The euro dropped to as low as 84.48 pence, down 0.3%, at its lowest since August 2022, also trading lower against the dollar.

BMW India currently sells five EVs - luxury hatch Mini SE, entry SUV iX1, sedan i4, SUV iX and limousine i7 - priced between Rs 53 lakh and...

Growing debts, high interest rates, climate change costs, and political instability are fueling concerns of a financial market crisis in ma...

Economists and investors are particularly worried about the United States, Italy, and Britain. Governments are urged to deliver credible fi...

Economic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement (FTA) with India...

Monday's measures "will support fiscal sustainability", the Treasury added, after last month's notorious mini-budget had sent bond yields s...

Reports suggest rebels want Rishi Sunak to replace Liz Truss as the crisis in the UK grows. A poll suggests that around half of the Conserv...

Kwarteng and Truss have been on the back foot ever since unveiling on September 23 a "mini-budget" that spooked the financial markets and h...

Inflation in the UK continues to rise, with mortgage rates breaching records of 10-14 years. Chancellor Kwarteng is scheduled to meet with ...

UK Prime Minister Liz Truss is likely to face revolt as she looks to reduce the benefits given to the poor by the government. The oppositio...

Less than a month into the job but already mired in a deep crisis, the new Tory leader insisted her controversial plans would return Britai...

Doubts on the effectiveness of the British government’s recent taxation initiatives surfaced again as the pound dropped 0.8% to below $1.08...

The Bank of England stepped in to buy up government bonds in an attempt to stabilise the cost of borrowing after the government said last w...

Chancellor of the Exchequer in the UK Kwasi Kwarteng unveiled a mini-budget last week. The Bank of England additionally issued a warning ov...

On Monday, the Sterling, Great Britain’s currency, fell by 5% to $1.0327; the Sterling stabilised at around $1.08. The Bank of England anno...

Due to tax cuts in Kwasi Kwarteng's mini-budget eroding confidence in the UK, the pound fell to an all-time low versus the dollar.

Infosys, co-founded by Sunak's father-in-law Narayana Murthy, said it had used the furlough - or forced leave - option for 3% of its staff ...