BUSINESS

India's dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures, encouraging firms to hire at the quickest pace in more than 14 years, a private survey showed.

Indonesia's government expects inflation to stay above the central bank's target, forecasting an increase to between 6.6% and 6.8% this year after it raised fuel prices but said the measure would have minimal impact on economic growth.

European Central Bank policymakers meeting on Thursday have a choice between a big 50 basis point interest rate hike, or an even bigger one to contain record high inflation.

Major investment houses have cut their yuan forecasts as its fall against the dollar accelerates, with some expecting a breach of the 7-per-dollar milestone before next month's politically sensitive Party Congress despite authorities' efforts to slow the slide.

Thailand's headline inflation rate in August rose slightly from the previous month to a 14-year high, in line with forecast and reinforcing expectations of a further interest rate hike later this month.

Turkey's inflation stays at 80% in boost to Erdogan

There were 1,045,222 winners that shared the £6,230,632 total prize fund.

Australian house prices will fall sharply this year and next as rising mortgage rates and cost of living pressures drag on demand, a Reuters poll found, but for many people buying a home will still remain far out of reach.

Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers.

British foreign minister Liz Truss said on Sunday she would set out immediate action in her first week in power to tackle rising energy bills and increase energy supplies if she is, as expected, appointed prime minister.

A New York City agency overseeing workplace affairs said on Friday it sued Starbucks Corp because the coffee chain illegally fired a longtime barista and union organizer shortly after employees in his store voted to join a union.

The German economy is on track to contract for three consecutive quarters starting from this one, according to a Reuters poll of economists, following a dramatic spike in gas prices after Russia slashed deliveries to Europe.

The pace and scale of interest rate hikes delivered by central banks across developed and emerging markets slowed in August as policy makers reassessed the trajectory for inflation and energy prices.

U.S. stock index futures jumped on Friday after data showed stronger-than-expected jobs growth in August but cooling wage increases and a rise in unemployment rate that eased some concerns about inflation.

Finance bosses are offering more incentives, including free meals, ping pong and "contemplative spaces" as they battle to get staff back to the office, while concerns about the cost and value of commuting to work weigh on attendance worldwide.

Factories in Europe's energy-intensive ceramics industry are changing shift patterns and upgrading their furnaces as companies seek to survive an eye-watering rise in costs.

Pilots at Lufthansa went on strike on Friday, forcing the German airline to cancel hundreds of flights, stranding holidaymakers.

Fund managers are cutting their holdings in Chinese property bonds by half or even more as the sector lurches from crisis to crisis and blows a deep hole in asset managers' performance.

Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model.

Britain's antitrust regulator said Microsoft Corp's $69 billion acquisition of "Call of Duty" maker Activision Blizzard could harm competition in gaming consoles, subscription services and cloud gaming, and it needs to be investigated in depth.

U.S. manufacturing grew steadily in August but factory activity in China, the euro zone and Britain fell as Russia's war in Ukraine and China's zero COVID-19 curbs continued to hurt businesses.

Europe's wealthiest nations face rising risks of civil unrest over the winter, including street protests and demonstrations, due to high energy prices and mounting costs of living, according to a risk consultancy firm.

The co-founder and chief investment officer of a prominent London hedge fund was charged on Thursday with fraudulently manipulating the U.S. dollar-South African rand exchange rate.

Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey showed on Thursday, providing more evidence of the growing risk of recession.

British businesses have increasingly high expectations for inflation and wage costs over the coming year, according to a Bank of England survey which is likely to boost policymakers' concerns that it will be hard to get inflation back to target.

After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyundai Motor and Kia are the automakers with the most to lose from new rules that halt subsidies for EVs made outside North America.

India's lower-than-expected economic growth in April-June is unlikely to alter the course for the Reserve Bank of India that is anchored to taming inflation with more rate hikes, analysts said.

In less than two years at the helm of Citigroup Inc, Jane Fraser has unveiled plans to exit Russia in a bid to pare down risky assets and cull consumer businesses in 13 other countries to focus on multinational companies and the wealthy.

Pernod Ricard reported forecast-beating annual results on Thursday, helped by price increases as the French spirits group benefited, like its rival Diageo, from drinkers trading up to more expensive spirits.