The dollar slipped from a seven-week high on Monday, as investors took stock of last week’s strong U.S. economic data and the outlook for global interest rates.

Oil prices edged up in volatile trade on Monday, as Russia halted exports to Poland via a key pipeline ahead of a hefty supply cut announced for March, but a stronger dollar and fears of recession capped gains.

The big beasts of the telecom industry kicked off their most important annual get-together in Barcelona on Monday, promising to lead a  “tsunami of innovation”, as they try to shrug off a major slump across the technology sector.

Europe looks set to avert fuel shortages and end this winter in a position that, while not exactly comfortable, looks far better than was feared last autumn, after Russia curbed gas pipeline supplies dramatically.

German business morale improved in February for the fourth consecutive month, adding to signs that Europe’s largest economy is recovering despite the energy crisis and high inflation, a survey said on Wednesday.

The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flurry of economic data reinforced market expectations of tighter monetary policy from the Federal Reserve.

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.

Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?

British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above 10 percent, prolonging a cost-of-living crisis that has sparked massive strikes.

The dollar fell on Tuesday ahead of a keenly anticipated US inflation report, while the euro and sterling strengthened after European data underlined the resilience of the labour market across the region.

Oil may resume its rally in 2023 as Chinese demand recovers after Covid curbs were scrapped and lack of investment limits growth in supply, Opec country officials told Reuters, with a growing number seeing a possible return to $100 a barrel.

Annual inflation in Russia slowed further in January, but consumer prices rose in month-on-month terms, data showed on Friday.

Oil prices rose more than 2 per cent on Friday and posted weekly gains of over 8 per cent, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.

German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday.

Some 55 Bangladeshi companies participated in the world’s largest consumer trade show Ambiente in Germany’s Frankfort to showcase the locally produced goods to the international customers.

Australia’s central bank on Tuesday hiked interest rates to a 10-year high as it tries to rein in surging inflation while also trying not to trigger a recession.

The European Central Bank is likely to raise interest rates again in May after an already signalled hike in March, two policymakers said on Friday, with one arguing that the peak or “terminal” rate is at least starting to appear on the horizon.

The German economy unexpectedly shrank in the fourth quarter, data showed on Monday, a sign that Europe’s largest economy may be entering a much-predicted recession, though likely a shallower one than originally feared.

Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply down, data showed on Monday.

Bangladesh has built a solid partnership with European Union in the recent past and there are areas and opportunities to invest here, said Charles Whiteley, ambassador and head of delegation of the European Union (EU) to Bangladesh.