Reuters

A Bank of England fix to ease pension schemes' cash crunch by getting banks to assume the role of rescue lender is being shunned by some of the biggest banks, who say the returns on offer do not reward the risks involved, sources said.

The head of Ukraine's state nuclear energy firm decried as "fake news" on Thursday Moscow's assertions that the Russian-occupied Zaporizhzhia nuclear power plant would require Russian fuel.

A leading Lebanese politician who is sanctioned by the United States said on Thursday he played a behind-the-scenes role in U.S.-brokered talks to delineate Lebanon's maritime boundary with Israel by liaising with Hezbollah.

U.S. President Joe Biden's hopes that his party would head into the midterm elections with inflation receding were dashed on Thursday when the final report ahead of the November vote showed prices rising more than expected.

Alphabet unit Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros, people familiar with the matter said on Thursday.

British government bond prices rose strongly on Thursday after reports that Prime Minister Liz Truss's government was considering a U-turn on some of the measures in its late-September "mini-budget" that triggered a historic gilts slump.

Neither side is backing down in a battle of wills over oil between Saudi Arabia's Crown Prince and U.S.

European Central Bank staff see the need for fewer rate hikes than markets now estimate to tame inflation, according to a new internal model that could serve as a key input in future deliberations, four sources close to the discussion said.

The Federal Reserve is seen delivering another large interest-rate hike in three weeks' time and ultimately lifting rates to 4.75%-5% by early next year, after a government report showed inflation remained stubbornly hot last month despite a historically fast pace of Fed rate rises so far this year.

President Vladimir Putin touted Turkey on Thursday as the best route for redirecting gas supplies to the European Union after Nord Stream pipeline leaks, while Western nations focused on efforts to cut energy consumption.

Moscow has submitted concerns to the United Nations about an agreement on Black Sea grain exports, and is prepared to reject renewing the deal next month unless its demands are addressed, Russia's Geneva U.N.

U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and the cost of food also rose, reinforcing expectations the Federal Reserve will deliver a fourth 75-basis-point interest rate hike next month.

Italy's new rightist coalition got off to an inauspicious start on Thursday when it split over the election of the Senate speaker, who clinched the post despite a revolt by Silvio Berlusconi's Forza Italia party.

British Airways-owner IAG, Europe's biggest airline Ryanair and rival easyJet said demand for travel was holding up, calming worries that pressure on household budgets could stall aviation's recovery from the pandemic.

European stocks reversed gains on Thursday after another hot inflation reading from the United States spurred expectations that the Federal Reserve was likely to stay aggressive in its fight against inflation.

Late-stage U.S. startups are scooping up talent unlocked by layoffs and hiring freezes at Big Tech, adding experienced engineers and project managers to their roster despite signs of an economic slowdown.

Liubov Palii was sitting at her computer when the lights went off in her one-bedroom apartment after Russian strikes pummelled Ukraine's energy network.

India scrapped on Thursday a rule granting voting rights to new residents of its Jammu and Kashmir region after widespread anger among political parties, who labelled it a bid to change the demographics of the country's only Muslim-majority region.

Beijing authorities removed rare banners of political protest from an overpass in the Chinese capital, according to images circulated widely on social media on Thursday, just days before the start of a twice-in-a-decade Communist Party congress.

Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages, weakening consumer confidence and its exit from Russia.

Wall Street futures ticked higher on Thursday, ahead of a closely watched U.S.

Argentines facing an inflation rate set to top 100% this year are grappling to survive, turning to recycling from garbage dumps or lining up to trade their belongings in barter clubs.

Six months ago, Jose Moreno found himself without a roof over his head.

When German business chiefs got wind last month of an economy ministry proposal to screen all company investment going into China as part of a raft of new measures, there was uproar.

An Indian Supreme Court panel said on Thursday it was divided over a ban on hijabs in schools, and referred the matter to the chief justice, effectively leaving in place a state's ruling against the scarves worn by women that has sparked uproar.

Seven people were killed during protests in Kurdish regions of Iran overnight, a rights group said, as authorities pursued a deadly crackdown on nationwide demonstrations sparked by Mahsa Amini's death in the custody of morality police.

Delta Air Lines Inc's quarterly profit missed Wall Street estimates on Thursday but the carrier expects travel demand to remain robust despite growing risks of an economic recession.

Used by two-thirds of the world's 100 biggest banks to aid lending decisions, credit scoring giant Fair Isaac Corp and its artificial intelligence software can wreak havoc if something goes wrong.

Federal Reserve officials are pushing back on investors' mounting concerns that the U.S.