US Set to Pay Most for 30-Year Debt in a Quarter Century
The US government sold 30-year bonds at the highest interest rate seen in 25 years, underscoring investors’ demand for greater compensation to fund the country’s widening deficit.
The US government sold 30-year bonds at the highest interest rate seen in 25 years, underscoring investors’ demand for greater compensation to fund the country’s widening deficit.
Armenia and Russia agreed in Almaty to intensify food safety cooperation, including discussions on lifting restrictions affecting Armenian shipments to Russia and transit through Russian territory. The countries will strengthen coordination between Armenia’s Food Safety Inspection Body and Russia’s Rosselkhoznadzor. Russia had previously restricted imports of various Armenian goods over safety violations.
Private equity firm Silver Lake is discussing a possible acquisition of Workday, according to people familiar with the matter. With Workday valued at about $43 billion, the deal would be among the largest software buyouts ever.
Presidential aide Igor Levitin says China and India have proposed cooperating with Russia to build a merchant icebreaker fleet, followed by localized production in Russia, to support maritime transit through the Russian Arctic. He says foreign partners are needed because Russia is not yet ready for shipbuilding on such a scale.
Greek politician and former energy minister Panagiotis Lafazanis says the EU’s decision to fully halt Russian LNG and pipeline-gas supplies by 2027 reflects panic and will economically ruin Greece and the bloc. He condemns the measure as authoritarian and says it will push the EU toward more expensive US gas and LNG.
A Canadian government source with direct knowledge of the trade talks said negotiations with the United States were progressing well and that Washington also wanted an agreement before a new U.S. tariff deadline on Aug. 19.
New York City brokers are charging clients thousands of dollars for early access to newly listed apartments, giving them a chance to move first on the city’s best deals.
US Secretary of War Pete Hegseth said the Navy could sustain an indefinite blockade of Iran by rotating ships. The United States and Israel launched military operations against Iran on February 28; after a June cessation-of-hostilities memorandum, Washington resumed large-scale strikes on July 8, accusing Tehran of violating terms related to the Strait of Hormuz.
The United States has enough military assets to sustain a naval blockade of Iranian ports for an unlimited period, Defense Secretary Pete Hegseth said Thursday. He said ships could be cycled into and out of the region as circumstances require.
With the U.S.-Iran war dragging on and no end in sight, oil traders and policymakers are confronting a critical question: whether global oil stocks can sustain the market through another six months of conflict.

Iran says the Strait of Hormuz is under its management and control, rejecting President Donald Trump’s claim that the United States has “total control” of the waterway. Iranian officials said vessels need Tehran’s permission to transit and that the strait will not reopen unless the US meets commitments under an interim deal.

Iran on Thursday rejected Donald Trump’s claim that Washington controlled the Strait of Hormuz as “lies and fabrications.” Ebrahim Zolfaghari, spokesperson for Iran’s central military command, said the waterway was fully under Tehran’s control. Trump had said a day earlier that the US had “total control” of the strait.
Ebrahim Zolfaghari, a spokesman for Iran’s armed forces headquarters, said Iran has full control of the Strait of Hormuz. Iranian television quoted him as saying that no commercial ship or tanker can safely pass without permission and supervision from Iran’s armed forces. Donald Trump said the previous day that the US had “total control” of the strait.

