
China opens new Arctic trade route – but obstacles will prevent its wider use
Aug 22, 2026 15:22 pm UTC| Insights & Views Economy
Sea Legend, a Chinese shipping line, recently announced it was launching a regular container service between China and Europe via the Arctic. The announcement follows a trial crossing in 2025 that saw a container ship...

Peru Economy Grows 2.6% in Q2 as Private Investment Surges
Aug 21, 2026 21:00 pm UTC| Economy
Perus economy expanded 2.6% year over year in the second quarter of 2026, slightly exceeding market expectations as strong domestic demand and private investment helped offset weakness in manufacturing and fishing. The...

US Dollar Heads for Worst Week Since July as Fiscal Concerns Mount
Aug 21, 2026 20:29 pm UTC| Economy
The U.S. dollar was on course Friday for its steepest weekly decline since late July as mounting fiscal concerns and unusual Treasury market intervention weighed on investor confidence. The U.S. Dollar Index, which...

Gold Prices Hit Three-Month High as Dollar Weakens
Aug 21, 2026 20:28 pm UTC| Economy
Gold prices surged to a three-month high on Friday and headed for strong weekly gains as a weaker U.S. dollar and mounting concerns over Treasury yields and government debt boosted demand for the precious metal. Spot gold...

Wall Street Ends Higher as Crypto Stocks and Materials Rally
Aug 21, 2026 20:24 pm UTC| Economy
Wall Street closed higher on Friday as gains in materials and cryptocurrency-related stocks helped offset renewed pressure from rising U.S. Treasury yields and elevated oil prices. The SP 500 gained 0.4% to finish at...

US Debt Tops $40 Trillion as Global Borrowing Costs Surge
Aug 21, 2026 06:52 am UTC| Economy
U.S. government debt has surpassed $40 trillion for the first time, highlighting growing fiscal pressures as major economies face rising spending demands from ageing populations, defence, climate change and higher interest...

UK Budget Swings to Surprise £1.8 Billion Deficit in July
Aug 21, 2026 06:50 am UTC| Economy
Britain recorded an unexpected 1.8 billion ($2.5 billion) budget deficit in July, as inflation-driven government spending outweighed record self-assessed income tax receipts, highlighting continued pressure on the UKs...