Flair Airlines gets $76M Ottawa bailout as fuel costs surge
The federal government has approved $76 million in emergency aid for Flair Airlines as elevated jet-fuel prices continue to drain money from air carriers.
The federal government has approved $76 million in emergency aid for Flair Airlines as elevated jet-fuel prices continue to drain money from air carriers.
Euler analyst Andrey Polishchuk says sustained peak utilization at US refineries will not make up for the global diesel supply deficit. Falling diesel exports from Russia, the US and Saudi Arabia are expected to widen crack spreads. Higher Chinese refinery use and product exports may boost supply, but also accelerate the drawdown of global inventories.
Traders were pricing in more than a 92% probability of an interest-rate increase and over a 75% chance of another hike in December, setting up a difficult battle for Warsh.

India’s securities regulator has launched a tokenized bond pilot linking corporate bonds with cash settlement on digital rails. The first three issuances by REC, L&T and IIFL moved ₹1,025 crore. Institutional issuance is covered in Stage I, while tokenized secondary trading and retail participation are planned for Stage II.

Turkish Airlines has permanently cancelled its Luanda service and four other African routes, becoming the latest international carrier to leave the Angolan capital since its new airport opened in 2023. Built to handle 15 million passengers a year, the facility served fewer than 800,000 in 2025.
President Donald Trump's digital assets adviser spoke at a Washington event one day after new compromise language was released for the Clarity Act, saying Trump had surrendered what were described as historic ethics powers in the deal.

Donald Trump is pressing a crypto bill as the industry’s conflict with banks intensifies. At a White House gathering last month, he praised Coinbase CEO Brian Armstrong as “one of the greats” and called Gemini Space Station co-founders Cameron and Tyler Winklevoss “tremendous investors, brilliant people.”

Opposition to the CLARITY Act continued to grow ahead of Tuesday’s Senate cloture vote, despite Republicans releasing a version they called final that incorporated 126 Democratic requests. Banking groups, Democrats, state attorneys general and developer advocates still objected to provisions on ethics, stablecoin rewards, state enforcement and deposit flight, putting the 60-vote threshold at risk.

Eight banking groups said Monday that they want stricter limits on stablecoin rewards, keeping the dispute between banks and the crypto industry alive in Congress as the Senate prepares to vote on the Clarity Act.
US Energy Secretary Chris Wright predicts that oil and oil-product shipments through the Strait of Hormuz will rise in the coming weeks. He said the current average is up to 10 million barrels a day. The waterway carries about 25% of global oil trade and roughly 20% of LNG trade.

A meeting in Oman on temporary routes to restore some commercial traffic through the Strait of Hormuz has been postponed after regional parties failed to agree on the waterway’s future. Iran blamed Saudi Arabia’s objections but said it would continue pursuing a regionally backed agreement with Oman.
Lars Klingbeil, Germany’s finance minister, told UniCredit chief Andrea Orcel on Monday what he demanded in connection with the Italian bank’s potential Commerzbank acquisition.
The Cboe VIX Index, a measure of volatility, rose to 18 on Monday, potentially offering a clue about whether bond-market concerns or AI risks matter more to stocks.

BitFuFu’s Bitcoin production recovered in August, while CleanSpark posted a modest increase and Canaan declined. Canaan sold its entire ETH position and 54 BTC, using part of the proceeds to buy back 13.6 million shares.

Aave’s USDT0 lending pool on Monad showed a 6.10% annual percentage rate, but about $51.5 million of its $55.9 million supplied balance was borrowed, leaving an estimated $4.4 million unborrowed. The figure indicates limited pool-wide withdrawal liquidity for large exits, but does not show that any withdrawal was attempted or failed.

Prime Minister Mark Carney is using Toronto’s Canada Investment Summit to urge hundreds of global investors to back Canada beyond its traditional access to the US market. Amid escalating tariffs with Washington, his government aims to catalyse $1 trillion in investment over five years across energy, critical minerals, ports, AI and advanced manufacturing.

Mark Carney, Canada’s prime minister, is trying to win over leading international investors to lessen the country’s economic reliance on the United States as a trade war with President Donald Trump grows more intense.
Canadian Prime Minister Mark Carney is hosting dozens of global investors in Toronto this week, seeking funding for more than 160 projects he says are vital to guiding Canada’s economy through its trade war with the United States.

