OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic. 

Walmart’s Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was “qualitatively different”, Flipkart argued in a court filing seen by Reuters. 

Inside an unassuming store in New York’s Greenwich Village, around a dozen men unlock black briefcases, remove sports cards and begin to trade them -- a growing hobby and industry that has boomed during the pandemic.

A stock offering by Indian food delivery startup Zomato drew bids worth US$46.3 billion as it was more than 38 times oversubscribed on Friday, signalling investors were bullish about the fast-growing sector. 

US Treasury Secretary Janet Yellen announced on Friday that she will meet with regulators next week to discuss “interagency work” on stablecoins, a rapidly growing class of digital currencies that is facing growing scrutiny from policymakers.

US consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months as inflation worries dented confidence in the economic recovery, a survey showed on Friday. 

China will crack down on the hoarding and speculation of commodities while ensuring supplies and prices are stable, in a move to tame price volatility seen in recent months, said China’s Ministry of Industry and Information Technology.

Global stocks mostly fell Friday as worries about rising Covid-19 cases and their effect on global growth weighed on sentiment, pushing Wall Street into the red for the week.

EU competition regulators will investigate whether a 3.2-billion-euro ($3.8 billion) restructuring plan for ailing Portuguese airline TAP is proportionate and complies with EU state aid rules, the European Commission said on Friday. 

The McLaren Group announced a 550 million pound ($758 million) equity investment on Friday with much of it coming from Saudi Arabia’s Public Investment Fund (PIF) and global investment firm Ares Management.

The United States on Friday warned its business community of growing risks of operating in Hong Kong due to China’s clampdown, as an increasing number of Western companies consider abandoning the historic financial hub.

US retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, supporting expectations that economic growth accelerated in the second quarter.

Global issuance of sustainable debt is on track to surpass $1 trillion this year with green bonds dominating while emerging markets have some catching up do to, the Institute of International Finance (IIF) said in a report.

Two Chinese state investors plan to sell a combined 98.78 per cent of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday.

Malaysia Aviation Group (MAG) has launched a tender for the sale of six Airbus A380-800 aircraft or their components, the company said in a post on LinkedIn on Thursday.

Alphabet Inc’s Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. 

US import prices increased solidly in June as bottlenecks in the global supply chain persisted, the latest indication that inflation could remain elevated for a while amid strong domestic demand fueled by the economy’s reopening and fiscal stimulus. 

Federal Reserve Chair Jerome Powell on Wednesday pledged “powerful support” to complete the US economic recovery from the coronavirus pandemic, but faced sharp questions from Republican lawmakers concerned about recent spikes in inflation. 

Five years after President Tayyip Erdogan saw off a coup, his chances of extending his rule into a third decade may depend on whether he can reverse an economic decline that has seen Turks’ prosperity, equality and employment fall since 2013.

The European Central Bank should keep its policy ultra-easy to support the economic recovery in the euro area and insulate its financial markets from higher interest rates in the United States, ECB policymaker Ignazio Visco said on Thursday.