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EU net gas injection tops 32 billion cubic meters ahead of winter

The European Union has injected more than 32 billion cubic meters of gas ahead of winter. So far, Europe has reached only 47% of the volume required for the coming winter. The storage effort therefore remains below the stated seasonal requirement.

Energy & commoditiesEuropean Unionnatural gasenergy storage

TTASSOriginal★★★★☆2026-08-04 09:14

EU net gas injection tops 32 billion cubic meters ahead of winter

Minister: Russia’s domestic tourism to remain unchanged year-on-year in 2026

Domestic tourism in Russia is expected to remain at the same level in 2026 as it was the previous year, Minister Maxim Reshetnikov said. He added that domestic travel is projected to reach 140 million trips annually by 2030. The forecast points to stable activity in the sector next year. Longer-term travel volumes are expected to grow toward the end of the decade.

Companies & industryRussiadomestic tourismtravel forecast

TTASSOriginal★★★☆☆2026-08-04 09:12

Minister: Russia’s domestic tourism to remain unchanged year-on-year in 2026

Wildberries building about 260,000 sq m of warehouses in Kazakhstan — Trade Ministry

Wildberries is building warehouses in Kazakhstan with a combined area of about 260,000 square meters, the country’s Trade Ministry said. Trade Minister Arman Shakkaliyev clarified that construction of the company’s warehouses has been under way for several years. The remarks describe an ongoing, multiyear expansion of the company’s warehouse network in Kazakhstan.

Trade & sanctionsWildberriesKazakhstanwarehouse construction

TTASSOriginal★★☆☆☆2026-08-04 09:08

Wildberries building about 260,000 sq m of warehouses in Kazakhstan — Trade Ministry

China’s services trade rises 8.3% in first half, knowledge-intensive exports top 50%

China’s services trade reached 3.78 trillion yuan, or about $526.4 billion, in the first half of 2026, according to data from the Ministry of Commerce. The figure was 8.3% higher than a year earlier. Knowledge-intensive exports accounted for more than half of services exports, highlighting their strong position within China’s services trade during the period.

Macro & central banksTrade & sanctionsChina economyservices tradeknowledge-intensive exports

CChina News ServiceOriginal★★★☆☆2026-08-04 08:53

China’s services trade rises 8.3% in first half, knowledge-intensive exports top 50%

Foreign tourist arrivals in Russia rise 20% in first half of 2026, minister says

The number of foreign tourists visiting Russia increased by 20% in the first half of 2026, according to Economic Development Minister Maxim Reshetnikov. Reshetnikov attributed the growth to decisions taken by the president and the government. His statement presented those decisions as the reason behind the rise in visitor numbers. The reported increase concerns foreign tourism to Russia during the first six months of the year.

Companies & industryRussiaforeign touriststourism

TTASSOriginal★★★☆☆2026-08-04 08:39

Foreign tourist arrivals in Russia rise 20% in first half of 2026, minister says

Xinjiang Production and Construction Corps expands value-added fruit processing

A cooperative affiliated with the Xinjiang Production and Construction Corps is sun-drying Hami melons during the peak harvest period. The processing method is intended to lengthen the fruit’s shelf life and limit waste. It represents an effort to add value within the regional fruit industry while handling a seasonal harvest surge.

Companies & industryXinjiang Production and Construction CorpsHami melonsfruit processing

CChina News ServiceOriginal★★☆☆☆2026-08-04 08:27

Xinjiang Production and Construction Corps expands value-added fruit processing

China’s electronic information manufacturing revenue rises 18.5% in H1

China’s electronic information manufacturing industry maintained strong momentum during the first half of 2026. Revenue increased by 18.5 percent over the period, according to data released by the Ministry of Industry and Information Technology. The figures point to continued growth in this part of China’s industrial sector.

Macro & central banksCompanies & industryChina economyelectronic information manufacturingindustrial growth

CChina News ServiceOriginal★★★☆☆2026-08-04 08:11

China’s electronic information manufacturing revenue rises 18.5% in H1

Russian stock indices decline as Moscow Exchange opens

Russian stock indexes moved lower after trading opened on the Moscow Exchange. By 10:15 a.m. Moscow time, the MOEX Index had dropped 0.54%. The RTS Index was down 0.53% at the same time. Both measures showed modest declines in early trading.

MarketsRussian stocksMoscow Exchangestock indexes

TTASSOriginal★★☆☆☆2026-08-04 07:59

Russian stock indices decline as Moscow Exchange opens

Road-air transport corridor in Yunnan opens for Myanmar-bound exports

A new combined road-and-air transport corridor linking Ruili and Mangshi in Yunnan Province has officially begun operations. It is being used to send cross-border e-commerce goods to Mandalay in Myanmar. The route creates a new transport connection for exports between the two locations and the Myanmar market. Its opening was marked by the shipment of such goods.

