Truss and UK market turmoil: What you need to know LONDON: Liz Truss will resign as British prime minister, brought down just six weeks into the job by an economic... Published 21 Oct, 2022 02:10pm
World Boris Johnson, Rishi Sunak lead race to become Britain’s next prime minister LONDON: Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to replace... Published 21 Oct, 2022 01:57pm
World Liz Truss resigns after six weeks as UK prime minister LONDON: Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the... Updated 20 Oct, 2022 07:38pm
World UK’s Trevelyan: I am shocked about parliamentary vote reports LONDON: Britain’s transport minister Anne-Marie Trevelyan said on Thursday she was shocked to hear reports claiming... Published 20 Oct, 2022 01:04pm
Markets UK finance minister seeks to stem bond rout by rushing forward tax plan LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in... Published 17 Oct, 2022 12:35pm
World Biden calls UK PM’s abandoned tax cut plan a ‘mistake’ PORTLAND: US President Joe Biden on Saturday dubbed right-wing British Prime Minister Liz Truss’s abandoned tax cut... Published 16 Oct, 2022 10:56am
World UK finance minister says ‘not going anywhere’ amid talk of new U-turns LONDON: Britain’s beleaguered finance minister insisted Thursday he was safe in his job but endured a rebuke in... Published 14 Oct, 2022 09:57am
Markets Fast Retailing powers Japan’s Nikkei to biggest jump in seven months TOKYO: Japanese stocks rebounded on Friday, supported by a strong performance from Fast Retailing Co Ltd, while... Updated 14 Oct, 2022 12:06pm
World British PM faces fresh political woes after meeting with MPs LONDON: Embattled British Prime Minister Liz Truss faced fresh woes on Thursday after a prominent Conservative party... Published 13 Oct, 2022 02:09pm
World European leaders show ‘unity’ in face of Russia’s war PRAGUE: Leaders from across Europe met Thursday in Prague for the inaugural summit of a new forum aimed at bringing... Published 07 Oct, 2022 11:26am
World UK’s Truss rejects ‘drift and delay’ in defiant speech to Tories BIRMINGHAM: Britain’s Prime Minister Liz Truss is set Wednesday to close her party’s tumultuous annual conference... Published 05 Oct, 2022 01:08pm
World Truss faces new challenge over UK welfare payments BIRMINGHAM: British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could... Published 04 Oct, 2022 06:51pm
Markets Euro zone yields rise on inflation angst, gilt pressure fades Euro zone government bond yields edged higher on Monday, with gilts out of the spotlight, as inflation concerns kept... Published 03 Oct, 2022 01:56pm
Business & Finance UK economy still below pre-pandemic size, underscoring challenge for Truss LONDON: Britain’s economy unexpectedly grew in the second quarter but was below its pre-pandemic peak, contrary to... Published 30 Sep, 2022 12:35pm
World French finance minister says he's ‘worried’ about Britain PARIS: French Finance Minister Bruno Le Maire said on Friday he was concerned about the situation in Britain, where... Published 30 Sep, 2022 12:23pm
World UK’s Truss presses on with ‘controversial’ economic plan, says it’s the right course LONDON: British Prime Minister Liz Truss defended her economic plan that has roiled financial markets, saying on... Published 29 Sep, 2022 01:04pm
Markets UK to pay half of business winter energy bills LONDON: Britain on Wednesday launched a six-month plan starting in October to pay about half of energy bills for... Published 22 Sep, 2022 07:10am
World UK to spend at least $2.63bn on Ukraine war effort in 2023 British Prime Minister Liz Truss said the United Kingdom next year will meet or exceed the 2.3 billion pound ($2.63... Published 20 Sep, 2022 12:11pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points