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In early trade, Asian traders were struggling

European stocks rise despite recession worries

Markets were rocked last week by a fierce selloff after the US Federal Reserve's sharp interest rate hike -- the biggest in nearly 30 years -- and a warning of more to come as inflation soars.
Financial Conduct Authority signage at the regulatory body's head office in London

Britain plans to regulate 'buy now, pay later' lenders

Britain plans to make "buy now, pay later" (BNPL) companies carry out affordability checks, gain approval by the Financial Conduct Authority (FCA) and ensure adverts are fair and clear, the government said on Monday, in measures to regulate the sector.
Rail union the RMT has said that more than 50,000 workers will take part in a three-day national strike

Britain set for biggest rail strike in decades

The government and the RMT were engaged in a war of words over the weekend, after the union's general-secretary Mick Lynch said strikes would go ahead as "no viable settlements" had been found to the disputes.
Wildfires continue in Spain's Navarre province

Spanish Firefighters On Alert After Huge Wildfire Tamed

Emergency planes dumped water over part of rural western Spain on Monday to prevent flames reigniting from a huge wildfire that had ravaged about 30,000 hectares of land during a heatwave, the region's environmental service said.
An Easyjet Airbus aircraft takes off from the southern runway at Gatwick Airport in Crawley

EasyJet Cuts More Flights To Try To Manage Disruption

Low-cost airline easyJet said on Monday it was cutting thousands more flights this summer after London Gatwick and Amsterdam airports reduced capacity and it battled staff shortages on the ground and in the air.