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Poland sees 2027 budget deficit at 7.1% of GDP, growth at 3%

Poland expects its general government deficit to hold at 7.1% of GDP in 2027, matching the level currently planned for this year. Finance Minister Andrzej Domanski said record deliveries of military equipment are fueling the deficit, while growth is forecast at 3%.

Macro & central banksPolandbudget deficiteconomic growthmilitary spending

RReutersOriginal★★★☆☆2026-08-28 18:10

Poland sees 2027 budget deficit at 7.1% of GDP, growth at 3%
Poland sees 2027 budget deficit at 7.1% of GDP, growth at 3%

Fed Chair Warsh sounds inflation alarm, warns US interest rates could rise

Federal Reserve Chair Kevin Warsh warns that US interest rates could increase if inflation remains above 2%.

Macro & central banksFederal Reserveinflationinterest rates

TTRT WorldOriginal★★★☆☆2026-08-28 18:01

Fed Chair Warsh sounds inflation alarm, warns US interest rates could rise
Fed Chair Warsh sounds inflation alarm, warns US interest rates could rise
  • US Fed chair warns inflation progress is insufficient, hints at rate hikes
    US Fed chair warns inflation progress is insufficient, hints at rate hikes

    Federal Reserve Chair Kevin Warsh said at Jackson Hole that the central bank would have more work to do if it could not confirm underlying inflation was returning to its 2 percent target quickly enough. He said financial conditions did not appear restrictive enough, leaving open the possibility of rate hikes, while stressing he offered no timeline or forward guidance.

    Federal Reserveinflationinterest ratesJackson Hole

    AAl Jazeera★★★☆☆2026-08-28 17:22Original
  • Warsh says Fed has ‘work to do’ if US price rises fail to ease
    Warsh says Fed has ‘work to do’ if US price rises fail to ease

    Federal Reserve chair Kevin Warsh said summer inflation readings had improved less than expected but had not meaningfully changed the picture. He said the Fed must be confident underlying inflation is moving back to its 2% target quickly enough, otherwise it has “work to do”, suggesting rates could rise while stressing this was not forward guidance.

    Federal Reserveinflationinterest ratesUS economy

    BBBC News★★★★☆2026-08-28 15:15Original
  • Wall St muted after Fed Chair Warsh's speech; AI rally cools
    Wall St muted after Fed Chair Warsh's speech; AI rally cools

    Wall Street’s main indexes were subdued on Friday after Federal Reserve Chair Kevin Warsh reiterated his focus on returning inflation to the central bank’s 2% target. A rally fueled by artificial intelligence stocks in the previous session also faded.

    Federal Reserveinflation targetWall Streetartificial intelligence

    RReuters★★☆☆☆2026-08-28 15:10Original

Canada Goose Loses Bull as El Niño and US Tariff Problems Heat Up

One of Canada Goose Holdings’ few remaining bullish analysts has turned bearish, warning that unusually warm weather, weakness in Europe and fallout from US-Canada trade negotiations could hurt the outerwear maker during the crucial holiday season.

Trade & sanctionsCanada GooseEl NiñoUS tariffs

BBloomberg NewsOriginal★★☆☆☆2026-08-28 18:00

Canada Goose Loses Bull as El Niño and US Tariff Problems Heat Up
Canada Goose Loses Bull as El Niño and US Tariff Problems Heat Up

India’s forex reserves hit record $729 billion on sustained capital inflows

India’s foreign exchange reserves rose to a record $729.33 billion in the week ending August 21, central bank data showed. The increase was supported by continued capital inflows following regulatory measures aimed at strengthening the country’s balance of payments.

