Official currency of the United States and a key global reserve asset.
The economy has shown resilience as consumer spending rises while the Fed’s preferred inflation measure remains above target. GDP growth has decelerated from earlier in the year, and rate expectations remain uncertain amid energy price volatility tied to Middle East tensions.
Apple has confirmed a high-end focus for its September event, with the iPhone 18 Pro and iPhone 18 Pro Max as the main attractions and a foldable iPhone Ultra expected to be unveiled. The base iPhone 18 is delayed to spring 2027, while AirPods and other components face supply and price pressures.
A coordinated U.S.-Japan intervention in late July has only temporarily strengthened the yen. The currency has given back roughly half the gains from the operation and is trading near ¥159–¥160 to the dollar as of mid-August. Analysts say the yield gap between U.S. and Japanese debt and Japan's domestic policy mix are keeping downward pressure on the yen.
The yen has strengthened in a coordinated intervention involving the U.S. and Japan, reflecting a shared aim to curb disorderly moves and protect global markets. Tokyo backs the move with Washington, while the U.S. signals continued readiness to act with Tokyo. Analysts warn of higher long-term borrowing costs amid global deficits and the AI buildout.
Trump Media & Technology Group has launched Truth API, a paid, millisecond‑latency feed selling prioritized access to posts from the platform's top accounts to institutional clients, including high‑frequency trading firms and news organisations. The feed has already been linked to large, rapid market moves and has drawn legal and congressional scrutiny over conflicts of interest.
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 data suggests consumer spending is softer while inflation trends remain in check. Traders are watching for Federal Reserve guidance as major indices hover near records after a week of mixed signals across equities, bonds and currencies.
Liberia’s former vice president has denied involvement in a transnational cocaine-trafficking network. Police accuse her of meetings and payments linked to the operation; she has been detained, hospitalized for a medical emergency, and court appearances have been disrupted as the investigation broadens to include foreign suspects and multiple charges.
The Dutch Data Protection Authority has imposed an €825 million fine on Uber for GDPR violations involving automated decision-making that suspended drivers from 2018 to 2022, with human review and appeal processes underscored by regulators.
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 BBC, Independent, and other outlets report on Scotland’s price-cap measures for essentials and public transport, amid fears from farmers that costs could ripple through to producers. Pilot schemes show rising bus ridership, but warn of unintended consequences as caps expand.
The U.S. Mint has launched a commemorative $1 coin bearing President Trumps portrait to mark the countrys 250th anniversary. The coins went on sale and into circulation this week, sold in rolls and bags at a steep premium to face value, and have drawn legal and political challenges because federal rules generally bar living people from appearing on currency.
Iran has introduced a higher price for its heaviest gasoline users, marking the second such hike since December. The move targets those exceeding the 110-liter monthly quota and is expected to influence consumer inflation amid a weak currency and rising living costs.
Oil prices have surged as tensions in the Middle East intensify, pushing Brent above $100 a barrel while U.S. stocks retreat amid higher energy costs. Traders await inflation data and Federal Reserve signals as markets reassess risk.
Brent crude has climbed above $101 as attacks on vessels in and near the Hormuz Strait escalate, triggering a rapid rally in energy prices and stoking expectations that central banks will tighten policy. Iran says it has struck more than a dozen ships, while the waterway remains blocked and Saudi-Yemen conflict risks persist. Markets pull back on inflation concerns as Washington prepares CPI data.
BRICS leaders are gathering in New Delhi as tensions over Ukraine, the Middle East, and U.S.-China dynamics test the bloc’s ability to find common ground. Leaders push for reforms to global institutions, digital collaboration, and currency diversification, while facing fractures over sanctions and regional conflicts.
Global markets waver as AI-linked stocks retreat after OpenAI signals a potential year-end stock sale delay. SoftBank jumps on OpenAI ties; oil prices rise amid Middle East tensions. Wall Street edges lower as investors weigh safety over growth.
Josh Kerr has delivered a landmark season, winning the Ultimate Championship 1500m and collecting multiple titles, as Amy Hunt also posts a record-breaking year. The duo’s success fuels discussion over BBC SPOTY selection amid a strong athletics year.
Census data shows real median household income has risen to a record $87,460 in 2025, offset by continued disparities: top earners pull away while lower- and uninsured households see limited gains. Women’s pay climbs, but the gender gap remains wide. Health coverage holds steady despite ongoing affordability concerns.
An independent commission has found Manchester City guilty of the vast majority of 115 Premier League financial-rule charges covering 2009–18, multiple outlets have reported. Sanctions have not been decided. City has said the process remains ongoing, has vowed to appeal and has told supporters the club will defend its position. (08 Oct 2026)
A cross‑border Barometer shows Israelis report a stronger sense of identity, while Europeans are viewed as less safe for Jews. Israelis see themselves as more Middle Eastern than European and remain skeptical of the EU’s success, with pessimism rising about Jewish life in Europe among older respondents.
Manchester City has been found guilty by an independent commission of financial rule breaches across nine seasons. The club denies wrongdoing and is appealing. Manager Enzo Maresca has reiterated faith in the club’s leadership and says the team is focusing on the pitch as the appeal unfolds and ahead of a high-profile clash with Liverpool.
China has continued its 23-month gold-buying streak, adding about 23 tonnes in September and expanding domestic gold use as a hedge against dollar exposure and sanctions. Private demand is rising as households seek safe assets amid a slowing economy and geopolitical risk.