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Germany’s ageing population pushes social spending to record high, Ifo says

Spending linked to old age and illness made up about 70% of Germany’s total social expenditure last year, pushing the country’s social budget to a new record, an Ifo Institute analysis said Monday.

OtherGermanyageing populationsocial spending

RReutersOriginal★★★☆☆2026-08-24 09:50

Germany’s ageing population pushes social spending to record high, Ifo says
Germany’s ageing population pushes social spending to record high, Ifo says

‘Half my business will be gone’: Canadian and US firms fear trade war

Businesses on both sides of the border are bracing for losses after US-Canada trade talks collapsed and both governments pledged 50% tariffs on each other’s goods. Calgary jeweller Cindy Baldassi expects most of her US sales to disappear, while furniture, clothing and retail companies warn that higher costs could cancel orders and overwhelm small businesses.

Trade & sanctionsCompanies & industryUS-Canada trade wartariffsbusinesstrade talks

BBBC NewsOriginal★★★★☆2026-08-24 09:47

‘Half my business will be gone’: Canadian and US firms fear trade war
‘Half my business will be gone’: Canadian and US firms fear trade war

Hedge fund Saba takes on Baillie Gifford in new board battle

Boaz Weinstein’s activist hedge fund has been campaigning against UK investment trusts and is taking on Baillie Gifford in a new boardroom contest.

Marketshedge fundsboard battleUK investment trusts

FFinancial TimesOriginal★★☆☆☆2026-08-24 09:24

Hedge fund Saba takes on Baillie Gifford in new board battle

Alibaba’s record stock sale adds to Hong Kong tech flood

Alibaba raised HK$80 billion (US$10.2 billion) through a record Hong Kong secondary share sale. The shares were priced at HK$112.70 each, an 8.4% discount to Friday’s close, with all proceeds earmarked for its artificial-intelligence drive and planned spending of more than 380...

MarketsCompanies & industryTech & AIAlibabaHong Kong stocksshare saleartificial intelligence

SSouth China Morning PostOriginal★★★☆☆2026-08-24 09:09

Alibaba’s record stock sale adds to Hong Kong tech flood
Alibaba’s record stock sale adds to Hong Kong tech flood
  • Alibaba shares slide after $10.2 billion AI share sale at sharp discount
    Alibaba shares slide after $10.2 billion AI share sale at sharp discount

    Alibaba shares fell sharply in Hong Kong on Monday after the Chinese company launched a $10.2 billion share sale at a steep discount to fund its AI ambitions. Investors focused on dilution and execution risks.

    AlibabaHong Kong stocksartificial intelligenceshare sale

    RReuters★★☆☆☆2026-08-24 05:15Original
  • Alibaba shares fall 8% after $10 billion Hong Kong share sale
    Alibaba shares fall 8% after $10 billion Hong Kong share sale

    Alibaba shares dropped 8% in early Hong Kong trading on Monday after the technology company completed an HK$80 billion ($10.21 billion) share placement at HK$112.70 per share. The deal is intended to finance artificial intelligence-related development.

    AlibabaHong Kong stocksartificial intelligenceshare placement

    RReuters★★☆☆☆2026-08-24 05:05Original
  • Alibaba Raises $10 Billion in Record Hong Kong Share Sale for AI
    Alibaba Raises $10 Billion in Record Hong Kong Share Sale for AI

    Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s largest secondary share sale, highlighting its readiness to accumulate and deploy huge sums in an effort to lead globally in artificial intelligence.

    AlibabaHong Kong stocksartificial intelligence

    BBloomberg News★★★☆☆2026-08-24 03:36Original

Russian Finance Ministry proposes tax deferrals and audit freeze for Wildberries

Russia’s Finance Ministry has submitted measures to support RWB Group, the company formed by Wildberries and Russ, and sellers whose goods were destroyed in Ukrainian drone attacks. The package includes tax deferrals, a suspension of tax and insurance-payment audits through year’s end, and longer debt-collection deadlines for businesses whose losses exceed 5% of annual income.

Macro & central banksRussiaWildberriestax policydrone attacks

MMeduzaOriginal★★★☆☆2026-08-24 09:03

Russian Finance Ministry proposes tax deferrals and audit freeze for Wildberries
Russian Finance Ministry proposes tax deferrals and audit freeze for Wildberries

Canada Sees Long Trade War With US, Iran Economic Pressure, More

Bloomberg News Now highlights Canada’s expectation of a prolonged trade war with the United States, economic pressure on Iran and other major global business stories in its ongoing daily audio report.

Trade & sanctionsCanadaUnited Statestrade warIraneconomic pressure

BBloomberg NewsOriginal★★☆☆☆2026-08-24 08:30

Canada Sees Long Trade War With US, Iran Economic Pressure, More
Canada Sees Long Trade War With US, Iran Economic Pressure, More

Russian stock market declines at start of trading session

Russia’s stock market fell at the opening of the main trading session, according to Moscow Exchange data, while the yuan strengthened against the ruble. By 10:15 Moscow time, both the MOEX and RTS indices were down 2.83%.

MarketsRussian stock marketMoscow Exchangeyuan exchange rate

TTASSOriginal★★☆☆☆2026-08-24 08:26

Russian stock market declines at start of trading session

Shein seeks $27bn valuation from Hong Kong IPO

Online retailer Shein is seeking a $27bn valuation through a Hong Kong initial public offering. Its market capitalisation is now nearly three-quarters below its peak after unsuccessful attempts to list in New York and London.