MarketsIndiaforeign exchange reservescapital inflows

RReutersOriginal★★★☆☆2026-08-28 17:35

India’s forex reserves hit record $729 billion on sustained capital inflows
India’s forex reserves hit record $729 billion on sustained capital inflows

U.S. equity funds register biggest weekly outflow since March as Nvidia results and Fed event loom

U.S. stock funds saw their heaviest weekly outflow in five months in the period ending Aug. 26. Investors were rethinking artificial intelligence’s prospects before Nvidia reported results and waiting for remarks from Federal Reserve Chair Kevin Warsh that could prove pivotal.

Macro & central banksMarketsCompanies & industryTech & AIU.S. stocksfund flowsNvidiaFederal Reserve

RReutersOriginal★★☆☆☆2026-08-28 17:15

U.S. equity funds register biggest weekly outflow since March as Nvidia results and Fed event loom
U.S. equity funds register biggest weekly outflow since March as Nvidia results and Fed event loom

How Does a Gasoline Crisis Vanish Overnight? Ask Nizhny Novgorod on Putin’s Visit

Vladimir Putin arrived in Nizhny Novgorod on August 28, when most gas stations had gasoline despite some queues and limited choice. A week earlier, many stations had run dry amid the fuel crisis. Putin is expected to speak at a forum whose dates were shifted to accommodate his visit.

Energy & commoditiesRussiaVladimir Putingasoline crisisNizhny Novgorod

MMeduzaOriginal★★☆☆☆2026-08-28 17:06

How Does a Gasoline Crisis Vanish Overnight? Ask Nizhny Novgorod on Putin’s Visit
How Does a Gasoline Crisis Vanish Overnight? Ask Nizhny Novgorod on Putin’s Visit

Canadian economy rebounds sharply in Q2, but US tariffs cloud outlook

Canada’s economy grew at an annualised 3.3 percent in the second quarter, its fastest pace since 2023, as exports, consumer spending and business investment rebounded. Strong domestic demand suggests the economy was absorbing earlier US tariff pressures, but a new 50 percent US tariff and Canadian countermeasures have renewed uncertainty over future growth.

Macro & central banksTrade & sanctionsCanada economyUS tariffsdomestic demand

AAl JazeeraOriginal★★★☆☆2026-08-28 16:59

Canadian economy rebounds sharply in Q2, but US tariffs cloud outlook
Canadian economy rebounds sharply in Q2, but US tariffs cloud outlook

Gazprom Group slightly downgrades 2026 investment forecast

Gazprom Group has marginally reduced its projected 2026 investment to 2.698 trillion rubles ($31.3 billion), from 2.699 trillion rubles previously. The company invested 1.615 trillion rubles in 2025, while total investment reached 2.863 trillion rubles last year. CEO Alexey Miller said spending is funded from operating cash flow and the group’s financial position is stable and secure.

MarketsEnergy & commoditiesGazprominvestmentenergyfinance

TTASSOriginal★★☆☆☆2026-08-28 16:58

Gazprom Group slightly downgrades 2026 investment forecast

BlackRock’s Bitcoin ETF regains key weekly options expiries after rule overhaul

MIAX restored Monday and Wednesday short-term options expiries for BlackRock’s iShares Bitcoin Trust ETF after introducing a lower-threshold Tier 2 framework. The listing began Aug. 18, but the venue-specific move does not represent a market-wide change in IBIT options or show how the new expiries will affect trading or Bitcoin volatility.

MarketsCryptoBlackRockBitcoin ETFoptionsMIAX

CCryptoSlateOriginal★★☆☆☆2026-08-28 16:55

BlackRock’s Bitcoin ETF regains key weekly options expiries after rule overhaul
BlackRock’s Bitcoin ETF regains key weekly options expiries after rule overhaul

Portugal secures €16.3 billion in EU grants after completing reforms

Portugal has completed all 44 reforms required by Brussels under its post-pandemic recovery plan, Economy Minister said on Friday. The achievement qualifies the country for €16.3 billion in EU grants to support more than 100 projects.

