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PoliticsIN BRIEF: Putin’s key statements at Council for National Projects meeting

President Vladimir Putin said boosting investment is the primary condition for Russia’s economic growth, describing 2026 GDP growth as about 1% and overall economic dynamics as modest but positive. He called for restoring logistics and warehouse capacity damaged by attacks, implementing structural economic changes, and expanding modern technology across social services.

Russia economyVladimir Putininvestmentstructural change

TTASSOriginal★★★☆☆2026-08-19 13:50

IN BRIEF: Putin’s key statements at Council for National Projects meeting
  • Putin calls Russia’s economic growth modest but positive

    Russian President Vladimir Putin described the country’s economic dynamics as modest but positive, citing GDP growth of about 1%. He said external pressure and terrorist attacks on industrial and infrastructure facilities are affecting growth, and proposed discussing ways to raise economic growth rates.

    Russia economyeconomic growthVladimir Putin

    TTASS★★★☆☆2026-08-19 13:08Original

Russia Exploring Railway Routes to Indian Ocean — Deputy PM

Russia is examining plans to extend rail links to the Indian Ocean through Afghanistan and Pakistan, Deputy Prime Minister Marat Khusnullin said. Work is also advancing on the eastern bypass of the Caspian Sea and on road routes through Uzbekistan and Afghanistan, as demand for additional transit corridors grows amid the situation in Iran.

Macro & central banksRussiarail transportIndian Oceantransit corridors

TTASSOriginal★★★☆☆2026-08-19 12:56

Russia Exploring Railway Routes to Indian Ocean — Deputy PM

China-Laos Railway cargo volume exceeds 90 million tonnes

The China-Laos Railway has transported more than 90 million metric tons of cargo since opening, including over 21 million tons of cross-border freight, China Railway Kunming Bureau said. It has operated more than 80,000 freight trains, carrying over 4,000 types of goods and serving 19 countries and regions in Southeast Asia.

Macro & central banksChina-Laos Railwaycargocross-border transport

CChina News ServiceOriginal★★★☆☆2026-08-19 08:28

China-Laos Railway cargo volume exceeds 90 million tonnes

China widely expected to hold loan rates steady in August despite economic weakness

China is broadly expected to keep its benchmark lending rates unchanged in August for a 15th straight month, a Reuters poll found, even as recent economic data point to renewed weakness across the wider economy.

Macro & central banksBanking & financeChina economyloan rateseconomic data

RReutersOriginal★★★☆☆2026-08-19 06:45

China widely expected to hold loan rates steady in August despite economic weakness
China widely expected to hold loan rates steady in August despite economic weakness

Dollar hovers near multi-month lows as Treasury yields ease, Fed minutes awaited

The U.S. dollar stayed close to multi-month lows against major currencies on Wednesday as Treasury yields retreated from recent peaks. Investors were waiting for minutes from the Federal Reserve’s latest policy meeting for indications about the direction of interest rates.

Macro & central banksMarketsU.S. dollarFederal ReserveTreasury yields

RReutersOriginal★★☆☆☆2026-08-19 05:01

Dollar hovers near multi-month lows as Treasury yields ease, Fed minutes awaited
Dollar hovers near multi-month lows as Treasury yields ease, Fed minutes awaited

RBA’s Hauser warns rates may rise again if inflation risks crystallise

A senior Reserve Bank of Australia official said on Wednesday that rates would need to rise again if upside inflation risks crystallise. The warning reiterated a hawkish stance after policymakers left rates unchanged for a second consecutive meeting.

Macro & central banksReserve Bank of Australiainflationinterest rates

RReutersOriginal★★★☆☆2026-08-19 05:00

RBA’s Hauser warns rates may rise again if inflation risks crystallise
RBA’s Hauser warns rates may rise again if inflation risks crystallise

Indian central bank likely intervenes to shield rupee from oil strain, traders say

The Reserve Bank of India likely entered the foreign exchange market on Wednesday to support the rupee as persistently high oil prices put pressure on the currency amid uncertainty over the U.S.-Iran war, traders said.

