The U.N. trade body has sounded an alarm that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal.

Jan Hoffmann, a trade expert at the United Nations Conference on Trade and Development known as UNCTAD, warned that shipping costs have already surged and energy and food costs are being affected, raising inflation risks.

Protesting farmers shut down long stretches of some of France's major highways again on Friday, using their tractors to block and slow traffic and squeeze the government ever more tightly to cede to their demands that growing and rearing food should be made easier and more lucrative.

Their spreading movement for better renumeration for their produce, less red tape and lower costs, and protection against cheap imports is increasingly becoming a major crisis for the government, with echoes of the 2018-2019 yellow vest demonstrations against economic injustice that rocked the first term of President Emmanuel Macron and lastingly dented his popularity.

China's leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world's second-largest economy.

The moves to support lending and spending with billions of dollars of fresh cash gathered pace when the central bank cut bank reserve requirements and issued new rules to encourage banks to lend more to property companies.

The U.S. and U.K. have imposed sanctions on four leaders of Yemen's Houthi rebel group who have supported the militant group's recent attacks on vessels in the Red Sea and Gulf of Aden.

Houthi leaders Mohamed al-Atifi, Muhammad Fadl Abd al-Nabi, Muhammad Ali al-Qadiri and Muhammad Ahmad al-Talibi are all accused of assisting or sponsoring acts of terrorism, according to U.S. Treasury.

Thousands of Indians flocked to a recruitment center on Thursday for jobs that would take them to Israel despite the three-month Israeli-Hamas war that is devastating Gaza and threatening to ignite the wider Middle East.

Many among the crowd of men, mostly skilled construction workers and laborers, said they would take their chances in a country embroiled in war as they are struggling to find jobs in India, where unemployment remains high despite a swelling economy.

Turkey's central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December.

The bank brought its benchmark rate to 45%. It's the eighth interest rate hike since President Recep Tayyip Erdogan has abandoned his unconventional economic policies that economists say helped trigger a currency crisis and drove up the cost of living. Many households were left struggling to afford basic goods.

The European Central Bank left its key interest rate untouched at a record-high 4% on Thursday, keeping credit expensive for businesses and consumers as it tries to make sure inflation is firmly under control before cutting borrowing costs — a move expected later this year.

The question is, how much later this year. Financial markets are expecting a rate cut as early as April, while ECB President Christine Lagarde has indicated it likely would happen this summer.

U.S. economic growth was stronger than expected in the final months of 2023, government data showed Thursday, capping a resilient year as President Joe Biden's reelection campaign picks up pace.

The world's biggest economy expanded 3.3 percent in the fourth quarter, boosted by a resilient jobs market and consumer spending, bringing full-year growth to 2.5 percent, said the Commerce Department.

China, the world's biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal.

China has been in "close communication with all parties concerned and making positive efforts to de-escalate" the situation in which Iran-backed Houthi rebels have attacked international ships with missiles, Foreign Ministry spokesperson Wang Wenbin said at a daily briefing on Wednesday.

Qatar's liquefied natural gas (LNG) deliveries may be delayed by attacks in the Red Sea, QatarEnergy warned on Wednesday, stressing that production had not been impacted.

The state-owned giant said "ongoing developments in the Red Sea area may impact the scheduling of some deliveries as they take alternative routes", adding that shipments "are being managed with our valued buyers".