Trade & sanctionsYunnanMyanmarcross-border e-commercelogistics

CChina News ServiceOriginal★★☆☆☆2026-08-04 07:45

Road-air transport corridor in Yunnan opens for Myanmar-bound exports

China’s gross ocean product reaches 5.5 trillion yuan in first half, up 5.1%

China’s marine economy maintained steady growth during the first half of 2026. The Ministry of Natural Resources said on Monday that gross ocean product reached 5.5 trillion yuan in the period. The figure represented a 5.1% increase, indicating continued expansion in the country’s ocean-related economic activity.

Macro & central banksMarketsChina economymarine economygross ocean product

CChina News ServiceOriginal★★★☆☆2026-08-04 06:01

China’s gross ocean product reaches 5.5 trillion yuan in first half, up 5.1%

Innovative Chinese retail models reshape global market

Retail approaches developed and scaled in China are changing consumer behavior worldwide, a report released Monday says. Live commerce, social commerce and instant retail are influencing how people discover and purchase products. These models are also altering the ways consumers interact with brands and engage with them. Their growing international reach is reshaping the global retail landscape.

Companies & industryChinese retailglobal marketlive commercesocial commerce

CChina News ServiceOriginal★★☆☆☆2026-08-04 05:28

Innovative Chinese retail models reshape global market

New China-Thailand transport route boosts regional connectivity

An international road transport route connecting the China-SCO Local Economic and Trade Cooperation Demonstration Area with Thailand has officially opened. The route runs through the Greater Mekong Subregion. Qingdao Customs in Shandong announced the opening. The new link is intended to strengthen transport connections between China and Thailand and support wider regional connectivity.

OtherChina-Thailandroad transportregional connectivity

CChina News ServiceOriginal★★☆☆☆2026-08-04 05:16

New China-Thailand transport route boosts regional connectivity

Chinese game publishers increase investment in promoting projects on RuStore

Chinese game publishers are putting more money into promoting their projects on RuStore. The platform’s business development director, Ilya Ulyanov, says China represented about 80% of the total foreign advertising budget during the first six months of the year. The figure points to China’s prominent share of overseas advertising spending on the platform.

MarketsChinese game publishersRuStoreforeign advertisinggame promotion

TTASSOriginal★★☆☆☆2026-08-04 04:55

Chinese game publishers increase investment in promoting projects on RuStore

Olive oil prices expected to rise again as European crops suffer heat

Farmers across Europe are warning that extreme heat, drought and wildfires are reducing food production and pushing prices higher. Crops including maize and salad greens have been damaged, while olive groves are also under pressure. The climate crisis has driven temperatures across the continent to fresh records. With olive oil already expensive, the disruption is expected to send its price up again and add to wider food costs.

Energy & commoditiesEuropeolive oilextreme heatdroughtfood prices

TThe GuardianOriginal★★★★☆2026-08-04 04:00

Olive oil prices expected to rise again as European crops suffer heat
Olive oil prices expected to rise again as European crops suffer heat

Vietnam posts trade deficit for eighth straight month

Official government figures released on Monday showed Vietnam’s trade deficit widened in July. The result extended the country’s run of monthly trade shortfalls to eight consecutive months. The latest data point to continued pressure on Vietnam’s external trade balance.

Macro & central banksTrade & sanctionsVietnamtrade deficitforeign trade

CChina News ServiceOriginal★★★☆☆2026-08-04 03:23

Vietnam posts trade deficit for eighth straight month

US stocks near record high as Trump claims Iran talks are underway and oil falls

US stocks moved close to a record peak as Donald Trump claimed that talks with Iran were underway. Washington and Tehran offered conflicting accounts of the status of those discussions. The benchmark S&P 500 approached its all-time high. Oil prices declined as markets weighed the competing descriptions of the reported talks.

MarketsEnergy & commoditiesUS stocksIran talksDonald Trumpoil prices

AAl JazeeraOriginal★★★★☆2026-08-04 02:56

US stocks near record high as Trump claims Iran talks are underway and oil falls
US stocks near record high as Trump claims Iran talks are underway and oil falls

China opens more than 100 international air cargo routes since January

China has launched 103 international air cargo routes since the beginning of the year, according to the China Federation of Logistics and Purchasing. The new routes have added 229 weekly round-trip flights. Eleven of the routes began operating in July alone, highlighting continued expansion in China’s international air freight network.

OtherChinainternational air cargologistics

CChina News ServiceOriginal★★★☆☆2026-08-04 02:41

China opens more than 100 international air cargo routes since January

Moscow transfers 68% of taxes and fees to federal budget, mayor says

Moscow Mayor Sergey Sobyanin says the capital transfers 68% of its taxes and fees to the federal budget. He says Moscow is able to secure its own development while also generating resources to support other regions of the country. Sobyanin’s remarks present the city as contributing substantially to national finances and interregional assistance.

