US President Donald Trump said a company owned by India’s Essar Group will build a $15 billion steel plant in Iowa, a crucial midterm battleground state where voter dissatisfaction over the economy has hurt Republicans.
Indian Commerce Minister Piyush Goyal will hold bilateral meetings with his US counterpart during a visit this week as the two sides seek to finalize an interim trade deal.
Russian President Vladimir Putin ordered local Metro Cash and Carry units placed under temporary administration while also allowing Western Union to sell its assets in the country, the latest in a series of Kremlin moves to assert control over foreign businesses.
China has given its strongest signal yet that it will move with greater urgency to counter a deepening slowdown, as the government promised to introduce new measures to support the economy and study policies to stabilize the reeling property market.
Treasury Secretary Scott Bessent tapped David Zervos, a longtime market and policy analyst at investment bank Jefferies, as an adviser with an unspecified role.
Ukraine sees no positive signs that there could be a ceasefire covering grain exports via the Black Sea in the coming months, as strikes in the region have drastically cut the country’s ability to export products vital to global supplies.
UK Chancellor of the Exchequer John Healey speaks about the artificial intelligence boom and its impact on the economy, calling the technology "the greatest innovation of our time." Addressing the Labour Party conference in Liverpool, Healey adds: "We will make sure that Britain wins in this AI revolution." (Source: Bloomberg)
"The prime minister and I are united in meeting the fiscal rules," UK Chancellor of the Exchequer John Healey says in his address to the Labour Party conference in Liverpool. He adds that fiscal discipline will be at the center of the budget he will deliver in late October, which marks a high-stakes moment for both Healey and Prime Minister Andy Burnham. (Source: Bloomberg)
Germany’s state governments are considering changing voting rules to prevent the country’s far-right party from blocking decisions if it takes control in an eastern state where it now dominates.
France faces a day of strikes on Tuesday as unions call on civil servants to put pressure on the government before it presents its 2027 budget bill later this week.
The UK was closely monitoring increased threats to a British airbase used in US strikes against Iran before an attempted attack was foiled on Sunday, people familiar with the matter said, adding that authorities had tightened security at the site.
The political battle for the Senate is spreading to states many analysts doubted would have a central role in the November midterms, prompting both parties to bolster spending in an election that is on track to be the most expensive in American history.
Nancy Cook, Bill Allison, Catherine Lucey and Amanda Gordon
Defence Secretary Wes Streeting declines to link the arrests of five people near RAF Fairford, an air base that is a key launching point for US strikes against Iran, with the ongoing conflict in Iran. “I don’t want to draw a link between what’s happening in Iran and this incident at this stage,” he says. Speaking on Bloomberg Television, he adds that the Iranian regime poses a threat to the United Kingdom, its interests and allies. He speaks with Bloomberg's Caroline Hepker on the sidelines of the Labour Party's annual conference. (Source: Bloomberg)
Britain’s defense secretary declined to connect the arrests of five men near a Royal Air Force base with the US-Iran war, saying that an investigation into the incident was ongoing.
UK Defence Secretary Wes Streeting says there is "no doubt that the Iranian regime poses a threat" to the UK, the nation's interest and its allies. Speaking with Bloomberg's Caroline Hepker on the sidelines of the annual Labour Party conference in Liverpool, he adds that "there is more in the budget to come on defense." (Source: Bloomberg)
