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Flows of Russian oil to major Indian refiners — a boon for both countries’ economies over the past three years — are expected to fall to near zero after the US imposed sanctions on crude giants Rosneft PJSC and Lukoil PJSC.

The Trump administration announced sanctions on Russia’s biggest oil producers, rolling out its first major package of financial punishments on President Vladimir Putin’s economy as part of a fresh bid to end the war in Ukraine.

Am Donnerstag findet in Brüssel der EU-Gipfel der Staats- und Regierungschefs statt. Ganz oben auf der Agenda steht die Festlegung von Leitlinien für das EU-Klimaziel 2040. Die bisherigen Diskussionen auf EU-Ebene lassen auf ein hartes Tauziehen schließen, konkrete Zahlen wird es aber wohl erst im November geben. Doch die Zeit drängt, schließlich sind die EU-Klimaziele auch angesichts der UNO-Weltklimakonferenz (COP30) von großer Bedeutung.

Die EU-Staaten haben sich kurz vor ihrem Gipfeltreffen an diesem Donnerstag auf eine weitreichende Verschärfung der Sanktionen gegen Russland verständigt. Die Pläne sehen unter anderem vor, Russlands Einnahmen aus dem Verkauf von Gas und Öl weiter zu reduzieren, wie die dänische EU-Ratspräsidentschaft in Brüssel mitteilte. Der Beschluss wurde möglich, weil nach Österreich auch die Slowakei ihr Veto zurückzog. Auch die USA verhängten neue Sanktionen.

The European Union is working on trade options to counter China’s planned export controls on critical raw materials should the bloc fail to reach a diplomatic solution with Beijing.

The Swiss franc is closing in on its highest levels in a decade against the euro, as haven demand ripples through global markets due to renewed tariff and political concerns.

European nations are working with Ukraine on a 12-point proposal to end Russia’s war along current battle lines, pushing back against Vladimir Putin’s renewed demands to the US for Kyiv to surrender territory in return for a peace deal.

Swiss watch exports fell in September, hurt by the Trump administration’s 39% tariff on imports from Switzerland to the US, the industry’s largest market.

Gold and silver saw their steepest selloff in years as investors locked in profits on concern that the recent historic rally in the precious metals had left them overvalued.

Japan’s Sanae Takaichi is poised to become the nation’s first female prime minister, taking on the challenges of quelling discontent over the cost of living, dealing with the Trump administration and reviving the fortunes of a ruling party that has lost its dominance at the ballot box.

Die chinesischen Wirtschaftsdaten sind für Präsident Xi Jiping nicht gerade erfreulich. So verlangsamten sich das Wirtschaftswachstum und der heimische Konsum, auch die Immobilienpreise sind erneut gefallen. Der von US-Präsident Donald Trump vom Zaun gebrochene Handelskrieg verschärft die Lage weiter. Die jüngsten Daten dürften den Druck auf Peking erhöhen, neue Konjunkturimpulse zu setzen. Alle Augen sind nun auf den kommenden Fünfjahresplan gerichtet.

Germany needs immigrants to maintain economic momentum and make up for demographic decline, according to Bundesbank President Joachim Nagel.

Chancellor Friedrich Merz doubled down on controversial remarks made last week that suggested Germany has too many migrants, as the conservative politician seeks to regain the initiative over the far right.

President Donald Trump listed rare earths, fentanyl and soybeans as the US’s top issues with China just before the two sides return to the negotiating table and as a fragile trade truce nears expiration.

European Central Bank Executive Board member Isabel Schnabel reiterated that the international role of the euro should be enhanced.

China said the economy is still on track to reach this year’s expansion goal even after reporting the weakest growth in a year, with a boost from booming exports undermined by weak spending and investment.

Der Kreditschutzverband 1870 verzeichnet in Tirol in diesem Jahr einen starken Anstieg von Bauträgerinsolvenzen. Österreichweit gibt es ein Plus von 60 Prozent im Vergleich zum Vorjahr. Gründe seien unter anderem gestiegene Zinsen und eine sinkende Nachfrage und auch eine Marktbereinigung nach dem Immobilienboom.

European Central Bank Governing Council member Martin Kocher sees an equal chance for lowering or raising interest rates as the next move, while for the time being it’s reasonable to keep borrowing costs unchanged.

The Federal Reserve is ready to cut interest rates again this month, because right now a weakening job market outweighs inflation fears. But that balance may not hold for very long.

The International Monetary Fund sees “significant downside risks” to global growth due to renewed frictions between the US and China, the fund’s Director of the Asia and Pacific Department Krishna Srinivasan said on Friday.

A brutal rout in regional bank stocks is highlighting a view that is taking hold among jittery traders: Sell now, ask questions later.

US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements.

Treasury Secretary Scott Bessent predicted a coordinated response to China’s move to control the global supply of rare earths from the US and a number of its allies and partners.

The International Monetary Fund said that global public debt is on track to exceed 100% of GDP by the end of this decade, its highest level since 1948, in the aftermath of World War II.

Die CO2-Konzentration in der Erdatmosphäre hat im vergangenen Jahr um einen Rekordwert zugenommen. Laut der Weltorganisation für Meteorologie (WMO) handelt es sich um den höchsten innerhalb eines Jahres registrierten Anstieg seit Beginn der Aufzeichnungen im Jahr 1957.

US President Donald Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the trade relationship between the world’s two largest economies.

Federal Reserve Chair Jerome Powell signaled the US central bank is on track to deliver another quarter-point interest-rate cut later this month, even as a government shutdown significantly reduces its read on the economy.

The European Central Bank is more likely to lower interest rates than raise them as its next move, according to Governing Council member Francois Villeroy de Galhau.

The International Monetary Fund warned that the global economy is showing signs of strains from sweeping US tariffs and protectionism — even though it so far has held up better than expected.