Bloomberg Surveillance

Prohibition also targets American companies that produce goods in Canada

China announced several steps to encourage banks to lend to targeted sectors including infrastructure and technology, in an attempt to juice growth after a monthslong slowdown in the economy.

Beneath the surface of a low unemployment rate in the US, the ranks of people facing prolonged periods of joblessness are increasing.

Demand for home loans unexpectedly fell in August as higher borrowing costs triggered by the Iran war put off prospective homebuyers.

The UK government paid the highest yield since 1999 at an auction of 10-year debt, with investors demanding additional premiums to compensate for persistent inflation and the prospect of spending increases in next month’s budget.

Russia is preparing to pour more money into its war on Ukraine, boosting planned military spending next year by more than a quarter as the costs of the intensifying conflict mount and both sides strike deeper into each other’s territory.

Spanish inflation accelerated more than anticipated and further beyond the European Central Bank’s 2% target, reinforcing the case for interest rates to be lifted further.

The abrupt end to trade talks between the US and Canada in August led to a sharp escalation in tensions between the two countries. It even prompted President Donald Trump to order Lake Ontario’s name be changed on US maps to “Lake America.”

Indonesia’s parliament approved a 2027 state budget targeting 6% economic growth, the fastest pace in more than a decade, as President Prabowo Subianto seeks to accelerate the economy while keeping the fiscal deficit within legal limits.

Australia’s central bank resumed raising interest rates on Tuesday, judging it couldn’t wait any longer to respond to resilient domestic demand compounded by escalating energy costs that threaten to intensify inflationary pressures.

Poland has no room to increase public spending ahead of next year’s election, Finance Minister Andrzej Domanski said, describing fiscal policy as a challenge for the government.

Weakness in the yen remains an ongoing concern, and Japan and the US will stay in close contact as they seek to maintain an orderly currency market, Finance Minister Satsuki Katayama said.

The New Zealand government will contest November’s election with a slightly less gloomy set of books as a recovering economy and higher inflation boost revenue and narrow the nation’s budget deficit.

Britain is wasting an opportunity to invest billions of pounds in infrastructure by sticking to rigid national accounting rules that prevent arms-length government bodies from borrowing on their own account, the Common Wealth think tank said.

UK shop prices grew at a slower pace in September, according to a survey, as retailers avoided passing on higher costs to consumers.

Last year, Japan was flooding its rice market with emergency stockpiles in a bid to mollify voters angered by the soaring price of its staple grain. Now, it has the opposite problem: a glut.

White House National Economic Council Director Kevin Hassett suggested that, while the US economy is now on track for strong growth, “outside” factors could get in the way of the administration’s hopes for at least a 3% expansion rate.

Federal Reserve Governor Lisa Cook said future productivity gains from artificial intelligence may not be enough to offset near-term price pressures, warning this trend could drive up inflation across the economy.

Zimbabwe’s central bank reduced its interest rate for a second time in a row, bucking a global trend toward keeping borrowing costs higher for longer as the US-Iran standoff keeps energy prices elevated.

Canadian consumer confidence showed little sign of improvement in late September, as uncertainty over oil prices and a riskier interest rate outlook continued to weigh on households that were already feeling pessimistic.