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A surprising trend suggests the US wealth gap may be narrowing

A notable pattern has emerged in Bank of America accounts over the past several months. The difference between wealthy and poor Americans appears to be getting smaller. The trend is described as surprising because it points toward a possible narrowing of the country’s wealth divide. The account data has drawn attention to a potential shift in the distribution of financial resources across the United States.

Macro & central banks Markets Banking & financeUS economywealth gapBank of America

CCNNOriginal★★★☆☆2026-08-10 11:01

A surprising trend suggests the US wealth gap may be narrowing

China Imposes Steep Levies on US Pecans Ahead of Xi-Trump Summit

China has ordered steep anti-dumping deposits on pecan imports from the United States and Mexico. The measure adds another point of friction to trade relations between Washington and Beijing. It comes only weeks before an expected summit involving President Donald Trump and Chinese leader Xi Jinping. The action could therefore weigh on the atmosphere surrounding the anticipated meeting.

Trade & sanctionsChinaUnited StatesTrade frictionPecans

BBloomberg NewsOriginal★★★★☆2026-08-10 11:00

China Imposes Steep Levies on US Pecans Ahead of Xi-Trump Summit

Agricultural exports from Ukraine fall 60% in early August — statistics

Statistics show that Ukraine’s agricultural exports fell by 60% in early August. Export revenue dropped 38.4%, declining from $326.9 million to $201.5 million.

Trade & sanctions Companies & industryUkraineagricultural exportsexport revenue

TTASSOriginal★★★☆☆2026-08-10 10:14

Agricultural exports from Ukraine fall 60% in early August — statistics

WorldIran’s demands to reopen Hormuz: A capitulation document?

Iran’s Revolutionary Guards said on Sunday that the Strait of Hormuz would remain closed until the United States met a list of demands. Those demands include compensation for war damages. The central question is whether the conditions amount to a surrender document for Washington. Dr H.A. Hellyer, a senior fellow in geopolitics, international security and Middle East studies at RUSI, joins the discussion to assess the position.

IranUnited StatesStrait of Hormuzdiplomacy

FFrance 24Original★★★★☆2026-08-10 10:13

Iran’s demands to reopen Hormuz: A capitulation document?

Trump Hints US Will Let Economic Pressure Work on Iran
President Donald Trump indicated that the United States is prepared to allow economic pressure on Iran to intensify instead of ordering new military strikes. He described the US position toward Tehran over the Strait of Hormuz as only “semi-negotiating.” His remarks point to an emphasis on economic leverage rather than an immediate fresh attack. The approach leaves pressure building while contact with Iran remains limited.
Donald TrumpIraneconomic pressureStrait of Hormuz
BBloomberg News★★★★☆2026-08-10 07:30Original
Morning Bid: Suddenly the Strait of Hormuz is ‘irrelevant’ to the US
Wayne Cole surveys the day ahead for European and global markets. The item highlights a sudden shift in how the United States views the Strait of Hormuz, describing the waterway as having become “irrelevant” to Washington. It frames that change as the central market-related development under consideration.
marketsUnited StatesStrait of Hormuz
RReuters★★☆☆☆2026-08-10 04:50Original
Trump signals shift to economic pressure on Iran after new military strikes
Donald Trump signals that the United States is shifting toward economic pressure on Iran following new military strikes. Washington is relying on sanctions and a naval blockade as key tools in the approach. Oil prices have stabilised, easing the economic burden on American consumers. The change points to a greater emphasis on restricting Iran through economic measures rather than relying solely on military action.
TrumpIraneconomic pressuresanctionsnaval blockade
AAl Jazeera★★★★☆2026-08-10 03:48Original
US ‘low-keying’ negotiations as Iran reshuffles key security posts
The United States and Iran appear to be modifying their respective positions as uncertainty persists over the future of their confrontation. Reopening the Strait of Hormuz remains a central obstacle in the negotiations. Iran is also reshuffling important security posts. The US is meanwhile pursuing a deliberately low-key approach to the talks.
US-Iran negotiationsIran security postsStrait of Hormuz
CCGTN★★★★☆2026-08-10 02:57Original

Multiple Chinese listed firms report receiving US tariff refunds

Several Chinese companies listed on stock exchanges say they have received refunds of US tariffs along with interest since early July. The payments come as the United States moves to return duties imposed under the International Emergency Economic Powers Act. The reports point to refunds tied to tariffs collected under that law.

Trade & sanctions Companies & industrytariff refundsUS-China tradelisted companies

CCGTNOriginal★★★☆☆2026-08-10 09:50

Multiple Chinese listed firms report receiving US tariff refunds

Egypt’s annual urban consumer inflation quickens to 14.9% in July

Egypt’s annual urban consumer inflation rose to 14.9% in July, according to the state statistics agency CAPMAS. The agency said the rate stood at 14.3% in June. The figures indicate that price growth in Egypt’s urban consumer market accelerated compared with the previous month.

Macro & central banks Companies & industryEgyptinflationconsumer prices

RReutersOriginal★★★☆☆2026-08-10 09:50

Egypt’s annual urban consumer inflation quickens to 14.9% in July

FOMO fuels Wall Street’s breakout rally as traders pile in

Fear of missing out is fueling a rush of buying across Wall Street. Measures from the options market are flashing some of their most bullish signals in years. Traders are piling into the market, helping drive a powerful breakout rally. The surge reflects rising concern among investors that they could miss further gains.

Markets Energy & commoditiesWall Streetstock rallyFOMO

RReutersOriginal★★☆☆☆2026-08-10 09:25

FOMO fuels Wall Street’s breakout rally as traders pile in

Yellow peaches from eastern China debut in Serbia

Beishan yellow peaches from Qingtian County in Zhejiang Province were shipped to Serbia on Friday. The shipment marks the first time yellow peaches grown in Zhejiang have been exported to the European country. The move opens a new overseas destination for the county’s fruit and highlights expanding agricultural trade between China and Serbia.

