British media say Treasury chief Kwasi Kwarteng has left the government, ahead of an announcement by Prime Minister Liz Truss on changes to an economic package that sparked market turmoil
Asian stock markets have surged after Wall Street rebounded from a slump caused by worse-than-forecast inflation numbers
Asian stock markets have fallen ahead of the release of U.S. consumer price data that investors worry will show inflation still is hot, reinforcing the Federal Reserve’s plans for more aggressive interest rate hikes
Britain’s economy is facing new shocks after the Bank of England ruled out extending an emergency debt-buying plan designed to stabilize financial markets – and the government tried to blame the independent central bank for the U.K.’s economic turmoil
The pound sank against the dollar after the governor of the Bank of England confirmed the bank will not extend an emergency debt-buying plan introduced last month to stabilize financial markets
Eager to admire colorful foliage, eat sushi and go shopping, droves of tourists from abroad have started arriving in Japan
Asian stocks are mixed after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC oil production cartel agreed to shore up prices by cutting output
Trains in Britain have all but ground to a halt coordinated strikes by rail workers added to a week of turmoil caused by soaring energy prices and unfunded tax cuts that roiled financial markets
Global stocks are mixed after inflation in Germany and other countries that use Europe’s euro currency spiked to a record and Chinese factory activity weakened
Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened
