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RARE PHOTOS: 3 | Vintage Vibes

Oil prices rise as fighting between US and Iran intensifies

Oil prices rose on Monday morning as fighting between the US and Iran intensified, fuelling concerns over disruptions to energy shipments through the Strait of Hormuz.

Euronews

Oil price soars above $90 as US and Iran escalate war

Analysts warn oil market may be underestimating risk to supply from latest escalation

The Independent UK

Eurozone inflation confirmed at 2.8%: Will it be enough for the ECB to pause?

Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.

Euronews

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Could AI chip boom make ASML Europe's first trillion-dollar firm?

After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: could ASML become Europe's first ever trillion-dollar firm?

The Economic Times

South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing

Asian shares are mostly higher but South Korea's Kospi has fallen nearly 5% as investors unload more stocks linked to artificial intelligence

The Independent UK

After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others

Trump’s tariff program has gone from generating billions to forcing billions in refunds thanks to February's Supreme Court ruling.

Fortune

Real wages are still below 2021 levels in a third of European countries analysed

Real wages fell by almost 2% in the eurozone between early 2021 and early 2026, but the impact on workers’ purchasing power varied sharply across Europe. Euronews Business examines where wages gained and lost the most — and why.

Euronews

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Rupee ends flat as merchant bids, oil blunt comfort from modest inflows

The Indian rupee hovered close to a one-month low on Wednesday, driven by modest portfolio inflows and increased corporate demand for dollars. Asian currencies remained mostly stable, with the dollar index resting near 101. Meanwhile, oil prices rose due to rising geopolitical tensions in the Middle East, prompting market participants…

The Economic Times

European Parliament Moves Digital Euro Proposal Forward

the European Parliament Committee on Economic and Monetary Affairs (ECON) approved its stance on the digital euro regulation by 43 votes to 14, with one abstention, and authorized the immediate opening of "trilogue" talks with the Council and the Commission.

inkl

Rupee slides past 96/USD to one-month low as oil climbs; RBI likely intervenes

On Tuesday, the Indian rupee fell to its lowest level in over a month, influenced by soaring oil prices and ongoing tensions in the Middle East. The Reserve Bank of India likely stepped in to stabilize the currency as Indian equities also dipped and bond yields rose. Market observers are…

The Economic Times

S&P Futures Muted as Investors Weigh Big Bank Earnings, U.S. Inflation Data and Warsh’s Testimony in Focus

September S&P 500 E-Mini futures (ESU26) are down -0.06% this morning as investors digest earnings reports from big U.S. banks, with the focus now turning to key U.S. inflation data and Federal Reserve Chairman Kevin Warsh’s congressional testimony.

Barchart

US NATO Ambassador Whitaker Says Trump Open to Iran Deal If Tehran Stops 'Acting Crazy'

The Trump administration remains open to making a deal with Iran to end more than four and a half months of hostilities, the US Ambassador to NATO Matt Whitaker told Fox News on Sunday.

Benzinga

Rupee little changed as traders tread gingerly with eye on oil, dollar

The Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw gains as Fed rate hike expectations eased. Renewed Middle East tensions kept traders cautious about directional positions in the currency. Analysts remain constructive on the rupee, citing Reserve…

The Economic Times

A World Bank for defence? The lender that Europe's big powers have yet to join

Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.

Euronews

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The Economic Times

RBI intervention, oil price dip help rupee edge modestly higher

The Indian rupee closed stronger on Thursday, supported by central bank intervention. Lower oil prices also helped soothe Indian equities and bonds during trading. Asian currencies were mostly firmer, while the dollar index hovered near the 101 mark. Volatility expectations for the rupee increased slightly after recent Middle East fighting.…

The Independent UK

Asian stocks slip and oil prices jump as Iran and US launch fresh attacks

Shares are mostly lower in Asia and oil prices jumped as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks

Fortune

Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

Everything you need to know before you reach the office this morning.

The Economic Times

Rupee closes at 94.96 vs USD, logs best day in three weeks on NDF dollar sales, bailing shorts

On Tuesday, the Indian rupee experienced its most significant one-day increase in three weeks, driven by heightened dollar selling activity within the non-deliverable forward market. This prompted traders to adjust their positions, marking a reversal of the prior trend in forward market premiums. Additionally, other Asian currencies showed resilience against…

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Evening Standard

Too hot to handle: how heatwaves are burning a hole in London’s economy

With sweltering temperatures damaging productivity and causing workers to avoid the city, a bump in iced latte sales won’t make up for the hit the capital is taking, writes Lucy Tobin

Everybody Loves Your Money

Mortgage Rates May Stay Above 6% Through 2028, Reuters Poll Finds

Americans hoping for significantly cheaper mortgages may have to wait longer than expected. A new Reuters survey of housing analysts forecasts the average 30-year fixed mortgage will remain in the mid-6% range through at least the end of 2026, with only modest improvement afterward. That means many buyers who have…

Fortune

The yen is quietly crashing as Japan’s debt crisis bleeds into currency markets, and efforts to halt the slide are 'doomed to fail,' economist says

"There’ll come a point when markets will just ignore intervention."

Reason

Man Sues Alleging Brother-in-Law's Autobiography Book Jacket Summary "Whitewashes [Author's] Life Story"

From Wizmann v. Simon & Schuster, LLC, decided Thursday by the California Court of Appeal Justice Stephen Goorvitch, joined by… The post Man Sues Alleging Brother-in-Law's Autobiography Book Jacket Summary "Whitewashes [Author's] Life Story" appeared first on Reason.com.

AAP

Australian shares dip as traders await next catalyst

Banks and miners have weighed on the Australian stock exchange in an underwhelming trading session, while energy, healthcare and IT stocks outperformed.

International Business Times UK

'We Can No Longer Afford This': Germany's Sick Leave Crackdown Sparks Backlash Over Day One Doctor's Note Rule

Germany's Chancellor Merz announces a comprehensive economic reform package, including changes to sick leave, tax relief, and pension adjustments, aimed at revitalising the economy.

The Economic Times

Merchant, arbitrage flows extend rupee's losing streak even as dollar slumps

The Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely central bank intervention. Market flows for arbitrage and merchant payments pressured the currency, which retreated from an early peak. Traders noted increased dollar demand and triggered stop-losses on rupee bets.

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