A concise profile of the chemical element Au and its global role
The IATA predicts a sharp drop in airline profits for 2026 as fuel prices soar and airspace restrictions persist amid Middle East tensions. Airlines are raising fares, cutting routes and trimming schedules while demand remains resilient for now.
Global markets hold steady as US Federal Reserve Chair Kevin Warsh signals a cautious pause, with oil prices stabilising after recent falls. UK inflation data supports expectations of a hold on rates, while energy assets rally on easing supply concerns.
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
Gold and silver have paused their retreat as hawkish central-bank signals and inflation fears weigh on the metals. Oil prices stay subdued, and markets eye key U.S. data on jobs and inflation to gauge the path of monetary policy. Yields on U.S. Treasuries have moved little on the final trading day of June. This update covers developments through July 1, 2026.
Rwandan and Congolese officials remain locked in a dispute over commitments under a Washington-brokered peace deal, with UN experts noting M23 remains active and minerals continue to flow from conflict zones. Western governments have stepped up sanctions, and the ICJ case against Rwanda has widened the international response.
The Scotland 500 shows private equity now owns nearly 60% of listed Scottish firms, underscoring international investor interest in Scotland’s traditional sectors evolving into high-growth businesses. Origo and Vespa Capital are highlighted as unicorn ambitions, while BR-DGE expands beyond gaming to enterprise payments.
U.S. Treasury yields have fluctuated amid hawkish signals from Fed Chair Warsh and ongoing data momentum. Investors await key jobs data and FOMC minutes to gauge policy direction.
Gold has fallen from its 2025 peak as higher real yields and a firmer dollar weigh on prices, with analysts noting divergent drivers behind safe-haven demand and new forecasts suggesting limited upside this year.
The June 2026 US jobs report shows leisure and hospitality employment has fallen by 61,000, undermining expectations that the World Cup would spur hiring. Overall employment rose modestly, with revisions to May and April figures, and analysts weigh whether the tournament will lift local economies in other ways.
The US and Iran have exchanged fresh strikes this weekend and on Monday, reversing a recent interim ceasefire and re‑opening doubt over control of the Strait of Hormuz. President Donald Trump has declared the ceasefire "over," ordered further strikes and revoked a temporary oil waiver. Oil has jumped into the high $70s–$80s and global markets have fallen.
The government has not charged Febrie Adriansyah. Authorities are carrying out raids across Jakarta, South Tangerang, and Bogor in connection with a corruption and bribery case tied to power blackouts and fraud at Asabri and Jiwasraya. The case involves state officials and mining firms amid high-profile investigations.
Treasury Secretary has unveiled a commemorative $1 coin bearing President Trump’s likeness for America’s 250th anniversary. The coin features a gold finish and a forward-facing Trump, prompting questions about living-person portraits on currency. Legal review and congressional oversight are centered on whether the design complies with federal law and existing coinage rules. The coin will be minted in Philadelphia this fall.
Brent crude has fallen about 8–9% to below $88–$92 a barrel after prices briefly topped $100 last week. The drop follows pauses in US–Iran strikes and reports that both sides have halted attacks to allow diplomacy. Markets remain volatile because shipping through the Strait of Hormuz and the Red Sea is still disrupted and analysts warn supply risks and inflationary pressure persist.
The UN and world powers are pressing for governance reform as demand for critical minerals rises. Leaders warn that without local processing and stronger rule of law, mining profits will bypass local communities and fuel conflict. New commitments aim to channel wealth into public services and jobs amid a global scramble for cobalt, lithium, nickel and rare earths.
The central bank has kept the policy rate steady, citing price stability and a steady growth outlook amid global risks. Domestic growth remains solid, while inflation remains within the target band despite recent upticks.
A coalition of 25 US states has filed suit in the US Court of International Trade to stop 10–12.5% tariffs that took effect in July on goods from about 60 trading partners. Plaintiffs say the administration has used forced‑labour claims to recreate broad levies courts have already struck down; the White House says the duties are lawful under Section 301.
