Mexico's central bank signals extended hold on rates as inflation cools
Mexico's central bank signals rates will stay at 6.5% for longer, citing services inflation and global uncertainty.
Economy
Bulgaria's Kozloduy Nuclear Plant Trims Output as Danube Hits Record Lows
Bulgaria's Kozloduy NPP will cut capacity by 12% due to critically low Danube water levels, a first in its 52-year history.
US Treasury Chief Vows 'Toughest Sanctions in History' Against Iran
US Treasury Secretary Scott Bessent says Washington will impose its toughest-ever sanctions on Iran and presses China to cooperate.
China's yttrium exports to US climb in July, easing aerospace supply fears
Chinese yttrium oxide exports to the US hit 29 metric tons in July, the second-highest since April controls, offering some relief to aerospace buyers.
Bessent Signals Further Expansion of Treasury Buyback Program
Treasury Secretary Scott Bessent indicated the government may further increase its bond repurchase volumes, following a surprise doubling of the program.
Trump's Iran Threat Puts Key Trading Partners in the Spotlight
US threats to isolate Iran economically could hit major trading partners. Here's a look at the key relationships and their exposure.
Canada and US Resume Trade Talks as Tariff Deadline Looms
Top Canadian and US negotiators meet again in Washington to finalize a trade deal before a Saturday tariff deadline, with progress reported on vehicles, steel, and aluminum.
US Energy Department awards $500 million to boost domestic mineral projects
The US Energy Department is giving $500 million in grants to seven companies for domestic mineral processing and battery projects.
Smuggling booms in Gaza as Israeli restrictions push prices skyward
An investigation reveals a booming smuggling trade in Gaza, with soldiers and middlemen accused of profiting millions as residents face soaring prices.
Franca's shoe factories idle as US tariffs bite into exports
US tariffs on Brazilian goods have slashed footwear orders, forcing factories in Franca to cut staff and idle production lines.
Karachi Mourns Sailor Killed in Houthi Missile Attack on Red Sea Vessel
Pakistani sailor Mohammad Akram, killed in a Houthi missile attack on a commercial ship, is laid to rest in Karachi.
Putin Pushes New Investment Cycle as Russian Economy Shows Modest Growth
Putin urges a new investment cycle for industry, agriculture, services, and housing as GDP grows about 1%.
Mauritius and India Sign Long-Term Oil Supply Pacts
Mauritius signed long-term oil import deals with India, including a pact with Indian Oil, during a visit by India's Oil Minister.
Quebec Premier Demands Details Before Backing Canada-US Trade Deal
Quebec's premier says Canada-US trade talks are 'far from over,' seeking more details from PM Carney on protections for dairy and forestry before endorsing any deal.
Brazil Vows to Keep Fiscal Framework and Spending Restraint if Lula Wins Again
Brazil's finance minister pledges continuity of fiscal discipline and spending controls if the Lula administration secures another term.
EU Says Gas Storage at 62% Poses No Immediate Supply Concern
The European Commission says EU gas storage at 62% capacity is sufficient, even as high prices slow the pace of filling ahead of winter.
Indonesia rejects US report alleging role in tariff-evading transshipment network
Indonesia denies US claims it is part of a transshipment network that helps China avoid billions in US tariffs.
US-Iran conflict chokes trade and daily life along Iraq border
Months of US strikes on Iran have crippled border trade and traumatized communities in Iraq's Kurdistan region.
China Hits Back at US 'Transshipment Scam' Allegations, Calls for Restraint
China has rejected US allegations of a 'transshipment scam,' calling them irresponsible and urging Washington to stop making unfounded accusations.
China Tells Seoul to Avoid Taking Sides, Blames US Policy for Korean Tensions
China's top diplomat urges South Korea to stay neutral in US-China rivalry and blames Washington's North Korea policy for regional tensions.