Macro & central banksMoscowfederal budgettaxesregional support

TTASSOriginal★★★☆☆2026-08-04 02:36

Moscow transfers 68% of taxes and fees to federal budget, mayor says

Petrol prices strain US households as Chevron, Exxon profits soar

Rising petrol prices are putting greater pressure on households across the United States. Low-income families are bearing the heaviest burden, spending more than 10 percent of their monthly income on petrol. At the same time, oil giants Chevron and Exxon are reporting sharply higher profits, highlighting the contrast between household costs and major energy companies’ earnings.

Macro & central banksEnergy & commoditiesCompanies & industrypetrol pricesUS economyChevronExxon

AAl JazeeraOriginal★★★☆☆2026-08-03 23:02

Petrol prices strain US households as Chevron, Exxon profits soar
Petrol prices strain US households as Chevron, Exxon profits soar

Most Sydney road tolls to keep rising after Transurban accused of blocking reforms

Tolls on Sydney’s largest road will continue to increase by at least 4% each year. The multinational private operator Transurban has been accused of obstructing the state government’s effort to introduce sweeping reforms. A deal announced by the state Labor government would provide one-off cuts on only a small number of motorways. The toll bill paid by taxpayers has meanwhile passed A$1bn.

OtherSydneyroad tollsTransurbanreforms

TThe GuardianOriginal★★★☆☆2026-08-03 15:00

Most Sydney road tolls to keep rising after Transurban accused of blocking reforms
Most Sydney road tolls to keep rising after Transurban accused of blocking reforms

Gasoline prices suddenly fall in Russia’s Krasnoyarsk Krai ahead of possible Putin visit

Gasoline prices at stations in Russia’s Krasnoyarsk Krai fell sharply on the evening of August 2. Correspondents for NGS24 reported that the reductions exceeded 20 rubles. The cuts applied to stations operated by the regional chain Krasnoyarsknefteprodukt. The sudden drop came ahead of a possible visit by Vladimir Putin.

Energy & commoditiesRussiagasoline pricesKrasnoyarsk Krai

MMeduzaOriginal★★☆☆☆2026-08-03 14:43

Gasoline prices suddenly fall in Russia’s Krasnoyarsk Krai ahead of possible Putin visit
Gasoline prices suddenly fall in Russia’s Krasnoyarsk Krai ahead of possible Putin visit

Russian oil supplies to India in July reach highest level since 2022

India’s imports of Russian oil reached their highest level since 2022 in July, according to vessel-tracking data from Kpler. The country brought in slightly more than 5 million barrels per day of crude oil during the month. That was a modest increase from June. The figures point to continued substantial Russian oil supplies to the Indian market.

Energy & commoditiesTrade & sanctionsRussian oilIndiacrude imports

TTASSOriginal★★★☆☆2026-08-03 14:18

Russian oil supplies to India in July reach highest level since 2022

No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead

Chinese consumers are cutting back on shopping and living more frugally. The government has introduced measures to stimulate spending, including consumer subsidies and a five-year plan to expand consumption. Yet these policies appear not to have produced the results Beijing expected. The slowdown may be temporary, or it may point to deeper structural problems in China’s consumer economy.

Macro & central banksCompanies & industryChina economyconsumer spendingsubsidies

BBBC ChineseOriginal★★★☆☆2026-08-03 14:08

No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead
No More ‘Shop Till You Drop’: Why Chinese Consumers Are Saving Instead

Forbes Russia: Ukrainian warehouse strikes may cost Wildberries sellers up to 280 billion rubles

Wildberries sellers may have suffered losses of between 215 billion and 280 billion rubles because of Ukrainian drone strikes on the company’s warehouses, Forbes Russia reports. The estimate was shared by Sergei Semko, lead analyst at research agency Data Insight. The figure describes potential losses affecting sellers on the Wildberries platform. The assessment links those losses to the strikes on the company’s warehouse facilities.

MarketsWildberriesdrone strikesseller losses

MMeduzaOriginal★★☆☆☆2026-08-03 13:44

Forbes Russia: Ukrainian warehouse strikes may cost Wildberries sellers up to 280 billion rubles
Forbes Russia: Ukrainian warehouse strikes may cost Wildberries sellers up to 280 billion rubles
  • Ukraine strikes Russia’s biggest retailer again
    Ukraine strikes Russia’s biggest retailer again

    Ukraine has carried out another long-range drone attack against a warehouse owned by Russian e-commerce giant Wildberries. The strike marks another reported hit on a facility belonging to the retailer. Wildberries is described as Russia’s biggest retailer. The incident comes amid the continuing Ukraine-Russia conflict.

