decline

Published on
18/09/2026 – 7:54 GMT+2

Japan’s benchmark Nikkei 225 gained 1.9% to 65,332.57 after the Bank of Japan raised the benchmark interest rate to 1.25% from 1.0%, a 31-year high.

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The move had been widely priced in, coming after the Federal Reserve also raised its key rate this week. Pressures have been coming from the US for Japan to raise rates because of concerns about the weakening yen.

The nations intervened together recently to prop up the yen. But the efforts haven’t had a big impact.

In currency trading, the US dollar rose to 157.11 Japanese yen from 155.95 yen. The euro cost $1.1487, up from $1.1480.

South Korea’s Kospi jumped 2.3% to 6,866.83. Australia’s S&P/ASX 200 was little changed, slipping less than 0.1% to 8,731.50. Hong Kong’s Hang Seng edged up nearly 0.7% to 24,769.80, while the Shanghai Composite added 1.0% to 3,916.08.

Falling oil prices and easing pressure from the bond market helped Wall Street reverse many of its losses from the prior day.

The S&P 500 jumped 1.1% for just its second rise in the last nine days. The Dow Jones Industrial Average added 316 points, or 0.6%, and the Nasdaq composite climbed 1.7%.

Wall Street stocks got a boost after the price of a barrel ofBrent crude oil slid from the nearly $110 it reached earlier in the week on worries that the war with Iran will keep oil bottled up in the Middle East instead of going to customers worldwide.

In Asian trading, Brent, the international standard, lost 0.94% to $103.83 a barrel. Benchmark US crude slid 0.83% to $101.06 a barrel.

Brent is still more expensive than the $72 per barrel that it cost earlier this summer, but the recent drop helped pull yields lower in the bond market and removed some pressure on stocks. The yield on the 10-year Treasury fell to 4.93% from 5.01% late Wednesday.

The Federal Reserve on Wednesday raised the short-term interest rate that it controls, the federal funds rate, by a quarter of a percentage point for its first hike in more than three years. Officials also hinted that they may raise the federal funds rate one more time this year as they try to get high inflation in the US under control.

The signals sent Wall Street on a roller coaster. Stocks initially remained higher for the day after the Fed made its announcement Wednesday. They then slid sharply before recovering a chunk of the losses before trading ended.

On the upside for markets, the shift to higher interest rates built confidence that the Fed is committed to getting inflation back to its target of 2%. On the downside for markets, higher rates undercut prices for stocks and other investments.

All told, the S&P 500 rose 85.95 points to 7,637.76. The Dow Jones Industrial Average gained 316.14 to 51,778.04, and the Nasdaq composite rallied 439.87 to 26,418.30.

Additional sources • AP

BUENOS AIRES, Sept. 3 (UPI) — Argentina’s declining birth rate has drawn renewed attention after President Javier Milei linked the drop in births to the legalization of abortion during at least two public appearances over the past week.

Milei said Argentina’s population is no longer growing at a rate sufficient to ensure generational replacement because of what he called “that passion for murdering children in their mothers’ wombs.” He added that the trend is costing the country dearly in terms of economic growth and its pension system.

But demographic data and experts consulted by UPI challenge Milei’s assertion, noting that the decline began years before abortion was legalized and reflects broader economic and social factors.

Argentina’s birth rate began to fall in 2014, six years before the country legalized abortion in 2020.

According to official data released Wednesday by UNICEF Argentina, the number of births fell by nearly half over the past decade to 413,135 in 2024 from 777,012 in 2014. The fertility rate has reached its lowest level on record at 1.3 children per woman.

Argentina’s trend is part of a global phenomenon, though the decline has been more pronounced in the country. In 2024, Argentina recorded roughly the same number of births as in 1948, despite having three times as many women of reproductive age.

Sociologist and feminist historian Dora Barrancos said Milei’s argument is part of a broader narrative also found among far-right groups in other countries.

“There is a strong ideological focus on blaming feminists and their policies for the decline in the birth rate. From a historical perspective, that explanation has no basis,” she said.

Gala Díaz Langou, director of the International Panel on Social Progress, also rejected abortion as an explanation for the declining birth rate.

“That argument does not hold up. This is a global, multifaceted process,” she said.

Mariana Isasi, head of the United Nations Population Fund office in Argentina, said the declining birth rate reflects tensions between people’s personal aspirations, economic conditions and the way family life is organized.

A recent UNFPA survey on reproductive intentions in Argentina found that 57% of people between ages 18 and 45 would like to have more children.

“There is a gap between the number of children people have and the number they would like to have. This shows that the desire exists, but the conditions to do so are not always there,” Isasi said.

Isasi said conditions were not necessarily better in previous periods, but people today have more tools to make decisions about motherhood.

