Economy · Important news for 2 September 2026
China Revamps Home-Sales System That Worsened Its Meltdown
Beijing is revamping its pre-sale housing system to address structural flaws that contributed to the country's property sector meltdown.
- Beijing is overhauling the home-sales system previously reliant on pre-construction cash.
- The prior system exacerbated the property market meltdown.
South Korea Plans Record Budget Expansion Powered by Chip Tax Windfall
US Treasury Chief Bessent Says China Blocked G20 Communique Over Trade Dispute
Solar surpasses coal in China, becoming top power source
Tim Cook steps down as Apple CEO after 15 years
Japan's 2-year yield hits 31-year high and its impact on the yen carry trade
France Borrowing Costs Hit Near 2008 Highs Amid Sovereign Debt Concerns
Australia’s Economic Growth Accelerates, Fueling Rate-Hike Expectations
South Korea Inflation Exceeds 3% on Phone Bill Impact, Boosting Tightening Case
China blocks consensus on G20 communiqué over trade language
Japan Ministries Seek Record Budget as Yields Hit 30-Year High
Brazil Unveils 2027 Budget With Surplus Target That Markets Doubt
US and Iran Trade Fire in New Flare-Up Near Strait of Hormuz
Bessent Suggests Backing for BOJ Action in Meeting With Ueda
Finland Narrows Deficit in 2027 Budget as Economy Recovers
Israel Cuts Interest Rates for Third Consecutive Meeting
Brazil Economy Loses Steam as High Rates Bite Before Vote
Colombia's new president pledges to revive oil and gas sector
RBI’s Short Dollar Book Surges to Record on Diaspora Deposits
Chinese manufacturing activity declines for second consecutive month
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