Macro & central banksMarketsEnergy & commoditiesIndiaReserve Bank of Indiarupeeoil prices

RReutersOriginal★★★☆☆2026-08-19 04:10

Indian central bank likely intervenes to shield rupee from oil strain, traders say
Indian central bank likely intervenes to shield rupee from oil strain, traders say

Bond selloff slows but stocks wobble

Global bond yields remained near their highest levels in decades on Wednesday as concerns about swelling sovereign debt drove borrowing costs higher and unsettled stock markets worldwide.

Macro & central banksMarketsbond marketsglobal stockssovereign debt

RReutersOriginal★★★★☆2026-08-19 03:01

Bond selloff slows but stocks wobble
Bond selloff slows but stocks wobble

Inflation and hefty deficits fuel global bond-market sell-off

Investor concerns ranging from inflation to hefty government deficits are driving a global bond-market sell-off. The turmoil is creating difficulties for policymakers while raising borrowing costs for governments and consumers.

Macro & central banksMarketsEnergy & commoditiesglobal bond marketinflationgovernment deficitsborrowing costs

CCNNOriginal★★★★☆2026-08-18 15:30

Inflation and hefty deficits fuel global bond-market sell-off

Bank of Russia raises dollar exchange rate to 85.16 rubles for August 19

The Bank of Russia set the official dollar rate for August 19 at 85.1645 rubles, up 15.09 kopecks from the previous rate. The euro rate rose by 39.6 kopecks to 98.7312 rubles, while the yuan rate fell by 0.35 kopecks to 12.624 rubles.

Macro & central banksMarketsBank of Russiaexchange ratesUS dollareuroyuan

TTASSOriginal★★☆☆☆2026-08-18 14:33

Bank of Russia raises dollar exchange rate to 85.16 rubles for August 19

WorldTrump Shuts the 60-Day Window for Iran Peace Deal

The deadline for reaching an agreement has technically expired, while Trump is pursuing a hard line with Tehran. The stalemate in the Strait of Hormuz shows no signs of easing.

Donald TrumpIranpeace dealStrait of Hormuz

BBloomberg NewsOriginal★★★★☆2026-08-18 14:00

Trump Shuts the 60-Day Window for Iran Peace Deal
Trump Shuts the 60-Day Window for Iran Peace Deal

PepsiCo said it would leave Russia. Last year, it paid $237 million to the state

PepsiCo announced in 2022 that it would suspend production and sales in Russia, but paid $237 million in income tax to the Russian state last year. The company remains Russia’s fourth-largest foreign business, with 60,000 workers and 19 factories, and continues selling renamed drinks and other products it classifies as essential, contributing tax revenue to a state budget focused on the war in Ukraine.

Macro & central banksCompanies & industryPepsiCoRussiacorporate taxesUkraine war

TThe Kyiv IndependentOriginal★★★☆☆2026-08-18 13:16

PepsiCo said it would leave Russia. Last year, it paid $237 million to the state
PepsiCo said it would leave Russia. Last year, it paid $237 million to the state

UK grocery inflation eases further, Worldpanel says

UK grocery price inflation fell to its lowest level since October 2024 in August, market researcher Worldpanel by Numerator said on Tuesday, offering households facing high living costs some further relief.

Macro & central banksUKgrocery pricesinflation

RReutersOriginal★★★☆☆2026-08-18 12:15

UK grocery inflation eases further, Worldpanel says
UK grocery inflation eases further, Worldpanel says

Russia’s economy is growing faster than expected. It probably won’t last.

Russia’s GDP grew 1.3% year over year in the second quarter after contracting 0.2% in the first, beating forecasts from the central bank and Economic Development Ministry. The rebound was driven largely by temporary factors, including more working days and higher military and government spending. High interest rates, falling oil output, weak civilian industries, sanctions, and the widening budget gap point to slower growth. VEB.RF chief economist Andrei Klepach was dismissed after publicly discussing the economy’s problems.

Macro & central banksRussia economyGDP growthmilitary spendingAndrei Klepach

MMeduzaOriginal★★★☆☆2026-08-18 09:52

Russia’s economy is growing faster than expected. It probably won’t last.
Russia’s economy is growing faster than expected. It probably won’t last.

