British pound rises, bond yields fall as UK overhauls controversial tax-cutting plans
It comes shortly after U.K. Finance Minister Jeremy Hunt rolled back swathes of the government's controversial tax-cutting plans.
CNBC Europe
Stellantis debuts pure-electric Jeep, pledges new target on energy self-sufficiency
Other Stellantis brands include Fiat, Chrysler and Citroen.
British government performs major U-turn on tax cuts. But markets are far from convinced
A major reshuffle and the scrapping of a key tax-cutting pledge by U.K. Prime Minister Liz Truss on Friday wasn't enough to placate markets.
UK PM Liz Truss announces another huge U-turn and names Jeremy Hunt as finance minister
British Prime Minister Liz Truss on Friday scrapped another key tax-cutting policy after firing her finance minister.
UK markets await major press conference after PM Truss fires finance minister
Prime Minister Liz Truss is under immense pressure to rethink her economic policies as opinion polls show support for her government has collapsed.
UK's Royal Mail reveals plans to cut up to 6,000 jobs by next summer
The news follows a summer of strikes by postal workers in the U.K.
Russia looks to deprive Ukrainians of water and electricity as winter approaches
Ukraine is dealing with the aftermath of another day of missile attacks with power and water supplies damaged after Russia targeted energy infrastructure.
Europe is still quietly importing Russian nuclear energy
Russia's nuclear fuel industry remains conspicuously untouched by European sanctions more than seven months into the Kremlin's war in Ukraine
Sony and Honda plan to start U.S. deliveries of their electric vehicle in 2026
This week's news builds on previous communications about the joint venture.
British pound jumps on reports UK government may reverse parts of its tax-cutting proposals
Sterling jumped against the U.S. dollar on Thursday following reports that the U.K. government is in talks to scrap parts of its unfunded package of tax cuts.
These countries have the best pension systems in 2022—and the U.S. didn't make the list
Mercer CFA Institute Global Pension Index looked at 44 global pension systems for its annual report.
These are the 10 best colleges in the U.S.—and there isn't one public school on the list
The U.S. News ranked the best national universities in the U.S. and due to ties in rankings more than 40 schools were included in the list.
It wouldn't be a surprise if the ECB hikes rates above 3%, says Belgium's central bank chief
"I think we are going to have to go real positive somewhere," Belgium's Pierre Wunsch told CNBC.
Biden's national security plan identifies Russia as imminent danger, China as long-term threat
Biden outlined a plan for how the United States would "effectively compete" with China in the coming years, "while constraining a dangerous Russia."
United adds new trans-Atlantic flights for summer 2023 in bet on travel recovery
United said it will serve 37 destinations in Europe, Africa, India and the Middle East during the next summer travel season.
Polestar unveils a new $84,000 electric SUV it's hoping will help cement its foothold in the U.S.
The new Polestar 3 is a five-passenger electric performance SUV that will be built in both the U.S. and China. Deliveries start next fall.
Leak detected on another Russian pipeline connecting to Europe, but Poland says it looks accidental
The cause of the incident not yet known, but the Polish government said the damage caused was probably accidental.
British pound choppy as Bank of England reiterates Friday bond-buying deadline
Sterling recovered slightly after a Financial Times report said the Bank of England has privately signaled a willingness to extend its emergency bond buying.
Green hydrogen corridor aims to harness Spanish sunshine and decarbonize Europe's industrial north
The European Commission wants 40 gigawatts of renewable hydrogen electrolyzers to be installed in the EU by 2030.
Russia's latest attacks on Ukraine are a 'show of weakness,' says former U.S. ambassador to NATO
Russia's latest string of assaults on Ukraine reflects its inability to advance further and seize Ukrainian territory, says Kurt Volker.
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