Business activity in the eurozone grew strongly again this month, only dipping from July’s two-decade high monthly pace, as a rapid vaccination drive against the coronavirus allowed more firms to reopen and customers to venture out, a survey showed. 

Britain’s private sector business activity slowed sharply in August due to ongoing staff and supply shortages, a survey showed Monday.

Alongside a grinding seven-year military conflict, Yemen’s government and the Huthi rebels are locked in battle on another front--a currency war that has opened up a gulf in riyal values.

General Motors Co said yesterday it would take a hit of US$1 billion (RM4.23 billion) to expand the recall of its Chevrolet Bolt electric vehicles due to the risk of fires from the high-voltage battery pack--a blow for the largest US automaker as it seeks to ramp up EV sales. 

Major stock markets in the Gulf mostly rebounded on Sunday, after declining in the previous session, but falling oil prices continued to weigh on Saudi Arabia where the benchmark index extended losses. 

The Federal Reserve Bank of Kansas City said on Friday its annual economic symposium in Jackson Hole, Wyoming, will take place on August 27 virtually and not in person as planned, the clearest sign yet of the impact of the Covid-19 Delta variant on the Fed’s plans.

Algeria’s gross domestic product (GDP) grew 2.3 per cent in the first quarter of this year helped by a better performance from the energy sector, official data showed on Saturday, after a 3.9 per cent contraction a year earlier.

India is set to exceed its targets for cutting greenhouse gas emissions and boosting the share of non-fossil fuels in electricity generation but any further commitment to reducing its carbon footprint will depend on climate finance from rich countries, a senior official said.

Moscow pledged retaliatory measures after a new set of sanctions imposed by the United States on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, Russia’s foreign ministry said in a statement on Saturday.

Brazil’s Economy Minister Paulo Guedes said on Friday that political conflict is contaminating the economy and overshadowing positive news on economic growth and the prospect of a much smaller primary budget deficit next year.

US Treasury Secretary Janet Yellen has told senior White House advisers she backs reappointing Jerome Powell as US Federal Reserve Chair, whose term expires in February, a Bloomberg News reporter wrote on Twitter.

The Taliban now hold the keys to an untouched trillion-dollar trove of minerals including some that could power the world’s transition to renewable energies, but Afghanistan has long struggled to tap its vast deposits.

Nvidia Corp’s planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could damage competition and weaken rivals, and required a further lengthy investigation.

US energy firms this week added oil and natural gas rigs for a third week in a row, as a recovery in oil prices prompted some drillers to return to the wellpad over the past year. 

President Joe Biden’s administration announced steps on Thursday to allow US states to continue expanded unemployment benefits as the country grapples with a surge in the Delta variant of Covid-19, even as data showed jobless claims declining for a fourth straight week.

German car giant Volkswagen will slash production at its main plant due to ongoing problems with the global supply of computer chips, a spokesman told AFP on Friday.

European business leaders have warned that Hong Kong’s stringent quarantine measures have left its residents  “indefinitely trapped” in the city, threatening its status as an international business centre.

China passed a sweeping privacy law aimed at preventing businesses from collecting sensitive personal data Friday, as the country faces an uptick in internet scams and Beijing targets tech giants hoovering up personal data.

Stocks recovered ground on Friday despite concerns about economic growth amid rising Covid-19 cases, which continued to take its toll on oil prices.

Britain on Friday said a planned takeover of chip designer Arm by US firm Nvidia raises  “serious competition concerns”, while the deal may still be probed on security grounds.