Sterling dips after data points to cooling UK labour market

The pound edged lower on Tuesday after figures indicated that Britain’s labour market was slowing, with the June unemployment rate exceeding expectations and job vacancies declining in July.

Macro & central banksUK economysterlinglabour market

RReutersOriginal★★☆☆☆2026-08-18 09:01

Sterling dips after data points to cooling UK labour market
Sterling dips after data points to cooling UK labour market

Top Russian economist ousted after warning of rising costs of Ukraine war

Andrey Klepach has been removed as chief economist of Russia’s state development bank VEB after a publicised speech warning that the war in Ukraine was damaging the economy. He said Russia was falling behind rivals, facing mounting costs and could eventually encounter a social crisis.

Macro & central banksRussia economyUkraine warAndrey Klepach

AAl JazeeraOriginal★★★☆☆2026-08-18 08:05

Top Russian economist ousted after warning of rising costs of Ukraine war
Top Russian economist ousted after warning of rising costs of Ukraine war

China-Laos Railway cargo volume exceeds 90 million metric tons

The China-Laos Railway has transported more than 90 million metric tons of cargo since operations began, including over 21 million tons in cross-border shipments. It has run more than 80,000 freight trains, with daily cargo averaging above 67,000 metric tons since the start of 2026.

Macro & central banksTrade & sanctionsChina-Laos Railwayfreightcross-border logistics

CChina News ServiceOriginal★★★☆☆2026-08-18 08:02

China-Laos Railway cargo volume exceeds 90 million metric tons

Bond markets sell off from the US to Japan as inflation and fiscal worries mount

Long-term borrowing costs in the United States, Japan and Germany climbed to their highest levels in decades on Tuesday. Renewed inflation fears, alongside persistent concerns about fiscal pressures across major economies, dealt bond markets another setback.

Macro & central banksMarketsbond marketsinflationfiscal pressure

RReutersOriginal★★★★☆2026-08-18 08:00

Bond markets sell off from the US to Japan as inflation and fiscal worries mount
Bond markets sell off from the US to Japan as inflation and fiscal worries mount

Canadian Auto Billionaire’s Comeback Shows Limits of Trump’s Tariff Strategy

The comeback of a Canadian auto billionaire highlights the limits of Donald Trump’s tariff strategy. Separately, higher gas prices have pushed inflation to 3%.

Macro & central banksTrade & sanctionsCompanies & industryCanadian auto industryTrump tariffsinflation

BBloomberg NewsOriginal★★★☆☆2026-08-18 08:00

Canadian Auto Billionaire’s Comeback Shows Limits of Trump’s Tariff Strategy
Canadian Auto Billionaire’s Comeback Shows Limits of Trump’s Tariff Strategy
  • Canada races against clock to avert Trump tariffs
    Canada races against clock to avert Trump tariffs

    Canadian officials are making a last-ditch attempt to win relief from proposed 50 percent US tariffs as trade talks enter their final hours. The duties would target about $20.2bn in exports, including electronics, machinery, furniture, dairy and wine. Prime Minister Mark Carney described negotiations with Donald Trump’s administration as “delicate” and “intense”.

    CanadaDonald Trumptariffstrade negotiations

    AAl Jazeera★★★★☆2026-08-18 07:41Original

‘Voluntary donations’ from Russian businesses to state budget hit record in 2026

Russian businesses paid 383.69 billion rubles in non-repayable contributions to the federal budget during the first eight months of 2026, nearly 1.5 times last year’s total. Vedomosti reported that major Russian businessmen’s “voluntary donations” became the largest source, replacing exit taxes from departing foreign firms. The payments surged after March, while Russia’s war-driven budget deficit reached 6.455 trillion rubles through July, or 2.8% of GDP.

Macro & central banksCompanies & industryRussia economyfederal budgetvoluntary donationsUkraine war

MMeduzaOriginal★★★☆☆2026-08-18 07:44

‘Voluntary donations’ from Russian businesses to state budget hit record in 2026
‘Voluntary donations’ from Russian businesses to state budget hit record in 2026

Lawmaker says Ukraine is nearing a financial precipice

Daniil Getmantsev, head of Ukraine’s parliamentary tax committee, warned that the country is nearing a financial gap and could still fail even if Western agencies deliver all pledged funds. He attributed the crisis to an economic slowdown and “ill-balanced decisions” in defense, while parliament is expected to vote on funding-related commitments later this week.

