2 UK leadership contenders spar over tax in TV debate

2 UK leadership contenders spar over tax in TV debate

LONDON (AP) — The two candidates vying to be Britain’s next prime minister sparred Monday over how to help families struggling with the soaring cost of living, meeting in a testy televised debate that highlighted the contrasting economic visions of the Conservative Party rivals. Foreign Secretary Liz Truss promised to cut taxes as soon as … Read more

Italian bonds push higher as PM Mario Draghi suggests he’ll stay in power

Italian bonds push higher as PM Mario Draghi suggests he'll stay in power

Italian Prime Minister Mario Draghi Antonio Masiello | Getty Images News | Getty Images Italy’s Mario Draghi Wednesday said he will stay in power provided parliamentarians back his coalition government — offering some relief to bond markets ahead of a key European Central Bank Thursday meeting. Political instability returned to Rome last week when one … Read more

Race to replace Boris Johnson down to final 3 contenders

Race to replace Boris Johnson down to final 3 contenders

LONDON (AP) — The fractious race to replaces Boris Johnson as Britain’s prime minister entered an unpredictable endgame Tuesday as three candidates for Conservative Party leader were left battling for the two spots in a run-off vote. Kemi Badenoch, a previously little-known lawmaker who has become a rising star of the party’s right wing, was … Read more

Europe to ask countries to reduce energy usage as Putin tightens grip on gas

Europe to ask countries to reduce energy usage as Putin tightens grip on gas

The European Commission is putting forward new measures so member states are better prepared for the winter, when their energy needs are higher. This comes as Gazprom claims it can’t fulfill gas contracts with Europe. Sean Gallup | Getty Images News | Getty Images European countries will reportedly have to quickly curb their consumption of … Read more

UK breaks record for highest temperature as Europe sizzles

UK breaks record for highest temperature as Europe sizzles

LONDON (AP) — Britain shattered its record for highest temperature ever registered Tuesday amid a heat wave that has seared swaths of Europe, as the UK’s national weather forecaster said such highs are now a fact of life in a country ill-prepared for such extremes. The typically temperate nation was just the latest to be … Read more