Why block reforms you demanded?
Cuba's UN ambassador says US sanctions are blocking the economic reforms Washington has demanded, as new penalties target state industries.
El Niño, not earthquake, is the bigger threat to Colombia's coffee crop
Colombia's coffee harvest escaped the August earthquake's worst effects, but El Niño and a strong peso threaten output and farmer incomes.
Iraq seeks higher OPEC quota, targets 8-10 million bpd in six years
Iraq asks OPEC for a larger quota, aiming to raise production to 8-10 million bpd within six years.
Tehran's Bustling Streets Mask an Economy Under Siege
Despite crowded bazaars, Iran's economy is deteriorating under the strain of war, sanctions, and a naval blockade.
Iran warns of 'devastating' retaliation as US unveils new sanctions push
Iran threatens a crushing response to new US sanctions, as Washington pledges its toughest-ever economic pressure and a naval blockade cuts oil flows.
Germany's Winter Gas Storage Goals Slip as Iran Conflict Keeps Prices High
German gas storage is at 50%, far below last year, as the Iran war makes summer stockpiling uneconomical.
Iran's economy reels under war and sanctions as families cut back
Iranian families face soaring prices and job losses as US sanctions and a naval blockade strain the economy, with inflation expected to hit 70%.
US Treasury action buys time for JGBs, but 3% yield barrier nears
US Treasury buybacks offer temporary relief to JGBs, but analysts see 3% yield breach as inevitable.
Japan's Budget Drafting Faces Higher Debt-Service Cost Assumption
Japan's finance ministry is considering a 3.8% assumed interest rate for next year's budget, up from 3.0%, as long-term yields climb.
China and Indonesia Pledge Deeper Military and Economic Cooperation
China and Indonesia agreed to boost military ties and cooperate on minerals, energy, and technology during a high-level visit to Jakarta.
Euro zone business activity accelerates to fastest pace this year
Euro zone business activity grew at its fastest pace this year in August, led by manufacturing and a rebound in exports.
Iran’s parliament speaker urges plan to counter ‘unjust sanctions’
Iran’s parliament speaker calls for planning to overcome US sanctions, citing economic and security links.
French Maize Crop Rating Holds Steady at Record Low
French grain maize crop ratings stabilized at a record low in mid-August after nine weeks of decline, with harvest prospects still grim.
Indonesia and China Launch New Strategic Dialogue in Jakarta
Indonesia and China held their first Comprehensive Strategic Dialogue in Jakarta, agreeing to boost trade and cooperation.
Over 300 Ukrainian Fuel Stations Hit by Russian Strikes in Six Months
Ukraine's energy minister says Russian attacks damaged or destroyed more than 300 gas stations in the past six months, calling it a major economic blow.