The European Central Bank must tighten monetary policy if it needs to counter inflationary pressures and cannot be put off from doing so by the financing costs of euro zone states, ECB policymaker Jens Weidmann told the Welt am Sonntag newspaper. 

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the Covid-19 pandemic and rebounding bank profits.

The Reserve Bank of India held rates at record lows on Friday, but it raised its inflation forecast and said it would normalise liquidity conditions in a signal that policymakers could be edging closer to tapering pandemic-induced stimulus. 

The economic boost from an expected $1 trillion infrastructure bill working its way through the US Senate has helped push Wall Street stocks near record levels, but some investors are concerned that the next two months in Washington could be rocky.

Amazon will require all of its US employees to wear a mask at work regardless of their vaccination status.

Energy prices for millions of Britons are expected to rocket from October after the energy regulator said it would increase its cap on the most widely used tariffs by about 12-13 per cent, due to soaring global gas prices.

China’s crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes. 

US employers hired the most workers in nearly a year in July and continued to raise wages, giving the economy a powerful boost as it started the second half of what many economists believe will be the best year for growth in almost four decades. 

China’s export growth unexpectedly slowed in July following outbreaks of Covid-19 cases, while imports also lost momentum, pointing to a slowdown in the country’s industrial sector in the second half even as easing global lockdowns boost commerce. 

Chinese telecoms giant Huawei’s second-quarter revenue plunged 38 percent, according to figures released Friday, with smartphone sales suffering from US sanctions and the offloading of its budget brand Honor.

Warren Buffett’s Berkshire Hathaway Inc on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.

Two Myanmar citizens have been arrested in New York state for plotting with an arms dealer in Thailand - who sells weapons to the Burmese military - to kill or injure Myanmar's ambassador to the United Nations, US authorities said on Friday.

The UN World Food Programme (WFP) warned on Friday it may not have enough funding for the next six months to help millions of people in Myanmar facing food insecurity amid a wave of Covid-19 infections and political unrest in the southeast Asian nation.

World stocks eased from the previous session’s record highs while the dollar reached its highest in eight days on Thursday, after hawkish remarks from a senior US Federal Reserve official. 

Activity in Britain’s construction industry grew last month at its weakest pace since February due to shortages of building materials and contractors, adding to signs of post-Covid bottlenecks in the economy.

US President Joe Biden was scheduled to sign an executive order on Thursday setting a target to make half of all new vehicles sold in 2030 zero-emissions vehicles and propose new vehicle emissions rules to cut pollution through 2026, the White House said.

Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in Covid-19 cases, though Middle East tensions offered support. 

From an office in Shenzhen’s sprawling electronics district, an engineering team is prototyping a bioreactor that will one day produce “cultivated meat”, discussing component sizes in a video call with scientists sitting in kitchens and bedrooms in the UK.

US crude oil stockpiles rose, while gasoline inventories fell, in a signal of steady demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.6 million barrels in the week to July 30 to 439.2 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.1 million-barrel drop.

Tesla Inc chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options, according to a filing with the US Securities and Exchange Commission (SEC).