Trade & sanctionsyellow peach exportszhejiangserbia

CChina News ServiceOriginal★★☆☆☆2026-08-10 09:23

Yellow peaches from eastern China debut in Serbia

US July container imports rank fourth-highest on record, Descartes says

U.S. containerized goods imports reached the fourth-highest level ever recorded for July, according to Descartes Systems Group. Shippers accelerated deliveries as they sought to bring in merchandise before uncertain changes to U.S. tariffs. The supply chain technology provider said the rush ahead of potential tariff adjustments helped lift the month’s import total.

Trade & sanctionsUS importscontainer shippingtariff uncertainty

RReutersOriginal★★★☆☆2026-08-10 09:15

US July container imports rank fourth-highest on record, Descartes says

Kashgar-Khujand international passenger route adds flights

The international passenger route between Kashgar in northwest China’s Xinjiang Uygur Autonomous Region and Khujand, Tajikistan, is operating more frequently from Saturday. Kashi-Laining International Airport said the increase in service began that day. The change expands scheduled air links between the two cities. It concerns passenger flights on the cross-border route.

OtherKashgarKhujandinternational flights

CChina News ServiceOriginal★★☆☆☆2026-08-10 09:01

Kashgar-Khujand international passenger route adds flights

Rupee held steady by central bank, traders eye oil turmoil

The Indian rupee stayed within a narrow trading range on Monday. Expected intervention by the central bank helped limit the effect of higher oil prices and increased dollar demand linked to maturing contracts in the non-deliverable forwards market. Traders remained alert to further disruption from oil-price movements.

Macro & central banks Markets Energy & commoditiesIndian rupeecentral bank interventionoil prices

RReutersOriginal★★★☆☆2026-08-10 08:50

Rupee held steady by central bank, traders eye oil turmoil

Chinese company to launch regular container service to Europe via Northern Sea Route

A Chinese company plans to begin a regular container shipping service to Europe through the Northern Sea Route. The weekly service is expected to connect the two destinations in about 20 days. That would reduce the transit time by nearly half, according to the report. The move points to a new scheduled commercial shipping link along the route.

Trade & sanctions Companies & industryChinaEuropeNorthern Sea Routecontainer shipping

TTASSOriginal★★☆☆☆2026-08-10 08:46

Chinese company to launch regular container service to Europe via Northern Sea Route

Thermo Fisher targets 15%-20% growth in India customer base

Thermo Fisher Scientific expects its customer base in India to expand by 15% to 20% over the next five years. The head of the company’s India unit said the projection reflects the expanding biopharmaceutical research and manufacturing ecosystem. The company is betting that this growth will create additional demand for its products and services. Its outlook links customer expansion to the development of India’s biopharma sector.

Companies & industryThermo Fisher ScientificIndiabiopharmaresearch and manufacturing

RReutersOriginal★★☆☆☆2026-08-10 08:45

Thermo Fisher targets 15%-20% growth in India customer base

EconoScope: China’s ‘golden mega-ring’ signals the next phase of transport development

China plans to fully link three major national highways during the 15th Five-Year Plan period, running from 2026 to 2030. The project is expected to create a transport loop measuring 27,000 kilometers. It will extend along the country’s borders and eastern coastline, presenting a broad new stage in China’s transport development.

Macro & central banksChina transportnational highways15th Five-Year Plan

CChina News ServiceOriginal★★★☆☆2026-08-10 08:14

EconoScope: China’s ‘golden mega-ring’ signals the next phase of transport development

Russian stocks rise as main trading session opens

Russian stocks moved higher when the main trading session opened. The yuan also strengthened against the ruble, gaining 6.5 kopecks from the previous close. Its opening exchange rate was 12.304 rubles. The movement came as trading began in the Russian market.

MarketsRussian stocksyuanrublefinancial markets

TTASSOriginal★★☆☆☆2026-08-10 08:04

Russian stocks rise as main trading session opens

China to issue 6 billion yuan in sovereign bonds in Macao

China’s central government plans to issue 6 billion yuan worth of sovereign bonds in Macao on August 20. The Ministry of Finance and the Macao Special Administrative Region government announced the plan jointly on Monday. The bonds’ value is estimated at about 836.3 million U.S. dollars.

MarketsChinaMacaosovereign bonds

CChina News ServiceOriginal★★★☆☆2026-08-10 07:51

China to issue 6 billion yuan in sovereign bonds in Macao

Russia’s jet fuel production to rise 4% in August, stocks sufficient — ministry

Russia’s jet fuel output is expected to increase by 4% in August, according to the Energy Ministry. The ministry said stocks were at normal levels at the start of the month. It added that supplies could still be increased. The statement presents current reserves as sufficient while leaving room for further growth.

Markets Energy & commodities Companies & industryRussiajet fuelenergy stocks

TTASSOriginal★★☆☆☆2026-08-10 07:20

Russia’s jet fuel production to rise 4% in August, stocks sufficient — ministry

Aviation kerosene production in Russia at sufficient level — Energy Ministry
Russia’s Energy Ministry says aviation kerosene production is at a sufficient level. The ministry stated that the volume produced will cover the entire required level of consumption. Its statement presents domestic output as adequate for demand. No additional supply measure or shortfall was cited in the announcement.
Russiaaviation keroseneenergy production
TTASS★★★☆☆2026-08-10 06:28Original

China’s CPI rises 0.5% year on year in July

China’s Consumer Price Index increased 0.5% year on year in July, according to the National Bureau of Statistics. The rise was 0.5 percentage points lower than the increase recorded in June. Consumer prices therefore remained higher than a year earlier, although the pace of annual growth eased during the month.

