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German manufacturing grows despite logistics, inflation, and shortages
Germany’s manufacturing sector has been expanding with confidence. In September, the S&P Global Germany Manufacturing PMI came in at 53.9, a slight dip from 54.3 in August but still well...
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US Treasury urges calm as global bond sell‑off drags Treasuries lower
US Treasury Secretary Scott Bessent urged investors not to panic over a record rise in Treasury yields. In an interview with Axios, he said borrowing costs reaching levels not seen...
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France has no clear strategy to tackle 120% debt, ECB’s Lagarde says
France’s public debt has risen to about 120% of GDP, and the government lacks a clear strategy to curb its expansion, European Central Bank President Christine Lagarde said...
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Trump orders federal agencies to replace AI term with “super intelligence”
US President Donald Trump has signed an executive order directing federal agencies to stop using the term “artificial intelligence” and instead adopt “super intelligence” (abbreviated SI) in official communications...
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Inflation in major European countries jumps to multi‑year highs on fuel prices
Inflation in leading eurozone countries has risen to its highest level in years following another spike in energy prices. Bloomberg reports that September readings in Germany, France, Italy, and Spain...
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Renovation costing billions heightens clash between Trump and Powell
US President Donald Trump has demanded that former Federal Reserve Chair Jerome Powell leave the Fed’s Board of Governors. The trigger was an inspector general report revealing massive cost overruns...
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China prepares package of measures against European companies and goods
Beijing is ready to deploy a broad set of retaliatory measures if the European Union proceeds with restrictions on Chinese companies, Global Times reports. The trigger is Brussels’ plans...
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Lagarde cools market expectations, signals pause until December forecasts
European Central Bank President Christine Lagarde said the bank will not sharply accelerate interest rate increases, favoring a moderate policy stance as the most prudent approach. She made the remarks...
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UK prime minister flags return to EU, criticizes Brexit legacy
British Prime Minister Andy Burnham said the UK should consider rejoining the European Union as part of a review of relations with the bloc, arguing that Brexit “has done more...
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Odds of Fed rate hike before election tops 70% despite historical precedent
Markets are increasingly betting that the Federal Reserve will raise the policy rate again at its meeting in late October. The odds of such a scenario have risen notably over...
