Reuters

The congressional committee investigating the Jan.

British Prime Minister Liz Truss faced growing pressure on Thursday from lawmakers in her own party to rethink tax-cut plans that sent markets into turmoil, with one ally saying it would be a "disastrously bad idea" to oust her a month into the job.

Inside the El Paso County clerk's office in Colorado, where officials had gathered in July to recount votes in a Republican nominating contest for this year's midterms, dozens of angry election watchers pounded on the windows, at times yelling at workers and recording them with cell phones.

European electricity use is falling to levels seen during the worst of the COVID-19 pandemic although some countries need to curb consumption further to prepare for a possible energy supply crunch this winter, a Reuters analysis of power data shows.

Germany and more than a dozen NATO partners aim to jointly procure air defence systems that protect allied territory from missiles, eyeing Israel's Arrow 3 system, U.S.

India's central bank has been consistently missing its inflation projections over the last two and half years mainly due to extreme weather conditions that drove up food prices, economists said on Thursday.

Euro zone borrowing costs edged lower on Thursday as investors paused for breath ahead of key U.S. economic data after driving government bond yields to fresh multi-year highs.

If Ukraine is admitted into the U.S.-led NATO military alliance, then the conflict in Ukraine would be guaranteed to escalate into World War Three, a Russian Security Council official was quoted as saying on Thursday.

Hong Kong dealmakers expect China's 20th Party Congress next week to herald a shift in focus in Beijing back towards business and economic issues that could help revive the city's IPO issuance from nine-year lows.

Shares in Toshiba Corp on Thursday surged on a report that a domestic investor-led group was looking at a $19 billion bid - a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension.

Israelis are as fed-up with soaring prices as they are with the country's seemingly never ending elections.

Global investors and banks have been voicing confusion about their efforts to convert depositary receipts of Russian companies into ordinary shares in compliance with a new Russian law, according to advisors and client communications from the banks.

The Reserve Bank of India, seeking to arrest the rupee's slide, is asking local banks to not build additional positions in the non-deliverable forward market, a move that could lead to offshore volatility spilling into local markets, bankers and traders said.

Oil prices struggled to find their footing in Asian trade on Thursday after easing in the previous session on the back of a weakening global demand outlook.

Asian stocks followed Wall Street lower and bond yields remained depressed on Thursday as investors weighed the risks of global recession amid hawkish Federal Reserve rhetoric and uncertainty about the Bank of England's commitment to stabilising markets.

Singapore-based Oversea-Chinese Banking Corp Ltd is hunting for acquisitions in Indonesia to speed up its growth, aiming to leverage a strong capital buffer built up in recent years, the head of Southeast Asia's second-biggest bank said.

The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying programme.

North Korean leader Kim Jong Un oversaw the launch of two long-range strategic cruise missiles, state media reported on Thursday, calling it a test to confirm the reliability and operation of nuclear-capable weapons deployed to military units.

U.S. and Mexican officials have agreed to a plan to curb rising numbers of Venezuelans crossing their shared border that will enable the United States to expel Venezuelans to Mexico while also granting humanitarian access to thousands of them by air.

Jack Yao, a Chinese Communist Party member, never wanted to be an activist.

Italy's new parliament opens on Thursday, with a Holocaust survivor due to preside over the first session of the upper house Senate as the most right-wing coalition since World War Two takes control of both chambers.

Larry Fink, chief executive of the world's biggest asset manager BlackRock Inc, on Wednesday defended his firm's energy investments after facing a backlash from lawmakers critical of its stance on environmental, social and governance (ESG) issues.

The United States on Wednesday said it will boost support for the Haitian police as they battle armed gangs and will speed up delivery of aid to a country suffering from crippling shortages of basic goods due to a gang blockade of a key fuel terminal.

Qantas Airways Ltd will return to a profit in the first half for the first time since the pandemic began as demand rebounds and it focuses on ensuring reliable operations and sweetens its wages offer to employees, its chief executive said.

Finance leaders of the Group of Seven (G7) advanced economies said on Wednesday they will closely monitor "recent volatility" in markets, and reaffirmed their commitment that excessive exchange-rate moves were undesirable.

Japanese firms overwhelmingly support increasing defence spending amid heightened sabre-rattling in Asia, according to a Reuters monthly poll on Thursday, which also showed half of companies expect the yen's decline to hurt profits.

British house prices rose last month at their slowest pace since early in the coronavirus crisis and they look on course to fall as a surge in mortgage costs adds to uncertainty about the economy for home-buyers, a survey showed on Thursday.

Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures.

Think about something novel you started doing two-and-a-half years ago to make life easier during the COVID lockdown and chances today are that there is a related story about a stock market casualty.