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ECB rate hike looms as energy shock pushes inflation to 3.3%

Eurozone inflation has reached 3.3% as energy costs surge, prompting markets to price in another European Central Bank rate increase on 10 September. ECB economists say the energy-driven episode differs sharply from the demand-led inflation surge of 2021-22.

Macro & central banksEnergy & commoditiesECBeurozone inflationenergy pricesinterest rates

EeuronewsOriginal★★★★☆2026-09-02 05:00

ECB rate hike looms as energy shock pushes inflation to 3.3%

Mohe-Nayba international transport corridor to be built in Russian Far East

An agreement signed at the Eastern Economic Forum will establish the Mohe-Nayba international transport corridor in Russia’s Far East, creating a short route from northeastern China to the Arctic coast. Plans include a Chinese border crossing, Nayba deepwater port and more than 2,900 km of new railways, with annual freight capacity of about 2 million metric tons.

Macro & central banksRussian Far Easttransport corridorChina border crossingrailway construction

TTASSOriginal★★★☆☆2026-09-02 04:58

Mohe-Nayba international transport corridor to be built in Russian Far East

Russia’s hard-to-recover gas reserves and resources estimated at around 30 tcm

Russia’s hard-to-recover gas reserves and resources have an estimated potential of about 30 trillion cubic meters, Natural Resources Minister Alexander Kozlov said. The ministry supports state assistance for companies moving into hard-to-recover hydrocarbon production, which could extend the life of unique fields.

Energy & commoditiesRussianatural gashard-to-recover reserves

TTASSOriginal★★★☆☆2026-09-02 04:50

Russia’s hard-to-recover gas reserves and resources estimated at around 30 tcm

Taiwan says companies plan another $20 billion investment in US

Taiwanese companies are planning to invest a further $20 billion in the United States, Taiwan’s economy minister said, citing demand for artificial intelligence applications. The minister gave no details, while a visiting U.S. official responded warmly.

MarketsCompanies & industryTech & AITaiwanUnited Statesartificial intelligenceinvestment

RReutersOriginal★★★☆☆2026-09-02 04:50

Taiwan says companies plan another $20 billion investment in US
Taiwan says companies plan another $20 billion investment in US

Container shipping via Northern Sea Route growing exponentially — Grushko

Russian Deputy Foreign Minister Alexander Grushko says container shipping along the Northern Sea Route is expanding exponentially, not incrementally, as Russia’s partners show growing interest in the route. He said the first significant Asia-Europe container shipments began this year and their scale is expected to increase sharply.

Trade & sanctionsNorthern Sea Routecontainer shippingRussiaAsia-Europe trade

TTASSOriginal★★☆☆☆2026-09-02 04:48

Container shipping via Northern Sea Route growing exponentially — Grushko
  • Freight traffic on Northern Sea Route rises 13% in five months

    Freight traffic along Russia’s Northern Sea Route reached 12.9 million metric tons in the first five months of 2026, up 13% from previous years, Deputy Minister Anton Basansky said. He added that transit freight traffic had also increased.

    Northern Sea Routefreight trafficRussia

    TTASS★★☆☆☆2026-09-02 04:32Original

Cuba’s tourism plummets 62% after US pressure and energy embargo

Cuba’s tourism industry has plunged as the United States intensifies pressure on the island this year. Official figures show visitor numbers fell 62% from January through July compared with the same period in 2025.

Energy & commoditiesTrade & sanctionsCompanies & industryCuba tourismUS pressureenergy embargo

TThe Associated PressOriginal★★★☆☆2026-09-02 04:30

Cuba’s tourism plummets 62% after US pressure and energy embargo
Cuba’s tourism plummets 62% after US pressure and energy embargo

Kalshi and Polymarket combined volume falls 15% in August, first monthly decline in a year

Kalshi recorded $37.17 billion in August volume, while Polymarket and its US platform together posted $8.16 billion. Combined volume at the two platforms fell 15%, marking the first monthly decline in a year.

MarketsCryptoPrediction marketsTrading volumeKalshiPolymarket

TThe BlockOriginal★★☆☆☆2026-09-02 04:28

Kalshi and Polymarket combined volume falls 15% in August, first monthly decline in a year
Kalshi and Polymarket combined volume falls 15% in August, first monthly decline in a year

Russian carmaker Moskvich plans to produce over 20,000 cars in 2026

Moskvich plans to produce more than 20,000 vehicles in 2026, including 5,000-6,000 M70 and M90 cars, CEO Elena Frolova said. She expects September sales to reach 1,200-1,500 vehicles after about 1,200 in August, while production continues to rise steadily.

Companies & industryRussian auto industryMoskvichvehicle production

TTASSOriginal★★☆☆☆2026-09-02 04:27

Russian carmaker Moskvich plans to produce over 20,000 cars in 2026

Advanced economies’ sovereign bonds hit record $59 trillion in 2025 — Siluanov

Russian Finance Minister Anton Siluanov said sovereign bonds issued by advanced economies reached a record $59 trillion in 2025, while gross borrowing totaled $17 trillion, with about 80% used to refinance existing debt. He said persistent budget deficits have driven up debt in major advanced economies and called for a return to fiscal discipline.

Macro & central banksMarketssovereign bondsgovernment debtfiscal disciplineG20

TTASSOriginal★★★☆☆2026-09-02 04:24

Advanced economies’ sovereign bonds hit record $59 trillion in 2025 — Siluanov

WorldZelensky tells airlines to avoid Russian airspace as Ukraine expands drone operations

Volodymyr Zelensky warns airlines, insurers and operators serving Russian airports that the country’s airspace is becoming extremely dangerous as Ukraine intensifies drone strikes. Vladimir Putin calls the warning a “declaration of state terrorism” and says Russia will continue escalating its attacks on Ukraine.

