Britain's jobless rate rose for the first time since late 2020 and other measures of the country's hot labour market cooled, potentially easing inflation worries at the Bank of England which is due to raise rates again this week.

Federal Reserve Chair Jerome Powell used his first four years as the world's top central banker to reshape U.S.

Pakistan's government is set to present a budget for financial year 2022-23 on Friday aimed at tight fiscal consolidation in a bid to convince the International Monetary Fund (IMF) to release much-needed bailout payments for the cash-strapped country.

The steadier market mood has seen the safe-haven dollar and yen decline, while the euro was boosted by hawkish comments from European Central Bank (ECB) officials who have been flagging a rate hike as early as July.

Before the pandemic, Britain enjoyed steady labour force growth and high rates of participation.

Retail sales in April shrank 11.1% year-on-year, after falling 3.5% in March.

Total employment remained below its pre-pandemic level, with job vacancies at a record-high of almost 1.3 million at the end of April.

There are concerns the Fed could raise rates too high and choke off economic growth

Omicron, which emerged late last month, forced Britain to re-impose coronavirus restrictions that were passed by lawmakers late on Tuesday.

Protesters at the conference in Manchester, northwest England, accused the Conservatives of abandoning the poor.

Claims are a closely-watched metric of labor market health, and shot into the millions when the pandemic broke out in the United States in March 2020.

Britain's unemployment rate stands at 4.6 percent, down from a pandemic-peak of 5.2 percent at the end of last year.

The FOMC will convene as the economy sends mixed signals about two of the central bank's top priorities: employment and prices.

The Consumer Prices Index hit an above-target 2.5 percent in June as Britain lifted virus curbs.

After shutting down during the most severe stretch of the pandemic, Las Vegas casinos reopened in June 2020 with face-mask requirements and other strict protocols.

The Pfizer/BioNTech vaccine also has a 98 percent efficacy rate in preventing fever and breathing problems among patients.

Biden's efforts received a big endorsement, when IMF chief Kristalina Georgieva offered her support for the plan, and rejected the notion it was excessive.

Casting calls hinted at the start of filming for "Cobra Kai" season 4 this week.

While Trump is yet to concede, it is widely accepted that Biden will become the 46th president, removing a crucial hurdle for equity traders this year.

Weekly applications for jobless benefits remain higher than the worst of the 2008-2010 global financial crisis.

Executives from large US banks said additional support was needed for the coronavirus-ravaged economy.

The two-day event concludes amid a renewed push by a top lawmaker in Washington to agree on an additional spending bill to prop up the economy.

The head of the World Health Organization's European branch said new widespread lockdowns would not be needed.

Statistics show that 65 % of Italians between the ages of 18 and 34 are still living with at least one parent

The UK economy contracted by 2.2 percent in the first quarter.

The pound rallied on the update, which included news that the BoE held its main interest rate at a record-low 0.1 percent.

The explosions which were heard in Nicosia, 240 kms away in Cyprus were logged by seismologists, registering as the equivalent of a 3.3-magnitude earthquake.

The US, the hardest-hit country by the virus, added one million new cases in just over two weeks, according to Johns Hopkins University.

Asia tracked the New York losses, with profit-taking also playing a part after a broadly strong week.

Layoffs caused by the coronavirus pandemic in the US passed 45.7 million last week.