European stocks tumbled on Wednesday as investors fretted about energy shortages and Britain's radical tax cuts to spur growth.
News about the large amount of gas leakage from the Nord Stream pipelines has deepened concerns over energy and the overall economic circumstances in Europe.
The International Monetary Fund has urged the U.K. government to "re-evaluate" a package of unfunded tax cuts, saying it may fuel inflation and would likely increase economic inequality.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.