UkraineRussiadrone strikesaviation safety

BBBC NewsOriginal★★★★☆2026-09-02 04:23

Zelensky tells airlines to avoid Russian airspace as Ukraine expands drone operations
Zelensky tells airlines to avoid Russian airspace as Ukraine expands drone operations
  • Zelenskyy warns airlines as Ukrainian drones target Russian airspace
    Zelenskyy warns airlines as Ukrainian drones target Russian airspace

    President Volodymyr Zelenskyy warned that Ukrainian drones will keep operating over Russia, making its airspace increasingly unsafe for civilian aviation. He said Ukraine is targeting military infrastructure that supports Russia’s war effort.

    UkraineRussiadrone attackscivilian aviation

    AAl Jazeera★★★★☆2026-09-01 21:03Original
  • Putin calls Zelensky’s warning to civilian airlines in Russian airspace a ‘bid for state terrorism’
    Putin calls Zelensky’s warning to civilian airlines in Russian airspace a ‘bid for state terrorism’

    Russian President Vladimir Putin described Volodymyr Zelensky’s warning that Russia’s airspace is becoming unsafe as a “bid for state terrorism.” Zelensky said airlines should leave, while Putin warned that Russia would respond to any resulting tragedies and said its forces had orders to prepare massive strikes on Ukraine’s energy facilities.

    Russia-Ukraine warRussian airspaceVladimir PutinVolodymyr Zelensky

    MMeduza★★★★☆2026-09-01 20:48Original
  • Zelenskyy warns ‘Russian airspace will effectively be closing’

    Ukraine’s president issued a warning to carriers, insurers and governments abroad: as Kyiv expands its drone campaign, flying through Russian airspace will become progressively less safe.

    UkraineRussiadrone attacks

    Eeuronews★★★☆☆2026-09-01 20:06Original
  • Aeroflot stock falls 5.11% after Zelensky warns Russian airspace is ‘completely unsafe’
    Aeroflot stock falls 5.11% after Zelensky warns Russian airspace is ‘completely unsafe’

    Aeroflot shares dropped more than 5% after Ukrainian President Volodymyr Zelensky warned airlines using Russian airspace. At around 8:40 p.m. Moscow time, the stock reached 30.36 rubles, down 5.11%. Zelensky said the airspace was becoming “completely unsafe” because drones would appear in Russia’s skies on a scale airlines must consider, adding that its safe days were over.

    AeroflotVolodymyr ZelenskyRussian airspacedrones

    MMeduza★★☆☆☆2026-09-01 19:29Original
  • Zelensky tells airlines still flying to Moscow: ‘Drone-infested skies are no place for civilian aviation’
    Zelensky tells airlines still flying to Moscow: ‘Drone-infested skies are no place for civilian aviation’

    Ukrainian President Volodymyr Zelensky warned airlines, insurers, and others using Russia’s airspace or key airports that Ukrainian drone attacks are making the airspace completely unsafe and will effectively close it. He said Ukraine is not targeting civilian aviation and wants to prevent innocent deaths, while reiterating that he had ordered 1,000 drones a day against Russia.

    UkraineRussiadrone attackscivilian aviation

    MMeduza★★★★☆2026-09-01 18:37Original
  • BREAKING: Zelensky vows ‘Russian sky will be de facto closed,’ warns airlines, insurers, foreign governments
    BREAKING: Zelensky vows ‘Russian sky will be de facto closed,’ warns airlines, insurers, foreign governments

    President Volodymyr Zelensky warned airlines, insurers and foreign governments that Russian airspace will be “de facto closed” because of Ukrainian drones. He said carriers serving Moscow, St. Petersburg and other major Russian hubs must account for the danger, while insisting Ukraine does not threaten civil aviation.

    UkraineRussiadrone attacksaviation safety

    TThe Kyiv Independent★★★★☆2026-09-01 18:11Original
  • Air defenses intercept 109 Ukrainian drones over Russian regions

    Russia’s Defense Ministry says air defenses intercepted and destroyed 109 Ukrainian fixed-wing drones between 8 a.m. and 8 p.m. Moscow time on September 1. The ministry said the UAVs were downed over seven Russian regions, Crimea and the Black Sea.

    RussiaUkrainedronesair defense

    TTASS★★★★☆2026-09-01 18:06Original

Transarctic Transport Corridor cannot be developed with state funding alone

Russia’s Far East and Arctic Development Minister Alexey Chekunkov said the Transarctic Transport Corridor and Arctic Zone development project will need private investment alongside government infrastructure support. He said the state should build infrastructure, reduce risks, provide stable rules and help make complex, long-term projects economically viable rather than replace business funding.

Macro & central banksMarketsTransarctic Transport CorridorRussia’s Arcticprivate investmentinfrastructure

TTASSOriginal★★★☆☆2026-09-02 04:22

Transarctic Transport Corridor cannot be developed with state funding alone
  • Over 35 international container voyages expected on Northern Sea Route in 2026

    More than 35 international container voyages are expected on the Northern Sea Route in 2026, up from 24 in 2025, Russian Far East and Arctic Development Minister Alexey Chekunkov said. Freight traffic is projected to reach about 40 million metric tons, with international carriers’ share continuing to grow as infrastructure develops.