    UkraineRussiadrone attackWildberries

    AAl Jazeera★★★☆☆2026-08-03 11:03Original
  • Russia’s Wildberries says warehouse caught fire after Ukrainian drone attack
    Russia’s Wildberries says warehouse caught fire after Ukrainian drone attack

    Russia’s leading online retailer Wildberries said a Ukrainian drone strike on Monday hit one of its warehouses in the Vladimir region and sparked a fire. The company, often described as Russia’s Amazon, said its facilities have been targeted several times by Ukrainian drones in recent weeks. The statement links the warehouse blaze directly to the reported attack. No further details about the fire or casualties were provided.

    RussiaUkrainedrone attackWildberries

    FFrance 24★★★☆☆2026-08-03 06:38Original
  • Ukraine reportedly strikes Wildberries warehouse in Russia’s Vladimir Oblast
    Ukraine reportedly strikes Wildberries warehouse in Russia’s Vladimir Oblast

    Ukraine’s military reportedly struck a Wildberries logistics center in Khryastovo, a town in Russia’s Vladimir Oblast, on the morning of Aug. 3. The report was carried by Russian Telegram media channels. The facility was identified as a Wildberries logistics site. The available account describes the strike but provides no further details about damage or casualties.

    UkraineRussiaattackWildberries

    TThe Kyiv Independent★★★☆☆2026-08-03 04:37Original

Russia’s manufacturing PMI rises to 50.7 in July

Russia’s manufacturing Purchasing Managers’ Index climbed to 50.7 in July. The survey recorded a second straight month of growth in total new sales. It also found that the pace of expansion accelerated during the month. Growth reached its fastest rate since May 2025. The figures point to stronger momentum in the manufacturing sector.

Macro & central banksCompanies & industryRussiamanufacturingPMI

TTASSOriginal★★★☆☆2026-08-03 13:41

Russia’s manufacturing PMI rises to 50.7 in July

Russia’s new-car sales rise 10% year on year to 815,100 in January-July — ministry

Russia’s new-car sales increased by 10% year on year during January through July, according to the ministry. Sales reached 815,100 vehicles over the reporting period. The domestically produced car market accounted for more than 516,000 units. The figures indicate growth in Russia’s new-vehicle market during the first seven months of the year.

Companies & industryRussiaauto marketnew-car sales

TTASSOriginal★★★☆☆2026-08-03 13:01

Russia’s new-car sales rise 10% year on year to 815,100 in January-July — ministry

St. Petersburg Gas Forum postponed until April 2027, Gazprom says

Gazprom says the St. Petersburg Gas Forum has been postponed until April 2027. The decision was made because many other major related events are already scheduled for October this year. The announcement concerns the timing of the forum and gives the scheduling conflict as the stated reason for the delay.

Energy & commoditiesSt. Petersburggas forumGazprom

TTASSOriginal★★☆☆☆2026-08-03 12:44

St. Petersburg Gas Forum postponed until April 2027, Gazprom says

CGTN poll: Over 80% say China’s summer economy is driving growth

A CGTN poll finds that more than 80% of respondents view China’s summer economy as a source of growth. Overseas tourists are flocking to Chinese cities, while the “China Travel” trend has gone viral on social media. Demand abroad for cooling products made in China is also surging. Together, these developments have again put China’s summer consumption in the global spotlight.

Macro & central banksCompanies & industryChina economysummer consumptionoverseas tourismChinese manufacturing

CCGTNOriginal★★★☆☆2026-08-03 11:21

CGTN poll: Over 80% say China’s summer economy is driving growth
CGTN poll: Over 80% say China’s summer economy is driving growth

India to expand export basket to Russia by end of fiscal year — FIEO

India plans to broaden the range of goods it exports to Russia by the end of the fiscal year, according to FIEO. New opportunities are emerging in processed and ready-to-eat foods. Beverages, tea, coffee and spices are also identified as areas with growing potential. The initiative points to an effort to diversify India’s export offerings in the Russian market.

Macro & central banksTrade & sanctionsIndiaRussiaexportsfood products

TTASSOriginal★★★☆☆2026-08-03 10:43

India to expand export basket to Russia by end of fiscal year — FIEO
  • Russia emerges as one of the most promising markets for Indian exports — FIEO

    Russia has emerged as one of the most promising destinations for Indian exports, according to FIEO President Subhash Chander Ralhan. He said shifting supply chains and changing geopolitical conditions are opening new possibilities. Russia’s drive to diversify its sourcing is also creating fresh opportunities for Indian businesses. The assessment points to expanding trade prospects between the two markets.

    Indian exportsRussia marketsupply chainsgeopolitics

    TTASS★★☆☆☆2026-08-03 07:17Original

After the fires, France’s touristy southwest reckons with economic fallout

A major wildfire in France’s southwestern Gironde region is gradually being brought under control, allowing daily life to return little by little. Hotels and campsites are reopening as holidaymakers try to revive their summer plans. Yet businesses dependent on vacation traffic face a lengthy recovery. The record-breaking fire season is not over, leaving the region’s tourism economy exposed to further disruption.

