The next few months will help the European Central Bank gauge the extent of the energy shock and determine how high to take interest rates, according to Executive Board member Isabel Schnabel.
India’s Prime Minister Narendra Modi and US President Donald Trump discussed cooperation on defense, trade, energy, and critical technologies in their first phone call since June, according to a statement by the Indian government.
Mozambique’s new central bank governor, Felisberto Navalha, announced measures aimed at boosting foreign exchange supply in the southeast African nation that’s been struggling with shortages for months.
Inflation in Europe’s top economies jumped to the highest level in years following the latest upswing in energy markets, focusing attention on what the European Central Bank will do next to tame prices.
Mexico’s government is increasingly confident about a possible trade deal with the US that includes reduced tariffs on key exports like steel, aluminum and light vehicles, according to multiple Mexican officials familiar with the situation.
The Bank of England warned that elevated hedge fund leverage in gilts, alongside exposure to artificial intelligence assets and corporate debt, raise the risk of stress spilling across markets.
Chile had its worst month of copper output in more than 15 years in August, deepening a slump in the biggest supplier of the metal that helps explain a tightening global market and record prices.
The US merchandise-trade deficit unexpectedly widened in August, reflecting a jump in the value of imports of industrial supplies such as petroleum products.
Chinese President Xi Jinping said China’s economy has proven resilient and dynamic, urging efforts to meet full-year targets and ensure a good start to the 15th five-year plan.
They seem like minor and isolated events: Western nations withholding components for an Israeli submarine; Dutch customs agents searching passengers landing from Tel Aviv; a shipment for Israeli defense company Elbit Systems Ltd. held at a Malaysian port.
Valuations in artificial intelligence remain vulnerable to a “sharper correction” than experienced in July, the Bank of England warned, noting the widespread implications of such a crash for global growth and sovereign bond yields.