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Stocks tumble on souring sentiment; oil falls

Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia.

U.S. to merge Jerusalem consulate in to new embassy

The United States will merge the U.S. Consulate General, which serves Palestinians, with its new embassy in Israel into a single diplomatic mission in Jerusalem, Secretary of State Mike Pompeo said on Thursday, drawing a quick rebuke from Palestinians.

Slump in food shopping drags down UK retail sales

A free-spending summer by British consumers came to an abrupt end last month with the biggest fall in sales in six months, raising questions about one of the main drivers of the economy ahead of Brexit, official figures showed.

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