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.

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.

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.

Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a November 4 meeting of major crude producers that could increase future production targets.

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.

At the UN climate conference, expect one theme to drown out the cacophony of pledges from countries and companies around the world: money.

After years of negotiations, G20 leaders on Saturday endorsed an historic deal aimed at ending tax havens, although some developing countries complain it still falls short.

US President Joe Biden on Saturday will urge major G20 energy producing countries with spare capacity to boost production to ensure a stronger global economic recovery, a senior administration official said ahead of a summit.

Leaders of the world’s 20 biggest economies (G20) will endorse an OECD deal on a global minimum corporate tax of 15 per cent, draft conclusions of the two-day G20 summit showed on Saturday, with a view to having the rules in force in 2023.

The IMF is narrowing its push for debt-for-climate swaps to focus on countries without major debt issues and has dropped plans to release a joint proposal with the World Bank before next week’s UN climate conference, according to sources familiar with the matter.

US and European stock markets mostly retreated on Friday, dragged down by disappointing earnings from Apple and Amazon, with additional pressure coming from news of rising eurozone inflation.

Short-dated euro zone bond yields jumped and long-term inflation expectations were at a new seven-year high on Thursday, putting pressure on European Central Bank officials to address the issue of rising inflation when they meet later in the day.

British finance minister Rishi Sunak overhauled business rates on Wednesday, cutting the rate for the pandemic-hit retail and hospitality sector, halting a planned annual increase and incentivising green property investments.

Shares around the world gained on Tuesday, with upbeat corporate earnings buoying European shares, though investor concerns lingered over supply chain problems sparked by the coronavirus pandemic.

Will the 1.5-degree Celsius target be alive by the COP26? This is the key question that has been floating around as we wait for the COP26, starting from October 31 in Glasgow, UK.

Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the US company, three sources said.

British finance minister Rishi Sunak plans a 5 billion pound ($6.9 billion) programme to fund health research and 3 billion pounds of extra funding for further education in next week’s budget, finance ministry officials said late on Saturday.

The recovery of the eurozone economy is losing steam, a closely watched survey said on Friday, with big supply chain problems at factories causing price hikes not seen in twenty years.

UK retail sales volumes dropped for a fifth month in a row during September, official data showed Friday, as the country suffers supply constraints and high prices.