“Sitting on the sidelines is now just another way in which the Tories are sabotaging the UK economy,” shadow chancellor Rachel Reeves says.

This Christmas is not a time for cheers and festivities for many in the US, with the hunger crisis affecting US households, food Insecurity is already a critical problem affecting millions of Americans.

Germany and the other cap skeptics have demanded stronger safeguards in case the price cap caused unintended consequences.

The French government earmarks 8.4 billion euros to help companies struggling with energy bills.

Demonstrators in several European countries have taken to the streets demanding pay rises and better working conditions.

More than 50 of the poorest developing countries are teetering on the brink of bankruptcy due to their inability to pay debts unless the rich countries come forward with assistance, says a UN official.

Eurozone finance ministers meet in Brussels to exchange views on the EU's worsening energy crisis.