ADB says increased cost-of-living crisis is undermining progress towards ending poverty

US business activity hit by stagnation in August, with growth at its weakest since February

Output cuts largely negated by weakening demand from China

Boost long-term contracts with Qatar, US suppliers by nearly 50%

Anxiety grows over China’s worsening property crisis, its impact on economy

India’s annual retail inflation rose sharply to a 15-month high of 7.44% in July from 4.87% the previous month

Market concerned about global demand growth

It comes despite large drawdown in US crude stocks

Bank of Ireland fixes technical issue as social media posts prompt queues at ATMs

Brent crude futures fell $1.60 to $84.61, while US West Texas Intermediate crude fell $1.83 to $80.68