OtherPortugalEU grantseconomic recovery

RReutersOriginal★★★☆☆2026-08-28 16:45

Portugal secures €16.3 billion in EU grants after completing reforms
Portugal secures €16.3 billion in EU grants after completing reforms

Gaza forced to use unreliable online payments amid ‘cash famine’

Israeli restrictions and war damage have triggered a liquidity crisis in Gaza, crippling banks and everyday commerce. A shortage of usable cash, destroyed banking infrastructure and problems with replacement identity documents have left many residents unable to access accounts or make merchants accept their banknotes, forcing them toward difficult electronic transfers for routine purchases.

Banking & financeGazacash shortagedigital paymentsbanking system

AAl JazeeraOriginal★★★☆☆2026-08-28 16:44

Gaza forced to use unreliable online payments amid ‘cash famine’
Gaza forced to use unreliable online payments amid ‘cash famine’

Warsh settles some nerves at Jackson Hole

Warsh’s speech offered a clearer picture of how he interprets the economy, while leaving unresolved questions about the Federal Reserve’s ‘reaction function’.

Macro & central banksFederal ReserveJackson Holemonetary policy

FFinancial TimesOriginal★★☆☆☆2026-08-28 16:38

Warsh settles some nerves at Jackson Hole

USDC promoted to the Premier League through Chelsea shirt sponsorship

Chelsea has named Circle Internet Group its principal and official front-of-shirt partner for the 2026/27 season, placing Circle and USDC branding on its men’s, women’s and academy kits. The marks are expected to debut on Aug. 30 against Brighton. The agreement is currently a branding sponsorship, not a Chelsea payment product or an offer to use USDC for purchases.

CryptoUSDCChelseacryptocurrencyshirt sponsorship

CCryptoSlateOriginal★★☆☆☆2026-08-28 15:45

USDC promoted to the Premier League through Chelsea shirt sponsorship
USDC promoted to the Premier League through Chelsea shirt sponsorship

Four South American nations sign strategic minerals pact

Chile, Argentina, Bolivia and Peru signed a joint declaration on Friday to deepen cooperation on strategic minerals. The four producers aim to strengthen development, coordination and investment while positioning the region as a reliable global supplier for the energy transition.

Energy & commoditiesstrategic mineralsSouth Americaenergy transition

RReutersOriginal★★★★☆2026-08-28 15:40

Four South American nations sign strategic minerals pact
Four South American nations sign strategic minerals pact

EXCLUSIVE: Russia’s gasoline output falls to 70% of domestic demand after drone attacks, sources say

Russia’s gasoline production fell to roughly 70% of domestic consumption by late August after a series of drone attacks forced major refineries to halt operations, according to two industry sources.

Energy & commoditiesRussiagasolinerefineriesdrone attacks

RReutersOriginal★★★★☆2026-08-28 15:35

EXCLUSIVE: Russia’s gasoline output falls to 70% of domestic demand after drone attacks, sources say
EXCLUSIVE: Russia’s gasoline output falls to 70% of domestic demand after drone attacks, sources say

BlackRock’s IBIT captured 115% of one day’s US Bitcoin ETF net inflows

BlackRock’s iShares Bitcoin Trust attracted $277.6 million on Aug. 27, exceeding the $242.3 million net inflow recorded by all US spot Bitcoin ETFs combined. Redemptions at Fidelity and Grayscale left every fund outside IBIT with a collective $35.3 million outflow. IBIT supplied about 75.6% of the roughly $3.05 billion entering the sector during its nine-session inflow streak.

MarketsCryptoBlackRockBitcoin ETFsfund flows

CCryptoSlateOriginal★★☆☆☆2026-08-28 14:55

BlackRock’s IBIT captured 115% of one day’s US Bitcoin ETF net inflows
BlackRock’s IBIT captured 115% of one day’s US Bitcoin ETF net inflows

Sugar price on exchange hits highest level since April 2025

October 2026 sugar futures on London’s ICE rose above 18.5 cents per pound for the first time since April 8, 2025. At 10:54 a.m. Moscow time, the contract was up 2.58% at 18.66 cents before later falling to 17.94 cents, down 1.37%.

