Economy · Important news for 11 August 2026
Reserve Bank of Australia Holds Cash Rate at 4.35% and Warns of Potential Hikes
Australia's Fair Work Commission Sets Landmark Minimum Wage for Delivery Drivers
US Strategic Petroleum Reserve Hits Lowest Level Since 1983
US Workforce Shrinks by Over 1 Million People in Past Year
Singapore Sharply Raises 2026 GDP Growth Forecast on AI Boost
Yen Erases Gains Following Joint US-Japan Currency Intervention
US Strategic Petroleum Reserve Falls to Lowest Level Since 1983
Low Water Levels on Rhine River Halt Some Shipping in Germany
Scorching Summer Heat Erasing Economic Growth in Europe
Rising Memory Chip Prices Drive 'Chipflation' Due to AI Demand
Chinese Courts Side with Workers Displaced by AI Amid Job Anxiety
Rwandan Tungsten Mine Enters US Defense Supply Chain
Kurdistan Regional Government Reports 70 Percent Trade Cut Due to Regional Conflict
Brazil's Central Bank Plans Pix Expansion Amid US Trade Scrutiny
Analysis Estimates Trump's Deportation Push Costs Average Taxpayer $2,400
A new analysis indicates that the average American taxpayer pays approximately $2,400 to fund the Trump administration's deportation efforts, though the DHS disputes this, claiming the program saves money.
That's all the important news for now
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