Macro & central banksUkrainefinancial gapeconomic slowdown

TTASSOriginal★★★☆☆2026-08-18 07:35

Lawmaker says Ukraine is nearing a financial precipice

Asian shares slip as oil price worries offset strong earnings boost

Most Asian shares fell as rising oil prices and inflation concerns weighed on investor sentiment, offsetting support from strong corporate earnings. Tokyo’s Nikkei 225 led the declines, dropping 2.5%.

Macro & central banksMarketsEnergy & commoditiesCompanies & industryAsian sharesoil pricesinflationNikkei 225

TThe Associated PressOriginal★★☆☆☆2026-08-18 07:30

Asian shares slip as oil price worries offset strong earnings boost
Asian shares slip as oil price worries offset strong earnings boost

Lula Must Tackle Fiscal Woes If Reelected, Finance Chief Says

Brazil’s finance minister says financial-market concerns over rising public debt are justified. Investors have legitimate questions about the direction of government spending, which the administration needs to address if Lula is reelected.

Macro & central banksBrazilLulapublic debtfiscal policy

BBloomberg NewsOriginal★★★☆☆2026-08-18 03:00

Lula Must Tackle Fiscal Woes If Reelected, Finance Chief Says
Lula Must Tackle Fiscal Woes If Reelected, Finance Chief Says

Top Russian economist Andrey Klepach replaced after speech criticizing war’s economic impact

Andrey Klepach, one of Russia’s leading economists, has been replaced as chief economist of the country’s national development bank. The move came shortly after a speech was made public in which he reportedly said the war in Ukraine was hurting Russia’s economy.

Macro & central banksBanking & financeRussia economyAndrey Klepachdevelopment bankUkraine war

CCNNOriginal★★★☆☆2026-08-17 23:00

Top Russian economist Andrey Klepach replaced after speech criticizing war’s economic impact

Fed policy stance may be accommodative, San Francisco Fed paper says

The Federal Reserve’s current policy rate is likely accommodative when compared with a medium-run estimate of the neutral rate, the borrowing-cost level that neither restrains nor stimulates the economy, according to research published Monday by the San Francisco Fed.

Macro & central banksFederal Reserveinterest ratesneutral rate

RReutersOriginal★★☆☆☆2026-08-17 22:35

Fed policy stance may be accommodative, San Francisco Fed paper says
Fed policy stance may be accommodative, San Francisco Fed paper says

UAE economy: On the verge of collapse or on the way to recovery?

The Iran war has hurt the UAE as residents leave and tourists cancel trips, with Dubai hotel occupancy plunging from 80% to about 10%. Authorities say recovery is under way and have offered incentives and roughly $680 million in support for affected sectors. But job cuts, weaker investment, inflation, falling property prices and risks linked to the Strait of Hormuz remain concerns.

Macro & central banksCompanies & industryUAE economyIran wartourismDubai

DDWOriginal★★★★☆2026-08-17 17:46

UAE economy: On the verge of collapse or on the way to recovery?
UAE economy: On the verge of collapse or on the way to recovery?

Foreign investors entering free economic zones in Donbass and Novorossiya, senator says

Foreign investors from several countries are participating in projects in the free economic zone covering Donbass and Novorossiya, Federation Council senator Dmitry Vorona said. He described the region as offering the best conditions for investors and said more than 500 SEZ residents are operating there.

Macro & central banksMarketsforeign investmentfree economic zonesDonbassNovorossiya

TTASSOriginal★★★☆☆2026-08-17 17:19

Foreign investors entering free economic zones in Donbass and Novorossiya, senator says

PoliticsRussia’s VEB.RF fires chief economist after warning it is losing the war of attrition

Russia’s state development corporation VEB.RF has dismissed chief economist Andrei Klepach over remarks that Moscow was losing its economic and technological race with the West and, in some respects, Ukraine. Klepach also warned that rising costs and imbalances could eventually trigger a serious social crisis.

