Macroeconomy
Russia expands cryptocurrency mining ban to Moscow through 2032
The expansion follows concerns from energy officials regarding electricity demand and data center capacity.
Fed official: Bond sell-off warns on credibility
Alberto Musalem backs dissenters' call for rate hike to bolster inflation stance
Japan's Population Dips Below 120 Million for First Time in 42 Years
The decline in Japanese nationals accelerates while foreign residents reach a record high, highlighting demographic challenges.
Australia explores first new oil refinery in 60 years
A feasibility study is planned for Western Australia amid inflation risks from Middle East conflict
Türkiye Central Bank amends foreign currency conversion support rules
New regulations tie conversion incentives to corporate value-added and extend temporary support periods.
Eurozone inflation rises to 2.9% in July
Higher energy prices drive headline inflation up from June levels, meeting economist expectations.
Turkey tourism revenue falls 2.6% in second quarter of 2026
Visitor numbers and total revenue declined as average nightly spending reached 113 USD
US Federal Reserve Board proposes modernizing mutual bank rules
The move aims to increase capital-raising flexibility and reduce procedural burdens for depositor-owned institutions.
North Korea's economy expands as arms deals with Russia boost growth
Growth was driven by military cooperation with Moscow and increased trade with China, according to South Korean estimates.
France annual inflation rate reaches 2.1% in July
Energy and services price increases drove the upward movement from June levels
Swiss National Bank reports CHF 25.2 billion H1 profit
Gains on foreign currency and equities offset valuation losses on gold holdings in the first half of 2026.
Estonia HICP rises 0.5% in July
Housing and tourism-related services drive monthly increase as annual inflation holds at 2%
BIS warns AI boom risks monetary policy errors
Central banks face difficulty interpreting economic signals as artificial intelligence simultaneously affects supply and demand.
China factory activity contracts in July, missing forecasts
Official PMI falls to 49.2, ending four months of expansion as export momentum fades and policymakers pledge new support measures.
Japan Cuts 2026 Growth Forecast to 0.9%
The Cabinet Office lowered its outlook as Middle East tensions influence oil prices, setting a goal for a primary budget surplus in 2027.
Fed holds rates steady at 3.5-3.75% with dissent
Three policymakers voted for a hike as Chairman Warsh continues his shift toward shorter, simpler policy statements.
Fed Holds Rates Steady Amid Internal Debate Over Inflation Path
Chair Warsh rejects 'pause' label, with three officials dissenting in favor of a hike.
Fed Holds Rates Steady as Markets See 70% Chance of September Hike
Three policymakers dissented in favor of a 25-basis-point increase while swap markets signal rising expectations for tighter monetary policy.
US economy grows 1.5% in Q2, missing forecasts
Underlying demand accelerates despite geopolitical headwinds and persistent inflation above the Federal Reserve's target.
BOJ Set to Hold Rates but Signal Future Hikes as Yen Weakens
Market expects steady policy at July meeting, but focus shifts to hawkish guidance and updated forecasts amid yen at 40-year lows.
Bank of England Holds Interest Rate at 3.75%, MPC Split 6-3
The decision reflects balancing risks from US-Iran tensions and easing UK price pressures.
Türkiye and Syria Central Banks Sign Lira Deposit Account Agreement
The deal allows Syria's central bank to hold Turkish lira accounts at TCMB, aiming to deepen financial ties.
US initial jobless claims rise to 197,000, below expectations
Weekly claims increased by 9,000 but remained lower than economists' forecast of 201,000.
Bank of England holds interest rates at 3.75% as inflation risks rise
Three policymakers voted for a rate increase; energy prices and conflict in the Middle East cloud the outlook.
Bank of England Maintains Bank Rate at 3.75%
Three members of the Monetary Policy Committee voted for a quarter-point increase.
Turkey Rises to 7th in Global Steel Production
The country produced 38.1 million tons of crude steel in 2025, surpassing Germany and moving up one spot.
Central bank gold buying continues at high levels in Q2 2024
Global gold demand held steady at 1,269 tons in the second quarter, despite weak jewelry consumption and ETF outflows.
Saudi Economy Shrinks 4.8% in Q2 2026, Sharpest Drop Since Pandemic
Oil activity plunges 24.7% amid Middle East conflict and Strait of Hormuz disruptions, while non-oil sectors show modest growth.
German economy grows 0.2% in Q2, exceeding forecasts
Preliminary data from Destatis shows Europe's largest economy expanded slightly more than expected in the April-June period.
Lebanese Depositors Set Fires Outside Banks in Beirut Over Frozen Savings
Protesters demand access to accounts locked since 2019 as economy remains in deep crisis.