Macro & central banks Companies & industryChina economyconsumer pricesinflation

CChina News ServiceOriginal★★★☆☆2026-08-10 07:04

China’s CPI rises 0.5% year on year in July

AI empowers cross-border e-commerce in Zhejiang

Artificial intelligence is reshaping cross-border e-commerce in Zhejiang Province in eastern China. The technology is strengthening the competitiveness of products, making manufacturing more efficient and changing how businesses market their goods. Together, these developments are giving companies new ways to participate in international online trade and improve their operations.

Tech & AIartificial intelligencecross-border e-commerceZhejiang

CChina News ServiceOriginal★★☆☆☆2026-08-10 05:58

AI empowers cross-border e-commerce in Zhejiang

How climate change’s hard reality hit Europe’s economy this summer

Europe’s sweltering heatwaves this summer have made climate change’s consequences harder to dismiss as a problem for future generations. They have brought attention to costly economic effects that can alter people’s lives. The impacts are presented as already having arrived, rather than as a distant risk. The extreme heat has therefore made the economic reality of climate change immediate for Europe.

Macro & central banksEuropeclimate changeheatwaveseconomic impact

RReutersOriginal★★★★☆2026-08-10 05:15

How climate change’s hard reality hit Europe’s economy this summer

China’s first 100-billion-cubic-meter offshore gas field reaches full production

The first phase of the Bozhong 19-6 gas field in the Bohai Sea has entered full production. CNOOC’s Tianjin branch announced that the project is China’s first gas field with reserves of 100 billion cubic meters. Daily oil and gas output has exceeded 5,200 metric tons of oil equivalent. The milestone marks expanded offshore energy production in China.

Energy & commodities Companies & industryoffshore gasBozhong 19-6energy production

CChina News ServiceOriginal★★★☆☆2026-08-10 05:12

China’s first 100-billion-cubic-meter offshore gas field reaches full production

China's first 100-billion-cubic-meter Bohai gas field begins production
The first phase of China’s Bozhong 19-6 gas field in the Bohai Sea has entered full operation, with daily oil and gas output exceeding 5,200 tonnes, CNOOC said. The field holds more than 200 billion cubic meters of proven natural gas reserves and has produced over 2.8 billion cubic meters. Drilling for its second phase has begun.
China energyBohai oil and gasnatural gas production
CCGTN★★★☆☆2026-08-10 03:17Original

Iran War: Is the middle class being pushed into poverty?

The war has deepened Iran’s economic crisis and put growing pressure on household finances. Businesses are also suffering as families struggle to manage tighter budgets. The situation is fueling fears that millions of middle-income households could be moving closer to poverty. The report focuses on the war’s impact on Iran’s middle class.

OtherIran wareconomic crisismiddle classpoverty

DDWOriginal★★★★☆2026-08-10 04:46

Iran War: Is the middle class being pushed into poverty?

Nearly 3,000 job seekers attend Chinese companies’ recruitment fair in Brazil

Nearly 3,000 people registered to seek work at the eighth Chinese Companies Recruitment Fair in Brazil. The event took place in São Paulo on Saturday. Thirty Chinese companies presented more than 440 available positions. The turnout highlights strong interest from Brazilian job seekers in opportunities offered by Chinese businesses operating in the country.

Companies & industryBrazilChinese companiesrecruitment fair

CChina News ServiceOriginal★★☆☆☆2026-08-10 04:21

Nearly 3,000 job seekers attend Chinese companies’ recruitment fair in Brazil

India’s FX Reserves Climb Toward Record on Foreign Inflows

India’s foreign-exchange reserves are moving closer to a record as overseas funds flow into the country. The stockpile has increased for five consecutive weeks. That is its longest uninterrupted advance since April 2025.

OtherIndiaforeign exchange reservesforeign inflows

BBloomberg NewsOriginal★★★☆☆2026-08-10 03:47

India’s FX Reserves Climb Toward Record on Foreign Inflows

Oil prices rise as Iranian demands cloud outlook for Strait of Hormuz

Brent crude prices moved higher as Tehran said the critical waterway would not reopen without major concessions from the United States. The demand has cast doubt over prospects for reopening the Strait of Hormuz. Uncertainty surrounding the passage is weighing on the outlook for oil markets. The development keeps attention focused on the standoff between Iran and the US.

Energy & commoditiesoil pricesIranStrait of Hormuz

AAl JazeeraOriginal★★★★☆2026-08-10 03:24

Oil prices rise as Iranian demands cloud outlook for Strait of Hormuz

Oil rises as uncertainty clouds Hormuz reopening
Oil prices moved higher on Monday as uncertainty persisted over whether the Strait of Hormuz would reopen soon. Iran said an agreement with Oman to establish new shipping lanes was nearing completion. Tehran nevertheless maintained that the United States must satisfy additional conditions. The timing of any reopening therefore remains unclear, keeping attention focused on the potential disruption to oil transport through the strait.
oil pricesStrait of HormuzIranOman
RReuters★★★★☆2026-08-10 02:40Original
Iran links reopening the Strait of Hormuz to US concessions
Iran says reopening the Strait of Hormuz depends on the United States making concessions on several demands. Tehran says it is not holding direct talks with Washington. It also says Iran will not initiate such talks while the US continues to breach an interim agreement signed in June. The position ties any renewed dialogue to compliance with that agreement.
IranUnited StatesStrait of Hormuzdiplomacy
RReuters★★★★☆2026-08-09 23:15Original
Iran sets tough terms for reopening Strait of Hormuz
Iran’s national security chief has presented demands that Washington must meet before Tehran will reopen the Strait of Hormuz. The conditions include ending the US naval blockade of Iranian ports, paying compensation for damage caused by the war and releasing Iranian assets that have been frozen. Separately, Iran and Oman say they are nearing an agreement on how to manage the strategic waterway. Further insight is provided by France 24’s international affairs editor.
IranStrait of HormuzUnited StatesOman
FFrance 24★★★★☆2026-08-09 14:59Original
MAJORMiddle East crisis live: Hormuz to remain closed until US accepts all Iranian conditions, Guards say
Iran’s Revolutionary Guards say the Strait of Hormuz will not reopen until the United States accepts Tehran’s conditions, including compensation for war damage. The force describes the strait as a theatre of war rather than merely a waterway and says the closure will continue until the enemy agrees to all demands. President Masoud Pezeshkian says this is the best moment for an agreement with Washington, portraying Iran as cohesive, powerful and victorious in the war. Oman condemns repeated attacks on vessels transiting the strait without assigning blame, while calling its shipping negotiations with Iran positive and constructive.
Strait of HormuzIranUnited StatesMiddle East crisis
TThe Guardian★★★★★2026-08-09 12:00Original
Iran, Oman near deal on Strait of Hormuz
Iran says negotiations with Oman on reopening the Strait of Hormuz are approaching their final stage. Tehran says reopening the waterway remains conditional on additional terms and compensation for what it describes as breaches of the June agreement. Its new demands include the lifting of a US naval blockade on the strait and Iranian ports, along with the withdrawal of US military forces from the area. Scott Lucas, a professor of international politics at University College Dublin’s Clinton Institute, provides further insight.
IranOmanStrait of HormuzUnited States
FFrance 24★★★★☆2026-08-09 11:33Original