    Northern Sea Routecontainer shippingRussiafreight traffic

    TTASS★★★☆☆2026-09-02 04:18Original

Coal production in Russia’s Yakutia rises 2.6-fold over five years

Coal output in Russia’s Yakutia has grown 2.6-fold over five years to nearly 52 million metric tons, regional head Aysen Nikolayev said. Gold production rose 1.3-fold, while oil and gas output also increased significantly and electricity generation climbed 10%.

Energy & commoditiesCompanies & industryYakutiacoal productionenergyRussia

TTASSOriginal★★☆☆☆2026-09-02 04:20

Coal production in Russia’s Yakutia rises 2.6-fold over five years

Cryptocurrencies are the future, question is which ones — Kostin

VTB CEO Andrey Kostin said cryptocurrencies are certain to be part of the future, but private, non-state versions face understandable resistance from countries and their central banks. He said the key question is which cryptocurrencies will ultimately prevail.

Macro & central banksCryptocryptocurrenciesRussiacentral banksfinance

TTASSOriginal★★☆☆☆2026-09-02 04:13

Cryptocurrencies are the future, question is which ones — Kostin

Online sales may make up about one-third of Russian retail by 2030

Russian Deputy Industry and Trade Minister Roman Chekushov said online sales could account for about 33% to 35% of the country’s retail trade by 2030. E-commerce turnover reached 13.2 trillion rubles in 2025, or 21% of retail sales. He added that the ministry plans to develop all forms of trade, while brick-and-mortar outlets grew by 80,000 over five years.

Companies & industryRussiae-commerceretailEastern Economic Forum

TTASSOriginal★★☆☆☆2026-09-02 04:11

Online sales may make up about one-third of Russian retail by 2030

China pension fund doubles offshore investments to record high seeking better returns

China’s National Social Security Fund more than doubled its offshore investments over the past three years to a record 580.02 billion yuan, or US$86 billion. Offshore assets accounted for 15.23 per cent of the fund’s total assets at the end of 2025 as it pursued higher returns through diversification beyond domestic holdings.

Macro & central banksMarketsChina pensionsoffshore investmentportfolio diversification

SSouth China Morning PostOriginal★★★☆☆2026-09-02 04:01

China pension fund doubles offshore investments to record high seeking better returns
China pension fund doubles offshore investments to record high seeking better returns

EXCLUSIVE: Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show

Honda aims to reduce costs by more than $9 billion over the next four years and has directed suppliers to sharply lower their prices, according to internal documents and a person familiar with the matter, as it seeks to counter competition from China.

OtherHondasupplierscost cuttingChina competition

RReutersOriginal★★★☆☆2026-09-02 03:50

EXCLUSIVE: Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show
EXCLUSIVE: Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show

$2.7M flows into Robinhood Chain apps in one day, but corporate revenue link remains unclear

Robinhood Chain applications generated roughly $2.66 million to $2.82 million over a rolling 24-hour period early Sept. 1, led by trading bot GMGN and launchpad Pons. The disclosures show significant fee activity but provide no formula linking it to Robinhood’s corporate revenue, leaving the company’s eventual recurring take unresolved.

MarketsCryptoCompanies & industryRobinhoodblockchain revenueDeFitokenized assets

CCryptoSlateOriginal★★☆☆☆2026-09-02 03:40

$2.7M flows into Robinhood Chain apps in one day, but corporate revenue link remains unclear
$2.7M flows into Robinhood Chain apps in one day, but corporate revenue link remains unclear

Shein finally launched its cut-price IPO. Now comes the hard part

The ultra-fast-fashion retailer has launched its IPO at a discounted price and is set to prioritise its third-party marketplace as it seeks to drive growth.

MarketsSheinIPOultra-fast fashionthird-party marketplace

FFinancial TimesOriginal★★☆☆☆2026-09-02 03:35

Shein finally launched its cut-price IPO. Now comes the hard part

Bond selloff deepens as inflation and oil prices jolt markets

Global bonds fell sharply on Wednesday, extending a rout that is pushing borrowing costs to multi-decade highs. Higher energy prices linked to the Middle East conflict are intensifying investor fears over inflation and swelling government debt.

Macro & central banksMarketsEnergy & commoditiesglobal bondsinflationoil pricesgovernment debt

RReutersOriginal★★★★☆2026-09-02 03:30

Bond selloff deepens as inflation and oil prices jolt markets
Bond selloff deepens as inflation and oil prices jolt markets
  • Why bond yields are rising and why everyone should care
    Why bond yields are rising and why everyone should care

    Government bond interest rates are rising again worldwide, increasing borrowing costs for consumers and businesses. The move is also fueling concern that governments may be issuing more debt than financial markets can absorb.

    bond yieldsgovernment debtborrowing costs

    TThe Associated Press★★★☆☆2026-09-02 03:00Original

China’s sweater hubs expand global presence as exports grow

Sweater-making hubs in Jiaxing, Zhejiang, are strengthening their international reach amid rising exports. Honghe produces 400 million sweaters a year for more than 50 countries and regions, while Puyuan is upgrading toward high-end knitwear and expanding overseas sales through an international trading platform.

Trade & sanctionsCompanies & industryChina sweater industryJiaxingexport growth

CChina News ServiceOriginal★★☆☆☆2026-09-02 03:05

China’s sweater hubs expand global presence as exports grow
MAJOR

WorldUS and Iran exchange attacks as lull in war appears over

The United States and Iran returned to a wartime footing after their most significant exchange in weeks. Washington threatened even more devastating strikes, while Iran protested an attack it said killed five people and wounded dozens of civilians at a wedding.

