Britain

Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead to tighten oversight of the so-called shadow banking sector, taking the lead ahead of possible co-ordinated international action.

The settlement is the latest ripple effect from a major March 2021 ruling by Britain's Supreme Court classifying Uber drivers as employees.

U.S. stocks were mixed and European shares ended nearly flat on Thursday as investors balanced mixed earnings reports and economic data, while the pound retreated from mid-September highs.

Fresh vegetables and fish are falling off the menu. Packaged pizzas and processed meat are the dishes of the day.

The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak.

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.

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.

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.

UK government borrowing surged and retail sales slumped in September, official data showed Friday.

Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.

Embattled British Prime Minister Liz Truss on Thursday acknowledged a "difficult day" after a key minister resigned and MPs rebelled.

British inflation jumped back above 10 percent in September on soaring food prices, official data showed Wednesday.

British Prime Minister Liz Truss's humiliating budget U-turn shows how markets can wield influence over government fiscal policy.

Britain's foreign office on Tuesday summoned the Chinese charge d'affaires in London over footage of a Hong Kong pro-democracy protester being assaulted in the grounds of a UK consulate.

British police are investigating the apparent assault on a protester who was videoed being beaten by several men after being dragged inside the grounds of the Chinese consulate in Manchester during a demonstration against President Xi Jinping.

Britain's new finance chief Jeremy Hunt on Monday axed debt-fuelled tax cuts to further calm market turmoil.

British Prime Minister Liz Truss won power by appealing to Conservative members as the heir to Margaret Thatcher.

British finance minister Kwasi Kwarteng cut short a trip to Washington to rush back early on Friday to London where pressure is mounting for the new government to scrap much of an economic programme that unleashed turmoil on financial markets.

Police probing a spate of baby deaths at a UK hospital found a note stating "I am evil I did this" at the home of a nurse accused of killing them, a court was told on Wednesday.

Embattled British Prime Minister Liz Truss faced fresh woes on Thursday after a prominent Conservative party insider said some of her own MPs were considering pushing for two of her former rivals to replace her.

Britain's financial regulators will work together to tighten rules for pension funds which use derivatives to insure themselves against big moves in bond markets, drawing on lessons from past crises, the Bank of England said on Wednesday.

Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.

Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England's inflation headaches.

Britain on Monday ramped up efforts to calm markets after a heavily criticised budget.

Britain on Friday rejected Russia's call for a secret ballot in the U.N.

Britain's battered pound will be around 3.6% stronger in a year, according to a Reuters poll in which analysts were divided, however, on whether the currency would reach parity with the U.S.

Britain's private-sector economy last month suffered the sharpest contraction in activity since a COVID lockdown early last year, underlining the challenge facing Prime Minister Liz Truss who on Wednesday emphasised her push for economic growth.

Train travel in Britain was disrupted on Wednesday by the latest in a string of strikes by railway workers over wages.

The latest research by the University of Cambridge has found that the institution received "significant benefits" from the transatlantic slave trade.

The Queen's love for dogs, particularly corgis, was well known. She had adopted more than 30 in her life.