Energy & commoditiessugar pricesfuturesLondon ICE

TTASSOriginal★★☆☆☆2026-08-28 14:25

Sugar price on exchange hits highest level since April 2025

BYD posts US$1.2 billion second-quarter profit on surging global demand

Chinese electric vehicle maker BYD reported second-quarter net income of 8.2 billion yuan (US$1.2 billion), up 30 per cent from a year earlier. Strong overseas sales and premium models improved its net margin and profitability, ending a five-quarter losing streak and beating the 8 billion yuan consensus estimate.

Companies & industryBYDelectric vehiclesquarterly profit

SSouth China Morning PostOriginal★★★☆☆2026-08-28 14:11

BYD posts US$1.2 billion second-quarter profit on surging global demand
BYD posts US$1.2 billion second-quarter profit on surging global demand

Pipelines and ports: Iran war spurs Gulf infrastructure investment

The Iran war is redrawing the global trade map and pushing Gulf nations to overhaul their investment strategies. They are directing capital into infrastructure such as energy pipelines and ports to withstand the conflict’s fallout.

Macro & central banksMarketsEnergy & commoditiesTrade & sanctionsIran warGulf statesinfrastructure investment

RReutersOriginal★★★★☆2026-08-28 14:05

Pipelines and ports: Iran war spurs Gulf infrastructure investment
Pipelines and ports: Iran war spurs Gulf infrastructure investment

JPMorgan’s IBIT Bitcoin ETF note misses early-call trigger

The iShares Bitcoin Trust ETF closed at $44.46 on Aug. 26, below the $63.69 level required to trigger an early call on JPMorgan’s $21.374 million structured note. Investors therefore retain an unsecured, non-interest-bearing obligation with potentially limited liquidity, while the final payoff remains tied to IBIT’s price in 2028.

MarketsCryptoBanking & financeBitcoin ETFJPMorganstructured notescrypto finance

CCryptoSlateOriginal★★☆☆☆2026-08-28 13:45

JPMorgan’s IBIT Bitcoin ETF note misses early-call trigger
JPMorgan’s IBIT Bitcoin ETF note misses early-call trigger

Global equity funds snap 13-week inflow streak

Global equity funds ended a 13-week run of inflows in the week through August 26, as investors adopted a cautious stance before AI heavyweight Nvidia’s earnings report and potentially pivotal comments from Federal Reserve Chair Kevin Warsh.

Macro & central banksMarketsTech & AIglobal equity fundscapital flowsNvidiaFederal Reserve

RReutersOriginal★★☆☆☆2026-08-28 13:40

Global equity funds snap 13-week inflow streak
Global equity funds snap 13-week inflow streak

SBI Holdings invests $270 million in Ajaib for 20% stake

SBI Holdings is investing $270 million in Ajaib for a 20% stake as it expands its push into Asia’s digital-asset market. Ajaib offers crypto and stablecoins alongside traditional investments, as well as over-the-counter settlement services for institutional clients.

MarketsCryptoCompanies & industrySBI HoldingsAjaibdigital assets

TThe BlockOriginal★★☆☆☆2026-08-28 13:32

SBI Holdings invests $270 million in Ajaib for 20% stake
SBI Holdings invests $270 million in Ajaib for 20% stake

China’s trade in services tops $1 trillion: What comes next?

China’s Ministry of Commerce and Beijing officials outlined the growth of services trade and preparations for the 2026 CIFTIS. The fair is expected to draw about 90 countries, regions and international organizations and more than 1,800 exhibitors, while debuting a zone for services supporting overseas expansion. China’s services trade exceeded $1 trillion during the 14th Five-Year Plan period.

