European Central Bank President Mario Draghi has committed to stalling interest rate hikes amid fears of a global economic slowdown. The European Central Bank will delay its first interest rate hike since the 2008 financial crisis “at least through the first half of 2020”, said its president, Mario Draghi. Source: The Week
The US State Department on Tuesday called on Turkish authorities to cease immediately any “unlawful activities” in Cyprus’ territorial sea and remove its drillship, Yavuz. Source Ekathimerini
Taiwan’s export orders may have fallen 5.9% year on year in July, according to a survey, widening from June’s 4.5% decline. Source: Reuters
The Bundesbank has warned that a slump in the German economy could have continued over the summer. It cited the US-China trade war as one factor weighing on German exports. Source Deutsche Welle
