A measure of US services industry activity surged to a record high in October likely as declining Covid-19 cases boosted demand, but businesses remained burdened by snarled supply chains and the resulting exorbitant prices.

Long-dated euro zone bond yields edged higher on Thursday with the market predicting that the Bank of England will be the first major central bank to hike rates since the onset of the Covid-19 crisis when it meets later in the day.

The Federal Reserve will begin to slow its stimulus bond purchases this month as the US economy makes a solid recovery from the pandemic, but the central bank will be patient before raising interest rates, Fed Chair Jerome Powell said Wednesday.

China’s daily coal output hit 11.67 million tonnes on November 2, rising around one million tonnes from early October, close to a record high this year amid a raft of measures to ramp up production, according to the country’s state planner.

The Indian government on Wednesday reduced taxes on petrol and diesel in a bid to improve consumer sentiment, as Asia’s third-largest economy recovers from the shocks of severe lockdowns to control the spread of the coronavirus.

With rubbish piling up in the desert, the United Arab Emirates has found a new way to get rid of its trash -- incinerators that will turn it into electricity.

The United States joined Britain, France, Germany and the European Union on Tuesday in a multi-billion dollar partnership to help South Africa finance a quicker transition from coal, that will provide a model for other countries.

Afghanistan’s Taliban government announced a ban on the use of foreign currencies on Tuesday, threatening further disruption to an already ailing economy.

China plans to reduce average coal consumption during electricity generation at power plants to improve energy efficiency and lower greenhouse gas emissions.

Britain and India introduced a plan on Tuesday to improve connections between the world’s electricity power grids to accelerate the transition to greener energy.

Rivian Automotive, an Amazon-backed electric vehicle startup, said Monday it is targeting a valuation of more than $50 billion.

BP added more than a billion dollars to its share buyback programme on Tuesday as it likened itself to a “cash machine” benefiting from higher oil and gas prices and a strong trading performance in the third quarter.

US President Joe Biden told the COP26 climate summit Monday that the massive response needed to stop the climate crisis should be seen as an opportunity for the world’s economies.

India’s Tata Motors reported its third straight quarter of losses on Monday as chip shortages and rising raw material prices hit the automaker’s bottom line.

Taiwan will seek support for its bid to join a trans-Pacific trade pact when it attends a meeting of economic leaders of the Asia-Pacific group APEC next week, President Tsai Ing-wen said on Tuesday.

Asian markets mostly rose Tuesday as traders bided their time ahead of key central bank meetings this week that are expected to see officials begin withdrawing their vast pandemic-era financial support, while keeping a wary eye on inflation and supply chain snarls.

Japan’s government plans to shorten Covid-19 quarantine periods for inbound business travellers from 10 days to 3, public broadcaster NHK reported on Tuesday.

The end of Britain’s furlough programme has not led to a surge in new job-seekers, according to data that suggests unemployment is unlikely to rise sharply and could bolster the case for a Bank of England interest rate hike.

As warnings have intensified about the massive damage that climate change will have on the world in the coming decades, big businesses have started to make commitments to reduce carbon emissions.

US President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in the face of any future health crises, as well as climate change and even planned attacks.