The European Parliament on Tuesday sacked one of its own vice presidents amid corruption accusations allegedly linked to World Cup host Qatar, as the institution tries to contain the scandal.

A proposed cap on gas prices has divided European Union countries for months, as countries have argued about how high it should be set and whether the measure could hinder rather than help Europe's efforts to cope with an energy crisis.

Microsoft is to take a 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator's data platform into the cloud, the British company said on Monday.

Britain's economy remains on course for a long-lasting recession on fallout from the highest inflation in decades, analysts said on Monday, even if official data showed growth in October.

The European Union is hoping to reach a deal on Tuesday to impose a carbon dioxide tariff on imports of polluting goods such as steel and cement, a scheme the bloc says is crucial to support European industry during the low-carbon transition.

Foreign Secretary James Cleverly on Monday set out his long-term vision for UK foreign policy, urging a move towards new partnerships in Latin America, Asia and Africa.

Britain proposed over 30 reforms on Friday to bolster the City of London's role as a global financial centre, now outside the European Union and facing competition from Amsterdam, Paris and Frankfurt, as well as New York and Singapore.

Oil prices rose more than 1% in early Asian trade on Monday as a key Canada-United States crude pipeline stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation against a Western price cap on Russian oil exports.

Britain this week inked an agreement aimed at boosting trade and investment with South Carolina, its third such deal with a U.S.

The government has already said it plans to lift a cap on bankers' bonuses, and to require UK regulators to prioritise growth and competitiveness, alongside market stability.

Britain has also announced an "in-depth investigation" into Microsoft's planned takeover of Activision.

European motorists could find Russian diesel in their tanks even after bans take effect because regulators lack tools to trace the origin of fuel when it has passed through other countries.

The EU on Wednesday escalated disputes with China to the WTO, requesting panels be assembled to hear two cases, one over trade restrictions on Lithuania and the other on legal recourses for EU patent holders.

The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor.

EU countries have poured criticism on the IRA, seeing it as a threat to European jobs, especially in the energy and auto sectors.

The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude.

Top European Union officials are aiming to be more vocal at a trade meeting with their U.S.

Oil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday.

President Joe Biden said Thursday US support for green industry was not intended to be at Europe's expense as he and French leader Emmanuel Macron pledged to surmount a serious transatlantic trade dispute.

At a vast warehouse in the southern Dutch city of Roosendaal, automated cranes and driverless vehicles silently stack clothes for the French and Italian stores of retailer Primark, reducing the need for hard-to-come-by labour.

Britain's exit from the European Union added almost ?6 billion to consumers' food bills, hitting the poor the hardest and further stoking red-hot inflation, a study said Thursday.

The leaders of the International Monetary Fund and the World Trade Organization on Tuesday warned against the negative impact of deglobalization for the global economy, arguing instead for smart moves to diversify supply chains.

Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the world's biggest crude importer, stoked concern over the outlook for fuel demand.

European Union ministers warned on Friday that time was running out to resolve differences with Washington over U.S.

European stocks were subdued on Friday, with retail shares coming under pressure on fears of a bumpy holiday shopping season due to high inflation and slowing global economic growth.

The Bank of England and the government's independent spending watchdog have both said Brexit has hurt the UK economy and plunged it to the brink of recession.

Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay, which was below inflation but above what other employers have yielded in recent weeks.

Since 2019, issues around pay and working conditions have now surpassed pensions and become the main driver for the strikes.

British main opposition Labour leader Keir Starmer warned business bosses on Tuesday "the days of low pay and cheap labour" must end, putting him in line with Prime Minister Rishi Sunak who has also rejected calls for looser immigration rules.

Sterling slipped against a strengthening U.S. dollar on Monday as global risk sentiment was dented by rising COVID-19 cases in China, which led to new restrictions in the world's second largest economy.