Dollar hovers near two-month low as investors await U.S. inflation data

The U.S. dollar remained close to a two-month low against major currencies on Monday. Investors are waiting for inflation figures due later this week. They are looking for indications about the Federal Reserve’s future interest-rate direction. Expectations for that policy path are shaping currency trading.

Macro & central banks MarketsU.S. dollarinflationFederal Reserveinterest rates

RReutersOriginal★★☆☆☆2026-08-10 03:20

Dollar hovers near two-month low as investors await U.S. inflation data

Japan records first current account deficit in nearly 1-1/2 years

Japan posted a current account deficit in June, the first such shortfall in 17 months. Finance ministry data released on Monday showed that strong investment by overseas investors in domestic markets increased the amount of dividend payouts. The larger payments contributed to the return to deficit. The figures mark a reversal from Japan’s recent current-account position.

Macro & central banks MarketsJapan economycurrent accountoverseas investment

RReutersOriginal★★★☆☆2026-08-10 03:10

Japan records first current account deficit in nearly 1-1/2 years

Soybean trade drives China-U.S. farm ties

Soybeans were carried as ballast on return voyages from Asia to America about 200 years ago. The crop has since become a ballast of agricultural trade between China and the United States, helping sustain ties between the two countries’ farming sectors.

Energy & commodities Trade & sanctionsChina-U.S. relationssoybean tradeagriculture

CChina News ServiceOriginal★★☆☆☆2026-08-10 00:52

Soybean trade drives China-U.S. farm ties

China-CEEC cooperation opens doors

When the global financial crisis unfolded in 2008, Greece suffered some of its most severe effects. Piraeus Port, the country’s largest seaport, recorded a loss of 13 million euros, or 15 million dollars. Outdated facilities, limited vessel calls and repeated dockworker strikes pushed its operations into a deep crisis. The account presents the port’s difficulties as the backdrop to China-CEEC cooperation opening new opportunities.

Trade & sanctionsChina-CEEC cooperationGreecePiraeus Port

CChina News ServiceOriginal★★☆☆☆2026-08-10 00:47

China-CEEC cooperation opens doors

Asia stocks edge higher as Gulf uncertainty lifts oil prices

Asian stock markets moved higher on Monday, following Wall Street’s gains. A weaker U.S. jobs report reduced expectations of a near-term increase in borrowing costs. But peace talks in the Gulf showed little progress. The uncertainty surrounding those talks helped push oil prices modestly higher.

Markets Energy & commoditiesAsian stocksoil pricesGulf peace talks

RReutersOriginal★★★☆☆2026-08-10 00:40

Asia stocks edge higher as Gulf uncertainty lifts oil prices

Shein finds China still has no substitute after Vietnam manufacturing trial disappoints

Shein encouraged some of its largest Chinese suppliers to establish manufacturing bases in Vietnam. The effort was intended to expand the company’s production footprint outside China. Instead, the experiment failed to develop as planned. The experience has left Shein recognizing that China remains difficult to replace within its supply chain.

Trade & sanctions Companies & industrySheinChinaVietnamsupply chains

RReutersOriginal★★☆☆☆2026-08-09 23:25

Shein finds China still has no substitute after Vietnam manufacturing trial disappoints

India’s Maruti sees passenger vehicle market reaching up to 6.3 million units by 2031

Maruti expects India’s passenger vehicle market to expand to as many as 6.3 million units by 2031. The company links the projected growth to a recovery in demand for small cars and a stronger sport utility vehicle segment. Its outlook points to renewed interest in smaller vehicles alongside continued momentum in SUVs.

Companies & industryIndia auto marketMarutismall carsSUVs

RReutersOriginal★★☆☆☆2026-08-09 14:40

India’s Maruti sees passenger vehicle market reaching up to 6.3 million units by 2031

Chinese electric car sales surge to a record high in Europe

Imports of state-subsidised electric cars from China reached 172,000 in the year to May, representing 14% of the European market. Sales have been propelled by strong demand and low tariffs in the UK, alongside a sharp increase in Italian buyers. The figures come as Chinese manufacturers face claims that they are “dumping” subsidised vehicles into the EU and UK to expand their market share. They are likely to strengthen demands for quotas and higher tariffs aimed at shielding European carmakers.

Trade & sanctions Companies & industryChinese electric carsEuropean marketauto tradetariffs

TThe GuardianOriginal★★★★☆2026-08-09 14:30

Chinese electric car sales surge to a record high in Europe

'The wealthy poor': Soaring food prices hurt Iranian families

Iranian families across society are struggling as food prices surge. Rising inflation is adding to the pressure, while the effects of war are making their financial burden even heavier.

