Reuters

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.

Mexican housing must become denser and better planned to provide adequate living options to lower-income parts of the population, according to a new study, which said the country's current residential construction was largely unregulated.

The first stress tests to assess banks' exposure to the risks of climate change are underestimating the worst-case scenario, the European Central Bank and Bank of England have said, underscoring the challenge of making such exercises more useful.

India's central bank is unlikely to give "shadow banks" exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks.

Rosmah Mansor, the former first lady of Malaysia, amassed hundreds of expensive Hermes Birkin handbags and diamond jewellery when her husband Najib Razak was prime minister.

More farm equipment dealers are going out of business, leaving a handful of companies with control of a large swathe of the market and greater ability to set prices for selling and repairing equipment, according to interviews with farmers, equipment dealers and analysts.

South Korea's national security adviser said on Thursday the United States has promised to review the impact of its new rules on subsidies for electric vehicles following concern they could hurt South Korean automakers, Yonhap news agency reported.

Persistent weakness last month in China's property market and manufacturing sector, which combined account for half of the country's gross domestic product, renews risks to its recovery already threatened by disruptions from widespread COVID curbs.

Former President Donald Trump's legal team will square off against the U.S.

Canada's Conservatives next month look set to embrace a career politician who has promised to fire the central bank governor and promoted bitcoin as an inflation hedge to become its fourth leader since 2020.

The owner of McDonald's former restaurants in Russia has offered up to 151 million euros ($151 million) to buy Finnish packaging firm Huhtamaki's local business, adding to his burgeoning empire, documents seen by Reuters showed.

The main European stocks index skidded to its lowest in seven weeks in a rough start to September on deepening worries about aggressive rate hikes and record-high inflation in the region.

The European Union's markets watchdog said on Thursday it was on red alert for contagion after inflation stoked by Russia's invasion of Ukraine has threatened markets' ability to function in an orderly way.

Southern Pakistan braced for more flooding on Thursday as a surge of water flowed down the Indus river, compounding the devastation in a country a third of which is already inundated by a disaster blamed on climate change.

China has been simulating attacks on U.S. Navy ships and is aiming to prevent foreign forces from coming to Taiwan's aid in the event of a war, Taiwan's defence ministry said in a strongly worded report raising the alarm on Beijing's military designs.

The head of the International Committee of the Red Cross called on Thursday for all fighting near the Russian-controlled Zaporizhzhia power plant to stop, warning that little could be done to respond in the event of a major accident there.

One of Taiwan's richest men, Robert Tsao, said on Thursday he would provide T$1 billion ($33 million) to two civilian defence training programmes, in a private effort to strengthen the island's defences amid heightened tension with China.

Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage.

After a record heatwave parched large areas of the Yangtze basin, Chinese provinces are planning to spend billions of dollars on new water infrastructure as they try to fend off the growing impact of extreme weather on agriculture and hydropower.

Rio Tinto on Thursday reached an in-principle agreement to buy the rest of Canadian firm Turquoise Hill Resources for $3.3 billion, which gives the global miner direct ownership of a giant copper mine in Mongolia.

Planemaker Boeing Co expects Indian airlines to boost their capacity by at least 25% over the next year as demand rebounds quickly in the world's fastest-growing major market, an executive said on Thursday.

Indonesia's inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set to accelerate and more interest rate increases are likely amid expectation of a fuel price hike.

Pernod Ricard on Thursday posted a stronger-than-expected 19% organic rise in its full-year 2021/22 operating profit, driven by strong demand for its premium spirits in Europe, China and the United States and cost control.

Oil firms operating in Kurdistan have asked the United States to help defuse an upsurge in tension between Iraq's central government and the semi-autonomous region, according to a letter seen by Reuters and three sources.

On the still blue bottom of the Mediterranean Sea off the coast of north Lebanon, the crew of the specialised exploration submarine Pisces VI found their first corpse.

Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure.

Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the international lender said in a statement on Thursday.

Asian stocks slid and the dollar spiked on Thursday as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.

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.