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Politics
European inflation is back above 3%. Higher interest rates are likely
People sunbath and swim during the African heatwave in Naples on August 4, 2026. Anadolu | Anadolu | Getty ImagesEnergy price pressures drove inflation in the euro zone back above 3% in August, with hard-hit businesses now likely facing…
India rejects Hague ruling to uphold Pakistan water-sharing treaty
Two boys sit on the banks of the River Jhelum in Sopore, Jammu and Kashmir, India, on May 7, 2026. The Jhelum River flows through India and Pakistan under the framework of the Indus Water Treaty, with recent tensions and border conflicts…
Bond yields soar as fresh U.S.-Iran tensions revive inflation concerns
Government bond yields jumped across major markets Tuesday, with borrowing costs in Japan and the U.K. touching multi-decade highs, and U.S. Treasury yields surging, as renewed Middle East hostilities reignite inflation concerns.The key…
Nvidia $3.5 billion deal boosts MediaTek shares 10%
MediaTek CEO Rick Tsai (R) talks with Nvidia CEO Jensen Huang (left) during a keynote speech for Computex 2025 at the Taipei Nangang Exhibition Center Hall in Taipei on May 20, 2025. I-hwa Cheng | Afp | Getty ImagesShares of…
Japan borrowing costs hit 30-year high as Bessent steps up pressure
Japan's benchmark borrowing costs rose to their highest level in three decades on Tuesday, after U.S. Treasury Secretary Scott Bessent signaled that he expects action from Tokyo and the Bank of Japan to support the falling yen.The…
A surprise seat for Russia at the G20 table
31 August 2026, United States, Asheville: Conference participants are seated during the first working session at the meeting of finance ministers and central bank governors from the G20 countries. Bernd von Jutrczenka | Picture Alliance…
Emerging markets gain as U.S. dollar weakens
Brazil's President Luiz Inacio Lula da Silva speaks to the media at the BRICS Summit in Rio de Janeiro, Brazil July 7, 2025. REUTERS/Ricardo MoraesRicardo Moraes | ReutersEmerging markets are likely to see a surge in investor money as…
Trump says U.S. growth could hit 20%, a rate seen once since WWII
U.S. Secretary of Commerce Howard Lutnick, U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., and U.S. Center for Medicare & Medicaid Services (CMS) Administrator Dr. Mehmet Oz stand behind U.S. President Donald…
Bessent said no economic relief for Russia until Ukraine war ends
Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31, 2026.Courtesy: U.S. Treasury DepartmentU.S. Treasury Secretary Scott Bessent reportedly told…
Tanker struck by three projectiles in Hormuz as U.S.-Iran conflict
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | ReutersA tanker was struck by three unknown projectiles while transiting the Strait of Hormuz on Monday, stoking worries that the Middle East…