The sharply falling value of the Indian rupee vis-a-vis the US dollar will push up the country's crude oil import bill by about $16 billion in the 2018-19 financial year, officials said yesterday.

The rupee's plunge to a record low has worried a wide cross-section of India's society: companies, importers, those going on vacation and students planning to study overseas.

US private equity firm Blackstone Group LP is in talks to acquire a stake in the frequent-flier loyalty program of Jet Airways (India) Ltd, Bloomberg reported on Wednesday, citing people familiar with the matter.

Britain's inflation rate accelerated last month on higher transport costs, as workers' wages continued to lose purchase power, official data showed Wednesday.

China's state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the US deepens.

Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private.

Turkey on Wednesday said it was hiking tariffs on imports of several key US products in retaliation for American sanctions against Ankara, as a bitter dispute between the two allies that sent the Turkish lira into freefall showed no sign of ending.

Chinese oil importers are shying away from buying US crude as they fear Beijing's decision to exclude the commodity from its tariff list in a trade dispute between the world's biggest economies may only be temporary.

US retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.

Indonesia's central bank hiked interest rates Wednesday in a bid to shield the slumping rupiah from a selloff in emerging market currencies as Turkey's financial crisis roils global markets.

The Chinese economy is displaying further signs of weakness, with data Tuesday showing the pace of investment slumping to a record low in the first seven months of the year while retail sales growth slowed.

Germany has bounced back from an early 2018 slowdown, official data showed Tuesday, as the pace of growth accelerated despite the rumblings of a trade war that could trip up its export-led economy.

Britain's unemployment rate dropped to 4.0 percent in the second quarter to stay at the lowest level for 43 years, official data showed on Tuesday.

The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis.

President Nicolas Maduro announced that from now on Venezuela's dirt-cheap fuel will be available only to people with a special government aid card that the opposition has denounced as a tool for controlling people.

Misaki Harada wants to quit her job as a receptionist at a restaurant management company in Tokyo and move into marketing for an apparel maker.

US import prices were unchanged in July as a surge in the cost of fuels was offset by weak prices elsewhere, suggesting a strong dollar was keeping imported inflation pressures in check.

Euro zone growth was better than expected in the second quarter, flash estimates showed on Tuesday, in a sign that the negative effects of global trade tensions might be seen only later in the year.

France deems unacceptable a European Commission proposal to exclude French ports from a re-routing of a strategic trade corridor between Ireland and mainland Europe after Brexit, the government said.

Alaska fishermen are used to coping with fickle weather and wild ocean waves. Now they face a new challenge: the United States' trade war with China, which buys $1 billion in Alaskan fish annually, making it the state's top seafood export market.