Peru Economy Shrinks Again, Pointing to Negative Growth in 2023
Peru’s economy shrank in August for a fourth month in a row, extending its recession as analysts begin to grapple with the possibility the economy may contract in full-year 2023.
Bloomberg Top News
Blinken to Visit Israel Again as Lebanon Border Clashes Heat Up
US Secretary of State Antony Blinken will make an unscheduled return to Israel on Monday following talks with Arab officials, as increasing attacks from Iran-backed Hezbollah open up a second front on Israel’s northern border.
Global Markets Brace for More Volatility Amid Israel Conflict
Traders are preparing for another week of wild price swings as continuing conflict in the Middle East fuels demand for haven assets and prompts investors to reconsider their views on global interest rates.
US Warned Iran in Back-Channel Talks on War, Sullivan Says
The US has held back-channel talks with Iran in recent days to warn the country against escalating the conflict in Israel, as Israeli forces prepare an expected ground assault in response to last weekend’s surprise attack by Hamas.
Israel Latest: US Says It’s Warned Iran in Back-Channel Talks
US Secretary of State Antony Blinken will return to Israel on Monday following a whirlwind round of talks across the region aimed at heading off a widening of the Israel-Hamas conflict. Blinken met in Riyadh on Sunday with Saudi Crown Prince Mohammed bin Salman. The US also said it has held talks with Iran, with which it has no formal diplomatic relations, through back-channels – warning Tehran against escalating the conflict.
Adani’s New Mega Port to Lure World’s Biggest Ships to India
When Zhen Hua 15 — a heavy load cargo carrier sailing from the East China sea — unloaded at Vizhinjam port on Sunday, it did more than just setting down the site’s first gigantic cranes. It also put India on the map for the world’s biggest container ships.
War Adds Risks to Indebted, Expensive and Fractured World
A world economy struggling with record debt, expensive credit and increasingly dysfunctional or inadequate institutions now faces new dangers from war in the Middle East.
Ukraine Recap: Kyiv Targets Power Station; Putin on Offense
Ukraine’s special forces targeted the Krasnaya Yaruga electrical power station in Russia’s Belgorod region with drones, Interfax reported, citing the SBU. The substation is used to power Russian military facilities. There’s been no comment from Russian authorities.
Blinken to Make Second Stop in Israel as War Intensifies
US Secretary of State Antony Blinken will make a second stop in Israel on Monday for further consultations with senior Israeli officials as the Biden administration tries to limit the threat of a spreading conflict in the Middle East.
China’s Navy Must Stop Dangerous Moves at Sea, Philippines Says
The Philippines asked China to stop “dangerous maneuvers and aggressive actions” in the South China Sea, warning of potential collision in the disputed waters.