Sovereign Credit & Growth: Fitch affirmed India’s ‘BBB-’ rating with a stable outlook, citing resilient domestic growth even as West Asia energy shocks add headwinds. Energy Security & Markets: Trump’s shift toward economic pressure on Iran—plus uncertainty around Strait of Hormuz shipping—pushed up oil and lifted euro zone bond yields, while gold climbed as investors waited on US inflation data. Geopolitics Meets Supply Chains: Kazakhstan is weighing deeper economic ties with Russia, including warehouse expansion for Wildberries and talks to refine Russian crude—an economic balancing act amid the Ukraine war. China Demand Wobble: China’s Q2 growth slowed to the weakest pace in years as household consumption weakened, raising fears of uneven, harder-to-sustain growth. Africa Food & Jobs Push: Nigeria’s Tinubu unveiled a plan to double the livestock sector’s $32bn contribution to $64bn, aiming to modernize production and processing. Central Banking Leadership: Indonesia nominated Destry Damayanti to lead Bank Indonesia after Perry Warjiyo’s resignation, a major policy continuity signal. Digital Payments Policy: India’s UPI debate heats up as officials say consumer transfers stay free, while critics warn merchant charges could still filter into prices. Regional Business Climate: Cyprus’ economy is forecast to grow but inflation is expected to jump, leaving households feeling the squeeze.