Macro & central banks Energy & commoditiesIranfood pricesinflation

AAl JazeeraOriginal★★★☆☆2026-08-09 13:23

'The wealthy poor': Soaring food prices hurt Iranian families

How the US Is Trying to End Solar Tariff Whack-a-Mole

The United States is introducing new trade measures aimed at keeping pace with changes in China’s solar supply chain. The effort seeks to address supply routes that keep shifting and curb the repeated adjustment of solar tariffs.

Energy & commodities Trade & sanctionsUnited StatesChinasolartariffs

BBloomberg NewsOriginal★★☆☆☆2026-08-09 11:30

How the US Is Trying to End Solar Tariff Whack-a-Mole

Italy’s Record-Low Po River Forces Farmers to Consider Switching Crops

Italy’s Po River has fallen to a record low, leaving farmers to consider whether they should change the crops they plan to grow. Massimo Salvagnin has seeds ready for planting, but remains uncertain about putting them in the ground. The unusually low river level is shaping an immediate decision about farm production. Salvagnin’s hesitation reflects the pressure facing growers as they assess what can be planted under current conditions.

OtherItalyPo Riveragriculturedrought

BBloomberg NewsOriginal★★☆☆☆2026-08-09 08:30

Italy’s Record-Low Po River Forces Farmers to Consider Switching Crops

Germany’s trade deficit with China widens as Beijing relies less on European industry

Germany’s trade deficit with China expanded during the first half of 2026, according to preliminary figures. China nevertheless remained Germany’s largest trading partner over the period. The figures were released on Sunday by Germany Trade & Invest, a state-run agency. They also point to Beijing becoming less reliant on European industry.

Macro & central banks Trade & sanctions Companies & industryGermanyChinatrade deficitEuropean industry

RReutersOriginal★★★☆☆2026-08-09 06:45

Germany’s trade deficit with China widens as Beijing relies less on European industry

Follow Bloomberg India on WhatsApp for exclusive content and analysis

Bloomberg India is inviting readers to follow it on WhatsApp. The channel promises exclusive content and analysis focused on what billionaires, businesses and markets are doing.

Companies & industryBloomberg IndiaWhatsAppbusinessmarkets

BBloomberg NewsOriginal★☆☆☆☆2026-08-09 05:30

Follow Bloomberg India on WhatsApp for exclusive content and analysis

Ghana’s cashew apples find a second life

Cashew apples that have long been left to rot in Ghana could become a new source of income for the country’s cashew farmers. The overlooked fruit is gaining attention for its potential to create additional economic value and support rural livelihoods.

OtherGhanacashewfarm income

AAl JazeeraOriginal★★☆☆☆2026-08-09 04:07

Ghana’s cashew apples find a second life

Ukraine could lose more than half of agricultural exports if ports stay idle

Ukraine could lose more than half of its agricultural exports if its ports remain inactive. The potential loss is estimated at around $11.5 billion. The warning links the export shortfall directly to the continued shutdown of the ports.

Trade & sanctionsUkraineagricultural exportsports

TTASSOriginal★★★☆☆2026-08-09 03:43

Ukraine could lose more than half of agricultural exports if ports stay idle

Putin: Russia built over 955 million square meters of housing in past decade

Vladimir Putin said Russia built more than 955 million square meters of housing over the past 10 years. The Russian leader added that the necessary infrastructure has been developing alongside the construction of new homes.

Macro & central banks Real EstateRussiahousing constructioninfrastructure

TTASSOriginal★★★☆☆2026-08-09 02:42

Putin: Russia built over 955 million square meters of housing in past decade

China’s producer inflation slows in July, below expectations

Official data showed that China’s producer prices increased for a fifth consecutive month in July. The pace of growth nevertheless slowed and fell short of expectations. Consumer-price inflation also cooled during the month. The data came as global energy prices declined despite tensions between the United States and Iran.

Macro & central banksChina economyproducer pricesinflation

RReutersOriginal★★★☆☆2026-08-09 01:50

China’s producer inflation slows in July, below expectations

EU now faces self-made energy crisis, Russian fund chief says

Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, said the European Union is now facing an energy crisis of its own making. He stressed that the main reason for the crisis is the bloc’s refusal to buy Russian gas. His remarks place the responsibility for Europe’s energy difficulties on its decision to reject those supplies.

Energy & commoditiesEuropean Unionenergy crisisRussian gas

TTASSOriginal★★★★☆2026-08-08 22:23

EU now faces self-made energy crisis, Russian fund chief says

Fintech That Soared on Trump Sells Core Business for $12 Million

A little-known fintech company surged into the spotlight after signing a deal last year with the Trump family’s crypto platform. The agreement helped push its market value above $1 billion. The company has now sold its core business for roughly $12 million. The sale marks a sharp contrast with the valuation it briefly achieved after the deal.

Crypto Banking & finance Companies & industryfintechTrump familycryptocurrencybusiness sale

BBloomberg NewsOriginal★★☆☆☆2026-08-08 17:30

Fintech That Soared on Trump Sells Core Business for $12 Million

Serbia and Ukraine pledge closer economic ties, eye free trade deal

Serbia says it will help rebuild Ukrainian cities and provide aid as cooperation between the two countries deepens. The partners are also looking toward a possible free trade deal. Their commitments point to broader economic ties alongside continued assistance for Ukraine. The announcement frames the relationship as expanding through both reconstruction support and trade discussions.

Macro & central banks Trade & sanctions Companies & industrySerbiaUkraineeconomic cooperationfree trade

AAl JazeeraOriginal★★★☆☆2026-08-08 17:05

Serbia and Ukraine pledge closer economic ties, eye free trade deal

Trump and Warsh Talk About the Economy ‘All the Time,’ Hassett Says

President Donald Trump and Federal Reserve Chairman Kevin Warsh frequently discuss the economy, National Economic Council Director Kevin Hassett says. Hassett characterizes their conversations as happening “all the time.” His remarks center on the regular economic discussions between Trump and Warsh. No policy decision or additional economic measure is identified in the statement.

