OPEC+ says it will raise oil output target by just 100,000 bpd

A Reuters poll had expected a rate of 4.82%. June’s rate was 4.35%

Factories across US, Europe and Asia struggled for momentum in July

Price rises have lasted longer, but they have likely peaked

Industry group says shift likely to fuel inflationary pressures

US economic contraction fuels recession fears that could hit energy demand

“Recession is knocking on the door. That can no longer be ruled out,” said Ifo surveys head Klaus Wohlrabe

That would mark a milestone in China’s ambitions to climb up the manufacturing supply chain

Tie-up creates heavyweight, posing challenge to top player in Spain

New chief executive will take over from September 1