United StatesIranwarairstrikes

RReutersOriginal★★★★★2026-09-02 03:00

US and Iran exchange attacks as lull in war appears over
US and Iran exchange attacks as lull in war appears over
MAJOR
  • US military says it completed latest wave of strikes on Iran
    MAJORUS military says it completed latest wave of strikes on Iran

    The U.S. military said Tuesday night that it had completed its latest strikes on Iran, targeting Islamic Revolutionary Guard Corps positions. The action followed a weekend exchange of fire as the war with Iran escalated.

    United StatesIranmilitary strikesIslamic Revolutionary Guard Corps

    RReuters★★★★★2026-09-02 02:10Original
  • CNBC Daily Open: Groundhog Day in the Gulf
    CNBC Daily Open: Groundhog Day in the Gulf

    The latest U.S.-Iran strikes sent oil prices and bond yields sharply higher, shifted expectations toward a Federal Reserve rate hike rather than a cut, and prompted Vladimir Putin to publicly back Tehran.

    U.S.-Iran strikesGulf conflictoil pricesFederal ReserveRussia

    CCNBC★★★★☆2026-09-02 01:57Original
  • Brent rises more than 2% after tit-for-tat U.S.-Iran strikes
    Brent rises more than 2% after tit-for-tat U.S.-Iran strikes

    Oil prices rose Wednesday as tensions in the Middle East continued to escalate after the U.S. attacked Iran and Tehran reportedly struck back at U.S. allies. Brent crude gained more than 2%.

    Brent crudeUnited StatesIranMiddle East tensions

    CCNBC★★★★☆2026-09-02 01:53Original
  • Middle East live: Iran says latest US strikes kill 11 people
    MAJORMiddle East live: Iran says latest US strikes kill 11 people

    Iranian state media says US strikes in two separate incidents killed 11 people, including four at a wedding in southern Iran. The attacks followed US strikes on what Washington described as Iranian military targets and Iranian missile and drone fire at sites across the Middle East, ending a month-long lull and escalating hostilities.

    IranUnited StatesMiddle East conflict

    FFrance 24★★★★★2026-09-02 01:38Original
  • Asian markets tumble as US-Iran fighting lifts oil and bond yields
    Asian markets tumble as US-Iran fighting lifts oil and bond yields

    Asian stocks fell sharply at the start of Wednesday trading as panic sparked by the bond market spread into the region. Renewed U.S. attacks on Iran also drove oil prices higher.

    Asian marketsUS-Iran conflictoil pricesbond yields

    RReuters★★★★☆2026-09-02 00:50Original
  • US strikes on Iranian port city hit wedding party
    US strikes on Iranian port city hit wedding party

    Iran says a series of US strikes near the southern port city of Sirik killed at least four people, including a child at a wedding party. Iran’s health ministry says 50 others were injured in the attacks.

    US-Iran conflictSirikairstrikes

    AAl Jazeera★★★★☆2026-09-02 00:47Original
  • U.S. completes fresh strikes on Iran as Mideast tensions flare again
    MAJORU.S. completes fresh strikes on Iran as Mideast tensions flare again

    U.S. forces completed another wave of strikes inside Iran on Tuesday, hitting multiple sites linked to the Islamic Revolutionary Guard Corps as tensions in the Middle East flared again.

    United StatesIranairstrikesMiddle East tensions

    CCNBC★★★★★2026-09-02 00:44Original
  • Iran says US strike hit wedding in Sirik, vows ‘firm response’
    MAJORIran says US strike hit wedding in Sirik, vows ‘firm response’

    Iran says a US strike hit a wedding in Sirik as attacks targeted sites across the country. Tehran vows a “firm response.”

    IranUS strikesmilitary conflict

    TTRT World★★★★★2026-09-02 00:00Original
  • Iran war live: US bombs Iran as Tehran retaliates against Gulf neighbours and Jordan
    MAJORIran war live: US bombs Iran as Tehran retaliates against Gulf neighbours and Jordan

    Tehran has promised “severe punishment” and retaliation against Washington after a new wave of US attacks, while striking back at Gulf neighbours and Jordan.

    Iran warUS attacksretaliationMiddle East

    AAl Jazeera★★★★★2026-09-02 00:00Original

Over $1 trillion! The 'business playbook' behind China-ASEAN success

China’s State Council Information Office held a press conference on China-ASEAN economic and trade cooperation and the upcoming expo and business summit. The 23rd China-ASEAN Expo will take place in Nanning from September 17 to 21, highlighting trade above $1 trillion and new cooperation opportunities created by AI.

Trade & sanctionsCompanies & industryChina-ASEANtrade cooperationChina-ASEAN Expo

CChina News ServiceOriginal★★★☆☆2026-09-02 02:52

Over $1 trillion! The 'business playbook' behind China-ASEAN success

Trump calls G20 finance ministers’ meeting productive

US President Donald Trump described the G20 finance ministers’ meeting in Asheville, North Carolina, as useful and positive, saying the discussions were “very productive and positive.” The meeting of finance ministers and central bank governors took place on August 31 and September 1. Trump also urged countries to follow the US lead by cutting taxes and regulations and boosting oil production.

Macro & central banksDonald TrumpG20finance ministersUS economy

TTASSOriginal★★★☆☆2026-09-02 02:51

Trump calls G20 finance ministers’ meeting productive
  • Bessent: G20 finance ministers fail to agree on joint communique

    US Treasury Secretary Scott Bessent said G20 finance ministers and central bank governors meeting in Asheville, North Carolina, failed to reach agreement on a joint communique. He attributed the lack of consensus to China’s position and said the United States, as chair, had prepared a final statement.

