Latest Motor fuel markets News

New UK leader to face highest government debt in 60 years

Oct. 21, 2022 07:18 AM EDT

LONDON (AP) — British government debt rose to the highest level in almost 60 years last month and retail sales slumped, underscoring the scale of the economic challenges facing whoever replaces Prime Minister Liz Truss after her administration imploded under the weight of its failed financial...

Hong Kong shares soar 5%, leading Asian market gains

Oct. 05, 2022 01:13 AM EDT

TOKYO (AP) — Hong Kong’s share benchmark soared more than 5% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor...