Ukraine-Russia Russia Cuts Key Rate to 14% as Inflation Risks Rise
The Bank of Russia cut its key rate to 14% but raised its inflation outlook, signaling slower easing as fuel costs, supply constraints, and fiscal risks persist.
Ukraine-Russia 
Eurozone ECB Holds Rates as Energy Shock Tests Inflation Path
The ECB kept rates unchanged as June inflation eased, but energy costs, tighter credit and a fragile path back to 2% kept policy risks elevated.
Middle East Conflict Red Sea Attacks Push Oil Above $100 as War Widens Again
Oil surged above $100 after Red Sea tanker attacks widened shipping risk, reviving inflation, credit and sovereign concerns.
Eurozone ECB Holds Rates as September Hike Risk Stays Alive
The ECB held its three policy rates unchanged after June's increase, but energy-driven inflation and tighter credit keep a September hike in play.
Global Economy World Bank Warns War Could Cut Global Growth to 1.3%
The World Bank says a prolonged Middle East energy shock combined with financial stress could cut 2026 global growth to 1.3%.
Global Economy Developed-Market Debt Heads for Record $75.8 Trillion
Fitch expects developed-market government debt to reach a record $75.8 trillion in 2026. Higher refinancing costs are testing budgets and bond markets.
US US Import Prices Rise as Nonfuel Costs Keep Climbing
U.S. import prices rose 0.3% in June as nonfuel industrial supplies, capital goods, and consumer imports gained despite lower fuel costs.
US US Retail Sales Rise as Fed Rate Debate Intensifies
U.S. retail sales rose 0.2% in June, keeping consumer demand and the Federal Reserve's interest-rate debate in focus.
Eurozone France Faces Debt Surge Unless Spending Is Curbed
A government-commissioned report says France's debt could exceed 130% of GDP by 2030 without durable spending restraint.
EUR EU Clears €659 Million for Germany’s Chip Supply Chain
The European Commission cleared €659 million in German aid for four first-of-a-kind semiconductor projects spanning materials, power devices, metrology and industrial detectors.