Official currency of the United States and several others. Established by the Coinage Act of 1792.
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.
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.
The Fed has maintained policy amid inflation that remains above the 2% goal. Markets are watching for Warsh's approach, with two potential paths emerging as data guides policy. Public appearances and congressional testimony will shape expectations for rate moves this year.
The yen has weakened to multi-decade lows as US rates remain higher than Japan's. Intervention is being considered, but the long-running carry trade and energy costs keep downward pressure on the currency. Markets are watching potential official action and the broader implications for Japan's economy and global markets.
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.
Anthropic is launching an internal drug-discovery program to develop AI tools for life sciences, focusing on neglected diseases. The effort aims to create drug-discovery capabilities in-house and partner with industry, while navigating the costly regulatory path and uncertain clinical development timelines.
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.
A Los Angeles jury has found Chris Brown liable for negligence in a lawsuit brought by Maria Avila, a housekeeper attacked by Brown’s guard dog Hades. Avila is awarded $12.9 million, with her sister and husband also receiving damages; Brown argued the dog was needed for security and that he alerted staff about the animals.
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 United States has launched a wave of strikes on Iran after attacks on three ships in the Strait of Hormuz. Iran retaliates by targeting US bases in Bahrain and Kuwait. Oil prices have risen amid renewed fighting, and talks toward a ceasefire appear fragile as both sides accuse the other of violations.
Luis Manuel Otero Alcántara has arrived in Miami after a five-year prison sentence in Cuba. The exile follows a U.S. parole grant and mounting diplomatic pressure. He is the cofounder of the San Isidro Movement, whose members have faced persistent repression in Cuba.
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.
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
A heavy, rain-triggered landslide in Pengshui County near Chongqing has buried more than 10 buildings. Over 1,100 residents have been relocated. Ten people have been rescued, eight died, and authorities say rescuers are mapping stable access paths as they work with water and debris. Relief funds have been allocated as rescue operations continue.
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.
Kenya’s Deputy President has reiterated that intergovernmental coordination remains under his chair, amid ongoing speculation that his role may shift. Analysts say constitutional safeguards keep IBEC under the Deputy President, while some officials describe online claims as fake news.
The International Organization for Migration says scam centres employing up to 300,000 workers across Myanmar, Cambodia and Laos lure victims through fake job ads, seize documents, and force participation in online scams. Victims come from over 80 countries and include graduates with strong English. IOM has assisted thousands and is calling for cross‑border action and awareness.
Amazon's AWS has posted a 37% revenue gain for the June quarter, outpacing expectations and contributing to a broader revenue beat for the company. Net income rose sharply, while overall sales reached about $200.6 billion as AWS drives profitability and future AI initiatives.
The latest U.S. inflation readings show persistence above the Fed’s 2% target while growth softens in Q2. Consumer spending remains resilient, but higher borrowing costs and energy prices complicate the outlook as policymakers weigh future moves.
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.
OPEC+ has decided to increase output by 188,000 barrels per day from September 2026, a move designed to stabilise markets and compensate for past overproduction. Nigeria remains under its DoC allocation and will not see changes to its targets as it seeks to raise crude output. The group will meet again on Sept. 6 to review conditions and consider further adjustments.
Top authorities have coordinated a yen intervention to stall a slide in the currency, a move that strengthens yen but leaves questions about long-term fiscal and monetary policy. The effort reflects growing geopolitical ties and a shared aim to curb disorderly moves that could threaten global markets.
Jetstar has introduced a size-based carry-on policy, charging for overhead locker space from February 2027. Each booking includes one small item; larger bags incur fees between AUD 25 and AUD 52 depending on route. The change aims to streamline boarding and reduce delays, with mixed reactions from travellers and analysts.
The Intercept and Freedom of the Press Foundation have sued in federal court to block Truth Social’s Truth API, arguing the paid feed gives traders preferential access to the president’s market-moving posts and that selling prioritized access to official announcements violates the First and Fifth Amendments. Trump Media says the product is standard industry practice; the company has already signed institutional customers and reported large quarterly losses.
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.
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 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.