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Queen Elizabeth II has completed the journey to her final resting place at Windsor after a momentous state funeral at Westminster Abbey, as world leaders joined Britons in mourning the country’s longest-serving monarch. The Queen was laid to rest with her late husband Prince Philip at a private ceremony at the King George VI memorial

Public admonishments of Russian president Vladimir Putin by China and India over his invasion of Ukraine signal a shift in global perceptions of the war, western officials have said, amid efforts by Europe and the US to erode the Kremlin’s international support. The chiding of Putin by Indian prime minister Narendra Modi and the Russian

The US central bank will lift its benchmark policy rate above 4 per cent and hold it there beyond 2023 in its bid to stamp out high inflation, according to the majority of leading academic economists polled by the Financial Times. The latest survey, conducted in partnership with the Initiative on Global Markets at the

Indian prime minister Narendra Modi has told Russian president Vladimir Putin that now is “not an era of war”, in some of his most pointed public remarks yet about Russia’s invasion of Ukraine. At a meeting between the Indian and Russian leaders in Uzbekistan on Friday, Putin publicly acknowledged New Delhi’s “concerns” about the conflict

Russian president Vladimir Putin has acknowledged Chinese “concerns” about the war in Ukraine in the first public admission of differences between Beijing and Moscow over the conflict. Putin’s comments came in a meeting with China’s president Xi Jinping in Uzbekistan on Thursday, the first time the two had met in person since the Kremlin launched

The UK’s rate of inflation eased back into single digits in August on the back of lower petrol prices, providing some relief to households as they go into winter. The headline consumer price index was 9.9 per cent higher than a year earlier during the month, down from a 40-year high of 10.1 per cent

Hopes that the Federal Reserve can engineer a soft landing for the US economy took a hit on Tuesday when a crucial measure of inflation came in higher than forecast and triggered a sharp sell-off on Wall Street. The consumer price index increased 0.1 per cent for August, above economists’ expectations for a 0.1 per

Russia will push on with its invasion of Ukraine until all military goals are met, the Kremlin has said, as it responded to Kyiv’s massive counter-offensive in the east, which has reclaimed more than 3,000 square kilometres of terrain. The Russian military setback is the Kremlin’s biggest since it was forced to U-turn on plans

Ukraine needs to secure the vast territory it has recaptured from possible Russian counter-attack, the country’s defence minister has warned, as he said Kyiv’s lightning offensive had gone far “better than expected”. The attack has routed the Kremlin’s forces, led to the recapture of some 3,000 square kilometres of Ukrainian territory and prompted an unusual

Ukraine’s biggest offensive in the war to date has pushed back the front line 70km in a week, claiming the logistical hub of Kupyansk and setting its sights on the military command post of Izyum. The lightning attack in the north-east of the country could lead to the capture of thousands of Russian troops. “Kupyansk

King Charles III addressed his nation for the first time on Friday, vowing to emulate his late mother Queen Elizabeth’s “life-long service” as Britain began a period of national mourning. The new monarch’s words came at the end of day of parliamentary tributes, gun salutes and raw emotion, as thousands of people gathered at the

Queen Elizabeth II, Britain’s longest-serving monarch, has died aged 96, Buckingham Palace has announced. Britain was in mourning after her death, which marks a watershed moment in the life of the nation, ending a reign that spanned 70 years. The Prince of Wales, the Queen’s eldest son, has become the new monarch, King Charles III.

The Bank of England’s chief economist said on Wednesday that plans by Liz Truss for a freeze in energy bills for households and businesses was likely to force the central bank to raise interest rates despite bringing down the rate of inflation in the months ahead. Asked by MPs on the House of Commons Treasury

Liz Truss has vowed that Britain will “ride out the storm”, as the new UK prime minister began the task of confronting an economic crisis with a massive package of energy support for families and businesses. Truss dodged torrential downpours sweeping Downing Street to tell the country that she would create an “aspiration nation”, adding:

Liz Truss has comfortably won the race to become leader of the Conservative party and on Tuesday will become Britain’s prime minister, facing one of the most daunting economic crises of recent times. The foreign secretary beat her rival Rishi Sunak, former chancellor, in a ballot of Conservative party members by 81,326 votes to 60,399

More governments will need to intervene to relieve the strains on Europe’s power market, officials and industry figures have warned, after Sweden and Finland launched emergency backstops for their energy producers and UK electricity generators called on the British government to help. The Nordic states this weekend both announced emergency financial liquidity measures for their

Sweden will give emergency liquidity support to electricity producers as its prime minister warned that Russia’s decision to halt gas deliveries to Europe could place its financial system under severe strain. Magdalena Andersson said on Saturday that the government would offer hundreds of billions of kroner in support to electricity producers. EU energy ministers will

The G7 countries have agreed to introduce a price cap on purchases of Russian oil in an attempt to limit the Kremlin’s ability to fund its war against Ukraine. The initiative will hinge on an incentive system whereby importers seeking insurance cover and shipping services from companies based in G7 and EU countries to transport

Global stocks dropped and the dollar jumped after fresh Covid-19 lockdowns in China and gloomy data from the manufacturing powerhouse compounded investor worries that the global economy is faltering. Wall Street’s S&P 500 fell 1.1 per cent in mid-morning trading on Thursday, leaving it on track to close down for a fifth day in what

Russia has halted the flow of gas through the Nord Stream 1 pipeline to Europe for three days, the latest disruption to an energy link that has been central to Moscow’s efforts to squeeze supplies. Wednesday’s shutdown of the pipeline, which Russia claims is needed for essential maintenance, will add to anxiety in European countries