Overseas Headlines – September 30, 2025

September 30, 2025

United States:

Trump Threatens Mass Firings as Federal Shutdown Deadline Nears

 

President Donald Trump threatened to fire scores of federal workers as the US hurtles toward a shutdown with Democrats and Republicans at an impasse to fund the federal government.

 

“We may do a lot and that’s only because of the Democrats,” Trump said in response to a question about the number of government employees who could be dismissed during a shutdown. The White House last week directed agencies to draw up plans for mass firings if the government closed down.

 

https://www.bloomberg.com/news/articles/2025-09-30/us-government-shutdown-looms-with-trump-democrats-at-odds?srnd=phx-latinamerica

 

Europe:

German Inflation Exceeds Expectations, Backing Rate Caution 

 

German inflation quickened more than anticipated, part of a region-wide acceleration that will reinforce the European Central Bank’s resolve to keep interest rates on hold.

 

Consumer prices rose 2.4.% in September — up from 2.1% in August on gains in services costs and a smaller drop in energy than seen a year ago, the statistics agency said Tuesday.

 

https://www.bloomberg.com/news/articles/2025-09-30/german-inflation-exceeds-expectations-backing-ecb-rate-caution?srnd=phx-economics-v2

 

 

Asia:

BOJ to Cut Purchases of Troubled Super-Long Bonds Next Quarter

 

The Bank of Japan will scale back purchases of super-long bonds in a move that risks deepening losses in the nation’s longest-dated debt.

 

The central bank will buy ¥345 billion ($2.3 billion) of notes due in 10 to 25 years every month next quarter, down from ¥405 billion in the July-September period, according to a statement on Tuesday.

 

https://www.bloomberg.com/news/articles/2025-09-30/boj-to-cut-purchases-of-troubled-super-long-bonds-next-quarter?srnd=phx-economics-v2

 

 

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