A turbulent day across Europe brought fresh inflation data from the euro area, another leadership crisis at Nestlé, a sharp warning from UK bond markets, and a broad sell-off across the continent’s equities. Here is a look at the biggest news events that made headlines across the continent.Euro-area inflation edges…

US markets faced a wave of significant developments on Tuesday, spanning manufacturing data, corporate restructuring, and trade policy.Here are the important US headlines of the day: Manufacturing activity contracts again in AugustUS manufacturing activity contracted for the sixth consecutive month in August, underscoring ongoing challenges for factories facing import tariffs…

Leading agricultural consultancy SovEcon has revised upwards its projection for Russian wheat exports during the 2025-26 marketing season. The firm now anticipates Russia to ship a robust 43.7 million metric tons (mmt) of wheat, an increase of 0.4 mmt from its previous forecast. This upward revision underscores Russia’s growing dominance in…

The European Central Bank (ECB) is keeping its deposit rate at 2% for now, with policymakers signalling that the next step could be either a cut or a hike depending on upcoming data. With euro-area inflation stabilising close to the 2% target and confidence in the economy improving, the ECB…

The Indian rupee edged higher on Wednesday, bucking the cautious mood in Asian markets, with traders pointing to fading bearish sentiment in the options space. The local unit was quoted at 88.00 to the US dollar, up 0.18% on the day, despite a rally in the dollar index to 98.50…

Turkey’s inflation slowed slightly in August, but the figure came in higher than analysts expected, underscoring the challenge facing policymakers as they continue to balance monetary easing with political pressures. Official data showed consumer prices rising 33% year-on-year, easing from 33.5% in July, while monthly inflation stood at 2.04%. The…

The United States has revoked Taiwan Semiconductor Manufacturing Co.’s authorization to freely ship essential equipment to its main Chinese facility, tightening restrictions on Beijing’s access to advanced chip-making gear.TSMC said Washington informed it of the decision to remove the “validated end user” (VEU) status for its Nanjing plant effective December…

Deputy Prime Minister Angela Rayner has admitted she underpaid stamp duty on the £800,000 seaside apartment she owns in Hove. Rayner confirmed on Wednesday that she had applied the incorrect tax rate at the time of purchase, describing the error as unintentional.Referral to the prime minister’s ethics adviserIn a statement,…

Oil prices plunged 2% on Wednesday after reports claimed that OPEC+ may consider further oil output hikes in the coming months. The Organization of the Petroleum Exporting Countries and allies will consider further raising oil production at a meeting on Sunday, according to a Reuters report. Should there be an additional increase,…