Bid to lead Britain's Labour Party

British opposition Labour lawmaker Angela Eagle said she would formally launch a leadership challenge today to lead the party into the next national election.

Incumbent Jeremy Corbyn has been facing calls to step aside after losing the support of at least three-quarters of his lawmakers, who blame him for failing to rally voters to choose to stay in the European Union.

LKY awards: PM to take part in dialogue

Prime Minister Lee Hsien Loong will take part in a dialogue at the Lee Kuan Yew World City Prize 2016 Laureate and Lee Kuan Yew Water Prize 2016 award ceremony today.

The session will be moderated by Professor Chan Heng Chee, Ambassador-at-Large and chairman of the Lee Kuan Yew Centre for Innovative Cities at the Singapore University of Technology and Design.

EU finance ministers meet in Brussels

European Union finance ministers will meet in Brussels today, with plenty to discuss. Britain's decision to leave the EU will be among the major subjects that they will likely have on their plate. So is the fate of Italy and its banking sector, which observers say is on the brink of collapse. Investors will be watching today's meeting closely to see if EU ministers will budge on allowing Italy to bail out its third biggest bank, a move that Germany has vetoed.