The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for U.S.

British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a tough winter ahead.

Volkswagen is looking at automating 20-30% of production at its upcoming Trinity plant near its Wolfsburg headquarters, the plant's chief production officer said on Tuesday.

European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates.

Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England's inflation headaches.

The dollar started the week firmly on Monday, with a strong U.S.

British recruiters saw the weakest growth in hiring in more than a year and a half last month, as signs of an economic downturn made workers more wary about changing jobs and businesses more cautious about hiring, a survey showed on Friday.

Russians opposed to the war in Ukraine or fearful of being sent to fight there have fled to Kazakhstan in their hundreds of thousands, but many are finding new problems on arrival.

Auto engine parts makers eyeing the promising electric-vehicle market are dealing with a severe case of delayed gratification.

Her proposal (before it was dramatically ditched) to cut taxes for top income earners, stems from a belief that such moves will encourage innovation and investment.

Tesco, Britain's biggest retailer, forecast full-year profit at the lower end of its previous guidance, blaming uncertainty over how consumer spending will evolve amid a worsening cost-of-living squeeze.

The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments

Euro zone government bond yields rose on Wednesday, but stayed well below multi-year highs, as concerns about systemic risks and economic slowdown led investors to lower bets on where interest rates might peak.

Truss cut the most popular taxes -- this wasn't an accident, but it may be a mistake

Prime Minister Liz Truss will on Wednesday press her message that Britain needs "to do things differently" to kickstart stagnant growth, using her first speech to the party faithful as Conservative leader to try to restore her dwindling authority.

From 1925, the Bank of England had kept interest rates high to keep the pound at a fixed parity to gold

British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party.

British Prime Minister Liz Truss heads to her Conservative Party conference next week with a packed diary of "meet and greets" to try to win over lawmakers angry over an economic plan that triggered market chaos and badly eroded support.

The European Central Bank must continue to raise interest rates quickly to tame inflation and could reach a level that no longer stimulates the economy before Christmas, Finnish central bank chief Olli Rehn said in an interview.

Labour leader Keir Starmer will argue Tuesday he is ready to lead Britain out of economic crisis.

Canada's Mitchell Aerospace has a booming business - and a shop-floor shortfall that is reverberating from Boeing to Airbus.

Rock-bottom investor confidence in Britain will only recover if finance minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday.

The UK central bank said it would "not hesitate to change interest rates by as much as needed" to curb high inflation -- hinting at further pain for British households and companies.

The pound plunged to a record low against the dollar early on Monday and British bond prices collapsed as fears mounted over the new government's fiscal plan, unleashing calls for an emergency Bank of England rate hike to restore confidence.

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.

Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, with sterling and British government bonds in freefall.

Britain on Wednesday announced a six-month plan to pay about half of energy bills for businesses.

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

Zara owner Inditex's strong first-half results show its strategy of raising prices since early 2022 paying off so far, but it and other fashion retailers have to be careful not to overdo it with further hikes that may scare away shoppers, analysts said.

Britain's jobless rate hit its lowest since 1974 but the drop was due mostly to a fall in the size of the workforce and there were other signs that the country's jobs boom is petering out, adding to the Bank of England's inflation headache.