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High Inflation Looms over ECB Meeting

Rising eurozone inflation will provide the backdrop for the meeting of European Central Bank governors Thursday, with markets hoping for hints of when policymakers might start easing their massive pandemic-era stimulus.

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Activists Accuse German Firms over Uyghur Forced Labor

Rights activists said Monday they had filed a criminal complaint in Germany against five retailers including C&A, Lidl and Hugo Boss, accusing them of benefiting from forced labor among China's Uyghur population.

The European Center for Constitutional and Human Rights (ECCHR) said it had filed the case, which also targeted the two supermarket chains Aldi Nord and Aldi Sued, after carrying out an open source investigation.

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Chinese Star Cuts Ties with Swiss Watch Brand over Taiwan

Chinese singer and actor Lu Han, a former member of popular K-pop boy band EXO, said Sunday he would cut ties with Swiss luxury watch brand Audemars Piguet after its CEO referred to Taiwan as a country in an interview.

China, which claims Taiwan as its territory, objects to any reference to the self-governing island as a country. Under the one-country policy, other countries have diplomatic relations with either China or Taiwan, but not both.

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UAE Announces Plan to Invest in Economy, Liberalize Laws

The United Arab Emirates announced on Sunday a major plan to stimulate its economy and liberalize stringent residency rules for foreigners, as the country seeks to overhaul its finances and attract visitors and investment.

The nation's plan to lure foreign talent over the next decades reflects an emerging contrast with the other sheikhdoms of the Persian Gulf that are growing increasingly protectionist as they try to diversify their oil-bound economies.

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UAE Loosens Residency Requirements with 'Green Visa'

The UAE announced a new visa Sunday allowing foreigners to work in the country without being sponsored by an employer, loosening residency requirements in an attempt to boost economic growth.

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Syria 'Ready' to Help Lebanon with Gas, Electricity Transit

Syria has agreed to help crisis-hit Lebanon by letting gas and electricity transit through its territory, an official said, during the first high-level visit from Beirut to Damascus since Syria's civil war erupted.

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Worshippers Pray at Gas Station in Lebanon amid Fuel Crisis

Dozens of worshippers knelt in prayer Friday at the center of hundreds of cars and unruly motorists surrounding a gas station south of Beirut.

Sheikh Ali al-Hussein led the session to highlight the hardship suffered by people who could not leave their spots in line for gas during the worst economic crisis in Lebanon's history. So, he says, he brought the mosque to the people, who were queued up for five kilometers (three miles) near a station in Jiyeh.

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Global Stock Markets Mixed after Wall St Hits Another Record

Global stock markets were mixed Friday as investors waited to see whether U.S. hiring in August was weak enough to persuade the Federal Reserve to postpone the winding down of economic stimulus.

Tokyo advanced after Wall Street hit its second record this week. Shanghai and Hong Kong declined.

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China's Alibaba Promises $15.5B for Development Initiatives

E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping's campaign to spread China's prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party's political initiatives.

Alibaba said it will invest in 10 projects for job creation, "care for vulnerable groups" and technology innovation. Its 100 billion yuan ($15.5 billion) pledge includes 20 billion yuan ($12.5 billion) for a fund to "cut income inequality" in the company's home province of Zhejiang, south of Shanghai.

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German Carmakers Reject Environmental Groups' Climate Demand

German automaker Daimler on Friday dismissed a "cease and desist" demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030.

Lawyers for Greenpeace and the group Deutsche Umwelthilfe have threatened to sue Daimler, BMW and Volkswagen unless they sign a legal pledge not to put new gas-fueled vehicles onto the market from the end of this decade.

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