European Union government officials will discuss key elements of a planned overhaul of the bloc’s power market this week, setting the scene for difficult negotiations on how to shield the economy from an energy crisis.
Top European Union officials are confident that Italy will soon approve a reform of the euro-area bailout fund, but the optimism may be premature in light of divisions within Prime Minister Giorgia Meloni’s ruling coalition.
UK Prime Minister Rishi Sunak blocked transgender rights legislation passed by the Scottish Parliament, setting up a major constitutional row and fanning nationalist sentiment in Scotland.
Americanas SA shares sank further after the Brazilian retailer, whose main backers include billionaire Jorge Paulo Lemann, obtained a decision that paves the way for a potential bankruptcy filing, sparking a legal reaction from creditors that accuse the company of fraud.
Teachers and nurses plan to strike in England and Wales next month as unions remain at loggerheads with the government over below-inflation pay deals.
Sentiment among Canadian firms is at its lowest since the Covid-19 pandemic and inflation expectations remain elevated, Bank of Canada surveys show.
Nigeria’s inflation softened for the first time in 11 months in December, raising the chance that the central bank will slow the pace of interest rate hikes ahead of presidential elections next month.
The death toll from a missile strike on a nine-story apartment building in the eastern Ukrainian city of Dnipro climbed to 40 as Russian attacks spread to other cities.
The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year.
Pensioners feeling the pinch are increasingly turning to buy-now, pay-later services, the latest sign of how the cost-of-living crisis is squeezing the UK population.
