Some people believe that the fears surrounding the UK's economic future are exaggerated, but others are hesitant to invest in UK assets because they believe they are currently undervalued.
British Prime Minister Liz Truss and Finance Minister Kwasi Kwarteng met with the U.K.'s independent monetary watchdog on Friday. This was likely in order to discuss the current state of the economy and what can be done to improve it.
Inflation in the euro zone hit a new record high of 10% in September, according to data from Eurostat. This is up from 9.1% in August and above consensus projections of 9.7%.
The decline in markets continued in the third quarter as hopes faded that monetary policy would soon ease, sending bond yields soaring and leaving U.S. stocks on track for their worst year since the 2008 financial crisis.
The decline in service sector activity overshadowed a surprise improvement in factory activity in September. Factory activity returned to expansionary territory as the impact of a summer power crunch caused by drought and a heat wave dissipated. Government support measures also helped to boost activity.
Almost half of workers will start actively looking for a new job with a higher salary in the wake of recent economic turmoil, according to a new study.
SoftBank Group Corp, a Japanese investment company, has sold its entire stake in Sinch AB after the Swedish cloud-based platform provider's share price fell by more than 90%.
Porsche Automobil Holding SE has been successful in getting lawsuits from hedge funds dismissed. These hedge funds were seeking around 5.4 billion euros in damages, claiming they incurred losses during Porsche's failed takeover attempt of Volkswagen AG more than a decade ago.