The coronavirus pandemic may have pushed the United States into a volatile era of stronger growth and better productivity, but higher interest rates and faster inflation as well, St. Louis Federal Reserve president James Bullard said, elaborating on why he thinks the U.S. central bank should end its crisis-era policies. 

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid to the most vulnerable countries. 

BP boosted its dividend and share buybacks after beating expectations with a $2.8 billion second-quarter profit powered by higher oil prices and recovering demand.

Despite complaints from US employers that workers are hard to find, there are almost 10 million people who are unemployed and more sitting on the sidelines of the labor market, said San Francisco Federal Reserve President Mary Daly, who expects many or most of them to return to work as the economy recovers. 

Asian markets fell on Tuesday while oil held most of the previous day’s losses as the impact of the fast-spreading Delta Covid variant on the global recovery fuelled concerns the outlook might not be as rosy as initially hoped.

The boss of London’s Heathrow Airport told Britain on Monday to rebuild confidence in travel by making it easier to go abroad, as speculation grew that the government was poised to slap yet more new rules on arrivals.

Britain’s factories reported a further slowing of growth in July - although it was still one of the fastest paces on record - as they struggled with staff shortages and supply chain problems caused by the Covid-19 pandemic, a survey showed on Monday. 

New Zealand’s housing crisis is having a “punishing impact” on marginalised communities and leaving many people homeless, the human rights commission said on Monday as it launched an inquiry into the country’s red-hot property market. 

Oil prices fell on Monday as worries over China’s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.

Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in the biggest buyout of an Australian firm.

Asia’s factories hit a rough patch in July as rising input costs and a new wave of coronavirus infections overshadowed solid global demand, highlighting the fragile nature of the region’s recovery. 

US senators introduced a sweeping $1-trillion bipartisan plan to invest in roads, bridges, ports, high-speed internet and other infrastructure, with some predicting the chamber could pass this week the largest public works legislation in decades.

Indian billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline could give planemaker Boeing a chance to regain lost ground in India after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say.

China’s securities regulator said on Sunday it will seek closer cooperation with its US counterpart and will support overseas listings, after US regulators tightened disclosure for Chinese companies and voiced concern about Beijing’s regulatory actions.

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.

Indian Oil Corp (IOC) said on Friday it was operating its refineries at 90 per cent capacity as diesel sales were yet to reach pre-Covid-19 levels, but it expects to ramp up refining to full capacity within a quarter as demand picks up. 

Oil prices edged higher on Friday, with global benchmark Brent posting a fourth monthly gain, with demand growing faster than supply and vaccinations expected to alleviate the impact of a resurgence in Covid-19 infections across the world. 

Major stock markets pulled back Friday as worries about the Delta variant of Covid-19 and profit taking offset another round of mostly strong corporate earnings.

China’s growth in new home prices slowed in July for the first time in five months, with smaller cities especially weighed down by higher mortgage rates, price caps on resale homes and other steps to cool speculation, a private-sector survey showed on Sunday.