    G20Finance ministersJoint communiqueUnited StatesChina

    TTASS★★★★☆2026-09-02 00:08Original
  • G20 backs final statement despite Russia tensions and China dissent
    G20 backs final statement despite Russia tensions and China dissent

    G20 finance leaders ended two days of talks in Asheville, North Carolina, with broad support for a final statement despite tensions over Russia’s participation and disagreements with China. US Treasury Secretary Scott Bessent said Moscow’s presence did not disrupt the discussions, which also covered the Middle East war, tariffs, global trade imbalances and continued support for Ukraine.

    G20global economyRussiaChina

    FFrance 24★★★★☆2026-09-01 23:39Original
  • Bessent says China dissented from G20 statement opposing ‘cheap exports’ flooding markets
    Bessent says China dissented from G20 statement opposing ‘cheap exports’ flooding markets

    Scott Bessent said China dissented from language in a G20 statement opposing markets being flooded with “cheap exports.” He is leading the Trump administration’s plan to choke off Iran’s economy by threatening its business partners with secondary sanctions.

    G20Chinacheap exportsIran sanctions

    CCNBC★★★★☆2026-09-01 23:33Original
  • G20 finance ministers conclude meeting in North Carolina
    G20 finance ministers conclude meeting in North Carolina

    The two-day G20 Finance Ministers Meeting has ended in North Carolina, where participants sought broad agreement on global economic policies. A separate G20 technology forum held in the state at the same time focused particularly on artificial intelligence.

    G20finance ministersglobal economyartificial intelligence

    CCGTN★★★★☆2026-09-01 23:11Original
  • US urges G20 to cut trade imbalances, focus on China
    US urges G20 to cut trade imbalances, focus on China

    US Treasury Secretary Scott Bessent urged G20 members to follow the Trump administration’s approach of using tariffs and other measures to protect domestic industries and jobs from Chinese imports. He said trade distortions were draining global growth, while officials also discussed uncertainty from debt, inflation and tariff disputes. Economists and politicians have criticised US tariffs for raising consumer costs and straining allies.

    G20trade imbalancesChinese importstariffs

    AAl Jazeera★★★★☆2026-09-01 22:21Original

BHP chief commercial officer to step down in January, memo says

BHP Chief Commercial Officer Rag Udd will leave at the end of January to pursue an opportunity outside the company, according to an internal staff memo. His departure leaves vacant one of the miner’s most challenging roles: negotiating iron ore deals with China.

Energy & commoditiesCompanies & industryBHPexecutive changeiron oreChina

RReutersOriginal★★☆☆☆2026-09-02 02:40

BHP chief commercial officer to step down in January, memo says
BHP chief commercial officer to step down in January, memo says

Tyson disputes USDA chief’s claim, says shuttered beef plants can go to any buyer

Tyson Foods has rejected Agriculture Secretary Brooke Rollins’ assertion that its recently closed beef plants would be sold only to American-owned companies or producers, including cooperatives. The meatpacker says the facilities could be sold to any buyer.

OtherTyson FoodsUSDAbeef plants

RReutersOriginal★★☆☆☆2026-09-02 01:40

Tyson disputes USDA chief’s claim, says shuttered beef plants can go to any buyer
Tyson disputes USDA chief’s claim, says shuttered beef plants can go to any buyer

Trump Ramps Up Pressure on Squeezed Refiners to Ease Pump Prices

President Donald Trump urged U.S. oil refiners at a closed-door meeting Tuesday to increase domestic gasoline and diesel production. He is confronting high prices and growing cost-of-living concerns ahead of November’s midterm elections.

Macro & central banksEnergy & commoditiesDonald Trumpoil refinersfuel pricesU.S. economy

BBloomberg NewsOriginal★★★☆☆2026-09-02 01:00

Trump Ramps Up Pressure on Squeezed Refiners to Ease Pump Prices
Trump Ramps Up Pressure on Squeezed Refiners to Ease Pump Prices

Circle Processed $32 Trillion in USDC Transfers, Yet 95% of Revenue Depends on Interest Rates

Coin Metrics measured $32 trillion in adjusted USDC transfer volume through August 2026, a figure that reflects onchain movement rather than consumer payments or net settlement. Circle reported $701.3 million in second-quarter revenue and reserve income, with $667.7 million, or 95.2%, coming from reserve assets; transaction revenue was only $5.3 million. The figures show crypto-market usage, but not a toll collected on every transfer.

Macro & central banksCryptoCompanies & industryCircleUSDCstablecoinsinterest rates

CCryptoSlateOriginal★★☆☆☆2026-09-02 00:35

Circle Processed $32 Trillion in USDC Transfers, Yet 95% of Revenue Depends on Interest Rates
Circle Processed $32 Trillion in USDC Transfers, Yet 95% of Revenue Depends on Interest Rates

Japanese companies bet heavily on India as China risks deepen

Japanese companies are expanding in India as their domestic market shrinks and risks linked to China grow. Consumer brands are widening their presence, Japanese banks are buying Indian financial assets, and more than 100 Japanese firms have set up global capability centres there. About 120 agreements announced $12.5 billion in investment, though tax uncertainty, bureaucracy and approval delays remain obstacles.