Macro & central banksDonald TrumpKevin WarshUS economy

BBloomberg NewsOriginal★★★☆☆2026-08-08 14:30

Trump and Warsh Talk About the Economy ‘All the Time,’ Hassett Says

Coffee Drinkers Pay $32 for a Single Cup and a Side of Luxury

A luxury coffee chain expanding across Manhattan is testing whether customers will pay $32 for an 8-ounce cup. The company is betting that this willingness to spend extends beyond New York to consumers in Los Angeles and Chicago. Its offering pairs a single serving of coffee with an upscale experience. The move reflects an effort to make premium coffee a luxury purchase.

Companies & industrycoffeeluxury spendingManhattan

BBloomberg NewsOriginal★★☆☆☆2026-08-08 14:00

Coffee Drinkers Pay $32 for a Single Cup and a Side of Luxury

US tech firms gain from historic investment surge as West Coast unemployment remains high

The Bank for International Settlements says America’s technology companies are benefiting from the largest investment surge in history. Many of those firms are headquartered on the West Coast. Yet unemployment across the region is among the highest in the United States. The contrast highlights a gap between booming technology investment and weak regional employment conditions.

Macro & central banks Markets Companies & industry Tech & AIUS technologyinvestmentWest Coastunemployment

CCNNOriginal★★☆☆☆2026-08-08 13:30

US tech firms gain from historic investment surge as West Coast unemployment remains high

Africa seeks more homegrown solar power, but China’s influence persists

Africa’s largest economies are stepping up efforts to build domestic solar manufacturing capacity. The push is intended to strengthen self-reliance in the energy sector. Yet China’s presence and influence remain a significant factor as African countries pursue greater control over solar production.

Energy & commodities Companies & industryAfricasolar manufacturingenergy self-relianceChina

TThe Associated PressOriginal★★★☆☆2026-08-08 12:00

Africa seeks more homegrown solar power, but China’s influence persists

India warns Diageo over misleading ‘matured in American oak casks’ whisky claim

India’s food safety regulator has warned liquor giant Diageo over the wording used for one of its best-selling whiskies. A confidential government notice says the company misleadingly claimed the whisky was “matured in American oak casks.” Most of the product, the notice indicates, had not actually been matured. The warning challenges the accuracy of the product’s marketing claim.

OtherIndiaDiageowhiskyfood regulation

RReutersOriginal★★★☆☆2026-08-08 11:50

India warns Diageo over misleading ‘matured in American oak casks’ whisky claim

Trump’s Homegrown Solar Push Risks Widening Green Energy Divide

President Donald Trump’s latest effort to shun foreign solar equipment is tied to his campaign to restore US manufacturing strength. The move is intended to build up domestic production capacity. At the same time, it could deepen the rapidly growing divide in green technology between the United States and the rest of the world.

Energy & commodities Companies & industryDonald TrumpUS manufacturingsolar powergreen technology

BBloomberg NewsOriginal★★★☆☆2026-08-08 10:30

Trump’s Homegrown Solar Push Risks Widening Green Energy Divide

Germany eases trucking rules as low rivers hamper freight shipping

Several German states are allowing trucks to use motorways on Sundays and public holidays. The measure comes as low water levels disrupt freight shipping. It is intended to help maintain the movement of goods while waterways are difficult to navigate. Separately, the body of a German sailor who had been missing for several days was found in the southern Aegean. DW reported on both developments.

Trade & sanctionsGermanylow water levelsfreight shippingtrucking rules

DDWOriginal★★★☆☆2026-08-08 10:01

Germany eases trucking rules as low rivers hamper freight shipping

US announces $400m investment in Australian rare earth mine

The United States has announced a $400m investment in an Australian rare earth mine. The deal is intended to secure supplies of scandium. It comes as China restricts exports of the material for defence products.

Markets Energy & commoditiesUnited StatesAustraliarare earthsscandium

AAl JazeeraOriginal★★★☆☆2026-08-08 09:30

US announces $400m investment in Australian rare earth mine

TPG-Backed Firm Seals Blue Carbon Investment Deal With Indonesia

Rubicon Carbon, backed by TPG Inc.’s Rise Climate fund, will provide financing for carbon credit projects in Indonesia. The Southeast Asian nation is seeking to accelerate the supply of carbon credits. It is also pursuing trading agreements with other countries. The deal centers on investment in blue-carbon projects as Indonesia develops its carbon market.

Markets Energy & commodities Companies & industryblue carboncarbon creditsIndonesiainvestment

BBloomberg NewsOriginal★★☆☆☆2026-08-08 09:00

TPG-Backed Firm Seals Blue Carbon Investment Deal With Indonesia

India wary of potential 100% US tariffs over Russian oil

The US Senate has passed a bill imposing sanctions on Russia. The measure could lead to tariffs on India, which is a major consumer of Russian oil. India is therefore wary of the possibility of US tariffs reaching 100%.

Energy & commodities Trade & sanctionsIndiaUS tariffsRussian oil

DDWOriginal★★★★☆2026-08-08 08:25

India wary of potential 100% US tariffs over Russian oil

Trump Tariffs ‘Tortuous’ for Soybean Trade, Chinese Diplomat Says

A Chinese diplomat said Friday that US President Donald Trump’s trade war with China created a “tortuous experience.” The diplomat said the conflict disrupted soybean flows between the world’s two largest economies. The remarks characterize the trade war as a direct impediment to soybean commerce. They focus on the disruption of agricultural trade between the United States and China.

Energy & commodities Trade & sanctionsTrump tariffsUS-China trade warsoybean trade

BBloomberg NewsOriginal★★★★☆2026-08-08 08:00

Trump Tariffs ‘Tortuous’ for Soybean Trade, Chinese Diplomat Says

An Inside Look at the Forces Reshaping Japan

The latest edition of Next Japan offers an inside view of the forces reshaping the country. It examines what may lie ahead for Japanese businesses, markets and consumers. Readers are invited to access the new edition and subscribe to the publication for further coverage of Japan’s changing landscape.

