The all-items consumer price index increased 0.4% in August, in line with expectations, while core inflation excluding food and energy came in higher than forecast. Dow Jones consensus had projected a 0.2% rise in the core index.

US inflationconsumer pricescore inflation

The inaugural World Athletics Ultimate Championship begins this weekend in Budapest, bringing together Olympic and world champions with the leading athletes of the season. The three-day meet offers a record $10m prize pot, including $150,000 for each event winner, while introducing direct semifinals and finals and several new competition formats.

athleticsWorld AthleticsBudapestprize money

The New Development Bank plans to raise the share of projects financed in local currencies from 30% to more than 45% by 2031. Established by Brazil, Russia, India, China and South Africa, the bank has approved 139 projects worth about $42.9 billion and is expanding into green infrastructure, digitalization and AI to reduce developing countries’ reliance on the US dollar.

BRICSNew Development BankGlobal Southlocal-currency financing

A CGTN survey of 12,250 people in 41 countries, conducted as the 18th BRICS Summit begins, found that more than six in 10 respondents believe the bloc has become more influential in international affairs. Sixty-three percent approved of its contribution to global governance, while 61.6% said expanded BRICS cooperation could make the international order fairer. Support for local-currency settlement and a more diversified monetary system reached 65.6%.

BRICSglobal governanceGlobal Southinternational finance

Bundesbank President Joachim Nagel said any move to take interest rates into restrictive territory would be “very much dependent” on how energy prices develop.

European Central Bankinterest ratesenergy prices

The European Central Bank is lifting borrowing costs in an effort to prevent high energy prices from turning into persistent inflation. Economists disagree over how high rates need to go and how much damage they could do to growth.

ECBrate hikesenergy costsinflation

The Bank of Russia left its key rate unchanged at 14% per annum. It said the economy was growing moderately in the third quarter of 2026, while current price pressures had risen significantly in recent months. Future decisions will reflect inflation, inflation expectations and domestic and external risks.

Bank of Russiakey rateinflationRussian economy

The Bank of Russia’s Board of Directors will decide the key rate on Friday. Eighteen of 19 experts polled by TASS expect the benchmark to stay at 14%, as persistent inflation, fuel-supply pressures, a weaker ruble and uncertain budget parameters constrain further easing.

Bank of Russiainterest ratesinflation

Russian President Vladimir Putin opened his visit to India with talks with Prime Minister Narendra Modi at the Bharat Mandapam convention center in New Delhi. Putin is also due to attend the BRICS summit and tour the Innoprom industrial exhibition with Modi.

PutinModiIndiaBRICS

BRICS leaders meeting in Delhi are unlikely to agree on a united response to Donald Trump’s policies, despite the group’s growing economic and geopolitical weight. India’s trade talks with the US, China’s caution and the UAE’s ties to Washington expose divisions that could limit criticism to vague, indirect language, while members explore local-currency payments.

BRICSIndiaDonald Trumpdiplomacy

Russian President Vladimir Putin arrived in New Delhi on Friday for the BRICS Summit on September 12 and 13. He is due to meet Prime Minister Narendra Modi, who will also hold bilateral talks with China’s Xi Jinping and Iran’s Masoud Pezeshkian. Security has been tightened in the capital, with school closures and traffic restrictions ahead of the summit.

IndiaVladimir PutinNarendra ModiBRICS Summit

Russian President Vladimir Putin arrived in India for a BRICS summit with Prime Minister Narendra Modi and other leaders. Wars in the Middle East and Ukraine are testing the bloc’s effort to expand its economic clout and gain a bigger voice in global affairs.

PutinIndiaBRICSwars

Russian leader Vladimir Putin has arrived in India ahead of the BRICS summit. Chinese President Xi Jinping is also expected at the two-day meeting, which would mark his first visit to India since 2019.

Vladimir PutinIndiaBRICSdiplomacy

Prime Minister Narendra Modi and Xi Jinping are expected to meet at the BRICS summit, with trade and border issues in focus. The encounter would be the clearest test yet of the tentative reset between Asia’s two largest economies since 2020.

IndiaChinaBRICStradeborder issues

Flight operations at the international airport serving Myanmar’s second-largest city have been suspended after rebels fighting the military in the country’s prolonged civil war carried out a drone attack on Thursday, a major domestic airline said.

MyanmarMandalaydrone attack

Russia’s Defense Ministry says its armed forces conducted one massive and six group strikes from September 5 to 11 against Ukrainian defense, logistics, fuel, energy and transport facilities, among other targets. It reported intercepting and destroying 5,673 Ukrainian UAVs and four Flamingo cruise missiles, while claiming the capture of Novogrishino and Zorevka.

Russia-Ukraine wardrone attacksRussian Defense Ministry

Russia’s Defense Ministry says air defenses intercepted and destroyed 777 Ukrainian fixed-wing drones overnight across Russian regions, the Black Sea and the Caspian Sea. It also reported strikes on Ukrainian defense-industry sites, logistics hubs, data centers, port infrastructure and vessels carrying military supplies.

Russia-Ukraine wardrone attacksair defensemilitary strikes

Russian drones struck two gas stations in Kyiv on the morning of Sept. 11, injuring at least four people, according to the Kyiv City Military Administration. Authorities said the station in Obolonskyi district was hit twice, while emergency crews worked at the sites.

RussiaUkraineKyivdrone strikes

Pavlohrad in Ukraine’s Dnipropetrovsk region is observing a day of mourning after a Russian attack killed five people. Two others were killed and 79 injured across the wider region. Kyiv’s mayor also reported attacks on two petrol stations in the capital. Ukrainian officials accused Russia of systematically targeting places used by civilians to maximise casualties, spread fear and pressure Ukraine into concessions.

UkraineRussiaairstrikescivilian infrastructure

Russia launched 160 drones across Ukraine overnight, killing at least one person and injuring many others. Ukraine’s State Emergency Service said a mother and her son were among those hurt in the attack on Zaporizhzhia.

Russia-Ukraine wardrone attacksZaporizhzhia

Israeli forces say they used more than 1,100 tonnes of explosives to demolish alleged Hezbollah tunnels beneath Lebanon’s Ali al-Taher ridge. The blasts were recorded as a magnitude-4.1 tremor.

Israelsouthern LebanonHezbollahexplosions

Israel said it demolished key tunnels built by Iran-backed Hezbollah beneath the strategic Ali al-Taher ridge in southern Lebanon. The explosions were powerful enough to cause a 4.1-magnitude tremor, days after Israeli authorities said they had taken control of the ridge and accused Hezbollah of digging tunnels there to attack Israel.

IsraelHezbollahsouthern Lebanon