Companies & industryFranceGirondewildfirestourism

FFrance 24Original★★★☆☆2026-08-03 10:24

After the fires, France’s touristy southwest reckons with economic fallout
After the fires, France’s touristy southwest reckons with economic fallout

Wildberries bans employees from bringing smartphones into warehouses

Wildberries has prohibited employees from taking smartphones into its warehouses since August 3. The measure was reported by the Russian Telegram news channel Ostorozhno Novosti. That report said the information came from an internal company notice. The ban specifically concerns employees bringing smartphones into warehouse facilities.

OtherWildberrieswarehouse policysmartphone ban

MMeduzaOriginal★★☆☆☆2026-08-03 10:14

Wildberries bans employees from bringing smartphones into warehouses
Wildberries bans employees from bringing smartphones into warehouses

Yen reaches three-month high after Trump helps bolster currency

The yen has risen to its strongest level in three months after Japan and the United States confirmed a rare joint intervention. The operation, carried out late last week, was intended to support Japan’s currency. On Monday, the yen strengthened to ¥155 against the US dollar, its highest point since early May. The development has also prompted questions over why Trump stepped in to help prop up the yen.

Macro & central banksMarketsyencurrency interventionJapan economyUnited States

TThe GuardianOriginal★★★★☆2026-08-03 08:34

Yen reaches three-month high after Trump helps bolster currency
Yen reaches three-month high after Trump helps bolster currency
  • US and Japan take rare joint action in currency market to prevent yen hitting 40-year low
    US and Japan take rare joint action in currency market to prevent yen hitting 40-year low

    The United States and Japan have unusually joined forces to intervene in the foreign-exchange market. Their stated aim is to prevent the Japanese yen from falling to a 40-year low. Both countries say they would not hesitate to carry out another coordinated intervention if necessary in the future.

    US-Japan relationsJapanese yencurrency intervention

    BBBC Chinese★★★★☆2026-08-03 03:46Original
  • US and Japan reveal coordinated intervention, hint at possible repeat as dollar weakens and yen strengthens
    US and Japan reveal coordinated intervention, hint at possible repeat as dollar weakens and yen strengthens

    The US and Japanese finance ministers have disclosed that coordinated intervention was carried out and suggested it could be repeated in the future. The announcement triggered sharp moves across Tokyo markets on the 3rd. Foreign exchange, stocks and bonds all swung significantly. The dollar weakened while the yen strengthened, briefly reaching the lower 155-yen range per dollar.

    US-Japan interventionforeign exchangeJapanese yenfinancial markets

    TToyo Keizai★★★★☆2026-08-03 02:45Original
  • US and Japan take rare joint action to prop up yen
    US and Japan take rare joint action to prop up yen

    The United States and Japan have taken a rare joint step to support the yen. Both countries say they will not hesitate to carry out coordinated interventions again in the future. The move signals a willingness to act together when needed to bolster the Japanese currency.

    United StatesJapanyencoordinated intervention

    BBBC News★★★★☆2026-08-03 02:43Original
  • Japan and US confirm rare joint intervention to prop up yen
    Japan and US confirm rare joint intervention to prop up yen

    Japan and the United States have confirmed a rare joint intervention aimed at supporting the yen. US President Donald Trump said that helping strengthen the Japanese currency represents a sign of friendship. The intervention highlights coordinated action between the two countries to bolster Japan’s currency.

    JapanUnited Statesyencurrency intervention

    AAl Jazeera★★★★☆2026-08-03 01:34Original
  • Trump says US backed Japanese yen in rare currency intervention
    Trump says US backed Japanese yen in rare currency intervention

    President Donald Trump said Sunday that the United States had intervened to support the Japanese yen. He characterized the move as a “signal of friendship” and said it would benefit both the American and global economies. The Financial Times reported that Washington and Tokyo had jointly backed the yen for the first time in nearly three decades. The account described the action as a rare currency intervention involving the two countries.

    Donald TrumpJapanese yencurrency interventionUS-Japan

    FFrance 24★★★★☆2026-08-02 23:19Original

Spain’s wildfires: Counting the economic cost

Devastating wildfires are inflicting serious damage on Spain’s tourism sector, economy and natural environment. The destruction has prompted questions about whether more could have been done to prevent the flames. The focus is on the economic burden created by the fires and their wider impact on the country. Spain is now confronting the consequences for both livelihoods and nature.

Companies & industrySpainwildfirestourismeconomic impact

DDWOriginal★★★☆☆2026-08-03 05:05

Spain’s wildfires: Counting the economic cost
Spain’s wildfires: Counting the economic cost

AI’s impact on jobs: The pain and opportunities facing Chinese graduates

China is expected to have 12.7 million university graduates in the 2026 cohort, an increase of 480,000 from the previous year. The total has risen for 11 consecutive years, reaching another historic high. Including people from earlier cohorts who remain unemployed and returning overseas graduates, the number seeking work throughout the year exceeds 15 million.