MarketsCompanies & industryJapanese companiesIndia investmentChina riskssupply-chain diversification

BBBC ChineseOriginal★★★★☆2026-09-02 00:01

Japanese companies bet heavily on India as China risks deepen
Japanese companies bet heavily on India as China risks deepen

Canada Can Ride Out Global Bond Rout, Finance Minister Says

Finance Minister Francois-Philippe Champagne says favorable investor sentiment is helping keep Canada’s borrowing costs under control despite a global bond selloff. He argues the country’s finances are strong enough to withstand the volatility.

MarketsCanadabond marketspublic finances

BBloomberg NewsOriginal★★★☆☆2026-09-02 00:00

Canada Can Ride Out Global Bond Rout, Finance Minister Says
Canada Can Ride Out Global Bond Rout, Finance Minister Says

China’s tech push fuels fastest profit growth in four years amid signs of economic divide

Demand for artificial intelligence and domestic technology substitution drove Chinese listed companies’ profits to their fastest growth in four years during the first half, highlighting a K-shaped economy as the country moves away from credit-fuelled expansion. Profits on Shanghai’s chip-heavy Star Market more than quadrupled year on year, while Shenzhen’s ChiNext rose 33%.

Macro & central banksEnergy & commoditiesCompanies & industryTech & AIChina economyartificial intelligencetechnology firmsprofit growth

SSouth China Morning PostOriginal★★★☆☆2026-09-02 00:00

China’s tech push fuels fastest profit growth in four years amid signs of economic divide
China’s tech push fuels fastest profit growth in four years amid signs of economic divide

Lofter saga continues as Mong Kok project is renamed and owners seek quick sales

A 139-unit residential project at 1 Ki Lung Street in Mong Kok, previously known as Upper Prince and managed by troubled developer Lofter Group, has returned to the market as One Edward. Its ownership group is offering competitive prices to attract mainland Chinese buyers and longer-term investors, aiming to sell the flats quickly.

Companies & industryReal EstateHong Kong propertyMong KokLofter Group

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 23:53

Lofter saga continues as Mong Kok project is renamed and owners seek quick sales
Lofter saga continues as Mong Kok project is renamed and owners seek quick sales

PoliticsVenezuela's assembly backs oil deal announced with U.S.

Venezuela’s ruling party-dominated National Assembly voted on Tuesday to support the country’s oil deal with the Trump administration, ahead of a visit to Caracas by the U.S. energy secretary.

Venezuelaoil dealUS government

RReutersOriginal★★★☆☆2026-09-01 23:50

Venezuela's assembly backs oil deal announced with U.S.
Venezuela's assembly backs oil deal announced with U.S.
  • US energy secretary to travel to Venezuela to unveil oil arrangement
    US energy secretary to travel to Venezuela to unveil oil arrangement

    Venezuela’s National Assembly approved a 65-billion-barrel oil arrangement even though its terms have not been published. US Energy Secretary Chris Wright is expected to visit Venezuela as the Trump administration advances the controversial deal, which would give the US access to part of the country’s proven reserves and involve a partnership to develop 17 oil fields. Critics liken it to agreements imposed by colonial powers.

    United StatesVenezuelaoil dealenergy policy

    AAl Jazeera★★★★☆2026-09-01 21:54Original
  • Remarkable US oil deal puzzles analysts and angers many Venezuelans
    Remarkable US oil deal puzzles analysts and angers many Venezuelans

    The US and Venezuela have signed a Caracas agreement giving a US-led company 100-year concessions over 17 oilfields containing 65 billion barrels of crude. Donald Trump and interim President Delcy Rodríguez hailed it as historic, but critics called the terms one-sided and colonialist, while experts questioned the proposed timetable and how the oil revenue would be managed.

    US-Venezuela relationsoil dealenergy marketsVenezuela

    BBBC News★★★★☆2026-09-01 21:27Original
  • US defends Venezuela deal as Chevron prepares to expand operations

    The Trump administration is defending an agreement with Venezuela as a means of pushing Chinese and Russian rivals out of oilfields in “our hemisphere”. Chevron is preparing to expand its operations in the country.

    United StatesVenezuelaChevronOil

    FFinancial Times★★★★☆2026-09-01 20:48Original
  • US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms
    US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms

    The White House said it is partnering with North American Blue Energy Partners as Donald Trump seeks greater access to Venezuela’s oil industry. The arrangement would give the Pentagon a stake in fields representing about one-fifth of the country’s vast oil reserves. Venezuela’s ruling-party-dominated National Assembly approved the oil deal with the Trump administration on Tuesday.

    VenezuelaoilDonald TrumpUS companies

    FFrance 24★★★★☆2026-09-01 19:00Original
  • Alejandro Betancourt: the controversial Venezuelan oil tycoon Trump is backing
    Alejandro Betancourt: the controversial Venezuelan oil tycoon Trump is backing

    US President Donald Trump announced a new deal with Venezuela on Friday, calling it “the biggest oil deal in world history” and saying it involved “65 billion barrels of oil”. Washington is rumoured to be partnering with controversial Venezuelan oil tycoon Alejandro Betancourt, who built his fortune under the Chavista regime.

    Venezuelaoil dealDonald TrumpAlejandro Betancourt

    FFrance 24★★★☆☆2026-09-01 15:05Original
  • Who is Alejandro Betancourt, ex-Chavez ally now Trump’s Venezuela oil man?
    Who is Alejandro Betancourt, ex-Chavez ally now Trump’s Venezuela oil man?

    Controversial Venezuelan businessman Alejandro Betancourt, who built his fortune through contracts awarded during Hugo Chavez’s presidency and has faced alleged money-laundering investigations, has been chosen by the Trump administration to lead a new US-backed oil venture. Washington plans to take a 35 percent passive stake in his North American Blue Energy Partners as it seeks to expand Venezuelan production.