MarketsSheinHong Kong IPOvaluation

FFinancial TimesOriginal★★★☆☆2026-08-24 08:06

Shein seeks $27bn valuation from Hong Kong IPO
  • Fast-fashion giant Shein aims for $27bn valuation in Hong Kong debut
    Fast-fashion giant Shein aims for $27bn valuation in Hong Kong debut

    Shein says it will begin trading on the Hong Kong stock exchange on 1 September, with an offering that could value the fast-fashion retailer at nearly $27bn. It plans to sell 280m shares and raise up to HK$13.86bn for technology and international expansion. The valuation is about 70% below its private-market peak, amid scrutiny over environmental costs, supplier labour conditions and regulatory fines in France.

    SheinHong Kong IPOfast fashionvaluation

    TThe Guardian★★★☆☆2026-08-24 04:02Original
  • Fast-fashion giant Shein to list in Hong Kong at $27 billion valuation
    Fast-fashion giant Shein to list in Hong Kong at $27 billion valuation

    Fast-fashion giant Shein plans to list in Hong Kong on September 1, offering nearly 280 million shares and raising up to HK$13.86 billion. At the top of its price range, the company would be valued at almost $27 billion, far below its $100 billion private-funding valuation in 2022. Shein reported a $99 million loss in the first quarter.

    SheinHong Kong listingIPOfast fashion

    BBBC Chinese★★★☆☆2026-08-24 02:57Original
  • Shein targets almost $27bn valuation in Hong Kong debut
    Shein targets almost $27bn valuation in Hong Kong debut

    Fast-fashion giant Shein plans to raise up to HK$13.86bn by offering nearly 280 million shares when trading begins in Hong Kong on 1 September. The implied valuation of almost $27bn is far below its $100bn private-market valuation in 2022. Previous US and London listing attempts failed amid regulatory scrutiny.

    SheinHong Kong listingIPOfast fashion

    BBBC News★★☆☆☆2026-08-24 02:05Original
  • Shein seeks to raise up to US$1.76 billion in Hong Kong IPO
    Shein seeks to raise up to US$1.76 billion in Hong Kong IPO

    Fast-fashion retailer Shein Global Holdings plans to raise as much as HK$13.85 billion (US$1.76 billion) through a Hong Kong initial public offering. It will offer 279 million shares at HK$47.60 to HK$49.50 each, with investor orders opening Monday and trading expected to begin on September 1.

    SheinHong Kong IPOshare offering

    SSouth China Morning Post★★★☆☆2026-08-24 01:24Original
  • Shein’s Purchase of Everlane Faces U.S. National Security Review
    Shein’s Purchase of Everlane Faces U.S. National Security Review

    U.S. authorities are reviewing Shein Global Holdings Ltd.’s proposed purchase of American clothing retailer Everlane after the company sought approval, according to people familiar with the matter. The review adds to the growing regulatory hurdles facing the China-founded fast-fashion giant in one of its most important markets.

    SheinEverlanenational security reviewU.S. regulation

    BBloomberg News★★★☆☆2026-08-24 01:22Original

Louis Vuitton shuts another China store amid trademark dispute fallout

Louis Vuitton will close its only store in Guiyang on August 31, according to a notice posted at the site. The move will reduce the French luxury brand’s southwestern China footprint to three stores from a peak of six, as it optimises its retail network amid weak domestic spending and changing luxury consumption trends.

Companies & industryLouis VuittonChina marketluxury retailstore closure

SSouth China Morning PostOriginal★★☆☆☆2026-08-24 08:00

Louis Vuitton shuts another China store amid trademark dispute fallout
Louis Vuitton shuts another China store amid trademark dispute fallout

Germany news: State premier visits VW for crisis talks

Lower Saxony Premier Olaf Lies is due to visit Volkswagen’s Hanover plant for talks with employee representatives, unions and management about the struggling carmaker’s restructuring plans and German production sites. Volkswagen is cutting costs to improve competitiveness, while workers, unions and politicians seek assurances for tens of thousands of jobs.

Companies & industryVolkswagenautomotive industryrestructuringjobs

DDWOriginal★★★☆☆2026-08-24 07:29

Germany news: State premier visits VW for crisis talks
Germany news: State premier visits VW for crisis talks

How much more are people spending on petrol since the Iran war began?

At least 145 countries have reported higher petrol prices since the United States and Israel began their war on Iran on February 28. GlobalPetrolPrices data show Myanmar had the largest increase, at 56%, while the US average for regular petrol rose 39%, from $2.94 to $4.09 per gallon. Higher oil costs are also feeding into food, transport and everyday products.

Macro & central banksEnergy & commoditiespetrol pricesIran warglobal economyinflation

AAl JazeeraOriginal★★★★☆2026-08-24 07:26

How much more are people spending on petrol since the Iran war began?
How much more are people spending on petrol since the Iran war began?

Xinjiang’s Horgos Port handles over 6,000 freight trains to Europe and Central Asia

Horgos Port in northwest China’s Xinjiang has handled more than 6,000 China-Europe and China-Central Asia freight trains in 2025, carrying over 10 million metric tons of cargo. A smart-port clearance system has cut total customs processing time by more than half, while routes now reach 18 countries and regions.

