Flávio Bolsonaro launches Brazil presidential bid on father's legacy
Senator uses AI video of imprisoned father and appearance by Argentina's Javier Milei at São Paulo convention, as he gears up to face Lula in October poll.
Read Story
Iran's Araghchi warns Ukraine over Caspian strike that killed sailor
Iranian Foreign Minister Abbas Araghchi warned that a Ukrainian strike killing a sailor aboard an Iranian vessel in the Caspian Sea would not go unanswered, after Kyiv claimed a wave of drone attacks on Russian energy and military targets.
Read Story
Russia's central bank cuts rate to 14% in surprise move, lifts inflation forecast to 6%-7%
Russia's central bank cut its key rate by 25bp to 14% on July 24, defying a market consensus for no change, while raising its 2026 inflation forecast to 6%-7% and cutting its GDP growth forecast to 0%-1%.
Read Story
Iran War flare-up knocks out Turkey’s expected cut in active policy rate
Rising oil prices will force central bank to hold effective borrowing rates higher for longer.
Read Story
RAGOZIN: Zelenskiy’s failed revolt exposes the limits of his power
Nothing screams political impotence like a national leader losing control over key military appointments at the time of war.
Read Story
Iran war closes Hormuz, Bab al-Mandeb simultaneously for first time ever
For the first time since records began, both of the Middle East's great oil chokepoints are shut at once for the first time ever. The Strait of Hormuz has been effectively closed since February 28, and now Bab al-Mandeb Strait is also shut.
Read Story
Rheinmetall to more than double gunpowder output at Bavaria plant
German arms maker Rheinmetall plans to more than double gunpowder production at its Aschau am Inn plant near Munich, ramping up annual capacity from 1,700 tonnes to 4,200 tonnes and over 1mn propellant charges a year by 2028.
Read Story
Mexico's World Cup gains fall well short of official forecasts
Mexico staged 13 World Cup matches and generated billions in activity, but Moody's says the tournament will add just 0.13% to GDP this year, far below official hopes.
Read Story