    Venezuela oilTrump administrationAlejandro Betancourt

    AAl Jazeera★★★★☆2026-09-01 14:17Original

Comstock plans $1.65 billion Haynesville stake sale to Azerbaijan’s SOCAR to cut debt

Comstock Resources said Tuesday it plans to sell stakes in its Haynesville shale assets and related midstream business to Azerbaijan’s SOCAR for $1.65 billion in cash, aiming to reduce its debt.

Macro & central banksCompanies & industryComstock ResourcesSOCARHaynesvilledebt reduction

RReutersOriginal★★☆☆☆2026-09-01 23:30

Comstock plans $1.65 billion Haynesville stake sale to Azerbaijan’s SOCAR to cut debt
Comstock plans $1.65 billion Haynesville stake sale to Azerbaijan’s SOCAR to cut debt

Yum says Pizza Hut CEO Aaron Powell resigns

Yum Brands said in a regulatory filing on Tuesday that Pizza Hut CEO Aaron Powell resigned as chief executive and from other company positions after the chain’s sale was completed.

Companies & industryYum BrandsPizza Hutexecutive change

RReutersOriginal★★☆☆☆2026-09-01 22:35

Yum says Pizza Hut CEO Aaron Powell resigns
Yum says Pizza Hut CEO Aaron Powell resigns

FirstFT: Global bond sell-off deepens

The global bond sell-off is intensifying. Today’s newsletter also highlights a slide in Shein shares during its Hong Kong debut and South Korea’s announcement of a record budget increase.

Macro & central banksMarketsglobal bondsSheinSouth Korea budget

FFinancial TimesOriginal★★★★☆2026-09-01 21:42

FirstFT: Global bond sell-off deepens

‘Subtle changes pointing to consumer fatigue’ challenge fast-fashion retailers, expert says

A federation of European textile associations has called for a 10-euro import fee on fashion goods, seeking to curb ultra-cheap competition largely from China. University of Delaware professor Sheng Lu says it is unclear whether such measures would make companies like Shein change their business models, while retailers may also have to confront “consumer fatigue.”

Trade & sanctionsCompanies & industryfast fashionimport feeSheinconsumer trends

FFrance 24Original★★☆☆☆2026-09-01 21:40

‘Subtle changes pointing to consumer fatigue’ challenge fast-fashion retailers, expert says
‘Subtle changes pointing to consumer fatigue’ challenge fast-fashion retailers, expert says

Ozon offers sellers warehouse space in Kazakhstan after Ukrainian drone strikes

Russian online marketplace Ozon is offering sellers storage in warehouses in Almaty and Astana, saying the arrangement will support deliveries to Russia and boost sales in Kazakhstan and Kyrgyzstan. The move follows Ukrainian drone strikes on Ozon logistics centers in Samara and other Russian regions. Ozon also says more than 80,000 pickup points can operate as small logistics hubs.

OtherOzonKazakhstandrone strikeslogistics

MMeduzaOriginal★★☆☆☆2026-09-01 21:22

Ozon offers sellers warehouse space in Kazakhstan after Ukrainian drone strikes
Ozon offers sellers warehouse space in Kazakhstan after Ukrainian drone strikes
MAJOR

Global bond selloff deepens as US launches fresh attacks on Iran

Oil prices climbed, equities retreated and bond yields surged after the United States launched fresh attacks on Iranian targets. Japan’s 10-year bond yield reached 3% for the first time since 1996. Inflation fears and swelling government debt, above $40 trillion in the US, are deepening the selloff, while eurozone inflation hit a three-year high in August as energy costs rose.

Macro & central banksMarketsglobal bondsUnited StatesIraninflation

FFrance 24Original★★★★★2026-09-01 20:56

Global bond selloff deepens as US launches fresh attacks on Iran
Global bond selloff deepens as US launches fresh attacks on Iran
MAJOR
  • Warsh and peace

    Bond yields continue to rise after the Fed chair’s speech at Jackson Hole.

    bond yieldsFederal ReserveJackson Hole

    FFinancial Times★★☆☆☆2026-09-01 20:00Original

G20 differences remain over imbalances and sovereign debt, US Treasury official says

A G20 joint statement reflecting U.S. priorities on reducing global imbalances and restructuring sovereign debt may not be reached because differences over its wording remain, U.S. Treasury Undersecretary for International Affairs Erin Browne told Reuters on Tuesday.

Macro & central banksG20global imbalancessovereign debt

RReutersOriginal★★★☆☆2026-09-01 20:45

G20 differences remain over imbalances and sovereign debt, US Treasury official says
G20 differences remain over imbalances and sovereign debt, US Treasury official says

Recovery of 61 BTC opens potential $432 million hunt for early Bitcoin users

CEL Solicitors says it has traced more than 5,500 BTC it believes belonged to former users of the defunct early exchange Intersango. A UK customer recovered 61 BTC, now worth about $4.81 million, while other claimants must link historical account balances to the assets through records such as emails, bank statements and account files.

CryptoBitcoinIntersangoasset recoverylegal claims

CCryptoSlateOriginal★★☆☆☆2026-09-01 20:25

Recovery of 61 BTC opens potential $432 million hunt for early Bitcoin users
Recovery of 61 BTC opens potential $432 million hunt for early Bitcoin users

Explainer: What is driving the selloff in global bond markets?

Government borrowing costs in the United States, Germany and Japan have reached or approached multi-decade highs as concerns grow over inflation and higher interest rates, while persistent anxiety about heavy debt burdens adds to the pressure.

