The Obama administration is nominating current World Bank President Jim Yong Kim for a second term leading the 189-nation international lending organization.
The on-demand car ride service Uber lost at least US$1.27 billion in the first half of this year, Bloomberg reported on Thursday, citing sources close to the matter.
Japanese inflation continued to disappoint in July, according to data released on Friday, with consumer prices dropping for a fifth straight month in the latest blow to Tokyo's faltering war on deflation.
The U.S. airline JetBlue will make the first regular commercial flight between the United States and Cuba in more than half a century next Wednesday, the Cuban authorities said Thursday.
Amazon is starting a site offering research, reviews and other information on new and used cars.
There was little sign of Brexit uncertainty in a monthly survey of German consumers on Friday, with the public's mood almost unchanged in August compared with July.
Britain's economic growth picked up speed in the second quarter, official data confirmed Friday, but economists expressed concern about the longer-term impact of Brexit.
A top Chinese think tank says it is now imperative for China and ASEAN member countries to speed up Regional Comprehensive Economic Partnership negotiations in order to upgrade economic relations to the next level.
The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more.
If US Federal Reserve chief Janet Yellen chooses to use her closely watched address on Friday to clear the air, she will have plenty of clearing to do.