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Euro-area inflation picked up in July after the collapse of a US-Iran ceasefire boosted oil prices, reinforcing expectations that the European Central Bank will need to raise interest rates again.

The US economy grew at a weaker-than-expected pace in the second quarter, though a pickup in consumer spending and solid business investment signaled underlying strength.

Erstmals seit fast einer Woche hat die US-Armee nach eigenen Angaben wieder Ziele im Iran angegriffen. Die Angriffe seien eine „kraftvolle“ Reaktion auf iranische Angriffsversuche auf US-Basen in der Region, teilte das zuständige Regionalkommando Centcom am Mittwoch (Ortszeit) auf der Plattform X mit. Der Iran meldete drei Tote. Zuvor hatte US-Präsident Donald Trump mit „harten“ Vergeltungsangriffen auf den Iran gedroht.

France’s economy returned to growth in the second quarter, while Spain added momentum, demonstrating Europe’s continued ability to weather the fallout from the Iran war.

Federal Reserve Chairman Kevin Warsh insisted policymakers’ decision to leave interest rates unchanged wasn’t a sign of inertia at the central bank, which he reiterated is committed to tackling inflation.

The European Union is planning to sanction more than 1,600 companies it says are helping Russia’s war against Ukraine, the most firms it has blacklisted in one package.

US consumer confidence fell in July as Americans’ views about current business conditions and the labor market deteriorated.

ASML Holding NV shares slid to the lowest since early June after a report that a Chinese state-backed company has begun mass producing certain chipmaking machines which could present a potential threat to the Dutch firm’s sales.

A $470 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks.

A global selloff in semiconductor stocks deepened on Tuesday, as fresh signs of China’s progress in advanced chipmaking and mounting concerns over the artificial intelligence spending boom sparked another wave of selling across the sector.

Wildfires in France and Spain that forced the evacuation of more than 300,000 people have stabilized, but the onset of the summer’s fourth heat wave means little respite for emergency services.

German companies are increasingly delaying investment and considering moving production abroad to avoid ever-higher energy costs at home.

Nvidia Corp. is working on a fresh round of AI deals worth more than $750 billion, accelerating investments that skeptics have warned are artificially inflating demand and valuations across the industry.

The European Central Bank will have to raise interest rates at least one more time to ensure that inflation risks don’t spin out of control, according to Governing Council member Peter Kazimir.

CXMT Corp.’s shares rose 472% when they began trading in Shanghai on Monday, making the memory chipmaker China’s largest listed firm onshore.

Federal Reserve officials will head into their policy meeting this week confronting a resurgence in price pressures that could make their decision on whether to hold or hike interest rates a close call — and a contentious one.

European Central Bank policymakers shirked from signaling a potential hike in borrowing costs in September, waiting for data to justify any move.

Volkswagen AG warned that sales may fall again this year as a deepening slump in China intensifies pressure on Chief Executive Officer Oliver Blume to overhaul Europe’s largest carmaker.

The European Central Bank will be able to lean on a raft of fresh information in September when it next meets to discuss interest rates, according to Governing Council member Joachim Nagel.

The US will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was pierced by the Supreme Court.

Intel Corp. surged in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround.

European Central Bank officials are prepared to raise borrowing costs in September unless the euro-zone inflation outlook improves markedly, people familiar with the situation said.

Die Europäische Zentralbank legt eine Zinspause ein. Der für Banken und Sparer wichtige Einlagensatz bleibt bei 2,25 Prozent. Gut möglich jedoch, dass im September die nächste Erhöhung folgt.

Brent crude hit $100 a barrel for the first time in two months after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea, escalating the Middle East conflict and threatening deeper supply disruptions.

The Houthis, a militant group in Yemen who have been threatening to open another front in the Iran war, said they had targeted two oil tankers in the Red Sea.

The scale of climate-related disruption to supply chains is being underestimated as global warming pushes the planet to the brink of environmental tipping points, according to Ravi Menon, Singapore’s former central bank chief.