Macro & central banksMarketsBond marketsGovernment debtInflationInterest rates

RReutersOriginal★★★★☆2026-09-01 19:50

Explainer: What is driving the selloff in global bond markets?
Explainer: What is driving the selloff in global bond markets?
  • Global bond sell-off deepens over US-Iran war and inflation concerns
    Global bond sell-off deepens over US-Iran war and inflation concerns

    The global bond sell-off is deepening as investors contend with concerns over the US-Iran war and inflation.

    global bond marketsUS-Iran warinflation

    TTRT World★★★★☆2026-09-01 19:00Original
  • Why High Yields on Government Bonds Are Causing Alarm
    Why High Yields on Government Bonds Are Causing Alarm

    Government borrowing costs are rising worldwide as investors seek greater compensation for holding longer-term debt. Thirty-year Japanese government bond yields are close to a record at 4.19%, while equivalent UK yields are the highest since 1998. A Bloomberg measure of G7 government debt has reached its highest average yield since September 2000.

    government bondsbond yieldsJapanUKG7

    BBloomberg News★★★★☆2026-09-01 18:39Original

Buying memecoins with credit cards on Robinhood Wallet and Fomo appears to sidestep card-network crypto rules

Tests found that memecoin purchases on Robinhood Wallet and Fomo were coded as “digital media” rather than cryptocurrency, allowing buyers to earn credit-card points despite restrictions imposed by card networks.

CryptoBanking & financememecoinsRobinhood Walletcredit cardscard networks

TThe BlockOriginal★★☆☆☆2026-09-01 19:33

Buying memecoins with credit cards on Robinhood Wallet and Fomo appears to sidestep card-network crypto rules
Buying memecoins with credit cards on Robinhood Wallet and Fomo appears to sidestep card-network crypto rules

Pashinyan tells Putin many Russian companies are operating successfully in Armenia

Armenian Prime Minister Nikol Pashinyan told Russian President Vladimir Putin that many Russian companies are operating very successfully in Armenia, earning high profits and paying taxes regularly. He said they fall into two groups: profitable, growing businesses and those that are neither profitable nor expanding, which he called a challenge for both countries.

Companies & industryArmeniaRussian companiesbusiness operations

TTASSOriginal★★☆☆☆2026-09-01 17:59

Pashinyan tells Putin many Russian companies are operating successfully in Armenia

Russian car-sales platform CarPrice limits payouts after investor branded ‘extremist’ for aiding Ukraine

Russian used-car marketplace CarPrice has temporarily restricted payments to individuals and businesses, saying the measure follows a change in its corporate structure and should end within a week. The move follows a Moscow court’s designation of investor Alexander Galitsky and his fund, Almaz Capital Partners, as an “extremist association” over alleged aid to Ukraine’s Armed Forces. CarPrice was later nationalized and transferred to Rostec.

Banking & financeCompanies & industryRussiaCarPricepayment restrictionsasset nationalization

MMeduzaOriginal★★★☆☆2026-09-01 17:45

Russian car-sales platform CarPrice limits payouts after investor branded ‘extremist’ for aiding Ukraine
Russian car-sales platform CarPrice limits payouts after investor branded ‘extremist’ for aiding Ukraine

Why Shein’s IPO Was a Yawn

Shein’s debut was lackluster as concerns about the fast-fashion giant’s growth prospects weighed on its IPO.

MarketsSheinIPOfast fashiongrowth prospects

BBloomberg NewsOriginal★★☆☆☆2026-09-01 17:30

Why Shein’s IPO Was a Yawn
Why Shein’s IPO Was a Yawn

Venezuela to hand Chinese- and Russian-run oil fields to U.S.-backed operator

North American Blue Energy Partners (NABEP) will take operational control of several Venezuelan oil fields previously run by Chinese companies and a Russian firm, according to two U.S. officials. The company will receive 14 production contracts, while the U.S. government will hold rights to a 35% stake and preferential access to 20% of its oil at cost. Officials said the deal could help Venezuela attract about $100 billion in private investment to rebuild its economy.

MarketsEnergy & commoditiesVenezuelaoilU.S. investment

MMeduzaOriginal★★★★☆2026-09-01 17:23

Venezuela to hand Chinese- and Russian-run oil fields to U.S.-backed operator
Venezuela to hand Chinese- and Russian-run oil fields to U.S.-backed operator

Bank of Russia extends foreign-currency cash withdrawal restrictions until March 2027

The Bank of Russia has prolonged limits on foreign-currency cash withdrawals for six months, through March 9, 2027. It attributed the measure to sanctions that prevent domestic financial institutions from obtaining Western cash currencies. For accounts opened before March 9, 2022, the ceiling remains the balance then held, capped at $10,000 or the euro equivalent; remaining funds may be withdrawn in rubles.

Macro & central banksMarketsTrade & sanctionsBank of Russiaforeign-currency withdrawalsfinancial sanctions

TTASSOriginal★★★☆☆2026-09-01 17:22

Bank of Russia extends foreign-currency cash withdrawal restrictions until March 2027

Bessent touts bond market as 10-year Treasury yield spikes

Treasury Secretary Scott Bessent brushed aside short-term bond movements as the 10-year Treasury yield surged, while praising the U.S. market. He said that what happens over a month does not matter.

MarketsU.S. Treasuriesbond marketScott Bessent

CCNBCOriginal★★★☆☆2026-09-01 17:20

Bessent touts bond market as 10-year Treasury yield spikes
Bessent touts bond market as 10-year Treasury yield spikes