Egypt’s external finances improve after float decision

The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.

Israel and the Islamic Jihad group announced that a cease-fire would come into effect Sunday night. The truce could end the worst cross-border conflict between Israel and Palestinian militants since last year.

As the UK mourns the death of Queen Elizabeth II, we delve into the finances of the British monarchy and what could change. With assets from castles and sporting grounds to jewels and art, the Royal Family is estimated to have more than €20 billion in personal wealth. Does the monarchy costs more to British taxpayers than it brings in?

Sweden's Riksbank has kicked off what's expected to be a series of interest rate hikes around the world, as central banks struggle to curb inflation. The 100 basis point hike is Sweden's biggest in three decades, in response to a cost-of-living crisis that's affecting households and businesses.

The British pound has fallen to its lowest level in decades against the US dollar, amid fears over runaway inflation and recession. The government has announced a drastic plan to cut taxes, claiming it will boost growth.

In downtown Khartoum's al-Souq al-Arabi, travel agencies helping young Sudanese seek a brighter economic future in Egypt have replaced some of the once-packed hardware stores in the capital's main commercial hub.

The currency took a beating from investors after the government announced plans to cut billions in tax revenues. The new Conservative Party government under Prime Minister Liz Truss has been in power for just 20 days.

Starting on November 6, Egypt will host the COP27 climate change conference. Nearly 100 heads of state are expected in the Red Sea resort of Sharm el-Sheikh. Egypt itself has been experiencing first-hand the effects of climate change, as a lack of water threatens agriculture. The waters of the Nile, a symbol of prosperity in Egypt since ancient times, are no longer enough to support the needs of a growing population. Our correspondents Edouard Dropsy, Justine Babin and Matthew Thompson report.

Suppression of civil society, "disappointing" climate targets, drought, floods — these are the issues making waves for the Egyptian hosts of this year's international climate conference.

The world climate conference, COP-27, has kicked off in Egypt in a year of global crises. Weather disasters, food shortages, and the war in Ukraine underscore the urgency facing the delegates from nearly 200 countries.

The COP27 UN climate summit began on Monday in the Red Sea town of Sharm el-Sheikh, in the hope of averting the worst impacts of climate change. World leaders, policymakers and delegates from nearly 200 countries have gathered to discuss the future of the planet.

The COP27 UN climate summit began on Monday in the Red Sea town of Sharm el-Sheikh, in the hope of averting the worst impacts of climate change. World leaders, policymakers and delegates from nearly 200 countries have gathered to discuss the future of the planet.