India has become the world's sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017.

Cuba on Tuesday reauthorized private businesses after a year-long freeze, but with tighter controls than before on a segment of the economy that now makes up 13 percent of the island's workforce.

Asian markets mostly rose on Tuesday following another strong lead from New York, as optimism about the US economy and the beginning of the earnings season provide a distraction from trade tensions.

Summer is the ideal time for cracking open a bottle of rose, but fans of French wine might be thinking twice after millions of bottles were found to contain less costly Spanish versions instead.

British business welcomed a UK plan to keep strong European Union economic ties post Brexit, even though Prime Minister Theresa May was already counting the political cost.

Global stock markets mostly rose Monday as the British government appeared to turn toward a more trade-friendly version of Brexit and as investors monitored the escalating trade standoff between the U.S. and China.

KEEPING SCORE: France's CAC 40 rose 0.5 percent to 5,402, while Germany's DAX added 0.2 percent to 12,520. Britain's FTSE 100 was also higher at 7,646, up 0.4 percent. U.S. shares were also set for gains, with Dow futures up 0.5 percent and S&P 500 futures gaining 0.4 percent.

French President Emmanuel Macron said Monday that the government would unveil "in the coming weeks" a plan to cut public spending and keep the budget within European Union deficit targets.

Pakistan's next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say.

The world's third largest shipping container group, the French-owned CMA CGM, has decided to withdraw from Iran over the threat of U.S. sanctions, its chief executive said Saturday.

"Because of the Trump administration, we have decided to end our service to Iran," Rodolphe Saade told an economic conference in Aix-en-Provence in southern France.

Iran on Saturday accused U.S. President Donald Trump of destabilizing the oil market with his flurry of tweets taking aim at the OPEC cartel.

"These days... the price is dependent on the behavior of Mr. Trump," Iranian Oil Minister Bijan Namdar Zanganeh said on state television.