The Reserve Bank of India (RBI) is likely to hold repo rate steady by maintaining status quo. Watch this video to know more.

India: RBI likely to hold repo rate steady

Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022.

Russia sees oil output rising after OPEC+ deal

US securities regulators charged BMW with inflating its retail sales volumes to investors, fining the luxury car company $18 million in a settlement.

BMW fined $18 Mn in US over inflated sales data

Japan's factory activity extended declines in September largely due to a sharper fall in output, as the world's third-largest economy struggles to stage a robust recovery from the coronavirus pandemic.

World's third-largest economy struggles to recover

Argentina’s economy has contracted a record 19.1% in the second quarter versus the same period a year earlier as the coronavirus pandemic crippled production and demand.

Argentina economic woes: Record 19.1% GDP contraction

Deutsche Bank plans to shutter one in five branches in Germany as it seeks to save costs and capitalise on the changing habits of customers during the coronavirus pandemic, an executive said.

Deutsche bank to shut 20% German branches

Google Playstore has removed the payments app 'Paytm' for alleged "unregulated gambling”. Paytm said its users' money is "completely safe". Watch report.

Google removes Paytm app from Playstore due to guidelines violation

As COVID-19 grounds swaths of airline fleets, companies that profit off the dismantling and trade of aircraft parts are seeing early signs of an expected rebound in activity as carriers accelerate plane retirements.

What happens to the grounded planes? Dismantling grounded planes for profit

A sudden increase in used plane parts supply

South Africa’s economy will likely contract this year by more than the 7% previously forecast by the Treasury.

South Africa's economy to shrink by more than 7% in 2020

European Central Bank President Christine Lagarde said that Euro zone governments must keep spending heavily to aid the bloc’s recovery from its historic pandemic-induced recession, complementing already super-easy monetary policy.

EU government's urged to spend heavily: ECB Chief shifts burden to govt on recovery

Communist-run Cuba will soon devalue the peso’s one-to-one exchange rate with the US dollar for the first time since the 1959 revolution, according to three sources who requested anonymity due to the sensitivity of the subject.

Cuba plans first official peso devaluation since 1959 revolution | Sources

France's economy has been pushed into a recession by the coronavirus crisis. However, the economy is bouncing back and there is a struggle in recovery.

France economy struggles to recover as hit by coronavirus pandemic

LVMH has moved to call off a $16 billion purchase of Tiffany & Co., which countered with a lawsuit to try to keep the deal on track. Watch report.

LVMH pulls out of mega-deal with Tiffany

France has accused the United States of seeking to avoid international talks to update cross-border taxation for the digital age and urged Europe to prepare an EU tax if the negotiations fail.

France says US blocking digital tax talks: Nearly 150 countries are negotiating tax

Tesla shed about $80 billion of its market value on Tuesday, an amount that overshadows the combined value of Feneral Motors Co & Ford Motor Co, after its surprise exclusion from S&P 500 index.

Tesla loses more than combined of Feneral & Ford Motor's value of GM

The Director-General of Civil Aviation on Sunday told the Supreme Court that all flight tickets booked by passengers in domestic and international airlines for travel between March 25 to May 3 this year will be ‘fully refunded’.

India: Flight tickets cancelled under Lockdown to be fully refunded

Shares in China's Semiconductor Manufacturing International Corp tumbled on Monday in response to reports of potential sanctions against the company from Washington.

Shares of China's SMIC plunge in Hong Kong, Shanghai on U.S. blacklist fears

According to Fitch Ratings, Chinese banks' profits will weaken more in the second half of 2020. The net profit of Chinese banks is down by 9.4% in January to June this year.

Fitch Ratings: Chinese banks’ profits will weaken more in the second half of 2020

SoftBank Group is exploring assembling a group of bidders for TikTok's assets in India. SoftBank Group has been looking for local partners. Watch this video to know more.

SoftBank Group may bid for TikTok's India assets

There is no sign of a health-economy trade-off. Countries with low GDP fall have less COVID-19 deaths. India's economy suffered its worst slump on record in April-June, with the gross domestic product (GDP) contracting by 23.9 per cent as the coronavirus-related lockdowns weighed on the already-declining consumer demand and investment.

Countries with low GDP fall have less COVID-19 deaths

Automobile manufactures look to restock their inventory channels. Sales are expected to rebound more near festive season in India.

India: Auto sales to rebound more near festivals

The Danish government on Monday proposed significantly boosting state spending next year, including creating a $1.5 billion “war chest” to help its coronavirus-hit economy and secure access to a future vaccine.

Denmark plans $1.5 billion coronavirus 'war chest' in fiscal boost

Japan's factory activity contracted at the slowest pace in six months in August, reducing some of the heat on policymakers pressured to take more radical steps to prevent the economy from sliding deeper into recession.

Japan's August factory activity shrinks at slowest pace in 6 months

The S&P 500 and Nasdaq advanced on August 20, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve’s view of a difficult road to economic recovery.

US stocks outweighed downbeat data: Nasdaq composite added 1.06%

Facebook has confirmed that its executives including CEO Mark Zuckerberg are fielding questions from the US Federal Trade Commission (FDC).

FTC questions Facebook on business practices & prior acquisitions

Global tech giant Apple has become the first US company to reach 2 trillion dollars in terms of market capitalization, making it the most valuable company in the world.

Apple's valuation now 10% of US GDP

Uber Technologies said it would continue operating its revenue-generating food delivery business Uber Eats even if its ride-hail business should be forced shut in California at the end of this week following a court order.

California: Uber to continue food delivery services despite rides business forced shut

Qatar is expecting the economy to contract this year after it shrank by 0.3% last year. Watch report.

Saudi Arabia faces 6.8% contraction: Qatar economy to contract

Asia's second-largest economy has been hit by the biggest economic contraction in the second quarter. The economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic.

COVID-19 pandemic crushes business, consumer spending in Japan

Israel’s economy shrank by 28.7% in the second quarter, hit hard by the COVID-19 pandemic that has led to mass job losses and weaker consumer spending, trade and investment.

COVID-19 pandemic: Israel economy shrinks in second quarter

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