Companies & industryJapanbusinessesmarketsconsumers

BBloomberg NewsOriginal★☆☆☆☆2026-08-08 07:00

An Inside Look at the Forces Reshaping Japan

The $5 Billion Cosmetics Company Behind the High-Flying Rhode Brand

E.L.F. Beauty’s chief executive, Tarang Amin, still appears highly pleased after the company’s most talked-about acquisition to date. He has now been in the role for 12 years. The story examines the $5 billion cosmetics company behind the high-flying Rhode brand and the significance of its latest deal.

Companies & industrycosmeticsacquisitionRhode brand

BBloomberg NewsOriginal★★☆☆☆2026-08-08 06:30

The $5 Billion Cosmetics Company Behind the High-Flying Rhode Brand

Trump Touts $3 Billion in Minerals Projects to Counter China

President Donald Trump promoted $3 billion in US investments in critical-minerals mining during a Friday meeting with senior industry executives. The gathering focused on reducing America’s reliance on supply chains dominated by China. Trump presented the projects as part of an effort to expand domestic mining and strengthen the US position in critical minerals. The initiative is aimed at weaning the country away from China-led supply networks.

Markets Trade & sanctionsDonald Trumpcritical mineralsUS investmentChina supply chains

BBloomberg NewsOriginal★★★☆☆2026-08-08 06:00

Trump Touts $3 Billion in Minerals Projects to Counter China

Canada Races to Reach Deal Before Trump’s 50% Tariff Escalates Feud

Canadian negotiators are racing to reach an agreement with the United States before Aug. 19. President Donald Trump has threatened 50% tariffs on a broad range of goods. Canada is warning that imposing the levies would push the trade dispute into an ugly new phase. The deadline is adding urgency to the talks as both sides confront the threat of a sharper confrontation.

Trade & sanctions Companies & industryCanadaUnited Statestrade talkstariffs

BBloomberg NewsOriginal★★★★☆2026-08-08 05:00

Canada Races to Reach Deal Before Trump’s 50% Tariff Escalates Feud

Canada Races for Trade Deal to Avoid Tariffs, but Also Issues Warning
Canada is moving quickly to secure a trade deal in an effort to avoid tariffs. At the same time, it has issued a warning. The item also points to a surprise hiring spree, without providing further detail on its scope or significance.
Canadatrade dealtariffs
BBloomberg News★★★☆☆2026-08-08 04:30Original

Trump Media Ends Token and Prediction Market Deals With Crypto.com

Trump Media & Technology Group ended its agreement with Crypto.com on Friday, a year after the companies had agreed to create a digital treasury company. That venture was intended to purchase billions of dollars’ worth of Crypto.com’s CRO token. The companies also abandoned a plan to offer prediction-market contracts through the Truth Social network.

Crypto Companies & industryTrump Mediacryptocurrencyprediction markets

BBloomberg NewsOriginal★★☆☆☆2026-08-08 03:30

Trump Media Ends Token and Prediction Market Deals With Crypto.com

Ukraine’s 2026 budget deficit projected to hit record 35% of GDP

Ukraine’s budget deficit is expected to reach a record level in 2026, amounting to 35% of gross domestic product. The projected shortfall is set to exceed $70 billion.

Macro & central banksUkrainebudget deficiteconomy

TTASSOriginal★★★☆☆2026-08-08 03:13

Ukraine’s 2026 budget deficit projected to hit record 35% of GDP

Brazil Treasury Seeks to Ease Fears of Foreign Bond Sales Surge

Brazil’s government is asking Congress for room to maneuver in international debt markets, not preparing for a flood of overseas bond sales. The Treasury is seeking authorization to issue as much as $35 billion annually in global markets. Treasury Secretary Daniel Leal said in an interview that the request is about flexibility. He sought to reassure investors that it should not be read as a plan for a major wave of foreign borrowing.

Markets Companies & industryBrazilTreasuryforeign bondsglobal markets

BBloomberg NewsOriginal★★★☆☆2026-08-08 03:00

Brazil Treasury Seeks to Ease Fears of Foreign Bond Sales Surge

Some Chinese Iron Ore Buyers Stop Dealing With Radiant World

Several Chinese traders and steel mills have stopped doing business with iron ore traders Radiant World and Sapphire Minmetals Corp., people familiar with the matter said. The move involves multiple buyers in China’s iron ore trade. The people did not provide a reason for the halt or say how long it may last.

Energy & commodities Trade & sanctions Companies & industryChinairon oretradesteel

BBloomberg NewsOriginal★★☆☆☆2026-08-08 00:30

Some Chinese Iron Ore Buyers Stop Dealing With Radiant World

US to Partially Restart Activities in Mexico’s Avocado Hub

The United States will partially resume activities in Michoacan, Mexico’s leading avocado-producing state. The U.S. embassy said on Friday that the move eases a suspension imposed over security concerns. The pause had disrupted inspections of avocado exports. Michoacan has been affected by persistent violence, making security a central concern for the inspection process.

Trade & sanctionsUnited StatesMexicoMichoacanavocado exports

RReutersOriginal★★★☆☆2026-08-08 00:10

US to Partially Restart Activities in Mexico’s Avocado Hub

Ambassador: Russia and Pakistan working to launch first rail cargo route

Russia and Pakistan are working toward launching their first rail cargo route, according to Ambassador Albert Khorev. He said the project is being developed as an opportunity to strengthen rail freight links between the two countries. The possibility of involving Belarus is also under consideration. Work on the proposed route is continuing. No further details about its schedule or design were provided.

