EU receives €1.4B ($1.6B) in windfall profits from frozen Russian assets. European Commission says funds will support Ukraine via financial and military aid.

Germany's inflation rate jumped to 2.8% in July from 2.3% in June, driven by energy prices, Destatis said Wednesday. Economists warn record-low Rhine water levels could push prices higher.

Germany's inflation rate accelerated to 2.8% in July, up from 2.3% in June and 2.6% in May, according to official data released Wednesday. Destatis president Ruth Brand said energy prices remained the key driver, while economists warned that record-low water levels on the Rhine could add further price pressures.

Indonesia targets permanent magnet output using rare earths by 2028, seeking an integrated domestic supply chain from mineral processing to EVs, Danantara's CTO said in Jakarta.

Indonesia plans to produce permanent magnets using rare earth elements by 2028 as part of efforts to build an integrated domestic supply chain from mineral processing to electric vehicles, Danantara Chief Technology Officer Sigit Puji Santosa said Wednesday in Jakarta.

Bangladesh's inflation eased to 8.32% in July from 9.16% in June, the Bangladesh Bureau of Statistics said Wednesday. Food inflation dropped sharply to 7.16%, while non-food inflation fell to 9.28% from 9.61%.

Bangladesh's inflation eased to 8.32 percent in July from 9.16 percent in June, according to the Bangladesh Bureau of Statistics. Food inflation fell sharply to 7.16 percent, while non-food inflation edged down to 9.28 percent.

Erdogan says the Mecca Joint Defense Agreement could expand beyond Türkiye, Saudi Arabia and Pakistan to 'all brotherly countries' seeking regional stability

Turkish President Recep Tayyip Erdogan said the Mecca Joint Defense Agreement could expand beyond its three current members—Türkiye, Saudi Arabia and Pakistan—and is open to "all brotherly countries" seeking peace, prosperity and stability in the region. He said the pact is built on collective deterrence to strengthen regional security.