The US and Iran remain locked in a standoff over the Strait of Hormuz while mediators try to revive talks. Iran rejects Washington’s claim of control and says the waterway will stay closed until its demands on US aggression, reparations and sanctions are met. Shipping has fallen to a one-week low as Iran restricts passage, while the US maintains a naval blockade around Iranian ports.
President Donald Trump has repeatedly claimed that the United States controls the Strait of Hormuz. Iran says it will not fully reopen the strait until Washington meets its conditions, while experts say the situation is much more complicated than Trump’s proclamation suggests.
Detroit automakers plan to tell the Trump administration that its proposed changes to the North American trade deal could cost the companies billions of dollars and weaken their competitiveness against foreign rivals.
Greek politician Panagiotis Lafazanis said the Vertical Corridor intended to move gas from Greece through several European countries to Moldova and Ukraine is not operating in practice. He attributed the difficulties to growing political and economic opposition, and said his party would campaign to lift bans on Russian gas imports.
People who bought goods from overseas vendors last year may want to check their bank accounts, as tariff refunds are now being passed along through shippers.
Gazprombank Autoleasing told TASS that new hybrid-car sales in Russia rose 112% year on year in July to 14,100 units, up 48% from June. Plug-in electric vehicles reached an 11.7% market share. The Geely EX5 hybrid crossover led sales with 2,600 units. An expert said fuel problems boosted demand, but the segment’s rapid growth may be ending.
Rebuilding Wildberries warehouses and other infrastructure damaged in Ukrainian drone attacks is estimated to cost 147–223 billion rubles, potentially rising to 169–278.9 billion if buildings must be demolished and sites cleared. Combined losses for the retailer and sellers could reach 600–800 billion rubles. More than 400,000 sellers were affected, with some losing up to 95 percent of their inventory.
Revenue from Disney’s parks and cruise businesses rose 10% from a year earlier in the latest quarter, marking their strongest increase in two years.
Australia’s buy now, pay later sector is slowing after rapid expansion. At least eight platforms have exited since 2022, while 2025 reforms requiring credit checks have made instant approvals less appealing. New BNPL account applications fell 35% year on year, though Afterpay, Klarna, PayPal and Zip remain major operators.

India is prepared to cooperate with Russia on developing the Northern Sea Route and expanding collaboration in shipbuilding and ship repair, according to Venkatesapathy Sivaperumal, a joint secretary at India’s Ministry of Ports, Shipping and Waterways. He said engines and hulls for modern merchant vessels could be built in India.
Columbia historian Adam Tooze argues that the “China squeeze” narrative rests on counterfactual assumptions and a universal model of development rather than observed economic realities. He says domestic factors such as infrastructure, regulation, labor markets and political choices also shape manufacturing prospects. Chinese Foreign Ministry spokesperson Mao Ning likewise rejected the concept as inconsistent with the facts.

Ukraine damaged Russia’s grain export terminals in an attack on the port of Novorossiysk, while Russia struck grain infrastructure in Ukraine’s Odesa region. The tit-for-tat attacks between major global grain exporters threaten food security in import-dependent countries on the brink of famine.

Sergey Rybalko of the All-Ukrainian Agrarian Council says the halt in maritime transport has left farmers unable to sell their harvest or secure funds for seasonal work. Ukraine’s agricultural exports could fall from more than 4 million tons a month to 2-2.5 million, and possibly 500,000 tons next month. Storage capacity could be exhausted by October, putting over 9 million tons of grain and oilseeds at risk.
Wholesale inflation fell last month as gas prices gave back part of their Iran war-driven surge and other costs cooled as well, suggesting consumer inflation may gradually ease in the months ahead.
A new study finds that extraordinary compensation deals for Elon Musk have paved the way for chief executives at other S&P 500 companies to secure enormous pay packages.
Gazprom says gas reserves in European underground storage facilities are 13.4 billion cubic meters below last year’s level, with replenishment proceeding extremely slowly. The gap has widened by 1.4 billion cubic meters since the start of August. In the Baltics, withdrawals from the Incukalns facility have continued since August 3, leaving it 45.5% full.
Norway’s $2.3 trillion sovereign wealth fund is voicing concern over what it sees as a continuing weakening of shareholder rights in major markets. It warns that regulation is increasingly favouring company founders and insiders over independent investors.
India could become the main buyer of Arctic LNG shipped through the Northern Sea Route, Arctic Development Project Office official Yekaterina Serova said. She said the route’s cargo mix matches India’s demand, with LNG accounting for more than a third of traffic.
MSCI has added 33 Chinese companies, including AI firm Zhipu AI, to its MSCI China Index. The changes take effect after the August 31 market close, prompting passive funds that track the benchmark to rebalance. Analysts say the move highlights the growing influence of Chinese technology and hard-tech companies in global indexes.

Lenovo reported quarterly revenue of $26.94 billion, up 43% and ahead of forecasts, sending its shares 22% higher. AI-related revenue rose 60% to $9.3 billion, while its AI server pipeline grew 157% quarter-on-quarter to $54 billion. The company said it had successfully managed memory-chip shortages and costs, and has raised PC prices twice this year.

