India will splash 257 billion rupees ($3.5 billion) on incentives for the auto sector to boost production of clean cars, the government said Wednesday, as it seeks to cut greenhouse gas emissions as part of the Paris climate accord.

Facing pressure from environmentalists, Chevron boosted spending Tuesday for  “lower carbon” ventures and unveiled plans to reduce emissions from its operations in a pitch that drew shrugs from climate activists.

China’s factory and retail sectors faltered in August with output and sales growth hitting one-year lows as fresh coronavirus outbreaks and supply disruptions threatened the country’s impressive economic recovery.

Massive US government stimulus payments during the Covid-19 pandemic last year boosted household income and lowered the share of Americans living in poverty, according to government data analysis released Tuesday.

Britain said on Tuesday it was delaying the implementation of some post-Brexit import controls, the second time they have been pushed back, citing pressures on businesses from the pandemic and global supply chain strain.

British employers added a record 241,000 staff to their payrolls last month, lifting the total number of payrolled employees just above the level they were before Britain first went into a Covid-19 lockdown last year, official data showed on Tuesday.

Investors trod cautiously in early Asian trade Tuesday as they awaited US inflation data that could play a key role in determining when the Federal Reserve will start winding down its market-supporting monetary policy.

German companies operating in Bangladesh would continue to contribute to the impressive growth trajectory of the country, said Achim Tröster, the newly-appointed ambassador of Germany.

The United States and the European Union have agreed to aim to cut emissions of the planet-warming gas methane by around a third by the end of this decade and are pushing other major economies to join them, according to documents seen by Reuters.

After three months of decline in global oil demand, Covid-19 vaccine roll-outs are set to unleash thirst for oil stymied by pandemic restrictions especially in Asia, the International Energy Agency (IEA) said on Tuesday.

China’s new ambassador to the United States called on Monday for stable and constructive commercial ties between the world’s two biggest economies, even as they struggle to resolve political and trade differences, a trade group said.

Aluminium broke $3,000 a tonne for the first time in 13 years Monday on supply concerns while equity markets were mixed as record high US inflation ramped up concerns the Federal Reserve will have to tighten monetary policy sooner than later.

The dollar began a busy data week on a firm footing, with immediate focus turning to US inflation figures but investors are also wary of the Federal Reserve priming to exit from its super-supportive policy stance even as Covid-19 cases surge.

Kabul’s flea markets are packed with the belongings that desperate Afghans have sold at rock-bottom prices to fund their escape from Taliban rule, or just to pay for food.

Oil rose more than 1 per cent on Monday, supported by concerns over shut output in the United States because of damage from Hurricane Ida, with analysts expecting prices to remain rangebound in a stable market over the coming months.

A sale of Australia’s greatest airport moved nearer on Monday as an infrastructure investor group gained permission to conduct due diligence on Sydney Airport Holdings Pty Ltd, after sweetening its takeover provide to A$23.6 billion ($17.four billion).

As US President Joe Biden assesses whether to reappoint Federal Reserve Chair Jerome Powell and nominate as many as three others to the central bank’s powerful board, he has the opportunity to revamp a leadership team long criticized for being too white and too male. 

Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in  “the unruly growth” of the tech giants.

British businesses demanded that finance minister Rishi Sunak stop raising their taxes and instead offer more help to meet the challenges of Brexit, Covid-19 and climate change when he makes major budget statements next month.

The British government announced on Monday the biggest auction round of its renewable energy scheme, hoping to build up enough extra offshore wind capacity to power about 8 million homes.