Bank of England lifts interest rate to 15-year high
Global policymakers are battling elevated inflation caused largely by runaway energy bills following last year's invasion of Ukraine by major oil and gas producer Russia.
UK job postings soar to record high after Easter holiday
According to REC and Lightcast, there were nearly 190,000 new job posts during the Easter holiday. However, industry and job type disparities emerge.
Bitcoin is more important to property rights than you think
We are entering a period where those who own Bitcoin can use it as a tool in trade to build trustworthy relationships, with its link to our property rights and the influence this has on society growing more apparent.
Small businesses face high costs from increasing rates of cyber attacks
With cyber-attacks on the increase, small businesses cannot afford to be complacent about their cyber security measures, with high costs to pay in the event of data breaches.
Hollywood writers approve strike if union talks break down
Hollywood writers voted overwhelmingly in favor of giving union negotiators the power to call a strike, moving a step closer to a production shutdown that would hamper studios and disrupt what viewers see on television.
Inflation bites into profits of UK supermarket Tesco
In a bid to retain customers, Tesco is matching the prices of similar goods offered by UK supermarkets run by German discounters Aldi and Lidl.
UK recruiters slow pace of pay growth in March, REC survey shows
Britain's labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for the first time in two years, according to a survey of recruiters published on Wednesday.
Wall Street ends mixed with inflation data, earnings on tap
U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday's employment report and prepared for an eventful week of inflation data and bank earnings.
UK businesses could see annual tax bills increase by around £9,000
A new analysis has found SMEs could see annual tax bills increase by around £9,000 for the bigger earners from this month. Firms making a profit of £200,000 can expect to see tax bills climb from £39,723 to £49,361.
UK companies are turning to contract workers
As the UK grapples with economic instability and a widening skill gap across various sectors, companies are taking a closer look at their hiring strategies and favouring the employment of temporary staff.
UK household debt surpasses £2 trillion amid soaring cost of living
Household debt exceeds £2 trillion for the first time in UK history. As consumers struggle with the skyrocketing costs of living, financial literacy hits rock bottom.
Bank of England raises rates, says inflation set to fade
The Bank of England (BoE) raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its run of hikes.
Recent data shows gender pay gap is still prevalent
There is more transparency around gender pay gap reporting, which will help address the gap. However, pay differences persist in both the US and the UK.
UK inflation surprise pressures BoE to raise rates again
British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday.
UK govt, health unions agree pay deal in bid to end strikes
Prime Minister Rishi Sunak hailed the agreement as "affordable for the taxpayer" and allowing his government "to deliver on my promise to halve inflation".
UK employers feel the strain of missing skilled workers
Frustrated with England's education system, Simon Biltcliffe spends a lot of time training new hires at his marketing firm in the "soft skills" he and many employers say the country's sluggish economy badly needs.
American Airlines pilots union sets April strike authorization vote
The union representing American Airlines pilots will take a strike authorization vote in April, underscoring a broader push by North American pilots to make gains on salary and working conditions as air traffic increases sharply.
Riskier to raise UK rates than not, BoE's Dhingra says
Bank of England rate-setter Swati Dhingra said on Wednesday that it would be prudent not to raise interest rates further, as previous increases in borrowing costs are yet to feed through into an already weak economy.
Britain's Hunt to keep tight budget with eye on 2024 election
British finance minister Jeremy Hunt looks set to keep his grip on public finances in next week's budget, holding off on any big tax cuts or spending increases until the next election comes closer into view.
British labour market, and pay growth, slow in February - REC
Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, reflecting employers' concerns about the economy, a survey published on Wednesday showed.
Australia central bank tempers hawkish outlook after hiking rates to over decade high
Australia's central bank raised its cash rate to the highest in more than a decade on Tuesday, but suggested it might be nearly done tightening as consumer spending was slowing and there was less risk of a wages-driven inflation blow-out.
Deforestation in the tropics linked to reduction in rainfall, according to climate change study
"There need to be renewed efforts to stop forests being lost and to regenerate lost and degraded areas," says Professor Dominick Spracklen.
Another BoE rate rise isn't inevitable, Bailey says
Bank of England Governor Andrew Bailey said on Wednesday it was possible the central bank had already come to the end of its rate-rising cycle, leading financial markets question whether a rate rise this month is as clear-cut as they thought.
More than half of UK workers considering side hustle in 2023, study says
As the debate around four-day working week lingers, priorities such as job security and the need to earn more are making more UK workers consider side hustles.
UK's Hunt has extra 30 billion pounds to play with in March budget, IFS says
British finance minister Jeremy Hunt may have a 30 billion-pound ($36 billion) windfall at next month's budget, but this will be too short-lived to fund permanent tax cuts or public-sector pay rises, the Institute for Fiscal Studies (IFS) said on Tuesday.
Gas prices are falling but your energy bills still won't be affordable any time soon
At the end of last year, National Energy Action warned that by April 2023 8.4 million households would be in fuel poverty.
UK wages at 32-year high even as labour market fears possible recession
Despite an economic slowdown widely expected to morph into a recession later this year, the labour market remains tight, with upward pressure on wages.
Toyota accepts union demands for biggest wage hike in two decades
Toyota Motor Corp, the world's biggest automaker, said on Wednesday it would accept a union demand for the biggest base salary increase in 20 years and a rise in bonus payments, as Japan steps up calls for businesses to hike pay.
UK pay settlements hit 6%, highest since 1991: XpertHR
British employers offered the biggest annual pay rises in 32 years during the three months to the end of January, but these increases are still a long way behind double-digit inflation, industry data showed on Wednesday.
UK inflation retreats further, remains above 10%
British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above 10 percent, prolonging a cost-of-living crisis that has sparked massive strikes.