Trade & sanctionsHorgos PortChina-Europe freight trainsChina-Central Asia freight trainssmart customs clearance

CChina News ServiceOriginal★★★☆☆2026-08-24 06:05

Xinjiang’s Horgos Port handles over 6,000 freight trains to Europe and Central Asia

Samsung Electronics shares skid as record shareholder returns disappoint

Samsung Electronics shares dropped more than 8% in early Monday trading after its record $79 billion shareholder-return plan disappointed investors. They had expected a larger share of the cash generated by Samsung’s AI boom and clearer details on potential buybacks.

MarketsTech & AISamsung Electronicsstock marketshareholder returnsartificial intelligence

RReutersOriginal★★☆☆☆2026-08-24 06:00

Samsung Electronics shares skid as record shareholder returns disappoint
Samsung Electronics shares skid as record shareholder returns disappoint

Polish Fuel Firm Unimot Urges Faster European Energy Transition to Curb Reliance on Imports

Unimot SA, one of Poland’s biggest fuel companies, is calling for Europe to accelerate its green-energy transition. It warns that renewed tensions in the Middle East have again highlighted the continent’s heavy dependence on imported fossil fuels.

Energy & commoditiesTrade & sanctionsCompanies & industryUnimotEuropeenergy transitionfossil fuels

BBloomberg NewsOriginal★★☆☆☆2026-08-24 06:00

Polish Fuel Firm Unimot Urges Faster European Energy Transition to Curb Reliance on Imports
Polish Fuel Firm Unimot Urges Faster European Energy Transition to Curb Reliance on Imports

High oil prices, subsidies and affordable models drive European EV sales

Electric vehicle sales accelerated across much of Europe in July, according to data provided to Reuters. High oil prices, subsidies and the availability of more affordable models encouraged consumers to move away from combustion-engine cars.

Energy & commoditiesCompanies & industryEuropeelectric vehiclesauto sales

RReutersOriginal★★☆☆☆2026-08-24 05:50

High oil prices, subsidies and affordable models drive European EV sales
High oil prices, subsidies and affordable models drive European EV sales

Dollar trades near multi-month lows as debt worries weigh

The dollar hovered near multi-month lows on Monday as markets remained unsettled by the U.S. Treasury’s pledge to buy back more long-dated bonds. Traders were also waiting for details of sanctions on Iran and policy speeches expected this week in the United States and Japan.

Macro & central banksMarketsTrade & sanctionsdollardebtU.S. TreasuryIran sanctions

RReutersOriginal★★★☆☆2026-08-24 05:10

Dollar trades near multi-month lows as debt worries weigh
Dollar trades near multi-month lows as debt worries weigh

Can China’s flash memory giant YMTC smash Shanghai Star Market IPO records?

China is preparing a potential record-setting semiconductor listing. CCSH Corporation, the parent of NAND flash maker Yangtze Memory Technologies Corporation, plans to sell 1.98 billion to 2.43 billion shares on Shanghai’s Star Market, representing 10 to 12 per cent of its enlarged share capital.

MarketsTech & AIChina semiconductorsYMTCStar Market IPO

SSouth China Morning PostOriginal★★★☆☆2026-08-24 04:34

Can China’s flash memory giant YMTC smash Shanghai Star Market IPO records?
Can China’s flash memory giant YMTC smash Shanghai Star Market IPO records?

World‘We know this movie’: Iran mocks latest US sanctions

Iranian Foreign Minister Abbas Araghchi likened a new US sanctions package, expected to be unveiled Monday, to watching the same film repeatedly. He said what he called Trump’s “bullying” was no different from that of earlier US administrations.

IranUS sanctionsAbbas Araghchi

AAl JazeeraOriginal★★★★☆2026-08-24 04:02

‘We know this movie’: Iran mocks latest US sanctions
‘We know this movie’: Iran mocks latest US sanctions
  • Oil falls ahead of US announcement on new Iran sanctions
    Oil falls ahead of US announcement on new Iran sanctions

    Brent crude futures fell to $93.45 as markets awaited a US announcement on new sanctions against Iran.

    oil pricesIran sanctionsUnited States

    RReuters★★★★☆2026-08-24 03:40Original
  • Asian shares flat ahead of Iran sanctions news and Nvidia results
    Asian shares flat ahead of Iran sanctions news and Nvidia results

    Asian share markets were little changed on Monday and oil prices slipped as investors awaited details of threatened U.S. sanctions on Iran expected later in the day. The Canadian dollar also weakened as the prospect of a trade war with its southern neighbour loomed.

    Asian stocksIran sanctionsoil pricesCanadian dollar

    RReuters★★★☆☆2026-08-24 01:00Original
  • Will Donald Trump’s new sanctions against Iran work?
    Will Donald Trump’s new sanctions against Iran work?

    After nearly six months of war with Iran, the United States appears to be changing course. Donald Trump says Washington will launch a “crushing economic operation” and is urging other countries to join what it calls the greatest coordinated economic isolation in history. Iran says participants will be treated as enemies.

    Donald TrumpIranUS sanctionseconomic isolation

    AAl Jazeera★★★★☆2026-08-23 21:34Original

China’s auto exports expected to surpass 10 million units in 2026

Industry insiders expect China’s auto exports to exceed 10 million units this year. Customs data shows 6.399 million vehicles were exported in January-July 2026, up 53.7% year on year. Experts say Chinese automakers must strengthen local industrial capabilities and pursue deeper localization as they expand overseas.

