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The Prince of Wales is also the president of the English Football Association.

Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly, as markets calm since Liz Truss's government collapsed and Rishi Sunak took power.

Britain's ultra-wealthy new Prime Minister Rishi Sunak and his family plan to live in the flat above number 10 Downing Street, despite owning a string of luxury properties including one in London.

It has been without a functioning government since February, after the pro-UK Democratic Unionist Party (DUP) collapsed the executive over its staunch opposition to post-Brexit trade rules there.

British Prime Minister Rishi Sunak on Wednesday postponed an eagerly awaited budget plan due next week, as the youthful new leader got down to business after weeks of political turmoil.

IMF chief Kristalina Georgieva said on Wednesday she expects new Prime Minister Rishi Sunak to steer Britain towards fiscal sustainability and said he was right to warn the public of difficult decisions ahead.

Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold year-on-year, far better than expected, as a restructuring programme bears fruit.

The euro on Wednesday surged back above parity with the dollar, with the US currency sliding against its main rivals on concerns over the world's biggest economy.

Rishi Sunak will on Wednesday face off against opposition lawmakers for the first time as British prime minister, in a likely raucous parliamentary session following weeks of political turmoil.

Dorante-Day writes, "All that must be done to expose the "dirt" is lift the veil!" after the King refused his paternity test requests.

With his ascent to prime minister, Rishi Sunak and his wife Akshata Murthy will become the richest ever occupants of Number 10 Downing Street just as the country struggles with an economic crisis and the government mulls painful spending cuts.

Newly confirmed finance minister Jeremy Hunt must keep investors calm about Britain's debt mountain, avoid causing a deep recession and work out a way to stop the Conservative Party from splintering again - and all of it by next Monday.

Rishi Sunak unveiled his top team of ministers on Wednesday, hours after taking office as Britain's first prime minister of colour vowing stability.

Rishi Sunak said on Tuesday he was not daunted by the scale of the challenge as he became Britain's third prime minister in two months, pledging to restore trust, rebuild confidence and lead the country through an economic crisis.

Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energy and raw material costs will shrink Europe's heavy industry.

Rishi Sunak on Tuesday became Britain's third prime minister this year and the first person of colour to lead the former imperial power, vowing to overcome a "profound" economic crisis he blamed on the "mistakes" of Liz Truss's calamitous 49-day tenure.

Sterling rose on Tuesday supported by improved risk sentiment as Rishi Sunak prepared to become Britain's prime minister, while the euro steadied ahead of an expected rate hike by the European Central Bank (ECB) on Thursday.

Rishi Sunak is set to become Britain's first prime minister of colour on Tuesday, an achievement that many, particularly in the Asian community, held up as a cultural milestone standing out above the economic chaos and political tumult.

Johnson had hinted when resigning in July that he would likely attempt a second stint in office -- though even his allies would have thought it unlikely so soon.

Investors welcomed Rishi Sunak as Britain's new prime minister on Monday, but they're likely to give him little leeway to diverge from spending restraint and tax rises after his predecessor shook their faith in the Conservative party's management of the economy.

Ministers from European Union countries will attempt on Monday to agree their negotiating position for this year's U.N.

European stocks and the pound climbed Monday as markets awaited confirmation that former finance minister Rishi Sunak would become Britain's new prime minister.

Germany, the EU's top economy and Europe's export powerhouse, looks headed for imminent recession, according to a closely watched survey Monday that pointed to a deepening eurozone contraction.

Elected for the first time to parliament in 2015, Rishi Sunak became Britain's youngest prime minister in more than 200 years on Monday, tasked with steering the country through an economic crisis and mounting anger among some voters.

Britain's next prime minister, former finance chief Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.

Turmoil in global sovereign bond markets is set to persist for another six months to a year as central banks carry on raising interest rates to bring down inflation, according to a Reuters poll of market strategists.

Earlier Sunday, Sunak formally announced he was standing for the top job, just weeks after having failed in a first attempt.

Fabulously rich from his pre-politics career in finance, he has been mocked as out of touch with Britons struggling with decades-high inflation.

Johnson cut short a luxury stay in the Dominican Republic to join the seemingly three-way tussle, with allies saying he was "up for it."