Canadian Prime Minister Mark Carney is courting some of the world’s biggest investors as he seeks to reduce Canada’s economic dependence on the United States amid an escalating trade war with President Donald Trump.
Derek Kaufman, who once oversaw fixed-income trading at investment manager Citadel, has become a crucial force behind a movement seeking to make building a bipartisan priority.
With inflation still above target and no clear prospect of lower oil prices or stable tariffs, Fed Chair Kevin Warsh faces this week the same test that confronted his predecessors.

Russia’s MOEX Index rose 3.51% to 2,361.08 points by the close of Monday’s main session, while the dollar-denominated RTS gained 3.41% to 881.93. Analysts said oil and gas stocks led the rally as global energy prices climbed and the ruble remained relatively weak.
Russia’s Federal Antimonopoly Service has opened 55 cases and issued 83 warnings over violations in the fuel market, with 51 warnings complied with, the government said. The regulator is taking steps to curb antitrust violations.
Concord Pacific Developments acquired a 50-turbine wind farm from Potentia Renewables for several hundred million Canadian dollars. Its CEO said the purchase reinforces the developer’s long-term renewable-energy strategy, while it is also working on a move into data centers.
Tyumen Region Governor Alexander Moor said the Tyumen Oil and Gas Forum’s new international status will broaden foreign-partner participation. He said the forum remains focused on practical results for Russian industry and energy security, with technological independence at the center of its four-day program.
Global markets faced pressure from growing concerns about the artificial intelligence sector and higher oil prices that are adding to inflation risks, the Wall Street Journal reported. Technology stocks fell worldwide and Nasdaq 100 futures dropped more than 1.5%. Brent crude neared $110 a barrel, while the 10-year US Treasury yield approached 5%.

Brent crude has climbed above $100 a barrel as the war in Iran disrupts shipping through the Strait of Hormuz. Houthi forces’ capture of Mayun Island is also raising concerns about the security of another major oil route through the Bab al-Mandeb.
Alexey Belogoryev of the Institute of Energy and Finance says Europe’s accelerated injections into underground gas storage ahead of winter are lifting prices amid an acute LNG shortage. October futures at the Netherlands’ TTF hub have topped $1,000 per 1,000 cubic meters. Prices could briefly stay at $1,000-$1,300 if the Strait of Hormuz remains blocked, but are otherwise expected to move closer to $800.
Exxon Mobil said it took its 264,000-barrel-per-day refinery in Joliet, Illinois, offline after a power outage occurred on Sunday.
In Chakwal, north-central Pakistan, Bestway Cement is covering dry land and olive and peach groves with solar panels. The company says the project will add 6.34 MW by year-end to its existing 26 MW photovoltaic capacity. Solar already supplies more than a quarter of the electricity used by its cement plant, helping it compete with rivals adopting the same approach.

Ukraine will soon receive $841 million in budget support from the World Bank, backed by Canadian guarantees, Prime Minister Serhii Koretskyi said. The funding comes through the PEACE project and will reimburse pension payments from the state budget as Ukraine faces its most difficult budget situation since Russia’s full-scale war began in 2022.

Nigerian billionaire Aliko Dangote has launched Africa’s largest share sale, offering the public about 3% of his refinery in an IPO that could raise up to $2.1bn. He says the sale will let ordinary Nigerians share in the plant’s success, while experts warn that prices could fall and urge buyers to avoid investing money they need soon.


Aliko Dangote plans to raise about $1.6 billion through an IPO of Dangote Industries to help fund a $14.3 billion expansion that would double the refinery’s capacity to 1.4 million barrels per day. The offer is pitched as a way for millions of Nigerians to own a stake, but affordability remains in question despite a 525-naira price per share and a 10-share minimum.