Trade & sanctionsChina services tradeCIFTISBeijingopen cooperation

CChina News ServiceOriginal★★★☆☆2026-08-28 13:18

China’s trade in services tops $1 trillion: What comes next?

Lukoil reports 1.5-fold rise in IFRS net profit for first half

Lukoil said net profit attributable to shareholders under IFRS rose 1.5-fold year on year to 430.9 billion rubles ($5 billion) in the first half of 2026. Sales revenue increased 8% to 2.06 trillion rubles ($24 billion), while operating profit, pretax profit and EBITDA also posted strong gains.

Energy & commoditiesCompanies & industryLukoilnet profitoil industryfinancial results

TTASSOriginal★★★☆☆2026-08-28 13:06

Lukoil reports 1.5-fold rise in IFRS net profit for first half

Wall St Week Ahead: Jobs report, Broadcom results pose next hurdles for stock market rally

A fresh reading on the U.S. labor market next week and quarterly results from semiconductor company Broadcom will test a stock-market rally that has pushed shares close to record highs.

Macro & central banksMarketsCompanies & industryWall Streetjobs reportBroadcomstock market

RReutersOriginal★★☆☆☆2026-08-28 13:01

Wall St Week Ahead: Jobs report, Broadcom results pose next hurdles for stock market rally
Wall St Week Ahead: Jobs report, Broadcom results pose next hurdles for stock market rally

Bernstein says IREN’s $25 billion-$30 billion AI buildout may have spooked investors

Bernstein says IREN’s planned $25 billion-$30 billion AI expansion may have unsettled investors. The company has $4 billion in contracted cloud ARR for 2026 capacity and has secured more than $20 million in annual revenue per IT megawatt through recent deals.

MarketsTech & AIIRENAIinvestorscloud computing

TThe BlockOriginal★★☆☆☆2026-08-28 12:57

Bernstein says IREN’s $25 billion-$30 billion AI buildout may have spooked investors
Bernstein says IREN’s $25 billion-$30 billion AI buildout may have spooked investors

Zero-revenue public company copied Michael Saylor with a Bitcoin deal — and its stock crashed 25%

Alpha Modus agreed to issue more than 10 times its existing share count and warrants to 10 non-US investors in exchange for 3,170 Bitcoin. Shares fell 25% after the announcement. The unsigned transaction is intended to strengthen equity and help preserve the Nasdaq listing, but would heavily dilute shareholders; the company has no revenue and faces substantial going-concern doubt.

MarketsCryptoCompanies & industryAlpha ModusBitcoinNasdaqshare dilution

CCryptoSlateOriginal★★☆☆☆2026-08-28 12:50

Zero-revenue public company copied Michael Saylor with a Bitcoin deal — and its stock crashed 25%
Zero-revenue public company copied Michael Saylor with a Bitcoin deal — and its stock crashed 25%

COMMENTARY: Hormuz gridlock, Canada clash and Nvidia nerves: The financial week in five charts

Reuters Open Interest’s weekly Friday feature distills the financial week into five charts, highlighting the main trends, surprises and overlooked moves of the past five days. This edition focuses on gridlock around Hormuz, a clash involving Canada and investor nerves over Nvidia.

MarketsEnergy & commoditiesTech & AIfinancial marketsStrait of HormuzCanadaNvidia

RReutersOriginal★★☆☆☆2026-08-28 12:50

COMMENTARY: Hormuz gridlock, Canada clash and Nvidia nerves: The financial week in five charts
COMMENTARY: Hormuz gridlock, Canada clash and Nvidia nerves: The financial week in five charts

Explainer: Can Volkswagen bypass board opposition to push through its overhaul?

Volkswagen’s supervisory board is due to meet in a week to consider its biggest-ever turnaround plan, which has set management against unions and the state of Lower Saxony, the company’s second-largest shareholder.

