The Turkish lira fell back in the face of US and European threats of sanctions and embargoes, though sceptical traders said it would weaken much further if Western allies turn words into action over Turkey’s incursion in Syria.

A man has died after a group of swimmers got caught in a rip tide off an English beach.

Russia has cut off gas supplies to Ukraine as a payment deadline passed and negotiators failed to reach a deal on gas prices and unpaid bills amid continued fighting in eastern Ukraine.