(Reuters) -European shares chalked up their worst week in two months on Friday, with tech stocks and retailers feeling the brunt of selling on the prospect of bigger interest rate hikes to tame decades-high inflation.

China's central bank said on Friday it launch a 100 billion yuan ($15 billion) relending facility to support the transport, logistics and storage sectors which have been hit hard by COVID-19.

(Reuters) -Struggling British convenience store chain McColl's collapsed into administration on Friday, putting 16,000 jobs at risk after its lenders rejected a rescue deal from supermarket group and wholesale partner Morrisons.

SHANGHAI (Reuters) -China's auto association estimates that sales in April dropped 48% year-on-year, as zero COVID-19 policies shut factories, limited traffic to showrooms and put the brakes on spending.

"Our currency, your problem," were the words of a former U.S. Treasury secretary in 1971 to other finance ministers aghast at the dollar's surge. More than 50 years on, relentless dollar strength is again leaving a trail of destruction in its wake.

(Reuters) -Agricultural equipment maker AGCO Corp said on Friday it expects operations at some of its production facilities to be affected for "several days and potentially longer" following a ransomware attack.