Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns over US supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand.

World Business Watch: Global oil price climbs to one-week high on US supply concerns

Indian industry body Assocham said that there are signs of improved consumer confidence in several key sectors, including hospitality, of the economy.

World Business Watch: Indian consumer confidence showing signs of pick up in Q2 says Assocham

The United Kingdom is set to see a sharp slowdown in economic growth as the mounting supply chain crisis and staff shortages threaten to derail Britain’s recovery, according to a major business group.

World Business Watch: UK supply chain crisis threatens to derail recovery

In Germany, the government's anti-money laundering agency german prosecutors have raided finance and justice ministries.

World Business Watch: In money laundering probe German Finance Ministry raided

British employers are going through essentially the most extreme shortage of job candidates on record as a result of overall to put up lockdown search within the financial system and Brexit.

World Business Watch: UK employers face worst shortage of job candidates on record

The US Federal Aviation Administration (FAA) barred Virgin Galactic from flying its SpaceShipTwo until the agency approves its final mishap investigation report from its July flight or determines the issues do not affect public safety.

World Business Watch: Virgin galactic space flights grounded over 'mishap'

Ireland's privacy watchdog has fined WhatsApp a record $267 million after an investigation found it breached stringent European Union data protection rules on transparency about sharing people's data with other Facebook companies.

World Business Watch: Irish watchdog fines WhatsApp $267 mn after EU privacy probe

Hyundai's Genesis is the latest carmaker that it would phase out all gas-powered cars by the end of the decade. The company announced that its luxury vehicles debuting 2025 onwards will run on fuel cells and batteries.

World Business Watch: Hyundai's luxury brand Genesis to be all-electric by 2030

Brazil's economy has contracted by 0.1 percent in the second quarter. The setback for the country's economy came as a serious second wave of COVID-19 infections triggered restrictions in major cities during April and May.

World Business Watch: Brazil's economy down by 0.1% in second quarter

The global ban and travel ban have dented business in China's gambling hub Macau which is one of its kind recreational centre in Asia as well.

World Business Watch: COVID-19 hits China's gambling hub, business remains muted in casinos

Auto sales have remained a mixed bag in the month of August in India, with some automakers suffering from chip shortages. Maruti Suzuki has registered total sales of over 130,000 units in the previous month.

World Business Watch: India's August auto sales skid on chip shortage, firms await festival season

As coronavirus lockdowns weighed more on supply than demand, Australian home prices rose at the fastest annual pace since August 1989, though months of blistering gains are increasingly putting housing beyond the reach of many.

World Business Watch: Australia housing sales defies delta, boasts best year 1989

The world’s biggest companies are back to their pre-pandemic levels of confidence in the global economy’s prospects and most expect to make acquisitions to boost growth, as per a KPMG survey.

World Business Watch: KPMG survey shows CEOs back to pre-pandemic levels of confidence

The recovery of global economies worldwide is facing a host of challenges and has been uneven. How developing nations are looking at economic recovery? What's in store for the future? WION's Sumit Chaturvedi talks to Ms. Busi Mabuza, Chair, BRICS Business Council for more perspective.

World Business Watch: How developing nations are looking at global economic recovery?

South Korea has become the first country in the world to ban big tech firms' payment policies, forcing developers to only use their proprietary billing systems. The country has passed the 'Anti-Google law' bill.

World Business Watch: South Korea bans app payment monopolies by Apple, Google in world first

As production contracted for the first time in 12 months and slowed demand due to rising COVID-19 infections, South Korea's factory activity has slowed in August, also impacted by the supply chain disruptions across the region.

World Business Watch: South Korea's factory activity growth slows as output shrinks

Despite fresh all-time highs on Wall Street, Asian stock markets opened lower today, as worries about China's slowing economic growth and regulatory changes weighed on investor sentiments. WION's Sumit Chaturvedi talks to Margaret Yang Yan, DailyFX strategist for more perspective.

World Business Watch: Fresh all time highs on wall street registered

By the 1970s, nearly all petrol produced around the world contained lead. Now, the last country to use it, Algeria, has finally stopped selling it at petrol stations. With this, the use of leaded petrol has come to an end.

World Business Watch: Algeria ends leaded fuel sales at petrol stations

All eyes are on India's April to June or Q1 GDP data figures that will be out today (August 31). During this period though India was hit by the severe second COVID-19 wave.

World Business Watch: India is set to post record fiscal first-quarter GDP

Qantas Airways is preparing for international travel with countries with high vaccine rates to resume in December, sending shares higher, as it reported a narrower annual loss of $1.26 billion.

World Business Watch: Qantas aims for international travel from December as loss narrows

British car output fell to its lowest July level since 1956 as a global shortage of semi-conductor chips and staff having to self-isolate due to COVID-19 hit the sector.

World Business Watch: British car output fell to lowest July level since 1956

The world economy is facing a supply chain problem that is more severe in countries like the UK where the surging delta variant has disturbed logistics.

World Business Watch: The world economy’s supply chain problem keeps getting worse

The US government said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to "raise the bar on cybersecurity."

World Business Watch: US to work with Big Tech, finance sector on new cybersecurity guidelines

US officials have approved license applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business.

World Business Watch: US approves licenses for Huawei to buy auto chips

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