RussiaVEB.RFAndrei Klepacheconomic war of attrition

MMeduzaOriginal★★★☆☆2026-08-17 17:07

Russia’s VEB.RF fires chief economist after warning it is losing the war of attrition
Russia’s VEB.RF fires chief economist after warning it is losing the war of attrition
  • Russian state economist fired after warning of bleak economic future
    Russian state economist fired after warning of bleak economic future

    Andrei Klepach, chief economist at state development bank VEB.RF, was dismissed after warning that Russia was losing its economic “war of attrition” with the West, falling behind technologically and economically, and could face a social crisis. As the EU prepares broader sanctions, higher oil prices may still give Moscow time to sustain its war effort.

    Russia economyAndrei KlepachsanctionsUkraine war

    FFox News★★★☆☆2026-08-17 15:43Original
  • Senior Russian banker fired after warning over wartime economy
    Senior Russian banker fired after warning over wartime economy

    Andrei Klepach, chief economist at state-controlled development bank VEB, was fired after criticizing Russia’s economic outlook and warning that Moscow could not win a prolonged economic war of attrition with Ukraine. He had said Russia was falling behind China, the US and, in some respects, Ukraine.

    Russia economyAndrei KlepachVEBUkraine war

    TThe Guardian★★★★☆2026-08-17 10:29Original
  • Russia’s VEB.RF fires chief economist Andrei Klepach after remarks on losing economic ‘war of attrition’
    Russia’s VEB.RF fires chief economist Andrei Klepach after remarks on losing economic ‘war of attrition’

    Russia’s state development corporation VEB.RF dismissed chief economist Andrei Klepach after media circulated his remarks that Russia could not win the economic “war of attrition.” Sources linked the move to his criticism of Russia’s economic and political course, while VEB.RF confirmed his departure without giving a reason.

    RussiaVEB.RFAndrei Klepacheconomic war of attrition

    MMeduza★★★☆☆2026-08-17 08:20Original

Bank of Russia raises dollar rate to 85.01 rubles for August 18

The Bank of Russia set the official dollar rate for August 18 at 85.0136 rubles, up 46.87 kopecks, marking the first time it has topped 85 rubles since September 12, 2025. The official euro and yuan rates also rose to 98.3352 and 12.6275 rubles, respectively.

Macro & central banksMarketsRussiaexchange ratesBank of Russia

TTASSOriginal★★☆☆☆2026-08-17 16:56

Bank of Russia raises dollar rate to 85.01 rubles for August 18

US home builder sentiment ticks up in August but remains weak overall

U.S. home builder sentiment unexpectedly edged higher in August, but confidence among residential construction firms remained broadly weak. Economic uncertainty, high mortgage rates and rising building costs—exacerbated by the U.S.-led war with Iran—weighed on the sector.

Macro & central banksReal EstateUS economyhousing markethome builders

RReutersOriginal★★☆☆☆2026-08-17 16:40

US home builder sentiment ticks up in August but remains weak overall
US home builder sentiment ticks up in August but remains weak overall

Canadian dollar reaches two-week high as inflation accelerates

The Canadian dollar rose to a two-week high against the US dollar on Monday, while bond yields climbed after domestic data showed inflation increasing faster than expected. Investors are also watching a key deadline for new US tariffs on Canadian goods.

Macro & central banksMarketsTrade & sanctionsCanadaCanadian dollarinflationUS tariffs

RReutersOriginal★★★☆☆2026-08-17 16:10

Canadian dollar reaches two-week high as inflation accelerates
Canadian dollar reaches two-week high as inflation accelerates

China’s economy shows signs slowdown may be extending

China’s industrial output and retail sales growth weakened in July after one of the country’s poorest quarterly growth rates on record. The figures are likely to increase pressure on Beijing to support activity through tax and spending measures. Premier Li Qiang called for stabilising external demand to offset weak domestic demand.

