US Labor Market: Employers cut 23,000 jobs in July, while unemployment fell to 4.1% as more people left the job market—raising fresh questions about how weak hiring is feeding into the broader economy. Fed Watch: Traders quickly repriced the odds of a September rate hike after the jobs shock, with expectations shifting toward a steadier policy path. Trade & Tariffs: The US Senate passed a bill that could allow up to 100% tariffs on countries buying Russian oil and gas, with analysts warning it could lift import costs and reshape trade flows. Immigration & Growth: Industry groups told the Trump administration that the immigration crackdown is worsening worker shortages and undercutting economic plans. Japan Fiscal Debate: Japan’s ruling party floated using Bank of Japan ETF sales to help fund a sales-tax cut, putting central-bank assets back into political focus. Nigeria Housing & Prices: Nigeria’s diaspora mortgage loan was launched, while Atiku cited CBN survey data showing households are pulling back on buying homes, cars and other assets. Iran & Energy Risk: Iran signaled it wants sanctions relief and asset unfreezing before reopening the Strait of Hormuz, as officials warn the blockade is pushing the economy toward collapse. Crypto Rules: Brazil ordered crypto exchanges to delay some foreign transfers and self-custody moves for up to 24 hours under new anti-fraud rules. Infrastructure & Security: Nigeria’s power grid faced a deadly vandalism incident on a 330kV line in Delta, highlighting the economic cost of disrupted electricity supply.