Energy & commoditiesTrade & sanctionsCompanies & industryChina auto exportsautomotive industrynew energy vehiclesoverseas markets

CChina News ServiceOriginal★★★☆☆2026-08-24 03:53

China’s auto exports expected to surpass 10 million units in 2026

Graphics: China-SCO trade volume rises more than 40-fold in 25 years

Trade between China and other Shanghai Cooperation Organisation members reached nearly $524 billion in 2025, more than 40 times the roughly $12 billion recorded in 2001. Cooperation is also moving beyond goods trade toward real-sector investment, with China’s investment stock in member states exceeding $84 billion, more than 3,000 local companies established and over 200,000 jobs created annually on average.

MarketsTrade & sanctionsChinaShanghai Cooperation Organisationtradeinvestment

CCGTNOriginal★★☆☆☆2026-08-24 03:52

Graphics: China-SCO trade volume rises more than 40-fold in 25 years
Graphics: China-SCO trade volume rises more than 40-fold in 25 years

Suifenhe vehicle exports to Russia more than double

Suifenhe port in Heilongjiang exported 46,900 vehicles to Russia from January through July 2026, a 119.2% year-on-year increase. Faster registration and customs processing, bonded facilities and one-stop services have cut delivery to Russian overseas warehouses to as little as 10 days and reduced logistics costs by 30%.

Trade & sanctionsSuifenheChina-Russia tradevehicle exports

CChina News ServiceOriginal★★☆☆☆2026-08-24 03:40

Suifenhe vehicle exports to Russia more than double

Investment market volatility ‘here to stay’ unless global recession strikes: analyst

A major private bank says wealthy investors should prepare for elevated volatility for years, as uncertainty over artificial intelligence and geopolitical risks is likely to persist. Asset prices have endured repeated roller-coaster swings in recent years, with volatility reflecting structural changes in markets over decades.

Macro & central banksMarketsTech & AIinvestment marketsmarket volatilityartificial intelligencegeopolitical risk

SSouth China Morning PostOriginal★★☆☆☆2026-08-24 03:00

Investment market volatility ‘here to stay’ unless global recession strikes: analyst
Investment market volatility ‘here to stay’ unless global recession strikes: analyst

Building the Future: How BTRi Is Positioning Hong Kong as the Global Gateway for Construction Innovation

Hong Kong is pursuing an ambitious development agenda centered on the Northern Metropolis and aligned with national development strategies. Delivering those ambitions will require the construction industry to tackle long-standing challenges in productivity, cost-effectiveness and quality.

OtherHong KongBTRiconstruction innovationNorthern Metropolis

SSouth China Morning PostOriginal★★☆☆☆2026-08-24 02:23

Building the Future: How BTRi Is Positioning Hong Kong as the Global Gateway for Construction Innovation
Building the Future: How BTRi Is Positioning Hong Kong as the Global Gateway for Construction Innovation

Four misconceptions behind the ‘overcapacity’ debate

The article argues that industrial subsidies, trade surpluses, economic imbalances and market competition are often wrongly treated as proof of overcapacity. Capacity should be assessed relative to demand, costs and the relevant time horizon. Strong exports, high output or lower prices alone do not establish excess capacity, while macroeconomic imbalances and inefficient industrial capacity require different remedies.

Trade & sanctionsCompanies & industryChina overcapacitytrade surplusindustrial subsidieseconomic imbalances

CCGTNOriginal★★★☆☆2026-08-24 02:22

Four misconceptions behind the ‘overcapacity’ debate
Four misconceptions behind the ‘overcapacity’ debate

Northern Sea Route transport capacity to reach 45 mln tons by year-end — governor

Murmansk Region Governor Andrey Chibis says the Northern Sea Route’s transport capacity will reach 45 million tons by the end of 2026, taking into account newly built railways and the operating Lavna port. Logistics development for the Murmansk transport hub will be included in a broader Arctic and Trans-Arctic Transport Corridor project.

OtherNorthern Sea RouteArctic transportMurmansk

TTASSOriginal★★★☆☆2026-08-24 02:07

Northern Sea Route transport capacity to reach 45 mln tons by year-end — governor

Alibaba’s top executives buy US$15 million in shares after AI fundraising

Alibaba’s two top executives bought a combined HK$120 million (US$15.3 million) of the company’s ordinary shares on Monday, signaling confidence after the tech giant announced one of China’s largest AI-focused fundraising rounds. The placement was reportedly oversubscribed three times amid strong investor sentiment.

MarketsCompanies & industryTech & AIAlibabaartificial intelligenceshare purchasesfundraising

SSouth China Morning PostOriginal★★☆☆☆2026-08-24 01:59

Alibaba’s top executives buy US$15 million in shares after AI fundraising
Alibaba’s top executives buy US$15 million in shares after AI fundraising

Energy sector diversification to be discussed at Eastern Economic Forum — official

Russian Deputy Prime Minister Yury Trutnev said energy-sector diversification will be a key topic at the Eastern Economic Forum in Vladivostok on September 1-4, alongside production modernization, unmanned systems and new investment projects. Business dialogues with representatives from China, India, the UAE, Mongolia, Vietnam and ASEAN are also planned.

Macro & central banksEnergy & commoditiesEastern Economic Forumenergy diversificationRussia economy

TTASSOriginal★★☆☆☆2026-08-24 01:40

Energy sector diversification to be discussed at Eastern Economic Forum — official

UK productivity showing sustained improvement, economists say

Economists said on Monday that Britain’s economic productivity is beginning to improve consistently, raising the possibility that a prolonged downturn which started around the 2008 financial crisis and appeared to deepen after the COVID-19 pandemic may be ending.