Macro & central banksCompanies & industryChina economyeconomic slowdownindustrial outputretail sales

TThe GuardianOriginal★★★★☆2026-08-17 15:36

China’s economy shows signs slowdown may be extending
China’s economy shows signs slowdown may be extending

Why rightwing critics are wrong to say Australia’s super system is broken

Conservative politicians Andrew Bragg and Pauline Hanson argue compulsory superannuation has failed to improve the budget or reduce reliance on the age pension. Experts and Treasury projections instead indicate that Australia’s total retirement-system costs will remain broadly stable despite population ageing, while the share of people fully funding their own retirement is expected to rise from 29% to 38% by 2050.

Macro & central banksAustraliasuperannuationpensionsretirement income

TThe GuardianOriginal★★★☆☆2026-08-17 15:00

Why rightwing critics are wrong to say Australia’s super system is broken
Why rightwing critics are wrong to say Australia’s super system is broken

Brazil posts modest second-quarter growth, central bank index shows

Brazil’s economy grew just 0.2% in the second quarter from the previous three-month period, according to a central bank indicator, pointing to fading momentum after a strong start to the year, especially in the crucial services sector.

Macro & central banksBrazil economyeconomic growthservices sector

RReutersOriginal★★★☆☆2026-08-17 14:45

Brazil posts modest second-quarter growth, central bank index shows
Brazil posts modest second-quarter growth, central bank index shows

Novak orders continued oversight of agricultural and energy development programs

Russian Deputy Prime Minister Alexander Novak ordered continued monitoring of key macroeconomic indicators and close oversight of development programs for the agricultural and fuel-and-energy sectors. The Economic Development Ministry estimates that the economy grew 0.6% over the past six months, returning to a growth trajectory.

Macro & central banksEnergy & commoditiesRussia economyAlexander Novakagricultureenergy

TTASSOriginal★★★☆☆2026-08-17 12:51

Novak orders continued oversight of agricultural and energy development programs

23rd China-ASEAN Expo expected to attract over 3,000 global exhibitors

The 23rd China-ASEAN Expo is scheduled for Sept. 17-21 and is expected to draw more than 3,000 exhibitors worldwide. Nearly 500 companies have confirmed participation, while the event will feature about 300 new products and 200 technologies in digital technology, intelligent manufacturing and green development.

Macro & central banksTrade & sanctionsCompanies & industryChina-ASEAN Exporegional economydigital technologyintelligent manufacturing

CChina News ServiceOriginal★★☆☆☆2026-08-17 08:30

23rd China-ASEAN Expo expected to attract over 3,000 global exhibitors

China’s economy remains steady in first seven months

China’s economy stayed broadly stable in the first seven months of 2026, with growth shifting toward newer drivers and higher-quality structures, the National Bureau of Statistics said. Industrial output rose 5.3% year on year, while foreign trade increased 17.3% to 30.13 trillion yuan and retail sales grew 2.6%.

Macro & central banksTrade & sanctionsCompanies & industryChina economyindustrial outputforeign trade

CChina News ServiceOriginal★★★☆☆2026-08-17 08:19

China’s economy remains steady in first seven months

Russia, China could set new trade turnover record by year-end — envoy

Chinese Ambassador to Moscow Zhang Hanhui said bilateral trade reached $159 billion from January to July 2026, up 26% from the same period last year. He said steady growth in economic cooperation could lift turnover to a new all-time high by year-end, while investment is expected to remain stable. He spoke at the SPROUTS forum in Kazan.

Macro & central banksMarketsTrade & sanctionsRussia-China tradeeconomic cooperationbilateral investmentSPROUTS forum

TTASSOriginal★★★☆☆2026-08-17 07:48

Russia, China could set new trade turnover record by year-end — envoy

Japan’s economy manages 1.1% growth despite headwinds

Japan’s economy expanded at an annualized 1.1% rate in the April-June quarter, despite flat private consumption and slower export growth.

Macro & central banksTrade & sanctionsJapan economyeconomic growthprivate consumptionexports

TThe Associated PressOriginal★★★☆☆2026-08-17 07:30

Japan’s economy manages 1.1% growth despite headwinds
Japan’s economy manages 1.1% growth despite headwinds
  • Japan’s economy slows, missing growth forecasts
    Japan’s economy slows, missing growth forecasts

    Japan’s GDP grew 0.3 percent in the second quarter, down from 0.5 percent in the previous quarter and below analysts’ forecasts. Private consumption was flat and capital spending fell 1.2 percent, offsetting strong exports. The weaker figures could complicate the Bank of Japan’s September rate decision.