Aliko Dangote’s Nigerian refinery business has launched what is described as Africa’s biggest-ever IPO. If fully subscribed, Dangote could add $23bn to his $35bn fortune, while the refinery’s valuation is expected to reach about 65.22tn naira. The offering is aimed at institutional and retail investors, particularly young Nigerians.
Nigerian billionaire Aliko Dangote launched an initial public offering for his oil refinery on Monday, calling it Africa’s largest share sale to date. The IPO opens ownership of the plant to retail investors and raises funds for expansion.
Nigeria’s Dangote Group plans to sell 4.1 billion shares in its oil refinery, seeking to raise 2.15 trillion naira ($1.6 billion). The offering is expected to become Africa’s largest initial public offering to date.
Nigeria’s Dangote Group is offering the public a 3.3% stake in its 700,000-barrel-per-day oil refinery, in a transaction expected to be the largest of its kind in Africa.
Aliko Dangote, long Africa’s richest man, is poised for a $23 billion rise up the global wealth rankings as he launches an IPO for his refinery, in what would be the continent’s largest offering yet.
US Energy Secretary Chris Wright said the global energy market is being strained mainly by shortages of diesel and other refined petroleum products rather than crude oil supply. He linked the tightness to the global impact of Ukrainian strikes on Russian fuel and energy infrastructure and said Russia is currently exporting no diesel.
A bipartisan group of state attorneys general opposed the Clarity Act, saying they worry the cryptocurrency legislation could limit their ability to bring securities and commodities cases linked to online scams.


Senate Republicans revised key sections of the CLARITY Act in a bid to win Democratic votes. The final draft focuses on four unresolved disputes: crypto ethics rules for federal officials, a stablecoin deposit-flight safeguard for community banks, the scope of developer protections and tighter oversight of digital-commodity intermediaries. It faces a 60-vote procedural test Tuesday.

Bettors on Kalshi and Polymarket sharply increased the odds that U.S. legislation establishing a crypto market structure will advance. Tuesday’s Senate vote is the next test, though the bill still has a lengthy path ahead.

New York Attorney General Letitia James led 17 bipartisan attorneys general in urging lawmakers to reject the Clarity Act, a piece of cryptocurrency legislation, ahead of the Senate’s initial vote.

Blockchain Association executive Summer Mersinger writes that the Senate can show on September 15 that it is capable of addressing issues within a reasonable timeframe, rather than waiting for the next market failure before acting.

The revised Clarity Act draft would require divestiture and allow state attorneys general to sue to enforce its ethics provision, which Donald Trump has agreed to.

President Donald Trump agreed to broader conflict-of-interest rules and state-level enforcement powers to secure the key Senate votes needed for the Clarity Act.
By agreeing to ethics limits he had opposed for a long time, U.S. President Donald Trump has enabled the CLARITY Act to move past its final barrier. The Senate is due to hold a pivotal vote Tuesday on the proposal, described as the most consequential cryptocurrency lawmaking effort ever attempted in the country.
The Bank of Russia has submitted a draft outlining financial market development priorities for 2027-2029 to the president and government. The plan focuses on capital markets, market confidence, investor and consumer protection, digital and payment infrastructure, foreign-trade settlements and systemic-risk mitigation.
The article presents China’s 15th Five-Year Plan as both a domestic development blueprint and an opportunity framework for the world. At the BRICS summit, Xi Jinping outlined initiatives on inclusive open-source AI, trade and investment, digital industries, smart manufacturing, and science and technology talent, with a focus on helping Global South partners build lasting capabilities.

Strive has reached a holding of 25,000 bitcoin after its latest $36.6 million purchase. The acquisition represents a slowdown from the previous week, when the company bought 1,375 BTC for about $109 million.

Sterling dropped to its lowest level in more than a month on Monday as renewed energy-supply concerns drove oil prices higher and investors moved into the safe-haven dollar. Worries about AI risks also weighed on stock markets.
Russia’s current account surplus reached $33.9 billion in January-July 2026, up from $21.5 billion a year earlier, according to preliminary Central Bank estimates. July’s surplus rose to $1.7 billion from $1 billion, as goods exports grew faster than imports. The trade surplus also increased to $79 billion, supported by higher commodity prices.
JPMorgan plans to introduce its long-awaited frontier-market local-currency government bond index by the end of September. The new benchmark will cover nearly $330 billion in debt across some of the world’s fastest-growing economies.
Prediction market traders expect gas prices to reach new highs this year. The outlook comes as oil prices have climbed above $100 a barrel in recent weeks amid renewed tensions between the U.S. and Iran.

