The global economy and politics witnessed several significant developments over the weekend. In Japan, Prime Minister Shigeru Ishiba is set to step down, leading to increased volatility in the country’s markets. OPEC+ has agreed to boost oil output in October to regain market share, while Iraq is in talks with Exxon for oil storage in key markets. China has reopened its bond market to Russian energy firms, according to the Financial Times. Meanwhile, China’s forex reserves rose in August, and Italy has ruled out asking citizens for sacrifices in its budget.

In the United States, the Trump family has added $1.3 billion of crypto wealth in a matter of weeks, while bullish Treasuries traders await job revisions and inflation data. Federal Reserve Chair finalist Joshua Hawley has backed criticism of “mission creep,” while President Trump has issued a “last warning” to Hamas to accept his terms. In the Middle East, Russia has launched its largest drone attack yet on a Ukrainian government building, while Putin is betting that Ukraine’s army will break before his economy does.

In the corporate world, companies have kicked off September with a deluge of bond sales, while Mercedes has electrified its top-selling SUV to bolster its luxury push. The company has also maintained its “value over volume” approach in China’s tough market. CATL, a leading EV battery maker, has unveiled new batteries to accelerate European expansion. Amazon has implemented new curbs on sharing free shipping, which are set to hit millions of customers. Finally, ASML has become the top shareholder of Mistral Ai after its latest funding round.

These developments highlight the complex and ever-changing nature of the global economy and politics. Stay tuned for more updates as they unfold!