Reuters

Oil prices slipped early on Tuesday, paring the previous session's 3% gain, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to stem the market's recent slide.

Malaysia's central bank will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but will opt to move slowly despite a hawkish U.S.

A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts, who said prices needed to fall in double digits in several key markets to turn affordable.

Japan's household spending extended growth in July for a second straight month despite a resurgence in COVID-19 cases, but inflationary pressures from the yen's slump to a 24-year-low have cast doubt over the pace of consumption.

HSBC, its online arm First Direct, and Metro Bank have joined a fraud-reporting hotline as the cost of living crisis increases the number of financial scams, an industry body said on Tuesday.

British shoppers are cutting back on purchases of clothes and other non-essential items as they try to cover their sky-rocketing utility bills and higher food prices, surveys showed on Tuesday.

Indigenous groups from across the Amazon basin called on Monday for financial institutions to forgive the sovereign debts of the South American nations that comprise the Amazon rainforest, in exchange for commitments to preserve the environment.

Meghan, the Duchess of Sussex, delivered her first speech in Britain since she and husband Prince Harry stepped down from their royal duties, telling a summit for young leaders that they were aiding "the positive and necessary" change in the world.

The lawyer of a Russian man accused of laundering more than $4 billion through the digital currency bitcoin urged Moscow on Monday to begin negotiations with the United States to include his client in a potential prisoner swap.

Volkswagen's supervisory board is expected to approve a plan to list sportscar maker Porsche in a much-anticipated initial public offering, a person familiar with the matter told Reuters on Monday.

Argentina's central bank is set to hike the country's interest rate as early as this week, a source said, after the economy ministry rolled out a preferential exchange rate for soybean farmers dubbed the "soy dollar" in a bid to promote exports.

The European Union and its member states agreed on Monday to speed up plans to establish an EU fleet of firefighting aircraft, after rampaging wildfires across Europe this summer exhausted the bloc's capacity to respond.

African leaders called on Monday for their counterparts from richer, polluting nations to increase funding for projects to help them adapt to climate change.

A federal judge on Monday agreed to appoint a special master to review records seized by the FBI during its unprecedented search of former President Donald Trump's Florida estate, in a move that could potentially delay the Justice Department's ongoing criminal investigation.

Chile will go back to the drawing board to redraft its Augusto Pinochet-era constitution after a new text got overwhelmingly rejected in a historic referendum vote on Sunday, a blow to the country's progressives, including young President Gabriel Boric.

By Marie MannesPhilip Morris is considering lowering the acceptance threshold on its bid for Swedish Match, Bloomberg News reported on Monday, citing people familiar with the matter.

Ukraine's state nuclear chief said on Monday it was vital that a mission by UN inspectors to the Zaporizhzhia nuclear plant led to the end of Russia's occupation of the facility and called for new missions to the site, including by UN peacekeepers.

Two Russian embassy staff in Kabul were among six people killed when a suicide bomber detonated explosives near the entrance of the embassy, in a blast that injured at least 10 others, the Russian Foreign Ministry and Afghan officials said on Monday.

Openly scornful of Liz Truss long before she became prime minister, the Kremlin is in no mood to grant a honeymoon period to Britain's new leader.

Israeli investigations into the killing of Al Jazeera journalist Shireen Abu Akleh in May concluded that she was likely to have been unintentionally shot by an Israeli soldier but was not deliberately targeted, the military said on Monday.

The Kremlin on Monday blamed the West for triggering the worst European gas supply crisis ever and warned the Group of Seven advanced economies that Moscow would retaliate over its plan to impose a price cap on Russian oil.

UK's FTSE 100 was unchanged after opening lower on Monday as the Conservative Party announced Liz Truss as Britain's new prime minister as expected, while the British pound remained lower against the dollar.

Two men suspected of killing 10 people in a stabbing rampage that devastated an indigenous community in Canada were still at large on Monday as police tried to determine a motive for attacks that shocked a nation where mass violence is rare.

The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending.

European gas prices surged, share prices slid and the euro sank on Monday after Russia stopped pumping gas to Europe via a major supply route, sending a new tsunami through the European Union economy that has yet to recover from the COVID-19 pandemic.

President Joe Biden will champion unions on Monday in Labor Day visits to Wisconsin and Pennsylvania as he tries to ensure Democrats beat the odds and maintain control of the U.S.

Credit Suisse began its defence in a Singapore court on Monday against a lawsuit filed by former Georgian Prime Minister Bidzina Ivanishvili alleging the bank's local trust did not properly protect his family's investments, leading to losses.

Tackling inequality is key to securing the public support needed to overhaul the global economy and reverse climate change, an update to the landmark 50-year-old computer simulation of environmental stress has found.

Pakistani authorities are struggling to prevent the country's biggest lake bursting its banks and inundating nearby towns after unprecedented flooding, while the disaster management agency on Monday raised its toll of flood deaths by another 24.