The Trump administration is developing an AI-powered “detective border” to target trading partners suspected of helping China evade tariffs on goods imported into the US.
The number of Americans seeking unemployment benefits rose moderately last week, indicating that the labor market remains stable despite an unexpected drop in jobs in July.
US applications for unemployment benefits increased last week, while layoffs remained at historically healthy levels.
Rosatom CEO Alexey Likhachev says the Russian state corporation is ready to discuss the Paks-2 nuclear power plant with Hungary’s new government, although it has received no inquiries from Russian nuclear specialists so far. He warns that revising key project parameters could delay commissioning and require a fundamental overhaul of its financial model.
The Commodity Futures Trading Commission has directed Kalshi to continue operating despite New York’s government pursuing legal action to shut down its operations.
Western countries seeking to separate from China’s supply chains could incur an estimated additional $23.6 trillion in costs by 2050. China accounts for nearly 30% of global manufacturing value added and remains central to key new-energy materials, prompting calls to pursue mutual benefit rather than barriers.
Britain’s economy is showing its clearest signs yet of benefiting from the global artificial intelligence boom, as data released Thursday pointed to rapid growth in related industries and a surge in computer hardware investment.
Accelerant said private equity firm Thoma Bravo will take the insurance marketplace private through an all-cash transaction valued at more than $4 billion, just over a year after the company listed in New York.
Prime Minister Andy Burnham is touring the UK to hear people’s financial concerns as living costs rise. Inflation stood at 2.8 percent in June, while energy and fuel prices pushed up household bills. Lower-income households are bearing the brunt, with 7.4 million unable to afford essentials this year.

The EU wants savers to move the €11 trillion held in bank accounts into stock and bond markets, directing more capital to businesses across the region. Yet progress has repeatedly been offset by setbacks.
Employees at SK Hynix’s South Korean operations formed a union on Thursday, aiming to connect workers across roles and sites and gain leverage in wage negotiations at the leading memory-chip maker, where talks have stalled.
The EU’s ban on public funding for utility-scale solar inverters from “high-risk” countries is expected to steer the market toward European suppliers, SMA Solar’s chief executive said on Thursday.
The parent company of British Airways, Aer Lingus and Iberia bought more sustainable aviation fuel last year than all US airlines combined.
Antwerp’s diamond sector has rejected allegations that an 18-carat gold ring set with 321 diamonds, recently gifted to U.S. President Donald Trump, was linked to Europe’s diamond industry receiving an exemption from new tariffs weeks later.
Thailand’s economic growth is expected to have slowed sharply in the second quarter, with the economy contracting from the previous quarter, a Reuters poll of economists found. Weak household consumption outweighed support from exports and private investment.
The $109 billion investment fund behind Novo Nordisk has returned to full activity after reducing allocations earlier this year. Its chief executive says the fund is seeking opportunities in a US market that has become attractively priced.
A French government minister said this summer’s heat waves could cost the country as much as €15 billion ($17.3 billion), according to Les Echos.
Russia and Malaysia have agreed to expand cooperation between special economic zones, including joint participation in international advanced development territories in Russia’s Far East. The countries are also focusing on trade and investment, agriculture, energy, tourism, cultural exchanges, science and education.
Singapore, which imports more than 90% of its food, is considering a proposal to raise about $500 million for a fund aimed at strengthening climate resilience across Southeast Asia’s supply chains.
Russia sold 75 new luxury cars in July, up 3% from a year earlier and 17% from June, according to Autostat. Rolls-Royce led brands with 27 vehicles, followed by Bentley with 23 and Lamborghini with 18. January–July sales rose 13% year on year to 444 cars.
Russian and Chinese ambassadors to Japan Nikolay Nozdrev and Wu Jianghao said the two countries’ partnership is neither bloc-based nor confrontational and is not aimed at third countries. They said it differs from Cold War military-political alliances and supports a fair, orderly multipolar world based on balanced interests.
The Russian and Chinese ambassadors to Japan said the two countries share aligned positions on key issues shaping the global order. As permanent members of the UN Security Council, they uphold the UN Charter’s purposes and principles, while cooperation between Moscow and Beijing provides major stability amid geopolitical rivalry and tensions driven by hegemonic and neocolonial policies, they said.
Russian and Chinese ambassadors to Japan Nikolay Nozdrev and Wu Jianghao say bilateral cooperation has reached its highest level and continues to advance steadily through the efforts of Vladimir Putin and Xi Jinping. They say the relationship has withstood time and external pressure, while Moscow and Beijing move to deepen cooperation and shape a fairer, more multipolar world order.
Russian Ambassador Nikolay Nozdrev and Chinese Ambassador Wu Jianghao to Japan said in a joint article that trade and economic cooperation between Moscow and Beijing remains resilient despite adverse external factors. Bilateral trade has grown more than thirtyfold in 25 years, exceeding $200 billion for several consecutive years, while the countries plan further joint projects and cooperation in digital innovation and artificial intelligence.
Shipping throughput through the Three Gorges Dam on the Yangtze River reached 100 million metric tons by 12:40 a.m. Thursday, the Three Gorges Navigation Authority said. Locks handled 97.276 million tons across 21,562 passages, while the ship lift handled 2.724 million tons across 2,590 passages and 446,000 passenger trips.
Guangdong's provincial government issued 2.5 billion yuan in offshore RMB local government bonds in Macao. The three tranches comprise Hengqin construction-themed, green and blue bonds. Orders peaked at 23.2 billion yuan, producing a record 9.28-times oversubscription for a Macao bond issue. Proceeds will fund Hengqin infrastructure and green and blue development in the Greater Bay Area.
China’s national carbon emissions rights trading market recorded cumulative trading volume of more than 930 million tonnes by the end of July, Minister of Ecology and Environment Huang Runqiu said Thursday.
A mandatory offer from KKR to acquire Philippines-based power producer First Gen Corp would value the company at about 165.44 billion pesos, or $2.70 billion, First Gen and its parent, First Philippine Holdings, said Thursday.
Britain’s food industry warned in February that soaring energy costs after U.S. and Israeli strikes on Iran could drive food-price inflation close to 10% by Christmas.
China’s zero-tariff policy for the 53 African countries with which it has diplomatic ties generated more than 730 million yuan ($106.6 million) in import savings at Guangzhou Customs during its first three months. From May 1 to July 31, eligible imports exceeded 730 million yuan and tariff reductions surpassed 80 million yuan. Guangzhou Customs’ trade with African countries rose 25.3% year on year in the first half of the year.
China will keep anti-dumping duties on imports of single-mode optical fiber from India for another five years from August 14, 2026, the Ministry of Commerce said. The decision followed a review launched in August 2025 at the request of China’s domestic industry.

