World stocks mostly sank Monday and the dollar rallied on concern the Federal Reserve will stick to its interest rate-hiking plans to combat runaway inflation.

The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows.

In the battle to contain red-hot inflation, which topped nine percent in June, the Fed has hiked rates four times

Germany's Scholz faces grilling over tax fraud scandal

German chancellor Olaf Scholz faces lawmakers' questions this week over his role in tackling a multibillion-euro tax fraud as a sprawling probe into the scheme threatens to undermine him as he grapples with an energy crisis and the fallout of war.

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain's economy.

Hong Kong will shorten the COVID-19 hotel quarantine period for all arrivals to three days from seven.

Twitter Inc on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company

Liz Truss, front-runner to be Britain's next prime minister, will set out her economic plans to finance sector officials on Friday, including scrapping legacy EU laws by the end of 2023.

Like Johnson, Churchill had a complicated relationship with the Conservatives.

Some investors want Russian gold off their books but it's not that easy to remove.

Regulators require finance companies to keep a record of vast swathes of staff communications to deter and uncover infringements such as insider trading.

European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year.

British financial regulators will have to promote the global competitiveness of the country's financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday.

Central bankers around the world are scrambling to adjust to stubbornly high inflation at risk of getting further out of hand and forcing stronger policy actions that increase the risk of a global recession.

U.S. economic growth could fall below 1% this year and remain sluggish through 2023 as the Fed acts "resolutely" to curb inflation, New York Federal Reserve president John Williams said Friday.

Rich Russians have long found it easy to acquire expensive properties in London, or a world-class education for their children in Britain's private schools, or control of Premier League football clubs.

With mounting uncertainty around the U.S. economic outlook and the resulting slump in financial markets, Wall Street is easing up on hiring after a recruiting frenzy last year.

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits.

A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.

Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.

The eurozone crisis was caused in the early 2010s when investor fears about the solvency of Greece, Spain, Portugal and Ireland drove their bond yields to levels where they needed ECB support.

The Bank of Canada has previously said cryptocurrencies like Bitcoin are speculative investments that "do not have a plausible claim to become the money of the future."

Russians have long been major buyers of superyachts -- pleasure vessels classed as being more than 30 metres long.

The Fed is the world's most influential central bank, and its policies have implications for lending globally.

A sign of the growing concern is that Google searches for the word "inflation" have hit their highest levels

BOE governor Andrew Bailey said central bankers face a "very difficult balancing act"

The New York-based firm Ethic claims it will only invest in businesses it believes passes its "social responsibility criteria."

World Bank President David Malpass warned that some of the price spikes "will not be transitory."

"It's time for more people to have a seat at the table when decisions are made that impact everyone."