German retail sales fell by far more than expected in July after two months of sharp increases, data showed on Wednesday, in a first sign that a consumer-driven recovery in Europe’s largest economy might be losing steam in the third quarter.

OPEC+ revised up its 2022 oil demand forecast ahead of a meeting of the oil producing group on Wednesday, amid US pressure to raise output more quickly to support the global economy.

Mexico’s economy will grow by 6.2 per cent this year after a deep pandemic-induced recession in 2020, the central bank predicted Tuesday, in the latest upgrade to its forecast.

Australia’s economy expanded more than expected in the second quarter, data showed Wednesday, easing concerns that the country could suffer a double-dip recession as it battles a fresh wave of Covid infections thanks to a pick-up in domestic demand.

China’s energy regulator has promised to learn from its mistakes and improve its planning and policy making after a central government inspection team said it had failed to meet state environmental protection requirements.

Canada’s economic recovery came to a surprise and screeching halt in the second quarter, casting a pall over snap elections called by Justin Trudeau to set a new post-pandemic course for the nation.

India’s economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20 per cent compared to a year earlier driven by a surge in manufacturing and higher consumer spending.

Fear of the fast spreading Delta variant of Covid-19 and rising prices undermined Americans’ confidence in August, according to a survey released Tuesday.

Chinese authorities have instructed an American Chamber of Commerce in the southwestern city of Chengdu to cease operations, officials with the organisation said on Tuesday.

The European Commission told the Czech Republic on Monday it would halt the payment of some EU subsidies until the country tightens its laws to guard against conflicts of interest.

China’s demand for spot crude appears to be recovering after nearly five months of slower purchases caused by a shortage of import quotas, drawdowns from high inventories and Covid-19 lockdowns that muted Chinese fuel consumption.

Algeria will make reforms to improve the business climate and attract investment, the presidency said on Monday, as the OPEC member seeks to reduce its reliance on oil.

Hong Kong’s leader doubled down on her zero-Covid strategy on Tuesday, brushing off growing pushback from the business community over the city’s indefinite international isolation.

South Korean MPs were expected to ban Apple and Google from forcing app developers to use the tech giants’ payment systems on Tuesday, effectively declaring their lucrative App Store and Play Store monopolies illegal.

Alphabet Inc’s Google unit, Facebook Inc and Microsoft Corp are the three biggest lobbying spenders in Europe in a battle against tough new laws aimed at curbing US tech giants’ powers, a study released on Tuesday showed.

China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth. 

France will turn off the fire-hose of aid to help businesses through the Covid-19 pandemic, instead directing funds where most needed, the government’s accounts chief said on Sunday.

China’s graft watchdog on Monday called for stricter supervision of restaurants that chase rapid success online after a series of food safety scandals, as regulators continue to ramp up pressure on social media and the tech sector.

World stocks hovered around record highs on Monday, confident the US Federal Reserve is no rush to step away from massive stimulus, while oil prices fell as Hurricane Ida weakened after forcing precautionary shutdowns of US Gulf oil production.

Australia’s economy was likely already slowing before wide-scale coronavirus restrictions shuttered swathes of business and jobs, setting the stage for a vicious contraction this quarter.