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Deputy Prime Minister Novak said Russia's diesel exports could reach 3.0-3.5 mln tons by year-end.

2026-10-13

Deputy Prime Minister Novak said Russia's diesel exports could reach 3.0-3.5 mln tons by year-end.

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2026-10-13

Cleveland Fed Chair Hammack said policy must move to restrictive levels to drive disinflation back to the 2% target, warning the current stance risks a longer-than-acceptable path and therefore requires more tightening. She left open the possibility

Cleveland Fed Chair Hammack said policy must move to restrictive levels to drive disinflation back to the 2% target, warning the current stance risks a longer-than-acceptable path and therefore requires more tightening. She left open the possibility of further rate hikes but gave no timing, and said she favors small, more frequent adjustments to help firms and households plan. Hammack flagged rising input costs and increasing pass-through to consumers; if prices are no longer constrained by demand, inf could rise or remain elevated. The biggest risk is firms and households forming higher inf expectations, and she said there are early signs of that. On US yields, she cited stronger growth expectations, market repricing of Fed policy, fiscal pressures and heavy issuance; data-center investment is boosting growth but financial conditions still need further tightening. She reiterated that Fed independence remains crucial.
2026-10-12

Ethiopia has commissioned its first gold refinery, Prime Minister Abiy Ahmed said, launching a $50m joint venture intended to establish the country as a regional precious metals processing centre. Government data show gold exports are a key source of

Ethiopia has commissioned its first gold refinery, Prime Minister Abiy Ahmed said, launching a $50m joint venture intended to establish the country as a regional precious metals processing centre. Government data show gold exports are a key source of foreign exchange, generating $5.6bn last year. Abiy said the new refinery will process both domestically produced gold and material from other countries. "This will allow neighboring countries and regional mining companies to send gold to Ethiopia for advanced refining, certification, value-added processing and sale, without having to export gold outside the African continent," he said on social media.
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