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US, UK economists back Russian oil price cap in letter to Yellen
A price cap on Russian seaborne oil deliveries being developed by the United States and G7 countries could significantly reduce Russia's revenues while encouraging Moscow to continue to produce oil, 16 economists from top U.S.
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British pension funds step up fire sales as need for cash soars
UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat.
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Coronation of Britain's King Charles to be held next May
Britain's King Charles III will be crowned at London's Westminster Abbey next May in a ceremony set to follow the traditional pageantry used for anointing monarchs over the last 1,000 years, Buckingham Palace announced on Tuesday.
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Dollar at 24-year peak to yen as U.S. yields jump; sterling on the ropes
The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for U.S.
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BoE widens action on 'UK financial stability' fears
The Bank of England on Tuesday unveiled yet more measures aimed at calming markets rocked by a UK budget as it warned over risks to the nation's financial stability.
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UK labour market exodus drives jobless rate down to 3.5%
Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England's inflation headaches.
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UK's top court to assess legal basis for new Scottish independence vote
The UK Supreme Court will on Tuesday consider the legality of Scottish moves to hold a new referendum on independence next year without the consent of the government in London.
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UN urges 'complete transformation' of global energy system
The energy security crisis caused by the war in Ukraine and disrupted access to Russian gas has sparked fears that countries will fall back on dirty fuel sources like coal.
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European shares slide for fifth straight day on growth worries
European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates.
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Explainer-Scottish independence: Could there be another referendum?
The UK Supreme Court begins two days of hearings on Tuesday to consider whether the Scottish government can pass legislation allowing it to hold a second independence referendum without the approval of the British government.
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Britons turn to electric blankets and candles as winter looms
British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a tough winter ahead.
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Russians search for Jewish roots to flee draft
Tens of thousands of Russians have fled since Putin sent troops to Ukraine in February and then announced a nationwide military call-up in September.
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Volkswagen targeting 20-30% automation at new electric vehicle plant
Volkswagen is looking at automating 20-30% of production at its upcoming Trinity plant near its Wolfsburg headquarters, the plant's chief production officer said on Tuesday.
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