China will extend anti-dumping duties on single-mode optical fibre imported from India for another five years starting Friday, the commerce ministry said Thursday.
More than 2,000 fabric suppliers are taking part in a three-day home textiles exhibition that opened in Keqiao, Zhejiang. The dual-venue event showcases curtains, wall coverings and other products, along with AI design tools that create realistic home décor images from photos.
Russian stocks declined at the start of Thursday’s main trading session, with the MOEX and RTS indices each down 0.32% at 2,294.07 and 870.72 points. Their losses later widened to 0.56%, while the yuan rose to 12.388 rubles.
The 400,000-DWT Marshall Islands-flagged VLOC Saham berthed at Zhanjiang Port in Guangdong on Wednesday with an iron ore cargo under maritime escort. Authorities used remote-control systems, drone patrols and escort vessels, along with temporary one-way traffic controls, to support a safe arrival and the steel industry chain.
Bilateral trade between Russia and Malaysia increased 13% in 2025 to more than $3.6 billion, Russian Minister of Science and Higher Education Valery Falkov said. He added that businesses in both countries are showing greater interest in expanding trade ties and called for efforts to secure sustainable growth. The countries’ joint commission is also discussing investment, energy, tourism, culture, science and education.
Ice cream companies may be benefiting from a summer sales lift as temperatures soar, but they are also preparing for consumers to seek indulgent treats that give them fewer reasons to feel guilty.
Tycoons are battling over a tropical retreat aimed at wealthy people. Bond investors are also pulling back from data centers, while New York City’s pied-à-terre tax has hit another obstacle.
The Trump administration is moving to fill a regulatory gap for crypto, but the changes may not last without legislation.
Chinese companies are expanding in ASEAN beyond exports into investment, local production, technology cooperation and regional operations. Bilateral trade reached 4.34 trillion yuan in the first half of 2026, up 18.2 percent year on year. An expert’s “ASEAN Synergy” concept calls for countries to use complementary strengths across value chains, while China-Malaysia cooperation could broaden into AI, innovation and talent development.

