A rift between Airbus and engine makers over plans for higher jet output blotted strong aerospace earnings this week, with worries over the supply chain’s industrial capacity masking a deeper tug of war over contrasting business strategies. 

Millions of Americans could find themselves homeless starting Sunday when a nationwide ban on evictions expires, even as billions in government funds meant to help them go untapped.

The White House has told US automakers that it wants them to back a voluntary pledge of at least 40 per cent of new vehicles sales being electric by 2030 as it works to reduce greenhouse gas pollution, sources briefed on the matter said. 

Caterpillar reported a jump in second-quarter profits Friday driven by higher sales across its divisions, but said customers in major industries were still avoiding new investments.

US consumer spending surged in June as vaccinations against Covid-19 boosted demand for travel-related services, but part of the increase reflected higher prices, with annual inflation accelerating further above the Federal Reserve’s 2 per cent target.

Amazon.com Inc needs to spend billions of dollars to expand its warehouse and delivery system, adding pressure to its shares which dropped 7 per cent on Friday after it forecast lower sales growth. 

US oil giants ExxonMobil and Chevron  reported strong profits Friday riding a wave of higher prices amid  recovering demand, but pledged to keep a lid on spending.

French bank BNP Paribas said Friday that the improving economy and cost savings help boost its bottom line in the second quarter.

Hong Kong’s economy is continuing to recover, advanced figures showed Friday, albeit at a slightly slower than expected pace with little sign that the international finance hub’s coronavirus pandemic isolation will end any time soon.

Britain is nearing an agreement in principle on a free trade deal with New Zealand, its trade ministry said on Saturday, as London looks to bolster its post-Brexit trade ties with non-EU partners.

Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of Iranian supplies, with further gains limited by new coronavirus variants, a Reuters poll showed on Friday. 

British bank Lloyds said Thursday that first-half net profits surged  on lower-than-expected credit losses as the economy extended its  recovery from the Covid-19 pandemic.

Contracts to purchase previously owned US homes declined in June in step with a spike in home prices after rebounding strongly in the prior month.

China stepped up attempts to calm frayed investor nerves after a wild markets rout this week by telling foreign brokerages not to  “overinterpret” its latest regulatory actions, setting the stage for a rebound in beaten-down stocks on Thursday.

British car production rose by nearly a third in the first half of 2021 from last year’s slump, but remained down on the five-year average as the sector warned that Covid-19 continued to cause staffing and supply problems. 

Samsung Electronics’ net profits surged more than 70 per cent in the second quarter thanks to higher memory chip prices fuelled by pandemic-led demand, the South Korean tech giant reported Thursday.

A roughly $1 trillion bipartisan infrastructure investment bill advanced in the US Senate on Wednesday, passing a key milestone that moves the emerging legislation toward formal debate and possible passage. 

The US economy likely gained steam in the second quarter, with the pace of growth probably the second fastest in 38 years, as massive government aid and vaccinations against Covid-19 fueled spending on travel-related services.

Canadian pipeline operator TC Energy Corp could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of US and Canadian oil and gas pipelines. 

Sweden’s economy looks to have recovered all of the losses wrought by the Covid-19 pandemic, economists said, after preliminary figures released on Thursday showed the country was at the forefront of the economic rebound.