Economics

• ECB’s Kazimir Says Rates Must Be Lifted More to Tackle Inflation
  Inflation spreading through the economy will force the European Central Bank to raise interest rates further, according to Governing Council member Peter Kazimir.
• Morocco Weighs China Free-Trade Agreement, Minister Says
  China asked Morocco to sign a free trade agreement, the North African nation’s industry minister said, as Rabat weighs whether closer economic ties with Beijing would benefit its export-oriented manufacturing sector.
• Iran Likely Added Russian-Made Missiles as It Rebuilt Arsenal
  Western allies believe Iran has most likely added new-build Russian weapons to its inventory and reconstituted large swathes of its missile arsenal during the eight-week ceasefire, giving the Islamic Republic the firepower to strike back at nearly full strength if hostilities resume.
• South Africa’s Ramaphosa Seeks to Halt Impeachment Proceedings
  South African President Cyril Ramaphosa asked the High Court to halt a parliamentary inquiry into whether he should be impeached over his handling of a robbery at his wildlife ranch.
• Brazil’s Development Bank Will Make New Loans to Companies Restoring Native Forests
• Romanian Premier Nominee’s Prospects Dim After Second Party Snub
  Romanian prime minister nominee Eugen Tomac failed to secure the endorsement of a second pro-European party, clouding his election prospects in the country’s fractious parliament.
• US Vows Interim Iran Deal Will Reopen Hormuz, End Nuclear Threat
  The US said an interim peace deal that reopens the Strait of Hormuz and ends Iran’s nuclear weapons ambitions looks increasingly likely and could be signed within days, though conflicting messages between Washington and Tehran continued to cast doubt on that timeline.
• What to Know as the Swiss Prepare to Vote on a 10 Million Population Cap
  The growing prominence of far-right political parties in Europe is pressuring governments to introduce stricter controls on immigration. Switzerland is set to vote on a proposal that would take things to the next level: a 10 million cap on its population.
• A Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to Expect
  A cyclical weather phenomenon that can drive flooding in one continent and drought in another has returned.
• Middle East Fuel Exports Rebound as Tankers Slip Through Hormuz
  Exports of refined fuels from the Persian Gulf have rebounded this month as more tankers managed to slip through the Strait or Hormuz, providing welcome relief to markets starved of supply.