Companies & industryTech & AIartificial intelligenceemploymentChinese graduates

BBBC ChineseOriginal★★★☆☆2026-08-03 00:33

AI’s impact on jobs: The pain and opportunities facing Chinese graduates
AI’s impact on jobs: The pain and opportunities facing Chinese graduates

Brent falls below $82 per barrel for the first time since July 13

Brent crude fell below $82 per barrel, marking its first move under that level since July 13. By 10:10 p.m. GMT on August 2, the benchmark had recovered some ground as losses narrowed. It was trading at $82.89 a barrel. The report focuses on the latest movement in the oil market.

Energy & commoditiesBrent crudeoil pricesmarkets

TTASSOriginal★★☆☆☆2026-08-02 22:50

Brent falls below $82 per barrel for the first time since July 13

Ukrainian farmers use temporary storage to revive grain exports

Russian attacks have disrupted grain exports through the Black Sea. Ukrainian farmers are responding by turning to temporary storage facilities for their harvests. The workaround is intended to help revive the country’s grain exports despite the interruption. Their efforts reflect the pressure the attacks have placed on export routes.

Energy & commoditiesTrade & sanctionsUkrainegrain exportsBlack SeaRussian attacks

AAl JazeeraOriginal★★★☆☆2026-08-02 15:14

Ukrainian farmers use temporary storage to revive grain exports
Ukrainian farmers use temporary storage to revive grain exports

Australian house prices slide as Middle East conflict and tax changes take hold

Australia’s housing downturn is spreading beyond individual markets. New Cotality figures show prices falling in Brisbane, Adelaide and Perth. Values have declined across most of the country since May. The national median price is now about $19,000 below its peak in March, as the Middle East conflict and tax changes begin to weigh on the market.

Macro & central banksReal EstateAustralia house pricesproperty marketMiddle East conflicttax changes

TThe GuardianOriginal★★★☆☆2026-08-02 14:01

Australian house prices slide as Middle East conflict and tax changes take hold
Australian house prices slide as Middle East conflict and tax changes take hold

OPEC+ Monitoring Committee concerned over attacks on global energy infrastructure

The OPEC+ Monitoring Committee expressed concern about attacks targeting energy infrastructure around the world. It also reviewed the current state of the market. The committee stressed that the Declaration of Cooperation remains essential to supporting stability in global energy markets. Its comments link the security concerns with the continuing importance of coordinated cooperation among participating producers.

Macro & central banksEnergy & commoditiesOPEC+energy infrastructureglobal energy markets

TTASSOriginal★★★★☆2026-08-02 13:44

OPEC+ Monitoring Committee concerned over attacks on global energy infrastructure

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September

Seven OPEC+ countries are set to increase their combined daily oil production in September by 188,000 barrels. The adjustment is reflected in an OPEC production table. Russia’s quota will rise by 62,000 barrels per day. The figures describe changes to the participating countries’ production allocations.

Energy & commoditiesCompanies & industryOPEC+oil productionRussiaenergy markets

TTASSOriginal★★★★☆2026-08-02 13:15

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September
  • OPEC+ to raise September oil output by 188,000 barrels per day
    OPEC+ to raise September oil output by 188,000 barrels per day

    Seven OPEC+ countries agreed on Sunday to increase their September oil production cap by 188,000 barrels per day. The increase will be measured against August’s level. The decision was announced in a statement released after the group held a virtual meeting. It continues OPEC+’s recent pattern of raising production limits.

    OPEC+oil productionenergy markets

    CCGTN★★★☆☆2026-08-02 11:26Original

US companies win billions in African data center deals in direct competition with China

American companies are securing artificial-intelligence data center and power contracts worth billions of dollars across Africa. The deals span countries from Lesotho to Gabon as competition between Washington and Beijing intensifies. The developments place African digital infrastructure and energy projects increasingly at the center of the US-China trade contest. The deals reflect a widening commercial rivalry between the two countries on the continent.

Trade & sanctionsCompanies & industryTech & AIUS companiesChinaAfricadata centerstrade war

FFox NewsOriginal★★★★☆2026-08-02 10:00

US companies win billions in African data center deals in direct competition with China
US companies win billions in African data center deals in direct competition with China

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

Australians bought electric and hybrid vehicles at almost the same rate as petrol cars from April to June, according to Australian Automobile Association data. Electric vehicle sales doubled in the months after the fuel price spike reached its peak. Petrol prices are again expected to pass A$2 a litre after federal fuel excise cuts ended on Sunday. The reductions had been introduced to offset the effects of the continuing crisis in the Middle East.

