Russia’s Economic Development Ministry says the country’s GDP increased at an annualized rate of 0.6% in the first half of the year. It attributes second-quarter growth to robust domestic demand. The ministry also points to positive results across several sectors of the real economy as a factor behind the expansion.

Russia economyGDPeconomic growth

Russia’s Federal State Statistics Service has made a preliminary estimate that the country’s gross domestic product grew by 1.3% in the second quarter of 2026. The expansion was driven mainly by higher retail trade turnover, food-service turnover and freight turnover. The figure remains preliminary.

Russia economyGDPeconomic growth

Goldman Sachs Group Inc. plans to acquire Neos Investments for as much as $2.25 billion. The purchase will broaden the reach of Goldman’s asset-management business in the actively managed exchange-traded fund market.

Goldman SachsNeos InvestmentsETFsasset management

Tata Group chairman N Chandrasekaran says he will not seek another term when his tenure ends in February. He attributes the decision to a lack of support from the Tata Sons board. His departure will bring his period as chairman to an end at the close of his current term.

Tata Groupcorporate governanceleadership change

N. Chandrasekaran, chairman of India’s Tata Sons, said on Wednesday that he had resigned. He cited the board’s failure to approve his reappointment as the reason for his departure. The resignation comes amid tensions with the charity arm that controls the Tata Group, whose businesses range from salt to aviation.

Tata Groupchairman resignationcorporate governance

Shares of Tata Group companies extended their decline on Wednesday, falling as much as 4%. The selling followed the resignation of N. Chandrasekaran as chairman of Tata Sons. His departure sparked a selloff across the conglomerate’s listed companies, sending their stocks lower. The market reaction spread beyond the parent company to other publicly traded Tata businesses.

Tata Groupchairman resignationIndian stocks

India’s Tata Sons Chairman N. Chandrasekaran has stepped down, according to a source directly familiar with the matter. The source said he will nevertheless remain in place until his current term ends. No reason for the resignation or details about a successor were provided.

Tata Sonscorporate governanceIndia

US consumer prices rose as expected in July. The data could weaken the case for the Federal Reserve to raise interest rates next month.

US inflationFederal Reserveinterest rates

The United States released its consumer price index on the 12th. Prices rose 3.4% last month from the same month a year earlier. Although the increase remains high, the rate of growth was 0.1 percentage point lower than in the previous month. The slowdown may reduce expectations of an early interest-rate hike and could affect exchange rates and stock prices.

United Statesconsumer pricesinflationinterest rates

Annual inflation in the United States fell to 3.4% in July. The slowdown in food costs helped pull overall price growth lower. Housing expenses continued to keep prices somewhat higher, however. Inflation therefore eased without fully losing the upward pressure from housing.

US inflationfood costshousing costs

The International Energy Agency expects global oil supply to fall by 4.3 million barrels per day in 2026. Its estimates show that worldwide supply increased by 2.4 million barrels per day in July, reaching 101.5 million barrels per day. Gulf countries continued restoring oil production, contributing to the monthly rise.

oil supplyIEAGulf countries

The International Energy Agency lowered its 2026 global oil demand forecast, citing the continued closure of the Strait of Hormuz and high fuel prices. It now expects demand to fall by 1.6 million barrels per day, while oil supply is projected to drop by 4.3 million barrels per day as hostilities and maritime disruptions hinder recovery.

oil marketStrait of HormuzIEAfuel prices

US inflation eased for a second consecutive month, with gas prices putting less pressure on consumers. Despite that moderation, concerns about the cost of living have not disappeared. Some household expenses continue to weigh on people as inflation cools. The report presents the slowdown alongside persistent affordability worries.

US inflationgas pricescost of living

Russia has received its first shipment of gasoline from India as the country faces fuel shortages. Bloomberg reported the delivery, citing data from the Kpler service. The shipment marks the start of gasoline supplies from India to Russia. No details were provided on the size of the shipment or any future deliveries.

RussiaIndiagasolinefuel shortages