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UK Economy Stagnates Heading Into General Election

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday, dealing a setback to Prime Minister Rishi Sunak ahead of next month's general election.

UK's Sunak To Unveil Tax-cutting Manifesto

British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit.

Blinken In Middle East To Push Gaza Ceasefire Plan

US Secretary of State Antony Blinken pushed on with a Middle East crisis tour Tuesday to promote a Gaza ceasefire plan as fighting rocked the Palestinian territory and a blast killed four Israeli soldiers.

European Stocks, Euro Extend Losses On Political Turmoil

European equities and the euro extended a sell-off Tuesday, fuelled by EU political uncertainty, while Asian markets also took a hit as investors looked ahead to inflation data and an interest rate decision in the United States.

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