Global financial media focused on the following major headlines overnight and this morning:

1. Bessent indicates Trump may declare US housing emergency this fall 2. Trump claims India proposed zero tariffs on US goods but says it's too late 3. Nestle CEO forced to step down after workplace romance scandal exposed 4. Google refutes claims about major Gmail security alerts 5. International oil prices close higher amid weaker dollar and Russian supply disruption concerns 6. Uncertain US tariff outlook may delay economic dividend release

**Bessent indicates Trump may declare US housing emergency this fall**

US Treasury Secretary Scott Bessent said in an interview on Monday that the Trump administration may declare a national housing emergency this fall.

Bessent also hinted that authorities are studying how to regulate local building and zoning codes and reduce transaction completion costs.

Bessent stated that Trump might also consider tariff exemptions for specific building materials.

**Trump claims India proposed zero tariffs on US goods but says it's too late**

US President Donald Trump stated that India has proposed reducing tariff rates after the US imposed 50% tariffs on India last week due to its purchases of Russian oil.

"They have now proposed reducing tariffs to zero, but it's too late. They should have done this years ago," Trump posted on Truth Social on Monday. It remains unclear when India made this proposal or whether the White House plans to restart trade negotiations with India.

The new US tariffs doubled the tariffs faced by Indian exporters from the previous 25%. These tariffs affect more than 55% of goods shipped to the US — which is also India's largest market — hitting labor-intensive industries such as textiles and jewelry the hardest. Major export goods such as electronics and pharmaceuticals were exempted, temporarily sparing Apple's massive new factory investments in India.

**Nestle CEO forced to step down after workplace romance scandal exposed**

Nestle, known for its conservative corporate culture, faces another executive upheaval as the world's largest food company dismissed CEO Laurent Freixe, who had been in the position for just one year, due to an undisclosed workplace relationship.

The Swiss company issued a press release Monday evening stating that an investigation found Freixe had an undisclosed romantic relationship with a direct subordinate. Nestle also announced the appointment of Nespresso coffee brand head Philipp Navratil as the new CEO.

"This was a necessary decision," Chairman Paul Bulcke said in the statement. "Nestle's values and governance are strong cornerstones of our company. I thank Laurent for his years of service."

**Google refutes claims about major Gmail security alerts**

Google stated that Gmail's protective measures remain reliable after misleading reports emerged about related issues.

Cyber threats are already frightening enough; false or exaggerated alerts only add to the confusion. Last week, multiple media outlets claimed Gmail had issued major warnings to its 2.5 billion users. Now Google has stepped forward to clarify that these claims are completely false.

The company stated in a new blog post that it has never issued widespread security alerts for Gmail, and that Gmail's protective measures remain "robust and effective." Google also added that while phishing attacks remain a major threat, Gmail intercepts more than 99.9% of these attacks and malware before they reach users' inboxes.

**International oil prices close higher amid weaker dollar and Russian supply disruption concerns**

Global benchmark Brent crude closed up 1% on Monday as markets worried that escalating Russia-Ukraine conflict could lead to supply disruptions, with additional support from a weaker dollar.

Brent crude futures closed up 67 cents, or 1%, at $68.15 per barrel. As of 2:15 PM Eastern Time, US benchmark West Texas Intermediate crude futures were up 67 cents, or 1.1%, at $64.68 per barrel.

Due to the US Labor Day holiday, West Texas Intermediate crude futures will not settle on Monday. This affected trading volumes for both Brent crude and West Texas Intermediate.

**Uncertain US tariff outlook may delay economic dividend release**

President Trump's latest legal setback on tariffs not only increases uncertainty for US importers but also delays the realization of economic dividends that Commerce Secretary Howard Lutnick previously predicted the government would create.

A US appeals court ruled Friday evening that most of Trump's global tariffs are illegal, adding policy complexity and questioning the president's power to incentivize domestic production or sourcing through tariff imposition.

While judges allowed these tariffs to remain effective pending further review, this could lead to stagnant corporate investment decisions until tariff costs become clear.