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. 

The European Central Bank inched closer to a  “digital euro” on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.

China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new Covid-19 outbreaks, as expectations build that policymakers may have to do more to support the recovery. 

India’s move to ban Mastercard for breaching data storage rules has destabilized the country’s financial sector as it will disrupt bank card offerings and affect revenues, payments and banking industry executives said to Reuters. 

Transportation of goods from India to Bangladesh via freight trains doubled in the last fiscal year as the route is cost-effective and saves time.

After loosing 53 cars during xenophobic attacks in South Africa in 2019, Johannesburg car dealership owner Okey Uchendu never thought he would see his business destroyed again by civil unrest in less than two years.

US Trade Representative Katherine Tai and her British counterpart Liz Truss agreed to continue working to strengthen bilateral ties in a meeting in Washington on Tuesday, Tai’s office said in a statement.

The dollar hit three-month highs against the euro and world stocks slipped on Wednesday after a jump in US inflation fuelled expectations of a quicker end to Federal Reserve stimulus, while a drop in China’s crude imports dampened oil.

Japan’s economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus emergency curbs in Tokyo, extending through the Olympic Games, weigh on consumption, a Reuters poll found. 

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country’s top banking and insurance watchdog said on Wednesday.

Britain’s fisheries have been sold out by the post-Brexit trade deal agreed with the European Union, the head of an industry body said on Wednesday, urging the government to do more for the sector when a so-called adjustment period ends in 2026.

A coronavirus lockdown in Sydney, Australia’s most populous city, threatens to shrink the country’s economy in the third quarter, with a slow vaccine rollout adding to the headwinds. 

US Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell will discuss the hot housing market and its risks with fellow regulators on Friday, Bloomberg News reported. 

British inflation surged further above the Bank of England’s target in June to strike 2.5 per cent, its highest since August 2018, placing a new focus on the BoE’s plan to keep its huge stimulus programme in place. 

Singapore’s economy contracted in the second quarter after battling new outbreaks of Covid-19 but economists expect it to get back on track quickly as global growth picks up and vaccination rates rise. 

Germany’s economic recovery from the Covid-19 crisis is at full swing, and the outlook for the industry remains positive despite supply bottlenecks for intermediate products, the German Economy Ministry said on Wednesday. 

The Reserve Bank of India (RBI) on Wednesday indefinitely barred Mastercard Inc (MA.N) from issuing new debit or credit cards to domestic customers for violating data storage rules, dealing a blow to the U.S. company in a key market.

Confidence among small businesses in the United States improved slightly in June after declining in May, despite owners worrying about a labor shortage and inflation, according to a survey released on Tuesday. 

The Covid-19 pandemic has prompted businesses to rapidly digitize their operations, leading to a surge in productivity in the United States, Goldman Sachs analysts said. 

France’s antitrust watchdog slapped a 500 million euro ($593 million) fine on Alphabet’s Google on Tuesday for failing to comply with the regulator’s orders on how to conduct talks with the country’s news publishers in a row over copyright.