Siemens became the latest industrial firm to report a post-pandemic surge in demand, prompting the German engineering and technology company on Thursday to raise its profit guidance for the third time this year. The Munich company said its orders surged by 47 percent, driven by double-digit growth in factory automation and smart infrastructure.As a result, Siemens hiked its profit guidance for the third time in its 2021 business year, following previous increases in February and May.

Nearly three dozen of the United States' most influential business groups have asked President Joe Biden's administration to restart trade talks with China and cut tariffs on imports, the Wall Street Journal reported on Thursday. In a letter to US Trade Representative Katherine Tai and Treasury Secretary Janet Yellen on Thursday, the business groups said that China had met "important benchmarks and commitments" in the agreement, the report added, including opening markets to US financial institutions and reducing some regulatory barriers to US agricultural exports to China.

Amazon has pushed back its return-to-office date for tech and corporate workers until January 2022 as COVID-19 cases surge nationally due to the delta variant. The Seattle Times, which detailed the tech giant's delay in returning to offices from internal messages, reports that unlike its Seattle-area rival Microsoft, Amazon will not mandate employees receive the COVID-19 vaccine before they return to the office.

Bernard Arnault owns a 47.5% share in LVMH, which has a market capitalisation of more than $400 billion. The subsidiaries of LMVH — including Louis Vuitton, Moët & Chandon, Hennessy cognac, Christian Dior, and Tiffany & Co.