Short-time work: Germany resorts to well-proven tool again

The economic damage already done to Africa has been phenomenal and will set back all the leaps in development the continent has seen over the decades. Past the immediate threat of Covid 19 we speak to the OECD's Mario Pezzini about what needs to happen to salvage developmental progress.

Reported earnings from companies on the BRVM Stock Exchange have been largely mixed. Myriam Ouattara, Portfolio Manager at EDC Asset Management joins CNBC Africa to breakdown some of these results.

Ahead of announcing their multi-billion-euro recovery plan, the EU economic affairs commissioner said that firms in countries without national support available may receive EU aid. He also praised the Franco-German plan.

The need in Europe for tighter rules on US internet giants has become "urgent," says its anti-monopolies chief Margethe Vestager. Brussels is seeking submissions by September on its planned 'Digital Services Act.'

The global top 100 companies have continued to outperform industry peers even amid the market volatility caused by Covid-19. Microsoft, Apple Netflix and Tesla are amongst those who have seen increased market capitalisation during Covid-19, joining CNBC Africa for more is Alice Tomdio, Director of Capital Markets at PwC Nigeria.

Global utility companies have been slow to go green, undermining efforts to tackle climate change, a new report says. But that may be changing.

Port users accuse customs, shipping companies of frustrating trade facilitation

Microsoft said hackers exploited a bug in its email server software, which affected organizations rather than private accounts.

The US State Department called for companies to cease activity on the controversial pipeline or face sanctions. The US has slammed the project as a Russian plan to "divide Europe and weaken European energy security."

The UN Security Council accuses Russian mercenaries of human rights violations in the Central African Republic. Western mercenaries and companies also operate in Africa — often in a highly opaque manner.

Four drugs companies in the United States have agreed to pay up to $26 billion to settle claims that they fuelled an opioid addiction crisis in the country. The deal was unveiled by a group of state attorneys general and could settle thousands of cases over the epidemic. Opioid addiction is estimated to have claimed over one million lives in the US. Individual states and local governments will now have to sign up to the deal, but there are divisions over how the payout will be shared.

US President Joe Biden says a "distinct minority of Americans" are to blame for preventing the United States from overcoming the pandemic during a speech from the White House on the nation's fight against the Covid-19 Delta variant. He says he will mandate companies with 100 or more employees to vaccinate all workers or administer weekly Covid-19 tests in a new effort to defeat the surging Delta virus.