Hours after India publicly assured consumers last week that ethanol-blended petrol was safe, the country’s main auto industry group withdrew a fuel-contamination complaint it had sent to the government a week earlier. The group said some figures required further checks.
Nicaragua’s national pavilion opened Wednesday in Wuhan, Hubei Province, as the first specialty venue in China authorized by its embassy to display Nicaraguan products and culture. The China (Hubei)-Nicaragua Economic and Trade Cooperation Center was also established to advance cooperation in areas including agricultural products and new energy.
Rio Tinto has agreed a $2.5bn subsidy package with Australia’s federal and New South Wales governments to prevent the possible closure of the Tomago aluminium smelter. A 10-year below-market power guarantee will begin after its coal-focused contract ends in December 2028, with the plant set to run entirely on renewable energy by 2033.

The owners of Australia’s largest aluminum smelter, including Rio Tinto Group, have won A$2.5 billion ($1.8 billion) in government support to keep the facility running while dealing with elevated energy costs.
Tariffs have defined Donald Trump’s second term, as he uses them to address a range of problems and seeks to strengthen the US economy and production. Yet even economists who support the approach question whether it delivers the intended results.

Satoshi Sugiyama looks ahead at European and global markets as bets on the Federal Reserve cool while wagers on a Bank of Japan move heat up.
US data showed that inflation slowed in July.
Australia’s Treasury Wine Estates reported an annual loss on Thursday after taking writedowns in its U.S. business. It said 2027 earnings should be at least in line with the previous year, while its shares fell in volatile trading.
Japan’s annual wholesale inflation remained elevated in July, data showed, pointing to widening price pressures and strengthening market expectations that the Bank of Japan will raise interest rates in September.
The Jakarta-Bandung High-Speed Railway recorded a 99.4% on-time departure rate in the first half of the year, with 10,574 of 10,640 services leaving on schedule, operator KCIC said. Average customer satisfaction was 95.79%, while punctuality satisfaction reached 98.27%.
Bank of America agreed to pay about $1.9 billion for as much as 49.9% of a lending unit owned by Jio Financial Services, giving the US bank direct access to India’s fast-growing economy.
Venezuelan authorities plan to prioritize reconstruction and recover gold reserves estimated at $4 billion that are held in underground Bank of England vaults, National Assembly chief Jorge Rodriguez said on Wednesday. Monthly inflation has surged to 20%.
China’s green transition is accelerating as renewable energy expands and ecological resources gain new routes to economic value. The Ecological and Environmental Code, due to take effect on August 15, will provide stronger legal backing. Wind and solar capacity reached 1.84 billion kilowatts by the end of 2025, while Inner Mongolia’s renewable bases are also supporting equipment manufacturing and related industries.

Telstra paid CEO Vicki Brady $6.8m for the year to June after cutting 20% of her bonus over a July outage that affected millions. More than 30,000 customers have sought compensation, while the company says regulatory outcomes and financial consequences remain uncertain. Senior executives’ bonuses were cut by a combined $1.3m.

South Korean stocks climbed 22% in ten days, putting the benchmark index on course to enter a technical bull market as a global rebound in the AI trade fueled a swift reversal from last month’s historic rout.
Asian stocks climbed on Thursday after U.S. inflation matched expectations, reducing bets on another Federal Reserve rate hike in the near term. Oil stayed near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war.
India nearly doubled its planned coal mining capacity in 2025, according to a report from Global Energy Monitor. The increase helped drive a worldwide rise in proposed coal mine developments. The report presents India’s expansion as a major factor behind the growth in planned mining capacity globally. It focuses on proposed projects rather than current coal production.
Global demand for electric vehicles increased for a fifth straight month in July, according to data from Benchmark Mineral Intelligence. Strong growth in Europe powered the overall rise. Sales were weaker in both China and North America. European expansion offset the softer performance in those two markets.
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