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European Central Bank policymakers are convinced that no further interest-rate cuts are needed to deliver 2% inflation, despite new economic projections pointing to an undershoot over the next two years, according to people familiar with their thinking.

The European Central Bank kept borrowing costs unchanged for a second meeting, deeming inflationary pressure contained and economic dangers abating. Investors concluded that there’ll be no more cuts.

Die Europäische Zentralbank hat die Leitzinsen in der Eurozone abermals nicht angetastet. Der vor allem für Sparer wichtige Einlagensatz liegt weiterhin bei 2,0 Prozent.

Applications for US unemployment benefits jumped last week to the highest level in almost four years, indicating layoff activity may be on the rise amid a sharp slowdown in hiring.

China is preparing to tackle the significant backlog of unpaid bills owed by local governments to the private sector, according to people familiar with the matter, an amount of arrears some have estimated at over $1 trillion.

Stocks advanced on Wednesday after a cooler-than-expected producer inflation report fueled interest rate cut bets and strategists across Wall Street raised their outlooks on the US stock market.

Poland sought a consultation of NATO powers after shooting down drones that crossed into its territory during Russia’s latest massive air strike on Ukraine, calling the incursion an “act of aggression.”

A judge temporarily blocked President Donald Trump from ousting Federal Reserve Governor Lisa Cook over allegations of mortgage fraud, ruling that the unproven claims against her likely do not amount to the necessary “cause” for removal under US law.

French President Emmanuel Macron will appoint a new prime minister within days, after the current premier lost a confidence vote in the lower house of parliament.

Israel conducted an unprecedented strike against senior Hamas leaders in the Qatari capital of Doha, escalating an already tense standoff between the country and Arab nations over the war in Gaza.

Prime Minister Francois Bayrou emphasized the need to fix France’s fiscal problems ahead of a confidence vote later Monday that will likely lead to his government’s collapse.

China’s export growth slowed to the weakest in six months as a slump in shipments to the US deepened again, although a surge in sales to other markets kept Beijing on track for a record trade surplus of over $1.2 trillion this year.

US President Donald Trump threatened a probe that could prompt fresh tariffs in response to the European Union fining Alphabet Inc.’s Google over findings the company abused its dominance by giving its own ad exchanges a competitive advantage.

US job growth cooled notably last month while the unemployment rate rose to the highest since 2021, fanning concerns the labor market may be on the cusp of a more significant deterioration.

Xi, Putin and Modi’s rare show of unity holds the potential for deeper economic shifts beyond the photo ops.

Federal Reserve Bank of New York President John Williams said his forecast is that it will “become appropriate” to cut interest rates “over time,” without clarifying the timing or pace of such moves.

Treasury yields declined Wednesday after a weaker-than-expected report on hiring and firing by US employers in July caused traders to almost fully price in a Federal Reserve interest-rate cut this month.

US job openings fell in July to the lowest in 10 months, adding to other data that show a gradually diminishing appetite for workers amid heightened policy uncertainty.

Äußerungen von Rajiv Bajaj, Chef des KTM-Miteigentümers Bajaj Auto, im indischen Fernsehen sorgen für Beunruhigung: Wie die „OÖ Nachrichten“ am Mittwoch berichteten, ließ er in einem im August ausgestrahlten Interview mit dem Satz, die Produktion in Europa sei tot, aufhorchen und durchklingen, dass KTM ja auch in Indien produzieren könnte.

Germany’s services sector shrank last month, proving less resilient than initially estimated.

Russia’s Gazprom PJSC signed a legally binding agreement to build the Power of Siberia 2 gas pipeline to China via Mongolia and agreed to expand deliveries via two other routes.

Gold hit a record high as the prospect of Federal Reserve rate cuts and growing concerns over the central bank’s future gave fresh legs to the multiyear rally in precious metals.

Euro-area inflation accelerated beyond the European Central Bank’s target, cementing expectations that officials will keep interest rates steady when they meet next week.

Im ORF-„Sommergespräch“ hat Bundeskanzler Christian Stocker (ÖVP) Montagabend bereits vorweggenommen, dass in Sachen Teuerung weiteres Ungemach droht. Am Dienstag teilte die Statistik Austria mit, dass die Inflation laut Schnellschätzung im August weiter gestiegen ist: auf 4,1 Prozent. Das erhöht den Druck auf die ÖVP-SPÖ-NEOS-Regierung, die sich in ihrer Klausur am Dienstag und Mittwoch auch Maßnahmen gegen die Teuerung widmen will.