Energy & commoditiesCompanies & industryAustraliaelectric vehicleshybrid carsfuel prices

TThe GuardianOriginal★★★☆☆2026-08-02 05:00

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis
EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

USCBC president: US companies recognize China’s economic strengths

Sean Stein, president of the US-China Business Council, said US companies recognize the strengths of China’s economy and innovation system. He said these companies are seeking partnerships with Chinese firms. The aim, according to Stein, is to strengthen their competitiveness. He made the remarks on Friday.

Macro & central banksTrade & sanctionsCompanies & industryUS-China tradeChina economyinnovationbusiness partnerships

CCGTNOriginal★★☆☆☆2026-08-02 01:26

USCBC president: US companies recognize China’s economic strengths
USCBC president: US companies recognize China’s economic strengths

Paks nuclear plant in Hungary to shut down for first time in 44 years — Magyar

Hungarian Prime Minister Peter Magyar said the second-to-last power unit at the Paks nuclear power plant is scheduled to shut down on August 2. He attributed the decision to a further decline in the Danube’s water level. The shutdown would mark the plant’s first such closure in 44 years.

Energy & commoditiesHungaryPaks nuclear plantnuclear energyDanube

TTASSOriginal★★★☆☆2026-08-02 00:02

Paks nuclear plant in Hungary to shut down for first time in 44 years — Magyar

Growing like ‘gangbusters’: Can Taiwan sustain its economic momentum?

Taiwan’s economy is expanding at a striking pace, powered by US imports of artificial intelligence chips. The surge has lifted gross domestic product and strengthened the island’s momentum. Experts caution, however, that potential difficulties could emerge from Donald Trump and China. The durability of Taiwan’s growth therefore remains a concern.

Macro & central banksTrade & sanctionsTech & AITaiwan economyAI chipsUS tradeChina

AAl JazeeraOriginal★★★☆☆2026-08-01 23:15

Growing like ‘gangbusters’: Can Taiwan sustain its economic momentum?
Growing like ‘gangbusters’: Can Taiwan sustain its economic momentum?

Türkiye and Iraq sign one-year oil pipeline deal amid global shift

Türkiye and Iraq have signed a renewed one-year agreement covering oil flows through their pipeline. Officials confirmed that the arrangement will keep crude moving through the Iraq–Türkiye pipeline at a rate of 750,000 barrels per day. The deal comes as the global energy landscape undergoes a shift. It secures the continuation of a major cross-border crude route between the two countries.

Energy & commoditiesCompanies & industryTürkiyeIraqoil pipelineenergy

AAl JazeeraOriginal★★★☆☆2026-08-01 16:43

Türkiye and Iraq sign one-year oil pipeline deal amid global shift
Türkiye and Iraq sign one-year oil pipeline deal amid global shift

Caspian Pipeline Consortium continues receiving 100,000 tons of oil daily, ministry says

The Caspian Pipeline Consortium continues to receive oil from shippers and fill its storage tanks, Kazakhstan’s Energy Ministry reported. Since August 1, the volume arriving each day has stood at 100,000 tons. The ministry’s statement focused on the ongoing intake and did not describe any other changes to the transportation arrangements.

Energy & commoditiesoilCaspian Pipeline ConsortiumKazakhstan

TTASSOriginal★★☆☆☆2026-08-01 11:29

Caspian Pipeline Consortium continues receiving 100,000 tons of oil daily, ministry says

Innovation seen as key growth engine in first half of 2026

Innovation is being viewed as a key engine for growth in the first half of 2026. The assessment places innovation at the center of the period’s economic expansion. It highlights the role of new ideas and development in sustaining growth. No further details are provided.

Macro & central banksinnovationeconomic growthfirst half of 2026

CCGTNOriginal★★☆☆☆2026-08-01 10:55

Innovation seen as key growth engine in first half of 2026
Innovation seen as key growth engine in first half of 2026

Germany weighs the future of minijobs

Germany’s widely used minijob system allows millions of workers, including students, to avoid income tax and social security contributions. A reform is now being considered that could change this arrangement. If adopted, it may soon remove the financial advantage currently associated with minijobs. The debate puts the future of the system in focus.

Macro & central banksGermanyminijobstax policysocial security

DDWOriginal★★★☆☆2026-08-01 08:49

Germany weighs the future of minijobs
Germany weighs the future of minijobs

Europe’s average gas price rises 50% in July to $637 per 1,000 cubic meters

Europe’s average gas price climbed by half in July, reaching $637 per 1,000 cubic meters. Gas futures were trading at about $510 per 1,000 cubic meters on June 30. By the close of July 31, the futures price had risen to $709. The figures point to a sharp monthly increase across the European gas market.

