US stocks fluctuated in early trading, as investors weighed the timing for higher interest rates amid data showing the fastest rise in consumer prices in two years.  Photographer: Chris Ratcliffe/Bloomberg

European stocks were little changed, posting their biggest weekly gain since mid-April. The Stoxx Europe 600 Index slipped less than 0.1 per cent to (...)

Chancellor of the Exchequer George Osborne described the annual fall in consumer prices as “good news for family budgets” and said it should not be mistaken for “damaging deflation.”(Photograph: Anthony Devlin/PA Wire)

Britain’s inflation rate unexpectedly fell below zero for the first time in more than half a century, as the drop in food and energy prices depressed(...)

Novak Djokovic serves the ball during the Italian Open. Photo: Claudio Onorati/EPA

  When Roger Federer said on the eve of his 39th match against Novak Djokovic, “He’s not Rafa Nadal”, he must have suspected his hubris wo(...)

Mark Carney did not comment specifically on the best date for the referendum Photograph: Alan Betson / The Irish Times

Bank of England governor Mark Carney indicated he’s in favour of UK prime minister David Cameron holding an early referendum on the UK’s European Unio(...)

Bank of England governor Mark Carney: expected to be questioned on what impact the new government’s austerity programme might have on the UK’s fragile economic recovery. Photograph: Simon Dawson/Bloomberg

Bank of England governor Mark Carney emerges from his election purdah today and his update on the UK economy is eagerly awaited in the City. Al(...)

Migrants after disembarking from the migrant offshore aid station vessel Phoenix in Augusta, Sicily. The European Commission is to introduce a “European Agenda on Migration” today. Photograph: Francesco Malavolta/AP

The European Commission has amended part of its migrant strategy ahead of today’s announcement of a European agenda on migration, in the face of oppos(...)

UK government members assemble for prime minister David Cameron’s first cabinet address following last week’s election. A spokesman for Mr Cameron has said that  he may hold an early referendum on the UK’s membership of the EU depending on negotiations with the bloc. Photograph: Dan Kitwood/PA Wire

UK prime minister David Cameron will hold an early referendum on membership of the European Union if he can first reach a deal that satisfies his dema(...)

Alexis Tsipras, Greece’s prime minister, arrives for a government meeting at the Greek parliament in Athens on Tuesday.

The European Commission has warned Greece there is “still a lot of ground to be covered” before a deal can be reached with lenders, following confirma(...)

Britain’s remaining stake in Lloyds is valued at about £12 billion, based on current share prices

Britain has sold another £500 million worth of shares in Lloyds Banking Group and has now raised more than £10 billion through the sale of more than(...)

Prime minister David Cameron poses for a photograph with newly-elected Conservative MPs in London.  Photograph: Stefan Rousseau - WPA Pool/Getty Images

British prime minister David Cameron has sought to build ties with the right wing of the Conservative Party as he prepares for the renegotiation of th(...)