EnergyEdge says gas generation between 5pm and 8pm fell 67% in the year to August as utility-scale and household batteries expanded. Batteries supplied 49% of dispatchable power during the August 2026 evening peak, up from 0.4% in 2020, while gas’s share fell to 20.6%. Lower wholesale prices benefit households but may complicate investment in backup gas capacity.

BlackRock’s newer ETHB ETF distributes income from staking, but has not displaced the original ETHA. On Sept. 11, ETHA held about $8.96 billion in net assets versus ETHB’s $1.05 billion, while its trading turnover and net inflows were also substantially higher. ETHB’s shorter operating history and lower liquidity remain important limitations to the comparison.

Oil traders in Asia, a major consuming region, expect prices to stay elevated as fresh attacks weaken hopes for an imminent end to the Middle East conflict. Strong refining margins are also driving demand for physical crude supplies.
The EU trade chief will visit Manila to help finalise a trade agreement with the Philippines. Manila and Brussels have completed six rounds of talks focused on reducing barriers across a wide range of sectors, as Brussels seeks to diversify its trade ties in the Asia-Pacific region.
DeFi Development Corp expanded its Solana treasury to 2.39 million SOL and established a $300 million at-the-market offering for its CHAD perpetual preferred stock.

Bangladesh’s power minister said on Monday that elevated liquefied natural gas prices are slowing industrial growth, causing power outages and squeezing development spending as the government pays more for gas subsidies.
December gold futures on Comex slipped below $4,300 per troy ounce for the first time since August 6, 2026. At 4:08 p.m. Moscow time, the contract was down 2.6% at $4,294.2, before paring the decline to 2.25% at $4,309.5 by 4:58 p.m.
Finam Financial Group analyst Sergey Kaufman says European gas prices could reach $1,200-$1,300 per 1,000 cubic meters if a cold winter coincides with continued conflict in the Middle East. Prices could fall to about $600 if the Strait of Hormuz reopens soon, but low European storage levels are likely to prevent full normalization over the next 12 months.
A Peterson Institute for International Economics analysis says the economic strain caused by the US-Israel war on Iran could lead Saudi Arabia, Qatar and the UAE to favor domestic investment over nearly $4 trillion in US commitments announced under Donald Trump’s “America First” agenda. The conflict has increased pressure to spend on defence, energy infrastructure and trade while weakening the countries’ fiscal positions and economic prospects.

Rosatom CEO Alexey Likhachev says the corporation is ready to discuss the Paks II nuclear power plant project with Hungary at either expert or government-leadership level. He says Budapest is re-evaluating the project and that its design accounts for local conditions, including low Danube water levels.
Canada’s annual inflation rate remained at 3% in August, unchanged from the previous month. Firm crude prices continued to affect gasoline costs, while food-price growth eased only moderately, according to data released Monday.
Canada’s annual inflation rate remained at 3% in August, Statistics Canada reported.
A key benchmark for borrowing costs across the US economy has reached 5%, a move that could soon make buying a home or financing a car more expensive.
The US 10-year Treasury yield has reached 5% for the first time since 2023. The rise in US borrowing costs follows an inflation shock sparked by the Iran war.
The article considers how lenders should price financing for hyperscalers, taking equity investors’ collective histrionics into account in a credit context.
Financial ratings giant S&P Global, BNP Paribas and other traditional banks and exchange operators have joined Kaiko’s Series B, bringing the round to $110 million. The funding will support the company’s expansion into continuous market data services.


S&P Global led a strategic investment in crypto data firm Kaiko, extending the company’s Series B round to $110 million. BNP Paribas, Nasdaq Ventures, RBC, Coinbase Ventures, DRW Venture Capital and several other investors joined the extension.
East Timor’s petroleum minister said the Greater Sunrise natural gas project has delayed its earliest possible production start by two years, to 2034, putting additional pressure on a timeline already beset by decades of delays.
BYD plans to enter Europe’s heavy-truck market next year with its first model there, then move toward producing trucks in the region, according to an executive speaking at Monday’s IAA fair in Hanover.
The September 15 US estimated-tax deadline will move cash into the Treasury’s account as the Federal Reserve begins its meeting. That could tighten dollar funding and curb risk-taking, though bill issuance, government spending and Fed liquidity tools may offset the pressure. Short-term funding spreads will indicate whether conditions tighten.

