Prime Minister Theresa May should begin formal talks for the UK to leave the EU "as soon as possible", Brexit campaigner Iain Duncan Smith says.

Urjit Patel, a former Yale University economist with a reputation as a hawk on inflation, is appointed governor of India's central bank.

A consortium led by Chinese investment firm Everbright is interested in buying a stake in Liverpool Football Club, according to media reports.

The Federal Reserve is close to hitting its targets for US jobs and inflation, says vice chairman Stanley Fischer, in comments likely to fuel the interest rate debate.