The price of a resale home in Canada fell 1.8 per cent in June from last year, the first annual decline since May 2020, as the market continued to cool sharply from February’s peak amid tighter borrowing conditions, data from Canada’s realtors showed Friday.

British drugs giant GlaxoSmithKline on Monday demerges its newly-named consumer healthcare unit Haleon, resulting in what is set to be London’s largest new stock market listing in more than a decade.

Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble.

Oil prices fell on Thursday as investors focused on the prospect of a large US rate hike that could stem inflation but at the same time hit oil demand.

Britain’s new finance minister Nadhim Zahawi pledged on Wednesday to rebuild and grow the struggling economy and said he would look at all options to do that, including possible tax cuts.

European stocks sank Tuesday along with oil prices, while the euro slumped towards parity with the dollar on deepening recession fears as central banks contend with soaring inflation.

Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises, delivering their biggest policy tightening moves in two decades.

Russia’s invasion of agricultural power Ukraine has severely disrupted the global wheat market, prompting warnings that the conflict could lead to hunger in some countries.

Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of demand-sapping global recession.

The European Central Bank on Monday unveiled plans to integrate climate change into its monetary policy in a bid to encourage eurozone businesses to pay more attention to their environmental impact.

The euro flattened on Monday, staying near a five-year low against the US dollar, as investors sought safety in the greenback amid worries about slowing global growth.

For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else.

Turkey on Friday substantially raised the minimum wage for the second time in a year to cushion the blow from soaring cost of living increases ahead of next year’s general election.

Ukraine has started exporting electricity to the European Union, via Romania, President Volodymyr Zelensky said, as Russia reduces gas supplies to the bloc which is supporting Kyiv in resisting Moscow’s invasion.

The EU and New Zealand sealed a free trade deal on Thursday after four years of talks, promising it would protect the environment and unite like-minded partners amid international turmoil.

Eurozone inflation accelerated to another record high in June, official data showed on Friday, as Russia’s war in Ukraine drives up energy prices and hammers the European economy.

Sweden’s central bank announced Thursday its steepest interest rate hike since 2000 to combat inflation, as monetary policymakers worldwide scramble to tame runaway prices.

French inflation accelerated to its highest level since at least 1991 in June, official data showed Thursday, as food and energy costs have surged since Russia’s invasion of Ukraine.

Russian President Vladimir Putin on Monday promised his Brazilian counterpart Jair Bolsonaro that Russia  “is committed” to maintaining its delivery of much-needed fertilisers to the South American agricultural giant.

At the Mellach coal power plant in southern Austria, spider webs have taken over the conveyor belts, and plants and flowers have sprung up around the vast lot that once stored coal.