China's central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do little to spur lending in an economy awash with cash but lacking in consumer demand and business confidence.

The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies.

Rapidly rising global energy prices could see Great Britain's energy price cap (the maximum amount consumers can be charged) rise to £3,582 at the end of August.

State-owned Italian bank Monte dei Paschi di Siena (MPS) said four more banks had agreed to back its upcoming 2.5 billion euro ($2.6 billion) cash call.

Arsenal have signed five players thus far this summer but Mikel Arteta wants further additions before the end of the transfer window on August 31.

Manchester United goalkeeper Dean Henderson has slammed the club for failing to keep their promise of making him their number one ahead of David de Gea

China's wobbly economy stumbled further at the start of the second half of the year, with factories unexpectedly switching back to the slow lane.

As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure.

The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector.

European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year.

The shrimps of the crypto world have joined the whales in a glorious last stand to banish the bleak bitcoin winter.

China detains alleged bank fraud 'gang' after rare mass protests

The European Union plans to become the top investor in the world's tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy and part of EU's answer to China's Belt and Road Initiative.

Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for a four-year funding programme, the prime minister said on Tuesday.

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Norway will support a plan by airline SAS to convert debt into equity under certain conditions but does not plan to remain a long-term stakeholder, Industry Minister Jan Christian Vestre said on Tuesday.

Watching workers poke avocados from the treetops in an orchard owned by Kenyan agriculture firm Kakuzi, managing director Chris Flowers revels in the thought some might soon go to the crown jewel of emerging consumer markets: China.

Turkey's troubled lira rallies on 'backdoor capital controls'

Russia denies defaulting on debts

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The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor interest rates, Britain's Financial Conduct Authority (FCA) said on Wednesday.

Belief in Johnson's trustworthiness has steadily declined in the past two years, with 74% of the public finding him untrustworthy in a recent YouGov poll.

Standing by his swimming pool at his home in an affluent Madrid suburb, retired engineer Juan Manuel Cosmes Cuesta enthuses over the 30% state subsidy he will get for installing solar panels that have already more than halved his monthly power bills.

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.

Japan's government bond market is being pushed to breaking point in a contest between foreign speculators and the Bank of Japan, creating challenges for loan pricing and bond sales and raising the prospect of government financing tangles down the track.

Major U.S. cryptocurrency lending company Celsius Network on Monday froze withdrawals because of "extreme market conditions," in the latest sign of pressure on the sector from tumbling crypto markets.

The fundamental housing issue in the UK is a chronic undersupply of properties for the country's expanding population.

Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.

The eurozone crisis was caused in the early 2010s when investor fears about the solvency of Greece, Spain, Portugal and Ireland drove their bond yields to levels where they needed ECB support.

The Swedish government will not inject new capital into loss-making airline SAS and does not aim to be a long-term shareholder in the company, Industry Minister Karl-Petter Thorwaldsson told a news conference on Tuesday.