A Russian official said that the nation could offer American billionaire Elon Musk political asylum over his fierce dispute with U.S. President Donald Trump. The U.S. president and the world's richest man have had a dramatic fallout, leaving many wondering what will come of the relationship.

Officials offered to mediate and even asylum for Elon Musk as many commented how a leader falling out with a top businessman was familiar to Russia.

The Bank of England still expects the ongoing rise in UK inflation to fade but is "not sanguine" about it after price growth proved more persistent than anticipated only a few years ago, BoE monetary policymaker Megan Greene said on Saturday.