White House National Economic Council director HASSETT said some very large oil tankers are transiting the Strait of Hormuz.

Baosheng Group expects the Federal Reserve to keep policy rates unchanged in 2026 and the European Central Bank to deliver one further rate hike.

A government-appointed committee will submit on Tuesday a draft pension overhaul backed by Chancellor Merz’s coalition that would introduce market-based savings, tighten early-retirement rules and phase up the retirement age in line with rising life expectancy. The proposal calls for phased supplementary contributions equal to 2% of total wages to be managed via a public fund vehicle and invested in capital markets. It would also remove an early-retirement route that allowed workers with 45 years’ contributions to retire early. The reform is one of the most divisive issues in the 13-month-old coalition and may face implementation risks amid Conservative–Social Democrat disagreement.