UK finance minister Kwarteng sacked, reports say
His sacking makes Kwarteng Britain's shortest serving chancellor since 1970, and his successor would be the UK's fourth finance minister in as many months as the nation grapples with a cost-of-living crisis.
Remove power to create money from banks, govt urged
A former banker says such power should be given to the government under the authority of Parliament.
IMF eyes expanded access to emergency aid for food shocks, sources say
Many African countries and other poor nations suffering food shortages and acute hunger have clamored for increased funds, but it is not clear how many countries will seek the additional financing aid.
China to step up financial support for industries hit by Covid outbreaks
Authorities will guide financial institutions to expand lending and surrender profits to the real economy, according to the People's Bank of China.
Britain cedes control of bailed-out NatWest bank
The group was rescued with £45.5 billion of taxpayers' cash in the world's biggest banking bailout at the height of the 2008 meltdown.
Ringgit is fourth most undervalued currency, says latest global purchasing power index
A comparison of purchasing power through the price of the iconic Big Mac burger suggests that the ringgit is undervalued by as much as 58.9%.
UK finance reigns in Europe despite Brexit fallout
London has over the past year lost out to rivals on equity trading, struggling to recover ground after a hammering triggered immediately after Britain's EU exit.
Top Islamic finance expert disagrees with fatwa on cryptocurrency
This comes after an influential Indonesian ulama body declared the lucrative digital currency trade as haram.
Melbourne cases hit record despite 2 months of lockdown
Authorities in Victoria estimate nearly a third of Thursday's 1,438 new infections can be traced back to home parties last weekend to watch the Australian Rules Football Grand Final on television.