Chancellor Angela Merkel has steered Germany through many crises over the past 16 years, but she has also left behind a mixed legacy and failed to tackle some deep structural problems in Europe’s largest economy.

Britain’s economic bounce-back after coronavirus lockdowns is being hampered by problems in supply chains, a jump in inflation and the risk of a rise in unemployment, complicating the task for policymakers of steering the recovery.

OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said on Monday, despite consumer pressure for more supply to cool a red hot market.

Regardless of whether IMF chief Kristalina Georgieva was to blame for changes to World Bank data in 2017 that benefited China, the scandal has dented the research reputations of both institutions, former staff, government officials and outside experts say.

Higher energy prices are fanning inflation in several emerging markets, testing the resolve of their central banks and risking stymieing growth in Hungary, Poland and the Czech Republic and more currency weakness in Turkey, analysts say.

China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead.

Britain’s finance minister admitted Monday that ending a pandemic furlough scheme that kept millions employed would mean job losses as the government was set to announce new support for workers.

Gas stations in London and southeast England continue to suffer a lack of fuel although the situation has improved in northern England and Scotland, the Petrol Retailers Association (PRA) said on Saturday.

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above $80 per barrel.

Global stock markets seesawed on Friday at the end of a tumultuous week marked by concerns about soaring inflation and a possible US debt default.

Britain’s economy performed better than previously thought in the second quarter, as households spent more and saved less as a result of easing lockdown restrictions, official data showed Thursday.

Charity food banks in Britain are  “preparing for the worst” as the government starts winding up emergency aid measures put in place to cushion the coronavirus pandemic’s impact on millions of workers and low-income households.

Oil prices jumped above $80 this week for the first time in almost three years, handing a major boost to producers -- but fuelling more inflationary pain for consumers, analysts say.

Bangladesh needs to maintain higher human rights and environmental standards in production to keep trading with Germany as the European nation is going to adopt a new due diligent laws from 2023, said business leaders yesterday.

Britain will begin talks on Tuesday with the 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to join the pact it regards as important part of its future post-Brexit trade plans.

The purse strings have been loosened and will stay that way, no matter who heads Germany’s new government. That’s the verdict from investors who see potential gains for segments such as green finance alongside modestly higher bond yields.

The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to a report published on Tuesday.

European stock market listings have come back with a bang after the summer lull but blank cheque firms are nowhere to be seen.

Up to 90 per cent of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis triggered by a shortage of truckers that retailers are warning could batter the world’s fifth-largest economy.

Britain will issue up to 10,500 temporary work visas to lorry drivers and poultry workers to ease chronic staff shortages, the government announced Saturday, in a U-turn on post-Brexit immigration policy.