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China urges France to 'halt' fast-fashion law, warns of countermeasures

Beijing urged France on Thursday to abandon its recently implemented law on ultra-fast fashion, lambasting the new measure targeting Chinese firms including Shein and Temu as "clearly discriminatory".

"China urges France to immediately halt the implementation of the anti-ultra-fast fashion law," commerce ministry spokeswoman Huang Ling said at a news conference.

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Central bank says new audit to scrutinize transactions for graft

Lebanon's central bank said Wednesday that an outside firm had begun a forensic audit into past transactions linked to its foreign assets, scrutinizing them for evidence of graft in the wake of the country's economic collapse.

The move is part of measures the institution has taken to improve oversight, steps that have also resulted in the arrest of the body's former governor, Riad Salameh.

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Italy has started exporting delicacy prized abroad, reviled at home

Italian fishermen for two years incinerated most of the invasive Atlantic blue crabs caught in the Po River Delta south of Venice. Few Italians had an appetite for the alien predator blamed for decimating their prized Manila clams.

While experiments in containment continue, including the release of tens of thousands of octopus predators, the industry's response has been shifting to find new markets for the crustaceans. The strategy is already salvaging the livelihood of some fishermen and, some hope, may even rehabilitate the much-maligned crab's image in Italy.

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Bessent says 19 ministers agreed to address 'cheap exports' but China dissented

Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 had agreed to address streams of "cheap exports" that cause global economic imbalances, but said China had dissented.

Bessent made his comments at the end of a two-day meeting with finance ministers and central bankers where he tried to focus on growth, telling reporters he had urged some of his G20 counterparts to take a page from the Trump administration's playbook of using tariffs and other measures to crack down on trade imbalances.

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German companies under pressure as China challenges them at their own game

The heart of the German economy is making and exporting the big-ticket, complex goods that make global business run: everything from cars and locomotives to factory machinery, aircraft and construction equipment.

That model for growth is under serious pressure from a new competitor whose exports can often match or approach Germany's in quality and sell for far less: China.

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EU economy chief says it's not time to 'normalize' Russia presence at G20

EU economy chief Valdis Dombrovskis said Tuesday that it is not the time to "normalize" Moscow's presence at G20 meetings, as European leaders pushed back against the Russian finance minister's attendance at finance leaders' talks.

"I think the European position is known," Dombrovskis told reporters on the sidelines of the US-hosted gathering in Asheville, North Carolina. "We do not think now is the time to normalize Russia" or its presence at such talks.

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Eurozone inflation hits three-year high at 3.3% in August

Eurozone inflation jumped to 3.3 percent in August, the highest level in three years, as the war in the Middle East kept pushing up energy costs, official data showed Tuesday.

Well above the European Central Bank's two-percent target, the figure provided by the statistical office of the European Union was up sharply from 2.9 percent in July and in line with forecasts by analysts for Bloomberg.

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Oil prices rise and stocks waver as Middle East violence flares, adding to uncertainty

Oil prices climbed further and Asian shares were mixed Tuesday as recurring violence in the Iran war after more than a month with no significant fighting heightened uncertainty over the future of the conflict.

Shares in online fast-fashion retailer Shein fell as much as 10% after they began trading in Hong Kong on Tuesday. By midday they were 5% lower.

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Japanese automakers Nissan and Honda agree to work together on software for cars

Japanese automakers Nissan and Honda entered a deal to jointly develop computer parts and software for vehicles set to enter the market in fiscal 2029, both sides said Monday.

Under the deal, Nissan, based in the port city of Yokohama, and Tokyo-based Honda will share standardized parts in "core ECUs," or electronic control units, as well as software.

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World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon.

In early European trading, Germany's DAX lost 0.9% to 26,339.04, while the CAC 40 in Paris edged 0.1% lower, to 8,390.43. Markets in Britain were closed for a bank holiday.

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