Uncertainty about the future is another factor influencing decisions about whether to have children. In addition, 20% of those surveyed said they had difficulty finding a suitable partner with whom to have children.

Isasi also noted that Argentina’s adolescent fertility rate has fallen by more than 50%.

“It is good news that teenage girls can continue their education without becoming mothers and can decide later whether they want to have children,” she said.

Another factor is the postponement of motherhood. The average age at which women in Argentina have their first child is 29.2.

“When motherhood is postponed, people may end up having fewer children over the course of their lives,” Isasi said.

Díaz Langou said some of the factors behind the falling birth rate represent positive changes, while others reflect economic and social difficulties.

Among the positive changes, she cited improvements in contraception that allow women’s reproductive decisions to better reflect their preferences and reduce unintended pregnancies.

Economic conditions and the cost of raising children, however, remain major concerns.

“Raising children is very expensive and is becoming increasingly costly because of the limited availability of public care services in Argentina. This is compounded by precarious employment conditions, which affect the real incomes of many people who have children,” Díaz Langou said.

The cost is also linked to the availability of care services. According to a recent analysis by La Cocina de los Cuidados, an intersectoral group focused on care policies, 48 of the 50 national care policies identified by the organization have been eliminated or defunded since December 2023.

The remaining policies have been repealed, cut back or dismantled under Milei’s administration.

Barrancos places the decline in births within a demographic process that began in the second half of the 19th century and reached Argentina by the end of that century.

She said women began to limit the number of children they had long before the expansion of feminism and the movement for women’s right to make decisions about their own bodies.

Barrancos rejected the idea that the decline in births can be attributed to feminism or the legalization of abortion and disputes that the trend represents a threat.

“There is nothing to fear. As the number of children women want to have declines, other forms of family are also growing, including same-sex families seeking to adopt. The alarmist rhetoric of the far right is incompatible with the historical evidence,” she said.

Sept. 2 (UPI) — Private payrolls rose by 38,000 in August, though it was less than expected and fell below the 46,000 jobs added in July, ADP reported on Wednesday.

August’s new hires report was the slowest month in terms of hiring since January with the manufacturing, professional services and information industries cutting jobs.

“Pay can tell us a lot about today’s choppy hiring,” Dr. Nela Richardson, chief economist for ADP, said in a statement. “To understand hiring patterns, you have to look deeply into where pay growth is accelerating, where it’s slowing, and for whom. Once-predictable wage growth has been overtaken by the complexities of demographic change, persistent inflation, and AI’s effects on jobs.”

Manufacturing jobs posted the biggest losses, down 17,000, followed by professional and business services, down 16,000. The losses offset a 45,000 gain in education and health services jobs and 16,000 new hires in the leisure and hospitality industry.

Large businesses of more than 500 employees added the most new hires, up 34,000, followed by small businesses with one to 19 employees, up 20,000. Small businesses with 20 to 49 employees decreased by 17,000 jobs.

The Dow Jones consensus estimate projected 47,000 new hires in August, 9,000 jobs more than ADP’s reported results.

Wednesday’s report comes ahead of the U.S. Bureau of Labor Statistics’ monthly nonfarm payrolls report expected on Friday.

Coral reefs make up just 1 percent of ocean coverage, but host a quarter of all life in the sea.

Coral reefs are experiencing bleaching events so frequently that they no longer have time to recover before the next one strikes, scientists have warned.

Global coral cover is now well below ⁠normal levels and at risk of irreversible decline, the Global Coral Reef Monitoring Network (GCRMN) said in a report released on Monday.

“If we give them enough time, they ‌have the capacity to recover,” lead author Manuel Gonzalez Rivero said. “But we haven’t seen that amount of time being allowed. In fact, the frequency of those bleaching events has pretty much doubled.”

Bleaching occurs when corals expel the colourful algae living in their tissues. Without this algae, they become vulnerable to starvation and disease. Bleached coral are not dead, but they need time in cooler water to recover.

“We had 40 years of coral cover around the world that had remained relatively unchanged until 2010,” said Gonzalez Rivero, a scientist at the Australian Institute of Marine Science. “Since 2010, there has ⁠been a very steep change.”

The latest bleaching in 2023 was the most extensive on record, impacting 77 percent of the world’s coral reef areas.

Rivero warned that another such event is “very likely” this year given elevated temperatures globally.

Coral reefs are critical barometers for global ocean health, supporting more than 25 percent of all marine life despite covering less than 1 percent of the ocean floor.

The GCRMN’s warning came as organisers of the annual Pacific Islands Forum announced that at least five leaders of the 18-nation group will skip the group’s summit.

The forum has been touted for decades as a symbol of regional unity, and is used to discuss pressing matters facing Pacific states, including climate change and ocean health.