News

The Federal Aviation Administration has proposed imposing flight restrictions around Palm Beach Airport because of its proximity to President Trump's winter residence.

Federal Reserve Governor Barr: Consumer spending has shown good resilience so far.

Federal Reserve Governor Barr: Persistent inflation above target poses risks.

Federal Reserve Governor Barr: If inflation doesn't slow down soon, then it will be time to raise interest rates.

Nigeria set the official selling price for its September Quaibo crude oil at a premium of $1.75 per barrel over the spot price.

The U.S. Redbook retail sales annual rate for the week ending August 29 was 9.6%, compared to 9.1% previously.

Traders say Russia plans to reduce its seaborne crude oil exports from its western ports by about 5% in September compared to August.

Federal Reserve Governor Barr will speak on “Economic Outlook and Financial Inclusion” in ten minutes.

According to Interfax news agency, the Russian Ministry of Finance has resumed auctions of government bonds.

ECB Governing Council member Nagel: Consultations are expected on future intervention measures.

ECB Governing Council member Nagel: The issue of using the euro in US/Japan interventions was discussed at the G20 meeting.

ECB Governing Council member Nagel: I had hoped that the yen intervention could be coordinated.

ECB Governing Council member Nagel: The slowdown in core inflation and services inflation is good news.

ECB Governing Council member Nagel: Despite the ongoing Middle East crisis, the global economy remains on a growth trajectory.

Iranian Foreign Ministry spokesman Bagaei stated that the US military action will further escalate the security crisis in the Strait of Hormuz. He pointed out that this is not the first time the US has committed such a crime, and Iran has responded decisively to every instance of aggression. The continued maritime blockade, economic warfare, and attacks on Iranian infrastructure will inevitably further destabilize the entire region, especially the Strait of Hormuz. He also accused some regional countries of reneging on their commitments and becoming springboards for attacks on Larak Island, and stated that Iran has already struck those targets.

Data shows that 2,149 people died in Spain last month due to heatwaves.

Fitch Ratings: Escalating conflict between the United States and Iran could put the credit ratings of some Gulf Cooperation Council (GCC) countries at risk.

Iranian Foreign Ministry spokesman Bagaei: The actions taken by the United States against Iran are inherently illegal and inhumane.

Iranian Foreign Ministry spokesman Bagaei: The United States lacks the logic to persuade other countries to join the economic war against Iran.

Reuters reported on September 1 that Poland's purchases of defense equipment from domestic companies and Sino-European joint ventures have nearly quadrupled, from approximately 8 billion zlotys in 2022 to 30.4 billion zlotys in 2025. Core defense spending is projected to reach €53 billion in 2026, approximately 4.7% of GDP; the number of active-duty and related military personnel has exceeded 220,000. This indicates that European defense orders are shifting from long-distance imports to domestic production and Sino-European "near-shore production," but the cost is equally significant: large-scale equipment deliveries are pushing up the fiscal deficit, which Poland expects to maintain at 7.1% of GDP in 2027.