The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from US companies so that it can service existing customers, two sources familiar with the situation said.

The face of entertainment is fast changing. There has been a continuous shift over the years in this medium.

A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift in global monetary policy since the depths of the financial crisis in 2009, analysts at Fitch Ratings said in a report on Friday.

The dollar recovered from early weakness against the safe-haven yen as better-than-expected US retail sales data on Thursday eased fears that the US economy could be headed for a recession.

Opec delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an Opec-led pact to curb supply.

Concerns over the health of the global economy, marked by the US-China trade dispute, forced the International Energy Agency on Friday to lower its growth forecast for oil demand for 2019 and 2020.

Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection programme with new debt, a senior government official said.

Apple lost more ground in the shrinking smartphone market last quarter, with a sales tracker saying the tech giant was pushed off the top-three seller list by a Chinese rival.

Russia’s top gas producer Gazprom and a raft of other major firms have added to calls for the banking sector to use domestic ratings in implementing new financial regulations, saying this would ease pressure on banks and cut lending rates.

Indonesia’s trade minister Friday threatened to impose higher tariffs on EU dairy imports in response to the bloc’s proposed move to hit biodiesel made from palm oil with anti-subsidy duties.

Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge of recession and sending the pound tumbling to a 2.5-year low.

President Donald Trump cast more doubt on chances for a trade deal with Beijing on Friday, signaling he might cancel talks set for September amid an intensifying US-China trade war.

China’s economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned Friday.

Indian farmers have planted 87 million hectares with summer-sown crops so far, farm ministry data showed on Friday, down 5.3 percent from last year, narrowing the sowing gap as monsoon rains picked up from the previous week.

Adidas celebrated its 70th anniversary on Friday with appearances at its Bavaria campus by sponsored athletes such as tennis veteran Stan Smith and German soccer legend Philipp Lahm, as well as celebrity partners like Pharrell Williams.

Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as US trade restrictions imposed in May threaten to cut the Chinese firm’s access to US technologies such as Android.

Signs of further escalation of the US-China trade war and weak UK economic data weighed on global markets on Friday, capping a volatile week that has pushed gold to its highest level in six years.

As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on US consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released.

The US Food and Drug Administration has told four companies to remove 44 of their flavored e-liquid and hookah tobacco products that do not have the required approval for sale in the US, the agency said on Thursday.

Beijing on Thursday said US rules banning technology giant Huawei and other Chinese firms from government contracts amounted to “abuse of state power” amid an escalating China-US trade war.