Macro & central banksUK economyproductivityfinancial crisisCOVID-19

RReutersOriginal★★★☆☆2026-08-24 00:50

UK productivity showing sustained improvement, economists say
UK productivity showing sustained improvement, economists say

Canada Sees Trade War With US Lasting Beyond Midterms

Carney’s government reportedly doubts that talks with President Donald Trump can be revived before the US midterm elections. People familiar with the situation link that outlook to the failed trade negotiations, while the trade war could persist beyond the vote.

Trade & sanctionsCanadaUnited Statestrade wartariffs

BBloomberg NewsOriginal★★★★☆2026-08-24 00:30

Canada Sees Trade War With US Lasting Beyond Midterms
Canada Sees Trade War With US Lasting Beyond Midterms

Yuan and Hong Kong dollar bonds surge as issuers seek cheaper funding amid rising US costs

Bond issuance in Hong Kong dollars and yuan across Hong Kong and mainland China is expected to keep growing through the rest of the year. A Standard Chartered executive said rising US dollar funding costs are prompting issuers to turn to other currencies for cheaper borrowing and reduce reliance on dollar bonds.

Marketsbond issuanceHong Kong dollaryuanfunding costs

SSouth China Morning PostOriginal★★☆☆☆2026-08-24 00:00

Yuan and Hong Kong dollar bonds surge as issuers seek cheaper funding amid rising US costs
Yuan and Hong Kong dollar bonds surge as issuers seek cheaper funding amid rising US costs

China’s property crisis grinds on after Evergrande sentencing

The billionaire who once came to embody the boom and bust of China’s property market was sentenced to life in prison by a Chinese court last week. The punishment comes as the country’s property crisis continues.

Real EstateChina propertyEvergrandeHui Ka Yan

RReutersOriginal★★★☆☆2026-08-23 23:30

China’s property crisis grinds on after Evergrande sentencing
China’s property crisis grinds on after Evergrande sentencing

Hong Kong homebuyers snap up The Sterling units as value-focused demand deepens

Hong Kong buyers remain willing to spend, but demand is increasingly concentrating on projects with clear value as the housing recovery matures. China Resources Land’s The Sterling in Cheung Sha Wan sold all 180 units in its first price-list batch on Saturday, generating nearly HK$1.6 billion after receiving more than 46,000 subscriptions.

Companies & industryReal EstateHong Kong housinghome salesCheung Sha Wan

SSouth China Morning PostOriginal★★☆☆☆2026-08-23 23:00

Hong Kong homebuyers snap up The Sterling units as value-focused demand deepens
Hong Kong homebuyers snap up The Sterling units as value-focused demand deepens

The formidable challenges facing Tata’s next boss

Tata Sons chairman N Chandrasekaran resigned on 12 August after an alleged deadlock over his reappointment and differences with the Tata Trusts board. Finding a successor will be difficult as the conglomerate manages heavy investment and losses in new ventures including semiconductors, e-commerce and aviation, while investors face prolonged uncertainty over its future strategy.

Macro & central banksCompanies & industryTata Groupcorporate governanceleadership successionIndia economy

BBBC NewsOriginal★★★☆☆2026-08-23 22:35

The formidable challenges facing Tata’s next boss
The formidable challenges facing Tata’s next boss

Shein launches Hong Kong IPO targeting up to $1.8 billion

Online fast-fashion retailer Shein began book building for a Hong Kong initial public offering on Monday, seeking to raise as much as HK$13.86 billion, or about $1.77 billion, according to its offering prospectus.

MarketsSheinHong Kong IPOfast fashion

RReutersOriginal★★★☆☆2026-08-23 22:30

Shein launches Hong Kong IPO targeting up to $1.8 billion
Shein launches Hong Kong IPO targeting up to $1.8 billion

US economist Barry Eichengreen on the reality of de-dollarisation and the next currency reshuffle

American economist Barry Eichengreen discusses why today’s talk of “de-dollarisation” differs from earlier episodes and how close the world may be to a reshuffling of the international monetary system.

Macro & central banksMarketsde-dollarisationUS dollarinternational monetary system

SSouth China Morning PostOriginal★★☆☆☆2026-08-23 22:00

US economist Barry Eichengreen on the reality of de-dollarisation and the next currency reshuffle
US economist Barry Eichengreen on the reality of de-dollarisation and the next currency reshuffle

Indian Pharma Has Little Reason to Fear Trump

Indian pharmaceutical companies have supplied affordable medicines to American patients for decades. Their dominance will be hard to disrupt despite President Donald Trump’s threat of steep tariffs on imported generic drugs.

Trade & sanctionsCompanies & industryIndian pharmaceuticalsgeneric drugstariffsUnited States

BBloomberg NewsOriginal★★★☆☆2026-08-23 21:30

Indian Pharma Has Little Reason to Fear Trump
Indian Pharma Has Little Reason to Fear Trump

Major housing investment near Perth to boost apartment construction

The National Reconstruction Fund will invest $120m in a $240m advanced manufacturing project north of Perth, which is expected to produce 2,000 apartments a year when fully operational. The Western Australian government will provide a $20m grant and Wesfarmers a $100m equity investment. The government says the apartments could be built up to 20% cheaper and 50% faster than through traditional construction.

