ESMA says investor optimism masks EU market vulnerabilities
The regulator warns that elevated technology valuations and geopolitical strain could leave markets exposed to a sudden correction.
European Securities and Markets Authority
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WELLFICENT / NEWSROOM
514 storiesWorld economy and business news — Page 4
Developments in the world economy, international trade, finance and energy. Source-linked reporting appears in this section.
Commission report examines spending quality and fiscal governance across the EU
The 2026 EMU public-finances report reviews fiscal surveillance and examines expenditure, revenue, pensions, investment management and climate risks.
European Commission, Directorate-General for Economic and Financial Affairs
EU supervisors flag external dependencies, cyber and private-credit risks
The ESAs cite non-EU infrastructure reliance, AI-linked cyber threats and private-credit opacity as vulnerabilities.
European Banking Authority
EU opens consultation on VAT rules for circular business models
The Commission is seeking views on second-hand goods, destruction of viable goods and VAT deductions for business passenger cars.
European Commission, Directorate-General for Taxation and Customs Union
Euro area services output falls 0.3% in June
Eurostat says services production eased month on month in June, while remaining above its year-earlier level.
Eurostat
Fed finalises changes to bank stress-test transparency
Two final rules change disclosure and reduce volatility in stress-test capital requirements; the Board also seeks comment on fee-income modelling.
Federal Reserve Board
Fed seeks comment on rules for supervised payment-stablecoin issuers
Proposals cover reserve backing, capital, risk management, custody and the application process under the GENIUS Act.
Federal Reserve Board
G20 finance leaders put tax policy, sovereign debt and global imbalances on agenda
The chair’s statement asks the OECD to study how tax systems affect business dynamism and the IMF to deepen scenario analysis.
U.S. Department of the Treasury, G20 Presidency
HKMA sets Hong Kong base rate at 4.25%
The authority set the Base Rate 25 basis points higher with immediate effect, following the US Federal Reserve’s adjustment and under Hong Kong’s preset formula.
Hong Kong Monetary Authority via Government of the Hong Kong SAR
HMRC ends interim VAT gap estimates, keeps annual measure
The next VAT gap estimate is expected in the 2027 Measuring Tax Gaps publication.
HM Revenue & Customs
India’s central government spends ₹20.78 trillion through August
The August accounts show receipts at 37.5% of the annual budget estimate and expenditure at 38.9%.
Ministry of Finance, Government of India / Press Information Bureau
Indonesia’s banks report 23.70% capital adequacy ratio for June
Bank Indonesia’s mid-2026 financial stability review reported strong banking capital and low non-performing loans, while projecting 8–12% credit growth for 2026.
Bank Indonesia
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