The global bond market is already in turmoil. A Federal Reserve rate hike this week could raise borrowing costs and slow the economy, but many investors caution that leaving rates unchanged may create bigger problems later.
Fuel surcharges on U.S. grain shipments by rail have more than doubled from a year ago, spreading across the farm belt and increasing transport costs. Farmers are also dealing with higher production expenses, adding to the pressure during harvest season.
Kimberly-Clark is preparing concessions, including possible asset sales, to address EU antitrust concerns over its proposed $40 billion purchase of Tylenol maker Kenvue, according to people familiar with the matter. The steps could help secure approval after a preliminary review.
Some of the world’s leading hedge funds are opening offices in Greece, surprising many. The story examines how Athens won over major names in finance.
Hedge fund manager Crispin Odey has lost his appeal against an industry ban for obstructing an internal disciplinary investigation into allegations of sexual harassment. His £1.8 million fine was reduced, however.
Crispin Odey has lost his appeal against an industry ban, dealing another setback to the hedge fund founder’s efforts to repair his reputation after allegations of sexual harassment and assault.
Bitmine added 27,180 ETH, bringing its holdings to 5.96 million. Adviser Tom DeMark forecasts a sharp upward move for ether in the coming weeks.


Ethereum treasury firm Bitmine has added $68 million worth of ether and is nearing its 5% accumulation target. Tom Lee points to a rising ETH-BTC ratio and institutional demand as potential catalysts for further upside.
Saudi Arabia suspended its 1,200km East-West oil pipeline after drones struck it near Riyadh and Medina. Carrying about 4–5 million barrels per day to the Red Sea port of Yanbu, the route bypasses the disrupted Strait of Hormuz. Its closure could affect up to 5 percent of global oil supply, with repairs potentially taking days or five to six weeks.

Asian refiners are preparing for a tighter supply of sour crude while waiting for Saudi Arabia to provide guidance on exports through the Red Sea following attacks on the East-West Pipeline, industry sources said on Monday.
A spreading war is threatening Donald Trump and Mohammed bin Salman as Saudi energy supplies are hit just as Europe and the US head into winter.
Saudi equities suffered another setback on Monday after the previous trading session’s steep losses. Investor confidence took a hit as attacks affecting the kingdom’s energy facilities and maritime routes intensified; several other major Gulf bourses, by contrast, recorded modest gains.
AirBaltic is negotiating with labor unions on an “adjustment in the workforce,” CEO Erno Hilden told Reuters on Monday. The Latvian carrier had announced that it was voluntarily entering Chapter 11 bankruptcy proceedings as part of its restructuring.
New Federal Reserve data show U.S. domestic hedge funds expanded their gross balance sheets from $2.7857 trillion to $3.1859 trillion in the second quarter. A surprise in September’s rate decision or policy outlook could increase funding and collateral demands, forcing cash-raising in liquid markets. For now, the figures indicate potential amplification capacity, not an actual Bitcoin selloff.

Experts surveyed by TASS expect Brent crude to remain around $95-$115 per barrel in the near term, saying a rise to $150 is not currently the base case. They cite the unresolved Middle East conflict, falling inventories and higher refined-product costs as key price drivers.
China Gas Holdings will purchase 0.5 million metric tons of U.S. liquefied natural gas from Venture Global annually for 20 years beginning in 2030, the two companies said Monday.
Bitcoin was trading above $77,000 as AI-related selling pointed to a weaker Wall Street open. Chip stocks were among the hardest hit, while several software shares rose, suggesting a selective reassessment of the AI trade rather than uniform selling. The US cash session will test whether Bitcoin can hold its level as equity losses broaden or narrow.

Texas Capital Bancshares will move its primary listing from Nasdaq to the Texas Stock Exchange, becoming the fifth company in a week to shift to the upstart marketplace.
Strategy repurchased $139 million worth of STRC shares without changing its bitcoin holdings. The company’s holdings represent roughly 4% of bitcoin’s 21 million supply cap and are valued at about $66 billion.

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