Energy & commoditiesEuropenatural gasenergy prices

TTASSOriginal★★★★☆2026-08-01 04:20

Europe’s average gas price rises 50% in July to $637 per 1,000 cubic meters

ECB official warns climate crisis is growing threat to ‘core financial stability’

Frank Elderson, a member of the European Central Bank’s executive board, says the climate emergency and the breakdown of nature are posing a dramatically increasing risk to the global economy. As wildfires rage, he says the eurozone’s lender of last resort is intensifying its monitoring of financial dangers linked to the destruction of “ecosystem services”. These are nature-related processes or assets that support human activity. Elderson adds that more work is needed to assess the risks.

Macro & central banksclimate crisisfinancial stabilityEuropean Central Bankecosystem services

TThe GuardianOriginal★★★★☆2026-08-01 04:00

ECB official warns climate crisis is growing threat to ‘core financial stability’
ECB official warns climate crisis is growing threat to ‘core financial stability’

Petrol prices set to exceed $2 a litre as Bowen signals end of fuel relief

Petrol prices have risen above $1.90 a litre in every Australian capital city. Diesel is forecast to pass $2.40 a litre within days. The government’s 16-cent-per-litre discount is due to end on Sunday. The fuel-excise reduction was introduced at 32 cents a litre in March, when prices peaked, before being cut in half in July. Treasurer Jim Bowen has signalled that the relief will not continue, setting the stage for higher costs at the pump.

Macro & central banksEnergy & commoditiesAustraliapetrol pricesfuel excisecost of living

TThe GuardianOriginal★★★☆☆2026-08-01 02:22

Petrol prices set to exceed $2 a litre as Bowen signals end of fuel relief
Petrol prices set to exceed $2 a litre as Bowen signals end of fuel relief

Bessent ‘to-do’ list suggests US plans to buy $5bn-$10bn of Japanese yen

A handwritten list belonging to Treasury secretary Scott Bessent was visible during a cabinet meeting at Camp David. Photographed by a Reuters photographer, the note included an instruction to buy between $5bn and $10bn in Japanese yen. The disclosure has prompted questions about whether the United States is preparing such a purchase. The wording appeared on a notepad left in view during the part of the meeting open to journalists.

MarketsUS TreasuryJapanese yencurrency policy

TThe GuardianOriginal★★★☆☆2026-08-01 00:33

Bessent ‘to-do’ list suggests US plans to buy $5bn-$10bn of Japanese yen
Bessent ‘to-do’ list suggests US plans to buy $5bn-$10bn of Japanese yen

Wildberries CEO speaks after a week of Ukrainian warehouse strikes

Wildberries founder and CEO Tatiana Kim has spoken publicly after a week of strikes on the company’s warehouses in Ukraine. She claimed that Wildberries entrepreneurs in Russia and partner countries, including China and Kazakhstan, had suffered losses totaling “billions.” The specific monetary figure and further details of the strikes were not provided.

Companies & industryWildberriesUkraine strikeswarehousesbusiness losses

TThe Kyiv IndependentOriginal★★☆☆☆2026-08-01 00:11

Wildberries CEO speaks after a week of Ukrainian warehouse strikes
Wildberries CEO speaks after a week of Ukrainian warehouse strikes

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue

Indian conglomerate Adani generated almost $1bn from its Queensland coal operations over the past year but will pay no company tax. Accounts show the Carmichael thermal coal business offset $963.5m in revenue with substantial production and related-party logistics costs. The company consequently reported a $340.6m loss for the year, wiping out its tax liability. Adani had previously promised to contribute billions through taxes and royalties.

Macro & central banksEnergy & commoditiesCompanies & industryAdaniCarmichael coal minecompany taxQueensland

TThe GuardianOriginal★★★☆☆2026-08-01 00:00

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue
Adani to pay no company tax despite nearly $1bn in Queensland coal revenue

US imposes new tariffs over ‘forced labour’, affecting China and Taiwan

The United States has announced tariffs of 10% to 12.5% on 60 trading partners. It says the affected economies have failed to effectively block imports made through “forced labour”. The measure covers the European Union, Japan, Taiwan and China among others. The tariffs are due to take effect on Friday, 24 July.

Trade & sanctionsUS tariffsforced labourtrade partners

BBBC ChineseOriginal★★★★☆2026-07-24 04:45

US imposes new tariffs over ‘forced labour’, affecting China and Taiwan
US imposes new tariffs over ‘forced labour’, affecting China and Taiwan

China-Indonesia Investment Cooperation Holds Broad Potential, Official Says

Luhut Binsar Pandjaitan, chairman of Indonesia's National Economic Council, said recently that Indonesia will take measures to strengthen investor confidence. He described China's support and assistance as indispensable to the country. Pandjaitan also said that investment cooperation between Indonesia and China has broad prospects.

MarketsChinaIndonesiainvestment cooperation

CCGTNOriginal★★★☆☆2026-07-18 14:23

China-Indonesia Investment Cooperation Holds Broad Potential, Official Says
China-Indonesia Investment Cooperation Holds Broad Potential, Official Says
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