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UK chancellor confirms country is in recession

The UK government has unveiled an emergency budget, including tens of billions of dollars in spending cuts and tax increases as it seeks to restore its economic credibility. 

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Press TV's news headlines

Here are Press TV's latest top stories at 16:00 GMT, October 14 , 2022

GERMANY

Scholz urges Germans to ‘stick together’ amid cost of living crisis

Chancellor Olaf Scholz has called on Germans to "stick together" amid the rising cost of living.

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REPORTS

Sunday Times Rich List: UK's wealthiest people include Chancellor Sunak

A new list released by a British Daily says there are a record number of billionaires in the UK with the richest 250 people worth 886 billion dollars.

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Austria's Chancellor Kurz steps down amid corruption probe

Austria's Chancellor Sebastian Kurz resigns following a political scandal triggered by a graft probe.

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