U.K. Prime Minister Liz Truss on Thursday announced a broad stimulus package to help Brits with soaring energy bills and attract investment into the energy sector.
India's Prime Minister Narendra Modi said he is keen to boost ties with Russia, even as the country has become an international pariah following its invasion of Ukraine.
Inflation in the euro zone hit 9.1% in August and with the continued pressure on energy prices it's expected to reach double-digit levels in the coming months.
Freight rates continue to fall as the global trade volume slows as a result of contraction in the demand for goods and as supply chain disruptions ease.
Sterling fell to $1.1407 in afternoon trade in London as investors responded to the U.K.'s darkening economic landscape with a new prime minister at the helm.
Cryptocurrency prices are being hit by a higher U.S. dollar and falling stock markets as the Federal Reserve continues to tighten policy to fight inflation.