Cheap parcel influx to EU halved following €3 levy
The volume of low-value parcels entering the EU has dropped by nearly 50% following the introduction of a €3 flat fee to curb Chinese e-commerce dominance.
Germany prepares new tariffs, investment controls, and export restrictions on China
The German government is drafting an economic security package targeting China, including potential tariffs and stricter investment controls.
Canadian Prime Minister Carney calls new US trade restrictions ‘modest,’ plans no retaliation
Canadian PM Mark Carney says new U.S. trade restrictions will have a ‘modest’ impact and confirms Canada does not plan to retaliate.
France lags behind neighbors: Government cuts 2026 economic growth forecast to 0.5%
The French government has cut its 2026 economic growth forecast to 0.5% amid weak domestic demand and rising inflation.
US inflation holds at 3.4% in August, matching market expectations
Consumer price trends
Consumer prices rose by 0.4% month-on-month, also meeting market forecasts.
Middle East conflict to push global coal consumption to record 8.94 billion tons
According to the International Energy Agency (IEA), the war in the Middle East is a primary driver of this increase.
Mexico and US race to reach trade deal before US elections
Mexico and the United States are accelerating trade talks ahead of the US midterm elections, seeking a temporary deal that could ease tariffs and address vehicle content rules while avoiding direct confrontation with Washington.
Russian oil production fell in August due to Ukrainian strikes, missing OPEC+ targets
Russian oil production dropped in August as Ukrainian strikes on refineries and export hubs forced output further below OPEC+ targets.
Saudi oil production hits lowest level since 1990, Brent nears $105
In August, Saudi Arabia saw a sharp decline in oil production, reaching its lowest level since 1990.
ECB hikes rates for second time as Iran war fuels inflation
The ECB raised its deposit rate to 2.5% amid rising energy costs and Middle‑East tensions, signaling further hikes may follow as inflation stays above target.