GDP growth has slowed to 1.5% in Q2, down from 2.1% in Q1, as a trade deficit widens and petrol prices spike. Consumer spending remains resilient, while AI investment continues to push capital formation and imports, dampening net exports. Fed kept rates unchanged amid inflation concerns, with midterm elections approaching.
The United States has expanded tariffs on imports from more than 60 partners, citing forced-labor concerns. Israel faces a 12.5% duty on exports, with other allies facing 10% tariffs. Governments and exporters warn of economic disruption and potential shifts in trade patterns.
The labor market has a mix of resilience and weakness. Job openings remain elevated in some sectors while hiring slows overall, with unemployment near 4.1% to 4.2% and labor-force participation at historic lows for this cycle. New data suggest a stubborn, low-hire economy as rates stay high and uncertainty persists.
A week of developments in Ethiopia shows a surge in climate resilience and digital security. The Green Legacy Initiative plants hundreds of millions of trees, while the government tightens cyber-security rules to protect critical infrastructure amid its digital expansion.
Global gold-backed ETFs have drawn $3 billion in July, ending two months of outflows as Western investment demand shows tentative signs of recovery. Europe led inflows, North America posted modest gains, and Asian funds boosted holdings, while prices rebound from earlier lows but remain below January highs.
Global markets have steadied as US retail sales disappointed expectations but inflation trends remain subdued. European shares edge higher on energy-price easing, while oil prices pull back slightly amid a holiday lull. The day closes with investors weighing the timing of the next Federal Reserve move.
A block of UK indicators shows services activity expanding and consumer confidence firming, while manufacturing remains modest. PMI readings point to continued growth in Q3, supported by tech investment and exports, though inflation and public finances remain a risk.
The Treasury has expanded debt buybacks and is extending short-term borrowing to manage a growing U.S. debt burden. Analysts warn the strategy addresses near-term costs but leaves the longer-term inflation and funding challenges unresolved as corporate debt rises and global buyers pull back.
Bitcoin has climbed this week as the Treasury Department doubles long-dated debt buybacks, easing yields and attracting buyers across crypto and risk assets. Trump pushes a crypto bill while inflation and debt concerns loom; analysts see potential for further gains but warn of a reversal if hawkish signals prevail.
The US Treasury has announced "Operation Economic Outcast," expanding secondary sanctions and targeting Iran's digital assets, technology, gold, aviation and shipping to sever Tehran's revenue streams. Washington has designated about 60 individuals, companies and vessels worldwide; Iran says it is prepared with contingency plans and vows to pursue both defence and diplomacy.
Bitcoin has rallied further amid a spike in risk appetite after the Treasury Department doubled long-dated bond buybacks, fueling demand for risk assets. Traders are weighing whether the move is sustainable as a major rally continues into the week.
The United States has imposed new sanctions on nearly 60 entities linked to Iran’s oil revenue, cyber operations and nuclear-related procurement as part of a broader effort to sever Tehran’s economic lifelines. Tehran has rejected the measures, while allies weigh responses and potential countermeasures.
Investors are reassessing the debasement thesis as a nearly $40 trillion national debt and persistent deficits keep inflation in focus. Gold and bitcoin rally while long-dated yields show resilience; Nvidia results and policy moves remain key watchers.
Ismail has pleaded not guilty in Kuala Lumpur to a charge under Malaysia’s anti-graft law, accusing him of failing to provide a complete declaration of assets. The case could carry up to five years in prison. He previously served as Malaysia’s prime minister for 15 months and is among several former leaders facing graft proceedings.
The Dutch central bank has shifted a portion of its gold reserves from New York and Ottawa to London to improve tradability and crisis readiness. The move, affecting about 86 tonnes, increases London’s share of Dutch gold to 32.1%, while New York and Ottawa each hold 18.5%. Central bank officials say the relocation strengthens resilience though they do not expect to deploy the gold.
Top long jumper Davis-Woodhall has suffered a severe concussion in a rear collision while en route to training. She remains uncertain for the inaugural World Athletics Ultimate Championships in Budapest, with prize money of $150,000 for each event winner.