Britain urges banks to offer mortgage flexibility in cost-of-living crisis
Britain has called on banks to support households finding it difficult to make payments on mortgages during the cost of living crisis.
Why you're less likely to get rich these days if your parents aren't already wealthy
More than 60% of those born in the 1950s and 1960s were homeowners by age 30, but only 36% of those born in the 1980s were.
EU to approve Hungary's recovery plan, hold cash until conditions met
The European Commission is likely to approve next week Hungary's post-pandemic recovery plan to keep open the possibility of EU disbursements later, but hold back any payouts until Budapest fulfils all agreed conditions, sources at the EU executive said.
UK PMI sticks near 21-month low as orders weaken
British economic activity fell at close to its fastest pace in nearly two years in November, adding to signs of recession as orders sank and employment growth slowed, a survey showed on Wednesday.
Tesla safety at centre of South Korean trial over fiery, fatal crash
In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall.
UK's Hunt delays 'properly tough' budget decisions: IFS
British finance minister Jeremy Hunt appears to have delayed the "properly tough" decisions needed to balance the public finances, possibly in the hope of an economic upturn that will reduce the need for a painful squeeze, a think-tank said.
Britain softens business rates blow with 13.6 billion stg support package
Britain will provide 13.6 billion pounds ($16.1 billion) of support to retail, hospitality and leisure companies facing higher business rate bills next year, to help them through the recession and a fall in consumer spending.
Rising interest rates: Why the Bank of England has increased rates again and what to expect next
Higher interest rates can also boost a currency because investors are encouraged to bring money into the country to benefit from higher returns.
Woman set to be stoned to death for 'adultery'
Human rights groups are mobilising against the death sentence by stoning of a woman in Sudan.
BoE intervenes as IMF criticises UK budget
The BoE intervention followed criticism Tuesday from the IMF, which argued that Britain's budget could increase inequality and worsen inflation.
Taking Aim At Truss, UK Labour's Starmer Unveils 'Centre-ground' Growth Plan
British opposition Labour leader Keir Starmer will on Tuesday lay out his plans to spur economic growth and end what he called a cycle of crisis, saying his party now stood for "sound money" in contrast to the Conservative government.
Britain unveils anti-inflation budget as recession looms
Britain on Wednesday announced a six-month plan to pay about half of energy bills for businesses.
Bank of England set for second hefty rate rise in a row
The Bank of England looks set to raise interest rates by at least half a percentage point on Thursday in a bid to tame inflation that is just off a 40-year high, against a backdrop of a tumbling currency and a free-spending government.
Surging prices hit UK economic growth, raise recession risk
Britain's economy grew by less than expected in July, raising the risk that it is already in a recession, with the sharp climb in energy tariffs hurting demand for electricity and a leap in the cost of materials hitting the construction sector.
Kenya In Tense Wait For Supreme Court Verdict On Election
Kenya in tense wait for Supreme Court verdict on election
Era of through-the-roof house prices in Australia set to end: Reuters poll
Australian house prices will fall sharply this year and next as rising mortgage rates and cost of living pressures drag on demand, a Reuters poll found, but for many people buying a home will still remain far out of reach.
UK real incomes to fall 10% in next two years: think tank
UK household incomes are set to fall 10 percent in real terms in the next two years in the steepest such drop for a century.
West Mourns Gorbachev As Peace Champion, Russia Remembers Failures
Mikhail Gorbachev was mourned in the West on Wednesday as a towering statesman who helped to end the Cold War, but his death received a cool response in Russia, engaged in a war with Ukraine to regain some of the power it lost when he presided over the Soviet Union's collapse.
Fuel Price Hikes, Scarce Rice Add To Hardship In Myanmar
Fuel price hikes, scarce rice add to hardship in Myanmar
Echoes Of Dire 1970s In Today's Britain
Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.
BoE to deliver another bumper 50 bps lift in Sept as prices soar: Reuters poll
The Bank of England will deliver another bumper 50 basis points (bps) increase to borrowing costs next month but then slow the pace to a more regular 25 basis point rise in November before pausing, a Reuters poll forecast.
Cash-strapped Britons give up pets as living costs soar
Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes growing numbers of Britons to part with their pets.
The UK's cost of living support won't protect the poorest – here's what the government should do instead
UK households have faced unprecedented blows to their living standards in 2022.
Bank of England raises rates by most since 1995 despite recession's approach
The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming.
Australia home prices slide, Sydney suffers worst month in 40 years
Australian home prices slid for a third month in July and the pace quickened as Sydney suffered its worst decline in almost 40 years amid rising borrowing costs and a cost-of-living crisis.
UK rivals for PM hold first clash in front of Tory members
Former finance minister Sunak has denounced Truss's "fairy tale economics", vowing to tame surging inflation first, but has admitted that he is the "underdog" against the foreign secretary.
Half of Britons changing food-buying habits to cope with cost-of-living crunch
Almost half of Britons are changing what they buy to feed their families as they try to navigate a worsening cost-of-living crisis, according to survey data published on Wednesday.
Why wages should keep up with inflation: the economic case for getting a pay rise
The basic idea is that the consistent ratcheting up of workers' pay to match inflation and cost of living increases leads to firms raising prices to protect their profit margins.
India's High Inflation To Stick For Longer, Rates To Rise More
India's inflation will hold above the top of the central bank's tolerance band for at least the rest of 2022, longer than previously thought, making several more interest rate hikes in coming months all but inevitable, a Reuters poll showed.
What next for UK economy as Boris Johnson quits?
The resignation of Prime Minister Boris Johnson deepens the uncertainty hanging over Britain's economy, already under strain from an inflation rate heading for double digits, the risk of a recession and Brexit.