DUBAI — Saudi Arabia’s gross domestic product rose by 11.8% in the second quarter compared with the same period in 2021, according to initial government estimates on Sunday, as the world’s top oil exporter benefits from higher energy prices. Read More
ODESA — Russia on Sunday invited United Nations and Red Cross experts to probe the deaths of dozens of Ukrainian prisoners held by Moscow-backed separatists, while Ukraine’s president ordered the evacuation of residents in the eastern region of Donetsk. Read More
Russian gas producer Gazprom said on Saturday it had stopped supplying neighboring Latvia with gas, accusing it of violating conditions for gas withdrawal. Read More
MILAN — Telecom Italia (TIM) has clinched an agreement with national trade unions to cut 2,100 jobs through an early retirement scheme as part of a wider cost-cutting plan to 2024, a document seen by Reuters showed. Read More
TAIPEI — Taiwan’s economy grew at its slowest pace in two years in the second quarter and performed slightly worse than expected, hit by supply chain woes and a domestic surge in COVID-19 cases. Read More
HAMBURG — Water levels on the Rhine in Germany have fallen again with vessels often sailing only half full and prices for cargo transport rising, commodity traders and shipbrokers said on Friday. Read More
SHANGHAI — Hong Kong stocks ended lower to post the biggest monthly drop in a year on Friday, pressured by sharp losses in major tech firms, which reignited investor worries over clampdown on the tech sector, while mainland China stocks also fell. Read More
LONDON — Shell has slashed its use of gas at Europe’s largest oil refinery, Rotterdam’s 404,000 barrel per day Pernis site, by 40% and at its German refineries by 70% in light of the continent’s natural gas crunch, CEO Ben van Beurden said on Thursday. Read More
LONDON — The British pound edged higher on Wednesday thanks to a broadly consolidating dollar but gains were capped by a fresh slate of weak data highlighting the problems facing the economy. Read More
FRANKFURT — Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season. Read More