Britain’s Brexit-facing economy shrank in August, official data showed Thursday, but analysts say a better-than-expected July is expected to help it avoid recession.

The United States fell to second place behind Singapore in the World Economic Forum’s flagship Global Competitiveness Report, with the slippage linked in part to President Donald Trump’s trade wars.

India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday, despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.

The OECD published Wednesday its suggestions for a “unified approach” on fairly taxing digital giants to break a deadlock in a dispute that has raised tensions between the United States and some EU allies.

Britain's debt burden would jump to its highest level in 50 years if it leaves the EU without a deal, a leading think-tank warned Tuesday.

Samsung Electronics said Tuesday it expected operating profits to drop more than 50 percent in the third quarter amid a continued slump in the global chip market.

Arm Holdings, the British chip technology firm owned by Japan’s Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology.

The growth of global value chains, a key driver of trade and poverty reduction in emerging market countries, has largely stalled in the past decade and is under threat from trade conflicts and emerging new technologies, the World Bank said on Tuesday.

The American economy should continue its expansion, with strong jobs markets but with price pressures in check and inflation approaching the central bank’s target, Federal Reserve Chairman Jerome Powell said Tuesday.

Sri Lanka’s central bank will likely leave its key interest rates on hold at a policy review on Friday, after a 50-basis-point cut in August, a Reuters poll showed, ahead of presidential elections and as lower bank rates go into effect.

Industrial production in Europe’s powerhouse economy Germany saw a slight rebound in August, official data showed Tuesday, offering a bright spot amid external threats to the outlook.

Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say.

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday.

Fashion retailer H&M’s newest independent business, outlet brand Afound, will focus more on online expansion and less on physical store expansion than previously planned, it said on Tuesday.

Gold prices yesterday held on to the previous session’s gains, as fading hopes for progress in US-China trade talks hit risk appetite, while markets also awaited clues on monetary easing by the US Fed.

After onion, retail price of tomatoes shot up across India on Tuesday due to supply disruptions caused by heavy rains in key growing states.

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.

Most Asian currencies edged higher on Tuesday with the Chinese yuan firming the most after reopening from a week long holiday while investors held positions ahead of the high level Sino-US trade talks on Thursday and Friday.

Japan’s household spending rose for the ninth straight month in August, offering some relief for the export-dependent economy amid the US-China trade war, but a fall in wages points to further strains on consumers after a sales tax hike this month.

The European Union’s finance commissioner pledged on Tuesday, if he is reappointed, to propose new rules to regulate virtual currencies such as Libra, the currency Facebook plans to launch.