Paraguay’s Santiago Pena under arrest, new president Pedro Alliana sworn in
The sudden leadership change comes as Paraguay reels from the collapse of the Ueno Bank, a popular lender.
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US inflation rises before midterm elections, fuelling rate hike fears
Economists divided on Fed rate hike as inflation creates uncertainty before US midterm elections in a tense market.
US fines Bank of America $1.2bn for money laundering, sanctions violations
The second-largest US bank faces record penalties for failing to comply with money laundering and sanctions laws.
Trump launches probe into Federal Reserve Governor Lisa Cook
Trump began efforts to remove Cook as one of the governors on the US Fed Reserve Board in 2025 and litigation is on.
How the Banco Master scandal injected chaos into Brazil’s presidential race
Figures across Brazil’s political spectrum have been linked to the scandal in the midst of a key election.
Turkiye revokes operating licence of Iran’s Bank Mellat in Istanbul
The Iranian lender has faced years of Western sanctions over alleged ties to Tehran’s nuclear programme.
Bank of Japan raises rates to 31-year high of 1.25% as inflation rises
Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.
![A man walks in front of an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo [File: Kazuhiro Nogi/AFP]](/wp-content/uploads/2026/06/AFP__20260615__B7387PA__v1__MidRes__JapanEconomyStocks-1781492156.jpg?resize=770%2C513&quality=80)
EXPLAINER
What are all the sanctions Iran is under?
Iran has faced a torrent of international sanctions since the 1979 revolution – here’s what’s in place right now.
EXPLAINER
India to impose controversial fee for UPI instant payments: Who benefits?
It’s the end of an era for India’s popular instant digital payments system, which has been free of charge until now.
EXPLAINER
What is BRICS Pay, and can it rival the West’s SWIFT payments system?
BRICS Pay is a decentralised digital system for making international payments in currencies other than the dollar.
Rising petrol costs drive sharp inflation increase in US in August
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
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