Russian economy will not return to pre-war levels until 2030 – Scope

BERLIN – Russia’s economy is not likely to return to pre–war levels before the end of this decade as the Ukraine war

Norway to help ease the power price pain for businesses

OSLO – Norway‘s government on Friday presented a long-awaited package of loans and subsidies to reduce the impact of sky-high power prices

EU regulator backs wider use of AstraZeneca COVID therapy

LONDON – Europe’s medicines regulator has backed using AstraZeneca‘s preventative COVID-19 therapy as a treatment for the disease and also endorsed another

Pound falls to 37-year low as poor retail sales lift economic woes

LONDON – The pound on Friday tumbled to a fresh 37-year low on the U.S. dollar, and a 17-month trough on the

Sri Lanka’s economy shrinks 8.4% amid fertilizer, fuel shortages

COLOMBO – Sri Lanka’s economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines

Japan PM’s support tumbles as anger over state funeral grows

TOKYO – Support for Japanese Prime Minister Fumio Kishida tumbled to its lowest level since he took office, hit by growing anger

IMF sees further global economic slowdown in third quarter

WASHINGTON – Downside risks continue to dominate the global economic outlook and some countries are expected to slip into recession in 2023,

EU lawmakers condemn China’s live-fire exercises in Taiwan Strait

BRUSSELS – Members of the European Parliament backed a resolution on Thursday that condemned China’s live–fire military exercises in the Taiwan Strait

China’s retail, factory sectors unexpectedly perk up in August

BEIJING – China’s economy showed surprising resilience in August, with an unexpected pickup in factory output and retail sales growth shoring up

Uber says responding to ‘cybersecurity incident’ after report of network breach

Uber Technologies Inc. said on Thursday it is responding to a cybersecurity incident, after a media report that its network was breached