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It appears the war in Ukraine may take a further turn for the worse. Click here for a detailed weekly update.

The Bank of England raised its benchmark interest rate by 15 basis points to 0.25 percent.

(Bloomberg) — Try refreshing your browser, or England Bids to End 55 Years of Hurt as Johnson Gambles on Covid Back to video Boris Johnson had just turned two and was living in Washington when England last played in a major soccer final, beating West Germany to lift the World Cup in the summer of 1966. Today the kid with unruly blond hair is Britain’s prime minister, a man with a track record of taking risky bets, including Brexit. He may not be that keen on football, as the game is called in the country that invented it, but he’s happy to wrap himself in the English flag ...

m_pavlov/Thinkstock At 11 p.m. Dec. 31, Brexit gets real, with departure bringing a host of new regulations and customs paperwork. Bloomberg | Dec 31, 2020 By Lizzy Burden and Richard Weiss On the day the U.K. makes its final break with the European Union, the ports are clear of truck backups, goods are moving smoothly and grocery-store shelves are well stocked. Even so, U.K. businesses that rely on some 1.2 billion pounds ($1.6 billion) worth of products crossing the border each day are taking no chances. At 11 p.m. Thursday, Brexit gets real. Companies were already...

By Lizzy Burden, Deirdre Hipwell and Joe Mayes (Bloomberg) — Vital trade and travel links between the U.K. and continental Europe slowly reopened after France eased border restrictions, but huge backlogs that could take days to clear led to tensions at Britain’s busiest port. Near Dover, police clashed with some truckers angry that they’ve been waiting since Saturday and are trying to get home for Christmas. Many are lined up for coronavirus tests that they need for passage into France. France cut off shipments from the port in southeast England on Sunday because of concern over a fast...