The US dollar is in the news as it weakens sharply in 2025 amid global economic turmoil, sanctions, and market fears—it's the world's main reserve currency.
Cuba has been experiencing worsening fuel shortages, blackouts, and transportation disruptions as U.S. efforts to block oil supplies have intensified. President Miguel Díaz-Canel has warned of a heavy toll and urged Cubans to endure further sacrifices, with services across the island increasingly strained and life returning to a fragile normal.
The US-Israeli war with Iran has expanded, affecting regional trade and energy markets. Egypt, though not directly involved, faces currency devaluation, inflation, and potential disruptions to the Suez Canal as regional tensions rise and shipping reroutes increase. Authorities warn of economic repercussions.
The Bank of England's Monetary Policy Committee has voted 8-1 to keep Bank Rate at 3.75% today. The BoE has published three energy-price scenarios that lift near-term inflation forecasts and show a risk of prolonged high inflation; Governor Andrew Bailey has said the committee is monitoring second-round effects while the jobs market is weakening.