New Zealand inflation likely eased slightly in the third quarter, but the respite is set to be short-lived as a weaker currency and surging oil prices drive an acceleration in the final three months of the year, building the case for rate hikes.
Ghana plans to ban exports of unprocessed minerals by 2030 as Africa’s biggest gold producer seeks to capture more value from its natural resources and spur domestic industrialization, President John Mahama said.
German Chancellor Friedrich Merz said a rapid solution can be found to senior vacancies at the European Central Bank that are likely to include President Christine Lagarde.
After violence and vandalism rocked France, officials in the country have admitted failure. What happens next?
Oliver Crook explains. (Source: Bloomberg)
White House National Economic Council Director Kevin Hassett said prices have been falling for items such as beef and eggs, though consumer price data for September shows overall inflation continues to need policy attention.
Confidence among US homebuilders this month slumped to a 14-year low as mortgage rates above 7%, labor shortages and elevated supply costs batter the housing market.
German inflation probably won’t be as bad as after the pandemic, but a long list of threats could push prices up more than currently expected, the Bundesbank said.
South African business sentiment steadied in September, underpinned by high precious-metal prices and a pickup in tourism and car sales, though inflationary pressures from high oil prices remain a concern.
Remittance flows to Kenya could decline this year for the first time since 2009, as a new US tax on money transfers and headwinds from the Iran war stunts the nation’s largest source of foreign exchange.
Rhee Chang Yong, PIIE Nonresident Senior Fellow and former Bank of Korea Governor, says Seoul should use the windfall from AI-related exports to create buffers against competition from China. He speaks with Stephen Engle on the sidelines of the Bund Summit in Shanghai.
(Source: Bloomberg)
Hungarian Prime Minister Peter Magyar is set to unveil his 2027 budget on Monday, with expectations running high in the market that he can show a path to steer the country toward the euro area.
Malaysia’s exports rose to an all-time high in September, with growth accelerating to its fastest pace in more than five years on higher demand for AI-related products.
More than 500,000 demonstrators took to the streets across France over surging energy and living costs, resulting in nearly 2,400 arrests and intensifying pressure on Emmanuel Macron's strained fiscal agenda. (Source: Bloomberg)
China nudged economic growth back into Beijing’s target range in the third quarter, in a surprise rebound powered by factory production and the artificial intelligence supercycle that are largely failing to feed into stronger domestic demand.
European Central Bank Governing Council member Olaf Sleijpen said that the chance to limit global warming to the limit envisaged by the Paris Agreement is almost spent.
More than half of first-time homeowners who purchased a UK property last month are paying a bigger sum for their monthly mortgage payments than they previously spent on rent, according to estate agency Hamptons.
