Latest news

 

JONATHAN CROSBY/REUTERS  

The Fed vs Inflation  

Excited for meeting in Wyoming: "Significant impact"  

 

The annual central bank conference in Jackson Hole gets underway this week and the market is turning its eyes to Fed chief Jerome Powell's speech, which will be held on Friday afternoon Swedish time. He is said to have a balanced tone and thereby signal that interest rate increases are over, writes Bloomberg.  

The speech is expected to contribute to greater clarity about the autumn and where interest rates are headed, writes DI. 

 

- It can have a significant impact on the mood in the market, says Chris Watling at Longview Economics.  

 

Hungarian Prime Minister Viktor Orbán, right, gestures to Turkish President Erdogan during the athletics competition. Denes Erdos / AP 

 

The NATO process|Sweden's application  

No NATO message when Orbán met Erdogan in Budapest  

 

Turkish President Recep Tayyip Erdogan met today with Hungarian Prime Minister Viktor Orbán in Budapest, writes AFP.  

 

On the agenda: The countries' strategy before the approval of Sweden as a member of the NATO defense alliance and so little athletics World Cup.  

 

Neither Hungary nor Turkey has yet voted for Sweden in their respective parliaments. And judging by the communication after the meeting, there are no plans to do so soon either. 

 

- We can return to the issue when the autumn semester begins, says Hungarian Foreign Minister Peter Szijjarto on Facebook, according to AFP.  

 

After the meeting, the leaders were seen sitting on the podium in Budapest, where the world championships in athletics are underway.

 

 

Islanders follow the fire development on Tenerife. Arturo Rodriguez/AP  

 

The forest fire in Tenerife  

Spanish police: The forest fire in Tenerife is arson  

 

The Spanish Civil Guard in the Canary Islands believes it has evidence that the forest fire on the island was caused intentionally, the island group's president Fernando Clavijo said at a press conference, according to El Mundo.  

 

The police say they have no suspects, but are investigating various leads.  

 

Clavijo further said at the press conference that the police must be given time to work to find and arrest the alleged perpetrators. 

 

- We suspected right from the start that it was a case of arson and it was confirmed yesterday Saturday, says Clavijo.  

 

So far, over 13,000 islanders have been evacuated from their homes as a result of the forest fires.