The Biden administration is making available $20 billion from a federal “green bank” for clean energy projects such as residential heat pumps, electric vehicle charging stations and community cooling centers

China has reported its exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation

The Bank of England has warned that households across the U.K. are facing increasing problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global financial crisis 15 years ago

Shares are mostly higher in Europe and Asia after strong data lifted benchmarks on Wall Street

Wall Street was poised to open with gains as markets waited for economic data one day after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy into recession

Shares are mixed in Asia after China reported slower factory activity in June due to weaker consumer spending and export demand