OpenAI CEO Sam Altman said the company will not go public this year, calling the current moment ill-advised for an IPO because of everything happening around safety.

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OpenAI has confidentially filed for an IPO, but CEO Sam Altman says the company will not go public this year and considers a 2026 listing “ill-advised.”

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Oracle founder Larry Ellison has canceled a plan to sell as much as $7.5 billion worth of shares in the software company.

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The Reserve Bank of India has rejected Tata Sons’ appeal against a compulsory listing, setting the stage for what could become the country’s largest initial public offering.

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Chinese President Xi Jinping addressed the first session of the 18th BRICS Summit in New Delhi on September 12. He called on BRICS to stand on the right side of history and help make the international order fairer, while proposing a BRICS initiative on AI-empowered new industrialization and deeper cooperation in AI, research, applications and supply chains.

BRICSXi JinpingGlobal Southartificial intelligence

Chinese President Xi Jinping spoke at the first session of the 18th BRICS Summit in New Delhi on Saturday. He urged BRICS countries to stand on the right side of history, advance innovation-led development, protect peace and stability, promote mutual learning among civilizations and improve global governance toward a fairer international order and a shared future for humanity.

BRICS SummitXi Jinpingglobal governance

The Delhi Declaration adopted at the 18th BRICS summit calls for adequate Palestinian representation in all relevant international organizations and backs Palestine’s full UN membership. BRICS members reaffirmed that a just and lasting Israeli-Palestinian settlement can only come through peaceful means and recognition of Palestinians’ legitimate rights, including self-determination and return.

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The New Delhi Declaration says BRICS members are gravely concerned about conditions in Gaza and the West Bank. They condemned politicizing or militarizing humanitarian assistance, starvation as a method of warfare, attacks on civilians and civilian infrastructure, and obstruction of aid, while reaffirming support for UNRWA and calling for respect for Jerusalem’s religious sites and access rights.

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Chinese President Xi Jinping said in New Delhi that BRICS has become the world’s most influential cooperation platform for emerging markets and developing countries. Addressing the first session of the 18th BRICS Summit, Xi urged members to deepen cooperation in areas including artificial intelligence, uphold peace and stability, and help make the international order more just and equitable.

BRICSXi JinpingGlobal Southartificial intelligence

Chinese President Xi Jinping said at the 18th BRICS Summit in New Delhi that BRICS countries should stand firmly on the right side of history. He urged them to lead in innovative development, peace and stability, civilizational exchange and global governance, while steering the international order toward greater justice and equity and building a community with a shared future for humanity.

BRICSXi Jinpingglobal governance

U.S. consumer prices accelerated in August as gasoline costs rebounded after two consecutive monthly declines, strengthening market expectations that the Federal Reserve will raise interest rates next week.

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U.S. consumer prices rose at a faster pace in August as gasoline costs rebounded after two consecutive monthly declines, strengthening financial market expectations that the Federal Reserve may raise interest rates next week.

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Inflation accelerated in August, increasing the likelihood that the Federal Reserve will raise interest rates.

US inflationFederal Reserveinterest rates

U.S. inflation accelerated last month as gasoline prices surged after renewed fighting in the Middle East, highlighting affordability pressures that are weighing on many voters as the midterm elections approach.

US inflationgas pricesMiddle East fighting

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 Bank of Russia kept its key rate at 14% as price pressures strengthened in recent months. Governor Elvira Nabiullina said high inflation expectations leave limited room for rate cuts, while the summer acceleration in price growth was driven mainly by fuel-market conditions. The scope for future cuts will be clarified in October.

Bank of Russiainterest ratesinflationmonetary policy

Bank of Russia Governor Elvira Nabiullina says the regulator will not keep the key rate at a level the economy cannot withstand for long, warning that this could raise unemployment and reduce real incomes. She says monetary policy will be eased and the rate lowered under the inflation-targeting framework, after the bank held it at 14%.

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The Bank of Russia kept its key rate at 14% per annum, ending rate cuts for the first time since June 2025. It cited increased recent price pressures and said future decisions would depend on inflation and inflation expectations. Annual inflation was 6.3% as of September 7; the ruble was nearly flat while the MOEX index fell 1.14%.

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Russia’s central bank kept its key rate at 14%, marking its first pause in roughly a year and a half. It said the economy was growing moderately in the third quarter while price pressures had risen sharply, and forecast inflation at 6.0–7.0% in 2026 before a return to 4.0% in 2027. The decision followed ten consecutive cuts.

Russiacentral bankinterest ratesinflation

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

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.

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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%.

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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.

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Long-term European government bond yields remain near multi-decade highs as concerns over inflation and interest rates continue to drive the global sell-off.

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