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Kia Motors: Global vehicle sales in July reached 298,037 units, up 13.4% year-on-year.

2026-08-03

Kia Motors: Global vehicle sales in July reached 298,037 units, up 13.4% year-on-year.

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2026-08-03

The ECB said euro-area household consumption plunged in the initial weeks after the outbreak of the Iran war as consumer confidence collapsed, and warned a renewed escalation could again curb spending. In its economic bulletin the central bank said A

The ECB said euro-area household consumption plunged in the initial weeks after the outbreak of the Iran war as consumer confidence collapsed, and warned a renewed escalation could again curb spending. In its economic bulletin the central bank said April consumption fell to roughly 2.5% YoY — about half the pace seen since mid-2024 when nominal consumption averaged 3–4% — and that the April drop was roughly twice the decline implied by historical-trend forecasts and comparable to the hit after the Russia‑Ukraine outbreak in early 2022. The The slowdown was driven by higher-income households cutting discretionary spending; the ECB said this pattern points to households postponing purchases rather than being income-constrained.
2026-08-03

Iranian Foreign Ministry Spokesperson: The United States, in cooperation with some regional powers, has forcibly opened a southern shipping route through the Strait of Hormuz, which is not safe.

Iranian Foreign Ministry Spokesperson: The United States, in cooperation with some regional powers, has forcibly opened a southern shipping route through the Strait of Hormuz, which is not safe.
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