Global urea fertilizer prices double to $900 per ton since January as disruptions in the Strait of Hormuz impact the international food supply chain.

Brown-Forman shares plunged after the Jack Daniel's maker said it ceased short-lived merger talks with France's Pernod Ricard.

Brown-Forman’s stock plummeted after the Jack Daniel’s whiskey maker announced it ceased short-lived discussions with French counterpart Pernod Ricard about a potential combination.

Germany approves 2027 budget, raising core defense spending to €105.8 billion and allocating €11.6 billion for Ukraine support. Total federal spending for the year is set at €543.3 billion.

The German government has approved its 2027 budget framework, which includes €11.6 billion in aid for Ukraine and an increase in core defense spending to €105.8 billion.

BoC's Macklem warns of possible consecutive rate hikes if energy prices fuel broad inflation. He says if higher energy costs lead to generalized inflation, the policy rate may need to rise consecutively.

Bank of Canada Governor Macklem stated that if higher energy prices start leading to ongoing generalized inflation, the central bank may need to implement consecutive increases in the policy rate.

The Bank of Canada holds its policy interest rate at 2.25%, matching market expectations.

The Bank of Canada has maintained its policy interest rate at 2.25%, a decision that aligns with market expectations.