Britain on Tuesday outlined plans for new financial regulation laws following its departure from the European Union, with the aim of securing long-term UK economic growth and international competitiveness.

China’s factory-gate inflation hit a 26-year high in October while fresh virus outbreaks and soaring food and energy prices sent consumer prices up more than forecast, official figures showed Wednesday.

Thailand plans to reopen its borders to workers from neighbouring Myanmar, Cambodia and Laos, a government official said on Tuesday, in a bid to ease a labour shortage that is hurting its export and tourism-dependent economy.

Six major automakers on Wednesday will commit to phasing out the production of fossil-fuel vehicles around the world by 2040, as part of global efforts to cut carbon emissions, the British government said in a statement.

European and US stock markets ended Tuesday’s trading in the red, dragged lower by continued inflation concerns and fatigue on Wall Street after a string of record-setting sessions.

US Treasury Secretary Janet Yellen said on Tuesday that the bipartisan infrastructure package approved by Congress and President Joe Biden’s proposed social and climate spending plan would increase US productivity and the size of its labor force.

US President Joe Biden hits the road Wednesday to show off the huge new infrastructure bill passed last week, hoping to reap its benefits politically even as he watches his approval ratings slump.

Pacific Rim trade and foreign ministers agreed at a virtual summit Wednesday that free trade and open economies will drive the region’s recovery from the coronavirus pandemic.

The Bank of England and Britain’s finance ministry said on Tuesday that they would hold a formal consultation next year on whether to move forward on a possible central bank digital currency (CBDC) that would take years to introduce.

US cybersecurity firm McAfee announced on Monday it will be sold to a group of investors for more than $14 billion, just over a year after going public.

Saudi Arabia’s economy grew 6.8 per cent in the third quarter from a year earlier, the fastest expansion since 2012, official data showed on Tuesday, as the world’s top oil exporter benefits from rebounding global energy demand.

The US economy may be ready for the Federal Reserve to raise its benchmark borrowing rate by the end of next year, the central bank’s Vice Chair Richard Clarida said Monday.

The Australian government on Tuesday pledged A$178 million ($132 million) to ramp up the rollout of hydrogen refuelling and charging stations for electric vehicles, but did not offer EV rebates or set targets to phase out petrol cars.

Stresses in China’s real estate sector including from heavily-indebted Evergrande have the potential to impact the United States if they spread first to the Chinese financial system, the Federal Reserve said Monday.

UK aircraft engine maker Rolls-Royce launched plans Tuesday to build small low-cost nuclear reactors, backed with private and public cash, to help reduce the country’s carbon emissions.

Taiwanese chip giant TSMC will partner with Sony on a new $7 billion plant in Japan, the firms announced Tuesday, as an ongoing global semiconductor shortage squeezes the production of everything from cars to TVs and gaming consoles.

German exports fell for the second month in a row in September as Europe’s top economy grapples with global supply shortages, official data showed Tuesday.

The United Arab Emirates will require all gold refineries to undergo annual audits to ensure their suppliers are responsible, it told Reuters, in an effort to combat illicit trading.

Asian markets were mixed Monday as long-running concerns about inflation offset forecast-busting economic data out of the United States and China, while tourism-linked firms rallied on optimism about the global reopening after Pfizer said its pill to treat Covid was highly effective.

China’s meat imports in October fell from a year ago to their lowest in 20 months, customs data showed on Sunday, as cheap domestic pork cut demand for overseas supplies.