Business
The Group of Seven nations announced a coordinated drawdown of emergency fuel reserves, targeting 100 million barrels of crude and diesel over the next four months. The move comes after U.S. President Donald Trump warned of a possible export ban and amid soaring global energy prices.
Business
Argentina's sovereign risk spread surged to 650 points, the highest level recorded this year, according to La Nación. The jump signals heightened investor caution amid ongoing economic challenges.
Business
Facing record diesel prices and a threatened U.S. export ban, the Group of Seven will tap emergency reserves, dispensing up to 100 million barrels over four months. The move aims to stabilise markets and avert supply shocks in Europe and beyond.
Business
President Donald Trump’s administration warned France and Germany to tap emergency diesel stocks or face a U.S. export ban, prompting urgent talks among European allies. The move comes as diesel prices hit record highs and winter energy supplies tighten.
Business
Spain's benchmark 10‑year government bond yield jumped to its highest point since the sovereign debt crisis, sparking market volatility across Europe. The spike coincided with a brief rally in U.S. equities and reflected a broader global shift toward higher sovereign yields.
Business
Aliko Dangote's consortium has begun construction on a Sh2.2 trillion refinery at Lamu, a project that could transform Kenya’s energy landscape and regional trade. The launch, attended by President William Ruto and several African leaders, faces land disputes and legal challenges.
Business
The country's highest judicial body ruled that there are no longer any limits on the sale of agricultural land to non‑Argentine investors. The decision ends a long‑standing cap that had been a focal point of debate over foreign influence in the nation's agrarian sector.
Business
The rupiah slipped to a new low of over 18,000 per U.S. dollar, its weakest level since August, as higher US Treasury yields and volatile oil prices hit emerging‑market currencies. Bank Indonesia stepped in with interventions but warned of deeper structural challenges.
Business
President Luiz Inácio Lula da Silva announced a new program, Desenrola MEI, aimed at renegotiating debts for micro‑entrepreneurs. The measure was introduced five days before Brazil's national elections, drawing attention to its political timing and potential impact on the informal economy.
Business
Australia's central bank has increased its benchmark interest rate to 4.6%, the highest level in 15 years, in its fourth rate hike this year. The decision, aimed at curbing persistent inflation, was largely anticipated by economists.
Business
An analyst has warned that the Czech Republic's electricity and gas price‑fixing scheme can be altered up to a year before the scheduled review. The suggestion comes as policymakers grapple with volatile energy markets and domestic pressure to protect consumers.
Business
A member of the Monetary Policy Council cautioned that the National Bank of Poland could face an operational shutdown. The warning highlights concerns over the bank's ability to fulfil its core functions amid political and legal pressures.