The quarter-point increase is Canada’s first rate rise since July 2023, with the central bank seeking to stop higher fuel costs spreading through the economy.
The government says the already-developed field can begin supplying gas this winter, while critics argue the decision conflicts with climate goals and will not lower bills.
The four-lane crossing between Dandong and Sinuiju is expected to expand freight capacity, though sanctions and weak trade conditions may constrain immediate growth.
A quarter-point move set the benchmark at 1.25%, with policymakers watching the yen and expensive energy even as the latest core inflation reading eased.
The government says compensation, faster subsidy payments and targeted tax relief will help farms absorb crop losses and restart production after drought and heatwaves.
The American Automobile Association says average US diesel prices have reached a record $5.85 a gallon, intensifying pressure on farmers, hauliers and food supply chains already strained by the Iran war.
Shares advanced after recent declines even as investors watched the U.S.-Iran conflict, while the Japanese yen strengthened sharply against the dollar.
The Dutch central bank says it shifted 86 tonnes of gold from the United States and Canada to London, arguing the move improves crisis deployability and resilience.
Labor inspectors will stop pressing eligible businesses to remain below 45 monthly overtime hours, while the legal ceiling and health safeguards remain in place.
The IMF says a new 36-month loan program for Senegal will back economic reform through 2029, but the board still must approve the agreement after the earlier program was suspended over hidden debt.
The acquisition would add an antibody-degradation platform and an early clinical program for Graves’ disease to Lilly’s expanding immunology portfolio.
Tokyo’s finance ministry said it intervened heavily between late July and late August to slow the yen’s decline, in what AFP described as the largest monthly intervention on record.
Federal Reserve Chair Kevin Warsh said inflation had not improved enough to reassure the central bank, while market reaction suggested investors took the Jackson Hole remarks as a sign that tighter policy could still be coming.
The South Korean company secured a 1 September transit for the LPG carrier G. Spirit before the canal reduces daily crossings in response to El Niño-related drought.
The maker of Lucky Charms and Trix says its domestic cereal lineup now relies on colors derived from fruits, vegetables and spices, while other products are due to change by the end of 2027.
Reports dated 25 August 2026 documented hyundai and workers reach tentative agreement after month of strikes, marking a significant business development.