Europe

Jeremy Hunt arrives at his home in London after he was appointed Chancellor of the Exchequer following the resignation of Kwasi Kwarteng. Picture date: Friday October 14, 2022. Aaron Chown | Pa Images | Getty Images LONDON — Sterling rose against the dollar on Monday morning after new U.K. Finance …

British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | Reuters LONDON — A major reshuffle and the scrapping of a key tax-cutting pledge by U.K. Prime Minister Liz Truss on Friday wasn’t enough to placate markets with the pound and government …

Kwasi Kwarteng, UK chancellor of the exchequer, speaks at a fringe event during the Conservative Party’s annual autumn conference in Birmingham, UK, on Tuesday, Oct. 4, 2022. Hollie Adams | Bloomberg | Getty Images LONDON — British Finance Minister Kwasi Kwarteng was fired on Friday after less than six weeks …

A fire engine stand in front of a burning electrical substation during extinguishing a fire on September 11, 2022 in Kharkiv, Ukraine. Two people died after a rocket hit an electrical substation on the outskirts of Kharkiv. Explosions in the city rang out at 8:00 p.m. As a result of …

In this photo illustration, the British pound is seen displayed. Karol Serewis | Lightrocket | Getty Images LONDON — Sterling jumped against the U.S. dollar on Thursday following multiple reports that the British government is in talks to scrap parts of its unfunded package of tax cuts. The British pound …

The European Central Bank needs to raise interest rates into positive territory when taking into account inflation, despite recession risks, Belgium’s central bank chief told CNBC. September’s hike in the ECB’s benchmark deposit rate to 0.75% meant rates were still negative in real terms, said Pierre Wunsch, governor of the National Bank …

Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines is planning another big schedule increase for trans-Atlantic travel, in a bet that consumers will continue to shell out for international trips, some of which they had put off …

Russia’s latest attacks on Ukraine aren’t a show of strength, but a “show of weakness” that reflects its inability to advance and seize Ukrainian territory, said Kurt Volker, a distinguished fellow at the Center for European Policy Analysis. On Monday, Russian President Vladimir Putin confirmed that he ordered long-range missile …

In this photo illustration, a screen showing president of Ukraine Volodymyr Zelenskyy’s speech before the members of the international tribunal in The Hague. He accused the Russian authorities of war crimes and international terrorism. Igor Golovniov | Lightrocket | Getty Images WASHINGTON — Ukrainian President Volodymyr Zelenskyy pleaded Tuesday for more …

The biggest airport in Europe by passenger numbers, London’s Heathrow, is not expecting to come into profit this financial year. Anadolu Agency / Contributor / Getty Images LONDON — Europe’s busiest airport, London Heathrow, gave a downbeat assessment of the industry on Tuesday, saying the “demand outlook remains uncertain” as …