Canada created a record 75,100 jobs in July, unemployment fell to a two-year low
The unemployment rate fell to 6.4% in July from 6.5% the previous month, Statistics Canada reported on Friday.
Japan spent $40 billion in foreign reserves to support the yen in one day
The Japanese authorities have disclosed details of a record one-day intervention to support the yen conducted in April.
Unemployment in France rose to 8.3% — the highest level in nearly six years
Excluding this exceptional period, unemployment is now at its highest since the third quarter of 2019.
Iran announced an agreement with Oman on the movement of ships through the Strait of Hormuz
This could be a step towards resuming the operation of this critically important waterway for energy transportation.
Solar energy became the main source of electricity in Portugal for the first time
Renewable sources last month provided 53% of the country’s electricity consumption.
Trump administration refunded $100 billion in tariffs canceled by Supreme Court
This amount, reported on Tuesday in a statement to the U.S.
Eight oil giants earned over $700,000 per minute during the quarter amid the war with Iran
This is stated in a report prepared by the British newspaper «Guardian» based on an analysis of the companies’ quarterly performance.
Russian Oil Exports Fall to Six-Week Low, but Revenues Rise
Russia shipped less crude oil abroad after its refineries benefited from a temporary shift in Ukraine’s drone strike focus.
US Treasury Secretary Bessent: Weak yen fuels inflation in Japan and threatens Asian currencies
Treasury Secretary Scott Bessent stated that the weak yen contributes to inflation in Japan and increases the risk of broader weakening of Asian.
France and Great Britain to Assist Zimbabwe in Restructuring $21.3 Billion Debt
This was reported by the country’s Ministry of Finance.