Business
The United States and China announced reciprocal tariff reductions covering roughly $30 billion of imports each, totaling $60 billion in trade. The agreement, unveiled after a high‑profile summit in Washington, includes lists of products ranging from toys and sports equipment to farm goods, while key disputes such as soybeans remain untouched.
Business
President Javier Milei said the country's economic indicators are misleading and denied that Argentina is in a recession. He is preparing for a diplomatic visit to Paris following a recent trip to the United States.
Business
Turkey's capital markets regulator removed precautionary measures in a high‑profile fund investigation, triggering sharp volatility on Borsa Istanbul. The move coincided with the detention of two Tera Holding executives and the resignation of an AK Party deputy chair over alleged stock‑trade misconduct.
Business
Brazil's finance ministry is evaluating an upward revision of the 2027 federal budget by as much as 42.3 billion reais. The potential increase is linked to new social and tax measures being debated ahead of the 2026 general elections.
Business
The Norges Bank has moved from a period of interest‑rate cuts to implementing hikes within a single year, a shift described as painful for the economy. The rapid turnaround signals new challenges for borrowers and businesses across Norway.
Business
Italy’s largest oil company, Eni, introduced a one‑month price freeze on gasoline and diesel, setting pump prices at €1.99 and €2.19 per litre respectively. The move comes as the government struggles with rising energy inflation and raises questions about the scheme’s financial viability.
Business
The German government will re‑introduce a temporary fuel price relief scheme, known as the Tankrabatt, offering motorists up to 0.17 euros per litre from October until 31 December. The move comes amid persistent high energy prices and mirrors similar subsidy measures across Europe.
Business
Governor Andrew Bailey told policymakers that persistent energy‑price pressure makes keeping rates on hold increasingly difficult, signalling a probable rise in UK interest rates. Mortgage borrowers and markets have already begun to price in further tightening, with some analysts forecasting two hikes before spring.
Business
The Dutch cabinet has decided to draw down on national gas stocks, a move that could cost the state up to €1 billion and push up energy bills for consumers. The decision also reignites debate over the EU’s mandatory gas‑storage requirements.
Business
Argentina's sovereign risk indicator rose above the 600‑point threshold, marking a new level of market pressure. The increase places additional strain on the nation's financing options and underscores ongoing economic challenges.
Business
Switzerland's federal authorities have rejected a proposal to lower the fuel tax despite gasoline reaching record levels, citing fiscal and environmental concerns. The decision has sparked criticism from opposition parties and motorists’ groups.
Business
The average 30‑year fixed mortgage rate climbed above 7% for the first time in more than a year, driven by a global bond sell‑off after the Iran‑war fallout. The surge deepens an already fragile US housing market and intensifies affordability pressures for homebuyers and renters.