Children clutching glow sticks shrieked with delight and onlookers gazed awestruck as Blackpool’s Illuminations lights festival launched to a spectacular volley of fireworks from its 158-metre Victorian tower.

The possibility of exempting “green” investments from EU deficit  calculations will form part of discussions when EU budget rules are  revised, European Commission Vice President Valdis Dombrovskis said on  Saturday.

Energy stocks are becoming a popular bellwether for concerns over how deeply the Delta variant of the coronavirus is expected to impact the US economy, as the so-called reopening trade that boosted some parts of the market earlier this year continues to stumble. 

US Treasury Secretary Janet Yellen on Thursday urged countries in the G7 group of richest nations to quickly implement a global tax reform aimed at curbing tax avoidance.

Kenya’s economy shrank for the first time in three decades last year as the country was battered by the coronavirus pandemic, and almost 740,000 people were thrown out of work, a new government survey said.

A third consecutive month of job gains pushed Canada’s unemployment rate down 0.4 percentage points in August to 7.1 per cent -- its lowest level since the onset of the pandemic, the national statistics agency said Friday.

US producer prices posted another record increase in August, according to government data released Friday, as the world’s largest economy grapples with high material costs amid its recovery from the Covid-19 crisis.

The US Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins -- a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings. 

A US judge on Friday ordered Apple to loosen control over its App Store payment system, a blow to the global tech giant sparked by its anti-trust battle with Fortnite maker Epic Games.

With the Taliban in control and foreign aid blocked, Afghanistan’s economy is likely to contract sharply as it faces a shortage of cash, the nation’s former central bank chief said Friday.

European governments have spent hand over fist, despite ballooning public debt, to prevent the coronavirus pandemic from triggering economic calamity.

After remaking their security procedures following the 9/11 attacks to stop airline hijackings, carriers are now faced with rising threats targeting computers and electronic equipment critical to their operations and safety.

Afghanistan's central bank has ordered banks to pay out remittances in local currency only, the latest move to preserve scarce U.S. dollars, say sources familiar with the matter.

European aerospace giant Airbus has clinched a landmark $3 billion deal to make military aircraft for India in partnership with local conglomerate Tata, the defence ministry said Wednesday.

China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy.

Ford Motor Company will stop manufacturing cars in India and shut down its plants in the country, two sources told Reuters, becoming the latest automaker to quit a market still dominated by Asian rivals. 

US economic growth  “downshifted slightly” in July and August amid shortages of workers and materials, as well as concerns about the rise of the highly transmissible Delta variant of the virus that causes Covid-19, the Federal Reserve said Wednesday.

As a nurse at one of Kabul’s main hospitals, Latifa Alizada was the breadwinner for her family, providing for her three young boys and unemployed husband.Now -- since the Taliban rolled into Afghanistan’s capital -- she too is jobless, and worried about the future.

Japan’s economy grew faster than the initially estimated in the April-June quarter, helped by solid capital expenditure, although a resurgence in Covid-19 is undermining service-sector consumption and clouding the outlook.

The International Monetary Fund (IMF) has loaned Tanzania more than half a billion dollars in emergency financing as the coronavirus pandemic drags on its economy and critical tourism sector.