Economy
Euro zone inflation continued to fall in August, with consumer prices rising just 0.3% Y/Y, well below the ECB’s target of just below 2%. The new figures released by Eurostat boost expectations that the central bank will announce further stimulus measures, and will likely result in lively discussion at the ECB’s Sept. 4 policy meeting next week.
The U.S. and EU are considering another round of sanctions on Russia, following heavy firefights in new regions along Ukraine’s eastern border, and a NATO warning that stated Russia had moved “well over 1,000 troops” into the country. Despite the severe escalation, President Obama ruled out military intervention in the region, but outlined the necessity to consider additional economic sanctions.
Pakistan’s army chief has stepped into the political struggle between the country’s embattled Prime Minister Nawaz Sharif and the opposition which demands his resignation. The coup-prone nation has been gripped by