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.

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.

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.

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.

A crunch in public finances is forcing Vienna to increase the cost of its annual public transport ticket for the first time in 13 years, ending a euro-a-day fare for unlimited travel on city buses, trams and underground subways.

Die trübe konjunkturelle Lage belastet weiterhin den Arbeitsmarkt – das wird wohl auch die Regierung bei ihrer Klausur am Dienstag und Mittwoch beschäftigen. Im August stieg die Arbeitslosigkeit um 4,2 Prozent. Eng daran geknüpft sind die schwache Wirtschaftsleistung und die Teuerung, auch das soll die kommenden zwei Tage auf der Agenda von ÖVP, SPÖ und NEOS stehen.

Chinas Präsident Xi Jingping und Russlands Staatschef Wladimir Putin haben sich beim Gipfel der Schanghaier Organisation für Zusammenarbeit (SOZ) für eine Weltordnung ohne eine Dominanz der USA und Europas starkgemacht. Die Welt stehe an einem „neuen Scheideweg“, sagte Xi am Montag, und plädierte für „echten“ Multilateralismus. Ein Schritt dazu soll der Aufbau einer gemeinsamen Entwicklungsbank sein.

Chinese President Xi Jinping secured an agreement from partner countries to set up a new development bank, realizing a longtime ambition in a display of Beijing’s growing influence.

Prime Minister Narendra Modi used his first trip to China in seven years to reset relations with India’s powerful neighbor while also seeking to strengthen ties with Russia as President Donald Trump ratchets up tensions with New Delhi.

US stocks retreated from records on thin volume Friday ahead of the long Labor Day holiday weekend, with investors taking profits after the Federal Reserve’s preferred measure of underlying inflation remained stubbornly high last month.

US consumer spending rose in July by the most in four months, indicating resilient demand in the face of stubborn inflation.

Russian President Vladimir Putin has a rare opportunity to meet with his two most important energy partners this weekend, at a time when he needs something from both.

When Xi Jinping gathers his closest international allies for one of the landmark summits of his more than a decade-long rule, many will be seeking reassurance after emerging scarred from conflicts.

Inflation in three of Europe’s top economies was a touch less than expected this month, though the data suggest price growth for the region as a whole is unlikely to deviate much from the European Central Bank’s 2% target.

German inflation quickened more than anticipated to surpass 2%, capping a mixed round of price data from the region’s top economies that’s unlikely to persuade the European Central Bank to change interest rates next month.

Federal Reserve Governor Christopher Waller again called for lower interest rates, saying he would support a quarter-percentage point reduction in September and anticipates additional cuts over the next three to six months.