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Treasury Secretary Scott Bessent warned the US faces dire consequences if it loses out in the AI race with China, highlighting the angst in Washington about its rival’s tech advances.

Brent oil moved closer to $100 a barrel after the US struck Iranian tankers near the vital crude-export hub of Kharg Island, stoking fears of deeper disruptions through the Strait of Hormuz.

Europe’s natural gas markets may get a helping hand from weather conditions in the upcoming heating season, with a growing consensus among forecasters that an unusually mild autumn and winter will curb demand.

Canada is poised to impose tariffs of 15% to 50% on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner.

The yen is closing in on its strongest level this year after a break through 155 per dollar triggered stop-loss orders, putting the 152 area firmly in traders’ sights.

German Chancellor Friedrich Merz is facing intensifying pressure to come up with a convincing response after an overwhelming victory by the far right in a state election delivered a powerful blow to the political establishment.

Aus der Landtagswahl in Sachsen-Anhalt am Sonntag ist die Alternative für Deutschland (AfD) als klare Siegerin hervorgegangen, hat aber eine absolute Mehrheit knapp verpasst. Die von Sachsen-Anhalts Verfassungsschutz als gesichert rechtsextremistisch eingestufte Partei erreichte laut vorläufigem amtlichem Ergebnis 43,8 Prozent der Stimmen. Die bisher regierende CDU stürzte auf 17,2 Prozent ab. Sachsen-Anhalt steht vor einer schwierigen Regierungsbildung.

„Wir sind Familie“, betonte EU-Kommissionspräsidentin von der Leyen bei ihrer Ankunft in Grönland. Nun will sie die Partnerschaft mit einem großen Finanzpaket stärken - auch als Signal gegen die Gebietsansprüche der USA.

Jaguar Land Rover Automotive Plc will slash some 4,000 jobs as Britain’s largest carmaker grapples with US tariffs, the fallout of a crippling cyberattack and intense competition.

Völlig überraschend und einen Tag vor der ursprünglich geplanten Aufsichtsratssitzung hat sich der größte europäische Autokonzern Volkswagen Donnerstagabend auf einschneidende Sparmaßnahmen geeinigt. Der Aufsichtsrat stimmte dem Sanierungsplan („Zukunftsplan 2030“) des Konzernvorstands zu. Damit wurde die Streichung von 50.000 weiteren Stellen in den kommenden Jahren angekündigt.

Federal Reserve Governor Christopher Waller said his next decision on interest rates will be “heavily influenced” by August inflation data due next week.

Swiss inflation accelerated far more than analysts anticipated to the fastest pace since September 2024, suggesting a weaker franc is feeding through to the economy.

Europe is nearing the end of summer with a low natural gas buffer, threatening to intensify a global fight for supply.

Sift through the filings of pension funds and insurers around the world and one thing stands out: some of the biggest holders of US assets have little protection against a weaker dollar, leaving the currency at risk of steeper declines if sentiment suddenly turns.

A disagreement between Chinese and US officials at a Group of 20 finance chiefs meeting this week mostly revolved around a dispute over one word, according to people familiar with the talks.

The centuries-old roads in the UK capital present challenges that Los Angeles and San Francisco don’t.

Fighting between the US and Iran over control of the Strait of Hormuz intensified after a period of relative calm, triggering a fresh jump in energy prices as fears grow of an open-ended war.

Governing Council member Joachim Nagel indicated that the European Central Bank will raise borrowing costs next week, though he stayed wary on what comes after that.

Global bond yields climbed back to the highest level in almost two decades as rising oil prices fueled inflation concerns and investors ramped up expectations for interest-rate hikes.

Federal Reserve Governor Michael Barr said the central bank should be prepared to raise interest rates if inflation fails to subside, warning price pressures are at risk of becoming entrenched after being above target for more than five years.

The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers and the Islamic Republic responded by firing missiles toward Jordan.

President Donald Trump’s intensifying economic campaign against Iran is testing the limits of the security grouping Xi Jinping and Vladimir Putin have spent years expanding as a counterweight to US power.