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World markets feel the strain as US–Iran war grinds on

World markets feel the strain as US–Iran war grinds on

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.

UK's Starmer launches political fightback, putting Europe ties at heart of reset

UK's Starmer launches political fightback, putting Europe ties at heart of reset

By Andrew MacAskill LONDON, May 10 (Reuters) - British Prime Minister Keir Starmer will begin a political fightback on Monday in a speech that says rebuilding relations with the rest of Europe will be his government's defining mission, as he moves to quell growing calls to quit.

UK consumers cut spending for first time since late 2024, Barclays card data shows

UK consumers cut spending for first time since late 2024, Barclays card data shows

May 12 (Reuters) - British consumers, shaken by the widening economic fallout from the Iran war, cut their spending last month for the first time since November 2024 as they focused on essentials rather than leisure, a survey showed on Tuesday.

European shares tepid as markets weigh US-Iran deadlock

European shares tepid as markets weigh US-Iran deadlock

By Twesha Dikshit May 11 (Reuters) - European shares were muted on Monday, as stalled U.S.-Iran peace negotiations pushed oil prices higher and weighed on risk appetite. The pan-European STOXX 600 was flat at 611.68 points, as of 0805 GMT.

AI rally pauses as Middle East ceasefire goes on 'life support'

AI rally pauses as Middle East ceasefire goes on 'life support'

SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks cooled and traders waited on U.S. inflation figures. U.S.

Starmer pledges to bring Britain closer to the EU as he fights calls for his ouster

Starmer pledges to bring Britain closer to the EU as he fights calls for his ouster

Prime Minister Keir Starmer is pledging to bring Britain closer to the European Union as he faces calls to step down after poor local election results for his Labour Party

Morning Bid: 11 weeks and counting

Morning Bid: 11 weeks and counting

By Mike Dolan May 11 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The Iran conflict is entering its 11th week - more than twice the length of time indicated by President Donald Trump when he first ordered strikes on Iran - and there’s

Britain's Starmer fights for his job as calls for his ouster grow after local election losses

Britain's Starmer fights for his job as calls for his ouster grow after local election losses

British Prime Minister Keir Starmer is fighting for his job after poor local election results for his Labour Party

Malaysia economic growth likely slowed to 5.3% in January-March

Malaysia economic growth likely slowed to 5.3% in January-March

By Renusri K BENGALURU, May 12 - Malaysia's economic growth likely eased in the first quarter, after expanding the most in more than three years in the previous quarter, according to a Reuters poll of economists, largely due to a normalisation in growth.

Starmer, aiming for leadership reset, names former UK PM Gordon Brown as adviser

Starmer, aiming for leadership reset, names former UK PM Gordon Brown as adviser

By Sarah Young LONDON, May 9 (Reuters) - British Prime Minister Keir Starmer named former premier Gordon Brown as his envoy on global finance on Saturday, turning to a man credited with shoring up banks during the global financial crisis to help bolster his own support after a crushing local

What to know about British elections that hammered Starmer's Labour Party

What to know about British elections that hammered Starmer's Labour Party

British Prime Minister Keir Starmer is pledging to revive his struggling government amid calls to resign after disastrous local elections for his Labour Party

UK deploys warship to Middle East with eye on potential Hormuz mission

UK deploys warship to Middle East with eye on potential Hormuz mission

LONDON, May 9 (Reuters) - Britain said on Saturday it was deploying its warship HMS Dragon to the Middle East in preparation for a potential multinational effort to protect shipping in the Strait of Hormuz once conditions allow.