Oil prices were roughly unchanged on Monday as concerns about global macroeconomic headwinds and possible further interest rate hikes from the US Federal Reserve offset forecasts of tighter supplies amid OPEC+ cuts.

The hefty carbon footprint of global shipping networks that crisscross our oceans and keep the world’s economy afloat will come under scrutiny next week, as countries wrestle over measures to slash planet-heating pollution.

India’s goods and services tax (GST) collections rose nearly 12 per cent year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday.

US-China tensions over semiconductors began with the Trump administration’s trade war and have ratcheted up under President Joe Biden’s leadership as Washington looks to undercut Beijing’s efforts to build its high-tech industry.

Eurozone inflation eased further in June as energy prices fell but those of food and drinks remained elevated, official data showed Friday.

Apple Inc’s stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets.

Sri Lanka’s inflation eased to 12 percent in June, official data showed Saturday, the lowest figures since the island nation careened into an unprecedented economic crisis last year.

China’s factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday, adding pressure for authorities to do more to shore up growth as demand falters at home and abroad.

India’s Defence Secretary Giridhar Aramane met Myanmar’s senior leadership, including the defence minister, and discussed a number of issues including maintenance of tranquillity in border areas, illegal trans-border movement, drug trafficking, and smuggling

Violent protests broke out in France in the early hours of Thursday as anger grows over the police killing of a teenager, with security forces arresting 150 people in the chaos that saw balaclava-clad protesters burning cars and setting off fireworks

The US dollar’s protracted smile is making China and Japan uncomfortable.

Japan is leaning towards extending support measures for gas and electricity bills set to expire at the end of September, three government and ruling party sources with knowledge of the matter told Reuters on Tuesday, aiming to underpin a fragile economy.

The dollar rose to a seven-month high against the yen on Tuesday before paring its gains, with investors on the look-out for possible intervention by Japan to boost the ailing currency.

Orders of big-ticket manufactured items continued to defy expectations to rise again in May, fueled by a sharp jump in orders for transportation equipment, according to US government data released Tuesday.

Germany, France and Italy said Monday they would cooperate more closely on the procurement of raw materials as Europe seeks to reduce its reliance on imports from countries such as China.

New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy.

Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the support of Wall Street’s finest.

Chinese Premier Li Qiang slammed efforts in the West to  “de-risk” their economies as a  “false proposition” on Tuesday, hitting back against US and EU policy aimed at reducing their reliance on China.

The world’s top central banks may need longer to get inflation back down to target and a fresh bout of financial turbulence could make the process even more protracted, the International Monetary Funds second-in-command said on Monday.

German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe’s largest economy faces an uphill battle to shake off recession.