US stock futures surged more than 3% and yields on Treasuries tumbled across the curve after data showed prices grew less than forecast last month, cementing optimism the Federal Reserve will slow the pace of rate increases.
A cold week in Europe is sending short-term power prices soaring as grid operators balance supply and pay power stations to keep the region’s lights from flickering.
Growing regulation on greenhouse gas disclosure has sparked demand for help from the tech industry.
The UK’s sanctions measures against Russia’s financial elite are set to be scrutinized by London’s courts in one of the first major tests of the regime.
Rail workers have begun a series of strikes designed to cripple Britain’s transport system over the Christmas period, triggering a war of words with the government over who is to blame for the crisis.
Gordon Rubenstein, the head of Raine Group’s venture capital arm, has agreed to join US digital entrepreneur John Textor in his planned takeover of French football club Olympique Lyonnais.
Prime Minister Rishi Sunak unveiled plans to tackle the UK’s swelling backlog of asylum claims including making it harder for arrivals from Albania to stay in Britain.
Belgian police have seized more than €1.5 million ($1.6 million) in cash as part of their expanding probe into a corruption scandal involving the European Parliament and Qatar.
Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was accused by US regulators of orchestrating a multi-year fraud against investors — one that helped support his lavish lifestyle.
UK house prices could fall by as much as 20% without causing distress to most homeowners, Bank of England Deputy Governor Jon Cunliffe said.