MarketsCompanies & industryReal Estatehousing investmentadvanced manufacturingPerth

TThe GuardianOriginal★★★☆☆2026-08-23 21:19

Major housing investment near Perth to boost apartment construction
Major housing investment near Perth to boost apartment construction

Iran discovers major new gas reserves amid war-hit energy sector

Iran said Sunday that it had found more than 200 billion cubic metres of natural gas in southern Fars province, including over 160 billion cubic metres that could potentially be recovered. The discovery comes as months of US-Israeli strikes on gas facilities, oil depots and transport routes disrupt Iran’s energy sector.

Energy & commoditiesIrannatural gasenergy sectorFars province

FFrance 24Original★★★☆☆2026-08-23 20:38

Iran discovers major new gas reserves amid war-hit energy sector
Iran discovers major new gas reserves amid war-hit energy sector
  • Large gas field discovered in Iran

    Iran has discovered a gas field in southern Fars province containing more than 212 billion cubic meters of gas, Oil Minister Mohsen Paknejad said. With an estimated recovery rate of 73–75%, around 161 billion cubic meters could be produced. The field also contains gas condensate, and authorities are urgently preparing its development.

    Irannatural gasFars provinceenergy development

    TTASS★★★☆☆2026-08-23 20:23Original

WorldIranian parliament speaker warns US sanctions will backfire on US economy

Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the United States’ new “economic warfare” against Iran would rebound on the US economy. He said pressure on Iran and disruptions in energy markets would ultimately harm Washington. Donald Trump had announced an unprecedented campaign of economic warfare and isolation, while Iran’s Foreign Ministry called the policy “economic terrorism and a crime against humanity.”

IranUS sanctionseconomic warfareenergy markets

TTASSOriginal★★★★☆2026-08-23 17:35

Iranian parliament speaker warns US sanctions will backfire on US economy
  • Iran has scenario to avoid impacts of US sanctions — IRGC spokesman

    IRGC spokesman Hossein Mohebi says Iran has prepared responses to every hostile US move and a plan to limit the effects of Washington’s new sanctions while expanding economic ties with other countries. He called Trump’s announced “economic warfare” an acknowledgment of US defeat on the military front; Iran’s Foreign Ministry branded the policy “economic terrorism and a crime against humanity.”

    IranUS sanctionseconomic warfareIRGC

    TTASS★★★★☆2026-08-23 15:41Original
  • Iran president defends US deal as best path to peace
    Iran president defends US deal as best path to peace

    Iranian President Masoud Pezeshkian defended the expired memorandum with the United States as the best way to end hostilities, saying Iran must remove risks to attract foreign investment. Tehran also said Pakistan’s top military leader, Asim Munir, will visit as Islamabad seeks to help mediate a resolution.

    IranUnited Statespeace talksPakistan

    DDW★★★★☆2026-08-23 14:49Original
  • Iran’s top diplomat compares US sanctions to a movie seen many times before

    Iranian Foreign Minister Abbas Araghchi says President Donald Trump’s new sanctions repeat a familiar scenario that Iran knows how to withstand. He calls Washington’s anti-Iranian course doomed to fail and urges respectful dialogue, while Iran’s Foreign Ministry condemns the policy as “economic terrorism and a crime against humanity.”

    IranUS sanctionseconomic pressure

    TTASS★★★☆☆2026-08-23 13:40Original
  • Iran says new sanctions threatened by 'desperate' US will fail
    Iran says new sanctions threatened by 'desperate' US will fail

    Iran says new sanctions threatened by what it calls a “desperate” United States will fail. Its economy is under severe pressure from sanctions, while thousands have died in airstrikes since February.

    IranUnited Statessanctionsairstrikes

    RReuters★★★★☆2026-08-23 12:35Original
  • Hormuz crisis hides a deeper oil threat that could outlast the war
    Hormuz crisis hides a deeper oil threat that could outlast the war

    Petroleum geologist Art Berman warns that about 8 million barrels per day of Persian Gulf production remains shut in, and restarting the wells is far more complicated than reopening the Strait of Hormuz. Some wells could need weeks or months to recover, while others may never fully regain their former output.

    Strait of Hormuzoil supplyPersian Gulfenergy markets

    FFox News★★★★☆2026-08-23 10:00Original
  • Middle East live: Iran president says country faces ‘many problems’ as US sanctions loom
    Middle East live: Iran president says country faces ‘many problems’ as US sanctions loom

    Iranian President Masoud Pezeshkian said Sunday that the country was dealing with “many problems,” including inflation, livelihood difficulties and unemployment, while authorities work to secure the people’s future. His remarks followed a US pledge to seek the regime’s “collapse” through a newly announced sanctions campaign.

    IranUS sanctionsinflationMiddle East

    FFrance 24★★★★☆2026-08-23 09:23Original
  • Iran escalates threats as US pushes economic isolation
    Iran escalates threats as US pushes economic isolation

    Tensions between Iran and the United States are continuing to rise. Tehran says it may consider any country joining US sanctions an enemy, in response to Washington’s drive to isolate Iran’s economy. The US is due to outline its strategy at a press conference on Monday.

    IranUnited Statessanctionseconomic isolation

    FFrance 24★★★★☆2026-08-23 09:02Original

The lesson from Canada’s collapsed trade talks with the US: negotiation may be futile

Observers say the collapse of Canada-US trade talks shows Washington now puts its own interests ahead of shared economic coordination, making a fair deal futile. The countries are entering a deepening trade war after the US imposed 50% tariffs on $20bn of Canadian goods. Prime Minister Mark Carney rejected late US demands and pledged dollar-for-dollar retaliation.

Trade & sanctionsCanadaUnited Statestrade wartariffs

TThe GuardianOriginal★★★★☆2026-08-23 17:24

The lesson from Canada’s collapsed trade talks with the US: negotiation may be futile
The lesson from Canada’s collapsed trade talks with the US: negotiation may be futile

Can Nigeria cash in on Iran war?

Nigeria’s Minister of State for Petroleum Resources, Ekperikpe Ekpo, says the US-Israel war on Iran has strained global gas markets and created an opening for Nigeria to expand production and attract investment. Plans include advancing the Nigeria-Morocco gas pipeline and LNG exports, while lowering domestic LPG prices, reducing gas flaring and moving 20 projects toward final investment decisions before 2030.

Energy & commoditiesNigerianatural gasLNGenergy markets

AAl JazeeraOriginal★★★☆☆2026-08-23 16:07

Can Nigeria cash in on Iran war?
Can Nigeria cash in on Iran war?

Canada, US and tit-for-tat tariffs: How will they impact their economies?

US President Donald Trump imposed a 50 percent tariff on about $20bn of Canadian goods after trade talks collapsed. Canadian Prime Minister Mark Carney announced dollar-for-dollar retaliation from September 8. Experts say the trade war will raise business costs and consumer prices, increase unemployment and hit sectors such as alcohol, dairy and furniture particularly hard.

Macro & central banksTrade & sanctionsCanadaUnited Statestariffstrade war

AAl JazeeraOriginal★★★★☆2026-08-23 15:54

Canada, US and tit-for-tat tariffs: How will they impact their economies?
Canada, US and tit-for-tat tariffs: How will they impact their economies?
  • Canada Hits Back on US Tariffs, Trump Stock Disclosures and More
    Canada Hits Back on US Tariffs, Trump Stock Disclosures and More

    Bloomberg News Now highlights Canada’s response to US tariffs, Donald Trump’s stock disclosures and other leading global business stories in an audio report updated throughout the day.

    CanadaUS tariffsDonald Trumpglobal business

    BBloomberg News★★★★☆2026-08-23 12:30Original
  • US-Canada trade talks collapse, leaving Mark Carney facing a crucial test
    US-Canada trade talks collapse, leaving Mark Carney facing a crucial test

    The long-standing allies and economic partners have been drawn into an escalating trade war. Canadian Prime Minister Mark Carney suspended talks with Donald Trump and chose retaliation, saying the US demanded too much while offering too little. He must now convince Canadians that enduring economic pain to secure a better deal is worthwhile.

    US-Canada trade wartariffsMark CarneyDonald Trump

    BBBC Chinese★★★★☆2026-08-23 11:36Original
  • ‘No more!!!’: Trump lashes out after US-Canada talks devolve into trade war
    ‘No more!!!’: Trump lashes out after US-Canada talks devolve into trade war

    Trade talks between the US and Canada have collapsed into a trade war, with Washington imposing 50% tariffs on $20bn of Canadian goods. Prime Minister Mark Carney says Canada was ‘attacked’ and vows to match the measures dollar for dollar, while the escalation puts the future of the USMCA in doubt.

    United StatesCanadatrade wartariffs

    TThe Guardian★★★★☆2026-08-23 11:00Original
  • US-Canada trade dispute escalates after Carney announces retaliatory tariffs
    US-Canada trade dispute escalates after Carney announces retaliatory tariffs

    US and Canadian negotiators had been nearing a trade agreement earlier this week, but talks collapsed after both governments accused the other of making last-minute changes. Prime Minister Mark Carney announced retaliatory tariffs after Washington imposed a 50% levy on $20 billion worth of Canadian goods, and addressed Canadians on Saturday for the first time since the breakdown.

    US-Canada traderetaliatory tariffsMark Carney

    FFrance 24★★★★☆2026-08-23 09:02Original
  • Trump says Canada wants ‘benefits of being a state’ as trade war deepens
    Trump says Canada wants ‘benefits of being a state’ as trade war deepens

    US President Donald Trump attacked Canada on Sunday, saying it wanted “the benefits of being a State, without being one.” His remarks followed Canadian Prime Minister Mark Carney’s announcement of retaliatory tariffs after describing the existing deal as a “bad deal.” Talks between the longtime allies broke down in Washington on Friday, signaling a widening rift.

    US-Canada relationstrade wartariffsDonald Trump

    FFrance 24★★★★☆2026-08-23 06:56Original
  • The Atlantic: Trump is losing the trade war with Canada

    The Atlantic says Donald Trump’s threats and pressure on Ottawa have failed to deliver results, leaving the US president behind in the trade conflict. Canadian Prime Minister Mark Carney said negotiations were suspended and Canada would impose retaliatory tariffs from September 8, while US tariffs of 50% on some Canadian goods took effect Saturday.

    Donald TrumpCanadatrade war

    TTASS★★★★☆2026-08-23 04:53Original
  • ‘You just can’t trust Trump’: Canadian premiers fire back in trade war
    ‘You just can’t trust Trump’: Canadian premiers fire back in trade war

    Canadian Prime Minister Mark Carney and provincial premiers have responded after US President Donald Trump imposed 50 percent tariffs on about $20bn of Canadian goods. British Columbia Premier David Eby said Trump cannot be trusted.

    CanadaDonald Trumptariffstrade war

    AAl Jazeera★★★★☆2026-08-23 03:42Original
  • Canada to hit US with retaliatory tariffs as trade war escalates
    Canada to hit US with retaliatory tariffs as trade war escalates

    Prime Minister Mark Carney says Canada will impose dollar-for-dollar tariffs on US steel, dairy, appliances, agricultural equipment, pulp and paper, electronics and other goods from September 8. He said Washington’s conditions were uneconomic, unfair and undermined Canada’s sovereignty after trade talks broke down.

    CanadaUnited Statestariffstrade war

    AAl Jazeera★★★★☆2026-08-23 02:34Original
  • Carney says Canada is now 'at war,' vows retaliatory tariffs on US goods
    Carney says Canada is now 'at war,' vows retaliatory tariffs on US goods

    Canadian Prime Minister Mark Carney said Canada was “at war” in its trade dispute with the United States and would impose tariffs on U.S. steel, electronics and other imports from September 8. The measures are intended to match President Donald Trump’s new 50% tariffs dollar for dollar after negotiations between the two countries collapsed.

    CanadaUnited Statestrade wartariffs

    CCGTN★★★★☆2026-08-23 01:04Original

Iran government signals fuel price hike on eve of new US sanctions

Iran’s government is preparing the public for another fuel-price increase as war and US pressure deepen economic strain. Food and other prices are already soaring, while past petrol hikes have sparked unrest, prompting authorities to proceed cautiously before an expected decision in the coming weeks.

Macro & central banksEnergy & commoditiesTrade & sanctionsIranfuel pricesUS sanctionseconomy

AAl JazeeraOriginal★★★★☆2026-08-23 15:38

Iran government signals fuel price hike on eve of new US sanctions
Iran government signals fuel price hike on eve of new US sanctions

Australia’s first home buyers keep taking out loans as property investors step back, data shows

First home buyers remain active in Australia’s housing market despite higher interest rates and tax changes, while investors retreat. Loan Market says new entrants are the only group making more loan applications than in June, with demand supported by the government’s 5% deposit guarantee scheme.

MarketsBanking & financeReal EstateAustralia housingfirst home buyersmortgagesgovernment guarantee

TThe GuardianOriginal★★★☆☆2026-08-23 15:00

Australia’s first home buyers keep taking out loans as property investors step back, data shows
Australia’s first home buyers keep taking out loans as property investors step back, data shows

Could Russia’s growing fuel crisis help end the Ukraine war?

Ukrainian attacks on Russian oil refineries have left at least 30 regions facing fuel shortages, with Moscow and nearby areas particularly affected. Rationing, long queues and declining fuel quality are hurting taxi, courier and construction businesses. Dissident economists warn the problems could develop into a broader economic and systemic crisis, while a Russian lawmaker expects supplies to normalize within two to three weeks.

Energy & commoditiesRussiafuel shortagesrefinery attacksUkraine war

DDWOriginal★★★★☆2026-08-23 14:42

Could Russia’s growing fuel crisis help end the Ukraine war?
Could Russia’s growing fuel crisis help end the Ukraine war?

Putin: Fuel issues are being resolved, Mishustin is keeping situation under control

Russian President Vladimir Putin said fuel problems have not all been resolved, but work to settle them is underway and Prime Minister Mikhail Mishustin is keeping the situation under control. A special commission has been established to address the issues.

Energy & commoditiesRussiafuel supplygovernment oversight

TTASSOriginal★★★☆☆2026-08-23 11:56

Putin: Fuel issues are being resolved, Mishustin is keeping situation under control
  • Putin: Government must keep fuel situation under control

    Russian President Vladimir Putin said the country’s fuel issue must remain under government control. He acknowledged that people are facing certain inconveniences but said the government must keep the situation under control.

    RussiaVladimir Putinfuelgovernment

    TTASS★★★☆☆2026-08-23 11:22Original

Wall Street helped build modern China. But is it now being cast aside?

For decades, Wall Street figures including Henry Paulson, Stephen Schwarzman and Ray Dalio were celebrated as “old friends of China,” welcomed by senior officials and given rare access to the country’s top leadership. American financiers still visit and do business in China, but private meetings with top leaders have largely diminished.

MarketsChinaWall Streetcapital marketsUS-China finance

SSouth China Morning PostOriginal★★★☆☆2026-08-23 10:00

Wall Street helped build modern China. But is it now being cast aside?
Wall Street helped build modern China. But is it now being cast aside?

Buc-ee’s faces Ohio backlash over mini-mart’s beaver logo

A small Ohio convenience shop’s beaver emblem is at the center of a dispute that has put Buc-ee’s under fire. The gas-station chain is facing criticism over a trademark case, one of the infringement suits it frequently pursues.

OtherBuc-ee’sOhiotrademark lawsuit

TThe Associated PressOriginal★★☆☆☆2026-08-23 09:33

Buc-ee’s faces Ohio backlash over mini-mart’s beaver logo
Buc-ee’s faces Ohio backlash over mini-mart’s beaver logo

South Korea sends first container ship to Europe via Arctic route

South Korea has sent its first container ship along the Arctic route to Europe, seeking to avoid a traffic blockade in the Middle East. Experts warn that the shift could further accelerate the melting of polar ice.

Trade & sanctionsSouth KoreaArctic routecontainer shippingpolar ice melt

FFrance 24Original★★☆☆☆2026-08-23 09:03

South Korea sends first container ship to Europe via Arctic route
South Korea sends first container ship to Europe via Arctic route