Mortgage meltdown looming for UK – data

A growing number of British households are falling behind on loan payments, with mortgage arrears jumping by 13% in the second quarter of the year to the highest level since 2016, Bank of England data showed on Tuesday.

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Twitter shares sink after Musk rescinds buyout offer

The social media company says it plans to sue the billionaire as the takeover deal falls apart Shares in social media giant Twitter plunged in premarket trading on Monday after Elon Musk terminated his $44 billion offer to buy the company.

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G7 rejects Russian demand to pay for gas in rubles

The Group of Seven major economies have collectively agreed to reject Moscow’s demand to pay for gas imports from Russia in rubles, according to German Energy Minister Robert Habeck. “All G7 ministers agreed completely that this [would be] a one-sided and clear breach of the existing contracts,” Habeck told journalists on Monday.

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