Business
The Mexican peso weakened by more than one percent as the U.S. dollar rose and oil prices increased. The move adds pressure on Mexico's import‑dependent economy and draws close monitoring from policymakers.
Business
The Japanese yen slipped to the 158 per dollar range, its weakest level in three weeks, while U.S. 10‑year Treasury yields rose to about 5.05%, the highest since 2007. The move reflects a surge in dollar buying driven by strong U.S. economic data, higher oil prices and expectations of further Federal Reserve tightening.
Business
The Indian government announced a cut in customs duties on key edible oils, including a zero rate for crude sunflower oil and reduced rates for refined palm and soybean oils, to ease rising kitchen costs before major festivals. The move aims to temper inflation and stabilize a market that has seen sharp price spikes in recent months.
Business
The French government has decided that major road freight operators will not receive the fuel subsidies announced for other sectors. The decision has prompted the transport industry to warn of protests and other actions.
Business
The Argentine government exchanged three‑quarters of a sovereign bond tied to the US dollar, cutting a source of exchange‑rate pressure. The move is seen as a step toward stabilising the peso amid ongoing economic challenges.
Business
The Central Bank of the Republic of Turkey has cancelled the operating licence of digital payments company Papel. The move underscores heightened regulatory scrutiny of fintech firms amid a volatile economic environment.
Business
Brazil's Finance Ministry lowered its 2026 economic growth projection to 2%, down from 2.3%, citing a surge in household indebtedness and a slower post‑pandemic recovery. The revision carries implications for fiscal policy, monetary easing and investor confidence.
Business
Italy’s statistical institute Istat has verified that the 2025 public‑finance deficit will be 3.1% of GDP, keeping the country out of compliance with European Union fiscal rules. Finance Minister Giancarlo Giorgetti expressed regret over the outcome.
Business
More than five hundred taxi drivers in Portugal have submitted applications to also operate as ride‑hailing (TVDE) services. The move highlights growing pressure on the traditional taxi sector and raises questions about regulatory oversight.
Business
President William Ruto announced Kenya’s readiness to start construction of Aliko Dangote’s Sh2.2 trillion refinery in Lamu. While financing talks advance, the Capital Markets Authority cautions that the project’s IPO has not yet been approved.
Business
Labour is considering lowering the threshold for its mansion tax to £1.5 million, a move that would bring the levy to an estimated 270,000 households, many in London. The proposal has sparked debate over its fiscal impact and political motives ahead of the next budget.
Business
Laurence Lecornu, France's budget minister, has launched a hard‑line “belt‑and‑braces” fiscal tightening, prompting concern among markets about a possible rise in French borrowing costs. The move comes as Paris seeks to meet European fiscal targets while navigating a fragile domestic economy.