For 10 years Fahad made a good living selling wedding gowns at his bridal shop in the Afghan capital, but since the Taliban rolled into town on August 15 he hasn’t sold a single dress.

The Italian government of Mario Draghi has opened an inquiry into the sale of a company making high-tech drones for the armed forces to Chinese state-owned investors three years ago, a source close to the matter said.

Oil prices fell on Friday after a weaker than expected US jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic. 

The engine of the US offshore energy production struggled to recover from Hurricane Ida on Friday as a lack of crews, power and fuel left most Gulf Coast oil and gas output offline five days after the storm passed. 

Activity in China’s services sector slumped into sharp contraction in August, a private survey showed on Friday, as restrictions to curb the Covid-19 Delta variant threatened to derail the recovery in the world’s second-biggest economy.

The Federated States of Micronesia will tap a US funding facility to construct a Pacific undersea communications cable, two sources told Reuters, after rejecting a Chinese company-led proposal that was deemed a security threat by US officials. 

India’s dominant services industry returned to growth in August, expanding at its fastest pace since the pandemic began, as businesses reopened amid improved vaccination rates, a survey showed on Friday, although firms continued to cut jobs. 

The United States added far fewer jobs than expected in August as businesses grappled with the Delta wave of Covid-19, a major disappointment and yet another complication for President Joe Biden’s plans to remake the world’s largest economy.

Philippine Airlines said Saturday it was filing for bankruptcy in the United States to slash $2 billion in debt as it tries to survive an industry gutted by the coronavirus pandemic.

Brazil’s economy performed worse than expected in the second quarter of 2021, contracting 0.1 per cent in the latest sign the Latin American giant’s pandemic recovery has lost steam.

Oil prices edged higher on Thursday, supported by a sharp decline in US crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of gradually increasing output.

Spain posted Thursday a record drop in jobless figures in August as the labour market was buoyed by recovery of the tourism sector thanks to a relaxation of pandemic restrictions.

US oil and gasoline firms strained to get offshore operations again up and operating on Thursday because the extent of Hurricane Ida’s damages grew to become extra obvious. 

US stock index futures inched higher on Thursday on hopes the Federal Reserve would maintain an accommodative policy amid signs that a broader economic recovery was slowing.

All-you-can-watch video products offered by Vodafone and Deutsche Telekom in Germany violated regional rules on roaming and net neutrality, the European Union’s highest court ruled on Thursday.

US officials are preparing a new antitrust lawsuit against Google over its power in the online advertising market,Bloomberg reported Wednesday.

India’s gasoline demand is set to hit a record this fiscal year, with consumption accelerating as more people hit the road for business and leisure travel after easing of Covid-19 curbs.

Beijing-based ByteDance, the owner of TikTok, said on Wednesday that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China’s tightening grip on the financial technology (fintech) sector.

The US trade deficit narrowed more than expected in July as imports declined likely because of shortages and a shift in domestic spending from goods to services.

Global stock markets rose Wednesday as investors digested upbeat survey data and weighed global recovery against the impact of the fast-spreading Delta Covid variant.