    Japan economyGDPBank of Japan

    AAl Jazeera★★★☆☆2026-08-17 06:14Original

China’s industrial output slows in July, retail sales miss forecasts

China’s industrial output growth slowed in July, while retail sales increased less than forecast. The figures point to pressure from weak domestic demand, disruptions caused by extreme weather and the fading impact of state measures intended to lift consumption.

Macro & central banksCompanies & industryChina economyindustrial outputretail sales

RReutersOriginal★★★★☆2026-08-17 07:25

China’s industrial output slows in July, retail sales miss forecasts
China’s industrial output slows in July, retail sales miss forecasts

Zhanjiang fishing-season deals top 5 bln yuan, boosting blue economy

The 2026 Zhanjiang Fishing Season Launch Ceremony and “Zhanpin” brand exhibition opened Sunday, with 5.05 billion yuan in agreements signed across the marine fishery industry chain. Zhanjiang’s marine fishery chain output exceeds 100 billion yuan, and the city has 40 marine ranching projects in reserve.

Macro & central banksMarketsCompanies & industryZhanjiangfishing industryblue economy

CChina News ServiceOriginal★★☆☆☆2026-08-17 03:14

Zhanjiang fishing-season deals top 5 bln yuan, boosting blue economy

China’s railways handle record 2.8 billion passenger trips in first seven months

China’s railways recorded 2.8 billion passenger trips in the first seven months of 2026, up 4.1% year on year, according to China State Railway Group. The network ran an average of 11,462 passenger trains daily, while cross-border travel and rail trips by foreign nationals also increased significantly.

Macro & central banksChina railwayspassenger travelcross-border transport

CChina News ServiceOriginal★★★☆☆2026-08-17 02:33

China’s railways handle record 2.8 billion passenger trips in first seven months

Japan Q2 growth misses forecasts as spending and investment weaken

Government data showed Japan’s economy grew more slowly than expected in April-June. Weak household spending and business investment partly offset the boost from strong exports.

Macro & central banksMarketsCompanies & industryJapan economyGDPhousehold spendingbusiness investment

RReutersOriginal★★★☆☆2026-08-17 02:20

Japan Q2 growth misses forecasts as spending and investment weaken
Japan Q2 growth misses forecasts as spending and investment weaken

Asian shares mark time as Gulf war keeps oil prices elevated

Asian shares moved sideways on Monday as investors watched oil prices, which posted sizeable gains last week. With little progress toward ending the Iran war, inflation risks remained tilted upward.

Macro & central banksMarketsEnergy & commoditiesAsian sharesoil pricesIran warinflation

RReutersOriginal★★★★☆2026-08-17 01:30

Asian shares mark time as Gulf war keeps oil prices elevated
Asian shares mark time as Gulf war keeps oil prices elevated

Russian state bank chief economist reportedly fired after warning of defeat in economic war with West

Andrei Klepach, chief economist at Kremlin-controlled state bank VEB.RF, was reportedly dismissed on Aug. 16, a day after Russian media circulated his warnings that Russia was losing its economic and technological competition with the West. He said Russia would not collapse but was almost certain to face a social crisis. The Kyiv Independent could not immediately verify the claims.

Macro & central banksBanking & financeRussiaAndrei KlepachVEB.RFeconomic competition

TThe Kyiv IndependentOriginal★★★☆☆2026-08-16 21:00

Russian state bank chief economist reportedly fired after warning of defeat in economic war with West
Russian state bank chief economist reportedly fired after warning of defeat in economic war with West
  • Andrei Klepach no longer VEB.RF chief economist

    VEB.RF’s press service says Andrei Klepach has left his post as chief economist and that a successor has already been chosen, with an appointment expected soon. Klepach had held the position since 2014 while also serving as the corporation’s deputy chairman.

    VEB.RFpersonnel changechief economist

    TTASS★★★☆☆2026-08-16 19:02Original
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