Companies & industryVolkswagencorporate restructuringunionsLower Saxony

RReutersOriginal★★★☆☆2026-08-28 12:45

Explainer: Can Volkswagen bypass board opposition to push through its overhaul?
Explainer: Can Volkswagen bypass board opposition to push through its overhaul?

Ethena looks beyond crypto to tap booming equity perpetuals for yield

Ethena is turning to equity perpetuals as a source of income beyond crypto. The issuer of the $4 billion USDe token forecasts that, over the next 12 to 24 months, perpetuals linked to real-world assets will make up more of its backing than crypto derivatives.

MarketsCryptoEthenaUSDe tokenequity perpetualsreal-world assets

CCoinDeskOriginal★★☆☆☆2026-08-28 12:30

Ethena looks beyond crypto to tap booming equity perpetuals for yield
Ethena looks beyond crypto to tap booming equity perpetuals for yield

Russia’s Sberbank sees more rate cuts and higher growth this year despite Ukrainian attacks

Sberbank chief economist Alexander Isakov told Reuters that Russia’s central bank will keep cutting its key rate, taking it from 14% to 13.5% by year-end, despite Ukrainian attacks on economic targets.

Macro & central banksBanking & financeRussia economyinterest ratesSberbank

RReutersOriginal★★★☆☆2026-08-28 12:30

Russia’s Sberbank sees more rate cuts and higher growth this year despite Ukrainian attacks
Russia’s Sberbank sees more rate cuts and higher growth this year despite Ukrainian attacks

HKEX Tech 100 adds Pony AI and WeRide in AI-focused index revamp

Hong Kong Exchanges and Clearing will add 10 companies, including autonomous-driving firms Pony AI and WeRide, to its Tech 100 Index in a quarterly reshuffle. The changes will increase the benchmark’s exposure to artificial intelligence and other emerging technologies.

Tech & AIHKEXTech 100 Indexartificial intelligenceautonomous driving

SSouth China Morning PostOriginal★★☆☆☆2026-08-28 12:19

HKEX Tech 100 adds Pony AI and WeRide in AI-focused index revamp
HKEX Tech 100 adds Pony AI and WeRide in AI-focused index revamp

SBI buys 20% of Indonesia’s Ajaib for $270 million to expand yen stablecoin in Southeast Asia

Japanese financial giant SBI is acquiring a 20% stake in Indonesian online brokerage Ajaib for $270 million. The deal is intended to create a cross-border, blockchain-based settlement network and expand a yen stablecoin across Southeast Asia.

MarketsCryptoSBIAjaibyen stablecoinblockchain settlement

CCoinDeskOriginal★★☆☆☆2026-08-28 12:18

SBI buys 20% of Indonesia’s Ajaib for $270 million to expand yen stablecoin in Southeast Asia
SBI buys 20% of Indonesia’s Ajaib for $270 million to expand yen stablecoin in Southeast Asia

Mechel’s IFRS net loss rises 2.5% to $482.84 million in first half

Mechel reported an IFRS net loss of 41.5 billion rubles ($482.84 million) for the first half of 2026, up 2.5% from a year earlier. Revenue fell 23% to 117.35 billion rubles, while adjusted EBITDA rose 6.3% to 6.05 billion rubles. Net debt stood at 289.6 billion rubles on June 30.

Energy & commoditiesCompanies & industryMechelfinancial resultscoal and steelnet loss

TTASSOriginal★★☆☆☆2026-08-28 12:10

Mechel’s IFRS net loss rises 2.5% to $482.84 million in first half

Nigeria targets lower transport fares as CNG use expands

President Bola Ahmed Tinubu says Nigeria’s federal and state governments will work to reduce transport fares by passing on savings from compressed natural gas and electric vehicles. A joint committee will implement the plan, with lower fares targeted from October 1 as the country moves toward 1,000 CNG stations.