Trade & sanctionsRussiaPakistanrail freight

TTASSOriginal★★☆☆☆2026-08-07 23:58

Ambassador: Russia and Pakistan working to launch first rail cargo route

AI Debt Indigestion Forces Wall Street to Rethink Bond Sales

BlackRock sought to raise billions in debt financing for a Meta Platforms data center. The asset manager wanted to avoid investors seeking a quick profit. The difficulty surrounding AI-related debt is now forcing Wall Street to reconsider how bond sales are structured and marketed.

Macro & central banks Markets Companies & industry Tech & AIAI debtbond salesBlackRockMeta data center

BBloomberg NewsOriginal★★☆☆☆2026-08-07 23:30

AI Debt Indigestion Forces Wall Street to Rethink Bond Sales

Early SpaceX Bet Brings 30% Gain to University of North Carolina Endowment

The University of North Carolina’s endowment management company first invested in SpaceX more than 15 years ago. That early position has since produced a 30% gain for the college endowment. The investment highlights the financial result of backing the space company at an early stage.

Marketscollege endowmentSpaceXinvestment gain

BBloomberg NewsOriginal★★☆☆☆2026-08-07 23:00

Early SpaceX Bet Brings 30% Gain to University of North Carolina Endowment

Mexico launches major clean energy expansion

Mexico has launched a major expansion of clean energy. The move signals a broad effort to increase the scale of clean-energy development in the country. It marks a significant step in Mexico’s energy sector. The initiative is presented as a substantial push toward cleaner power.

Energy & commoditiesMexicoclean energyenergy expansion

CCGTNOriginal★★★☆☆2026-08-07 22:34

Mexico launches major clean energy expansion

Trump Says Rates Should Fall, but It’s Not Entirely Up to Warsh

President Donald Trump again said he favors lower interest rates. He also acknowledged that the decision does not rest solely with the central bank chief. Trump’s comments were notably softer than the sharp attacks he had directed at Federal Reserve Chairman Kevin Warsh’s predecessor. The remarks suggest continued pressure for easier monetary policy, while recognizing that the rate-setting authority is not controlled by one person alone.

Macro & central banksDonald Trumpinterest ratesFederal Reserve

BBloomberg NewsOriginal★★★☆☆2026-08-07 21:30

Trump Says Rates Should Fall, but It’s Not Entirely Up to Warsh

Oil Tankers List Egypt and Suez to Conceal Saudi Red Sea Loadings

Tankers heading into the Red Sea to take on Saudi oil are increasingly identifying Egypt and the Suez Canal as their destinations instead of Saudi ports. The practice is intended to reduce the risk of being targeted by the Houthis. Their signaling therefore masks the vessels’ actual plans to load oil in Saudi Arabia, highlighting the security pressures affecting Red Sea shipping.

Energy & commodities Trade & sanctionsSaudi oilRed Sea shippingSuez CanalHouthis

BBloomberg NewsOriginal★★★★☆2026-08-07 21:00

Oil Tankers List Egypt and Suez to Conceal Saudi Red Sea Loadings

EXCLUSIVE: Trump administration to back three mineral projects with $58 million in financing

The U.S. Export-Import Bank is providing $58 million in loans to three critical-mineral companies, according to a document seen by Reuters. The financing is part of President Donald Trump’s effort to reduce the country’s dependence on Chinese supplies. It also aims to strengthen American mining and processing capacity. The arrangement places federal support behind domestic critical-mineral projects.

Trade & sanctions Banking & financeTrump administrationcritical mineralsU.S. Export-Import BankChina supply chain

RReutersOriginal★★★☆☆2026-08-07 19:10

EXCLUSIVE: Trump administration to back three mineral projects with $58 million in financing

Soft July jobs report fuels skepticism over possible Fed rate hike

The U.S. economy unexpectedly lost jobs in July. Nonfarm payrolls for the previous month were also revised sharply downward. The weaker labor-market picture could raise questions about whether the Federal Reserve will lift interest rates next month.

Macro & central banks Energy & commodities Companies & industryUS economyjobs reportFederal Reserveinterest rates

RReutersOriginal★★★☆☆2026-08-07 18:05

Soft July jobs report fuels skepticism over possible Fed rate hike

US labour market sheds jobs in July as participation rate slumps
The US labour market lost 23,000 jobs in July. Education, government and retail were among the sectors reporting significant declines. Labour force participation also fell sharply. The figures point to a weaker employment picture during the month.
US jobslabour marketemployment
AAl Jazeera★★★☆☆2026-08-07 16:25Original
Key Takeaways From the US Jobs Report for July
The US employment report for July was released on Friday. The report highlights the main points from the latest employment data. The takeaways focus on the state of employment in the United States.
US jobsemployment reporteconomic data
BBloomberg News★★★☆☆2026-08-07 15:40Original

Russian stock market ends week lower as major indices decline

Russia’s stock market finished the week lower, with its major indices declining. The yuan edged up by 0.16 rubles to reach 12.24 rubles.

MarketsRussian stock marketmarket indicesyuan exchange rate

TTASSOriginal★★☆☆☆2026-08-07 17:38

Russian stock market ends week lower as major indices decline

Walmart Addresses a Cart Issue Few Customers May Have Noticed

Walmart has addressed an issue involving its shopping carts. The matter may have escaped the notice of most customers. Large consumer companies have been discussing everyday problems that are important to keeping their businesses running. The cart issue is presented as one of those operational concerns.

Companies & industryWalmartshopping cartsconsumersretail

BBloomberg NewsOriginal★★☆☆☆2026-08-07 17:30

Walmart Addresses a Cart Issue Few Customers May Have Noticed

Bank of Russia raises official dollar rate to 82.17 rubles for August 8–10

The Bank of Russia set the official dollar exchange rate at 82.17 rubles for August 8–10. The official euro rate was also increased by 77.81 kopecks, reaching 94.8366 rubles. The changes apply to the specified three-day period.

Macro & central banks MarketsBank of Russiaexchange ratesUS dollareuro

TTASSOriginal★★☆☆☆2026-08-07 17:05

Bank of Russia raises official dollar rate to 82.17 rubles for August 8–10