British Prime Minister Boris Johnson named former interior minister Sajid Javid to take over from Philip Hammond as finance minister in his first cabinet appointment, the government said in a statement on Wednesday.

Boeing could further scale back output on the 737 MAX or even "temporarily" halt production if the grounding is extended much beyond current expectations, the company's chief executive said Wednesday.

The British pound rose Wednesday before arch-Brexiteer Boris Johnson's took over as prime minister, while European stocks mostly fell on the weak mining sector.

The pound erased its morning losses Tuesday after arch-Brexiteer Boris Johnson won the race to become Britain's next prime minister.

A court has ruled food delivery group Deliveroo wrongly hired over 500 riders in Madrid as self-employed contractors, avoiding paying 1.2 million euros to Spain's social security system, it said Tuesday.

Eurozone banks are tightening the criteria firms and households must meet to be granted loans, the European Central Bank said Tuesday, as policymakers weigh their response to stuttering growth.

Asian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon.

Libya announced the resumption of production Monday at its largest oil field and the loading of crude at a shipping terminal, following a three-day suspension due to "sabotage" of a pipeline.

U.S. President Donald Trump on Monday used a Federal Reserve official's own words to amplify his continual demands for lower interest rates.

Oil prices jumped Monday after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies and a possible conflict in the crude-rich Middle East.