Energy & commoditiesNigeriatransport faresCNGfuel costs

CCGTNOriginal★★★☆☆2026-08-28 11:38

Nigeria targets lower transport fares as CNG use expands
Nigeria targets lower transport fares as CNG use expands

China home prices seen falling slightly less this year, property investment slump deepens: Reuters poll

China’s home prices are expected to decline slightly less this year than previously forecast, while property investment and sales are projected to fall more sharply, highlighting that the crisis-hit sector has yet to stabilise, a Reuters poll showed.

MarketsReal EstateChina home pricesproperty sectorproperty investment

RReutersOriginal★★★☆☆2026-08-28 11:05

China home prices seen falling slightly less this year, property investment slump deepens: Reuters poll
China home prices seen falling slightly less this year, property investment slump deepens: Reuters poll

Europe injects 39 bcm of gas into storage facilities for next winter

EU countries have injected more than 39 billion cubic meters of gas into underground storage since April, meeting just 58% of the volume needed for the coming winter. Storage sites were 63.8% full on August 26, the lowest level recorded for that date, raising the risk that Europe will enter the heating season with record-low inventories.

Energy & commoditiesEuropenatural gasgas storageenergy security

TTASSOriginal★★★★☆2026-08-28 10:57

Europe injects 39 bcm of gas into storage facilities for next winter

Regular container shipping via Northern Sea Route becomes ‘Ice Silk Road’ — Kobyakov

Anton Kobyakov, a Russian presidential adviser and executive secretary of the Eastern Economic Forum’s organizing committee, says regular container shipping through the Northern Sea Route has become an “Ice Silk Road.” He said the route offers unprecedented opportunities as logistics chains are disrupted and traditional routes face military and political tensions.

Trade & sanctionsNorthern Sea RouteIce Silk Roadcontainer shipping

TTASSOriginal★★☆☆☆2026-08-28 10:55

Regular container shipping via Northern Sea Route becomes ‘Ice Silk Road’ — Kobyakov
  • Northern Sea Route development requires bunkering, ship repair network — Trutnev

    Russian Deputy Prime Minister Yury Trutnev says expanding the Northern Sea Route requires bunkering facilities, ship repair sites and rescue stations along the corridor. He also says ports, river links and a new rail route are needed to bring cargo from across Russia to the Arctic route.

    Northern Sea Routeinfrastructureshipping

    TTASS★★☆☆☆2026-08-28 10:55Original

Didi plans to invest over $200 million in Argentina this year, manager says

Chinese ride-hailing company Didi Global expects to invest more than $200 million in Argentina this year. The funding will support new services in smaller cities and the development of safety technology, the company’s country manager said.

MarketsDidi GlobalArgentinainvestmentride-hailing

RReutersOriginal★★☆☆☆2026-08-28 10:50

Didi plans to invest over $200 million in Argentina this year, manager says
Didi plans to invest over $200 million in Argentina this year, manager says

Visa, Mastercard cards to virtually disappear in Russia within several years — Sber

The share of Visa and Mastercard cards among Sberbank customers is falling every quarter, Deputy Chairman and CFO Taras Skvortsov said. He expects the cards to be gradually phased out as they wear out, leaving Russians with virtually none within several years.

Banking & financeRussiaVisaMastercardbank cards

TTASSOriginal★★★☆☆2026-08-28 10:46

Visa, Mastercard cards to virtually disappear in Russia within several years — Sber

Aksakov says Russia’s banking sector shows no alarming signs despite sanctions

State Duma Financial Market Committee Chairman Anatoly Aksakov said Russia’s banking resilience should be judged by financial performance and the ability to adapt payment infrastructure, not by the number of institutions under sanctions. The sector posted record first-half profits, though the market is becoming more polarized and smaller banks face greater funding and income pressures.

Macro & central banksTrade & sanctionsBanking & financeCompanies & industryRussian bankingsanctionsbank profitsfinancial infrastructure

TTASSOriginal★★★☆☆2026-08-28 10:39

Aksakov says Russia’s banking sector shows no alarming signs despite sanctions