Abhijit Banerjee, Esther Duflo and Michael Kremer have been jointly awarded the Nobel Prize in economics for their experimental approach to alleviating global poverty.

Eurozone industrial production ticked higher in August but economists warned the rebound was insufficient to stem a contraction during the third quarter.

Neptune Energy, the private equity-backed oil and gas company, has agreed a $250m deal for the UK and Norwegian North Sea assets of Italian utility Edison.

US private equity group Thoma Bravo has agreed to buy Sophos in a deal which values the British cyber security group at £3.1bn including net debt.

Superdry has extended Julian Dunkerton’s contract as chief executive until April 2021, as the UK retailer best known for its Japan-inspired graphics backs its co-founder to revive a business that suffered another profit warning in May.

Global stocks were mixed as Asia rose on the back of the US and China agreeing to a limited trade deal, while sterling and European shares slipped after two days of Brexit talks ended without a breakthrough.

The Ecuadorean government reached a deal with indigenous activists on Sunday night to end 11 days of violent protests, saying it would withdraw a presidential decree that scraps fuel subsidies and replace it with a new one.

Singapore’s economy avoided entering a technical recession in the third quarter, while the city-state’s de facto central bank nudged monetary policy lower in a bid to offset some of the impact of slowing global growth and the US-China trade war.

Banks unofficially kick off earnings season, EU leaders gather for a summit ahead of the Brexit deadline and the World Bank and IMF kick off their annual meeting. Updates on the health of the world’s two largest economies round out a busy week.

Fox News anchor Shepard Smith, a frequent critic of US President Donald Trump, on Friday announced that he was stepping down effective immediately from the network after 23 years.

The US Securities and Exchange Commission has sued Telegram, the encrypted instant messaging and voice app, alleging its $1.7bn token offering had broken federal securities laws.

Five companies, led by Mastercard, Visa and eBay, pulled out of Facebook’s planned digital currency Libra on Friday, following sustained political pressure and just days before the project’s backers are due to meet for their first board meeting.

US stocks trimmed their gains late in the session as the Trump administration announced it had agreed a limited deal on trade with China.

Iran said one of its oil tankers had been hit by missiles near Saudi Arabia’s port city of Jeddah, causing an oil spill and reigniting concerns about maritime security in the Gulf.

The UK has been pressed to join the US government in imposing sanctions on South Africa’s Guptas, the business family at the centre of corruption allegations against former president Jacob Zuma.

Breaking up is hard to do but IAC is doing it anyway. The media and internet holding company said on Friday it is pushing ahead with its plans to spin-off dating company Match Group and has presented a proposal to the company’s board.

Silvio Berlusconi’s Mediaset has suffered a blow to its plan to create a pan-European broadcaster after a Spanish court halted the merger of its Italian and Spanish businesses.

Sterling and UK assets shot higher as a burst of optimism that a Brexit deal with the EU is still possible swept through markets.

Sirius Minerals shares, which were hit last month after the UK potash miner pulled a $500m bond sale, rallied almost 10 per cent following its announcement of a supply and distribution agreement with a fertiliser company owned by the Qatar state.

Citigroup has named Douglas Adams and James Fleming its new global co-heads of equity capital markets (ECM), the unit that helps companies raise money on public stock exchanges, according to a memo seen by the Financial Times.

Hugo Boss shares slumped to the lowest level in almost a decade after the German fashion house warned on profits for the second time in as many months, blaming “persistent macroeconomic uncertainties” and the political unrest in Hong Kong.

Russian president Vladimir Putin has warned that the Turkish invasion of northern Syria could result in the freeing of thousands of captured Isis fighters, and suggested Moscow could use its own security services to respond.

BP will take an impairment charge of up to $3bn after the energy major agreed to sell a parcel of US assets for a value lower than it had on its books.

Nike said it will shut down the Oregon Project, the athletics training programme funded by the US sportswear giant, following a doping scandal that has engulfed the company.