Saudi wealth fund annual profit tumbles 60% as high rates, inflation bite

Saudi Arabia's sovereign wealth fund crossed $1 trillion in assets, but profits fell 60% due to interest rates and project impairments as it pursues economic diversification.

Senate Republicans try to get Trump’s tax cuts over the line, setting aside cost concerns

German inflation eases to 2.0% in June, defying forecasts

German inflation fell to 2.0% in June, with core inflation at 2.7%. Energy prices declined, but core inflation may remain high due to economic recovery concerns.

Brazil’s public sector debt edges up to 76.1% of GDP in May

Brazil's public sector debt increased to 76.1% of GDP, driven by rising interest payments and tighter monetary policy, despite a narrower primary budget deficit in May.

Global leaders tackle poverty and climate goals at Spain summit

A global summit in Seville addresses poverty, climate change, and sustainable development, stressing the need for cooperation, funding, and financial system reforms amid rising challenges.

China urges Canada to ’correct wrongdoing’ over Hikvision shutdown

China urges Canada to reverse Hikvision's operational ban, asserting rights of Chinese businesses and denouncing alleged discrimination and misuse of national security concerns.

Russian central bank may cut key rate by more than 1 percentage point in July, senior central banker says

The Russian central bank may cut interest rates significantly if inflation trends support a decline to 4% by 2026, as indicated by Deputy Governor Zabotkin.

ECB tweaks strategy to counter sustained inflation swings - either up or down

The ECB updates its five-year strategy to respond equally to high and low inflation, reflecting lessons learned from recent economic challenges and emphasizing a more cautious approach to monetary policy.

Trump’s ’big, beautiful’ bill set to further tarnish Treasuries’ lustre overseas

As Trump's spending bill advances, foreign investors diversify from U.S. Treasuries, concerned about rising deficits and inflation, while retaining interest in European and other global markets.

Analysis-Chinese money fires up Hong Kong shares

Chinese investment in Hong Kong shares surges due to lower valuations, boosting the market amid U.S.-China tensions and offering attractive dividends compared to mainland stocks.