Russia’s economy ended four quarters of contraction with a bigger growth spurt than forecast, putting it on track to return to its pre-war level as soon as next year as it adapts to the impact of international sanctions.
Peru will be the next country to join Latin America’s cycle of interest rate cuts after policymakers changed their guidance and highlighted a significant slowdown in inflation, according to Wall Street bank economists.
UK train strikes are set to continue through the late summer after a major union announced a further two days of industrial action amid a dispute with train operating companies over working conditions, job security and pay.
Russian forces aimed four Kinzhal ballistic missiles at military airfields in western Ukraine in what a Ukrainian Air Force spokesman said was part of an effort to forestall training by Kyiv’s troops on Western weapons systems including F-16 fighter jets. One of the missiles was shot down over Kyiv; the others hit what were termed civilian areas in the Ivano-Frankivsk region. An eight-year-old boy was killed.
Brazil’s annual inflation accelerated for the first time in over a year, topping economist expectations, as the central bank signals plans to keep cutting interest rates by 50 basis points.
Germany’s buyout of its biggest power grid operator from the Dutch state is likely to be postponed until next year following the collapse last month of the Netherlands government and with little prospect of a new administration anytime soon.
Nigeria’s central bank disclosed large dollar deals with JP Morgan and Goldman Sachs in documents that also confirmed it broke limits on lending to the government.
West Africa’s economic bloc moved closer to intervening to overturn a coup in Niger, as global outrage grew over the treatment of deposed President Mohamed Bazoum.
A panel of South Africa lawmakers recommended that the nation’s controversial graft ombudsman be dismissed, an eventuality that would mean she’d lose out on any benefits on the completion of her seven-year term.
Nicaragua sells meat from illegal ranches, documentary claims
