Reported £19 Billion Surge in Mortgage Costs as Fixed-Rate Deals Near-Expiry
Around 1.5 million households are anticipated to have increased mortgage costs due to the housing crisis as the period of fixed-rate deals is ending.
UK Ministers Under Fire for Allegedly Reneging on £2.4 Billion Pledge to Support English Farmers
The £227 million underspent fund has ignited a fierce debate within political circles as the unallocated funds could have been a lifeline for farmers.
Asian Markets Extend New Year Retreat After Fed Minutes
Asian markets continued their disappointing start to the year Thursday, tracking another loss on Wall Street after minutes from the Federal Reserve's December meeting dampened hopes for an early interest rate cut.
Asian Stocks Open Year's Last Trading Day Cautiously
Asian stocks opened cautiously on Friday, largely continuing an end-of-year rally that has been boosted by investors' expectations of a US Federal Reserve rate cut as early as March.
Part-time and Shift Workers Face Holiday Pay Cut of £248 Million Due to UK Rule Change
The UK rule change, which comes into effect next month, has raised concerns among workers and labour advocates, prompting reconsideration of the decision.
The EU Is Successfully Pushing Fast Fashion Brands Towards Sustainability
Some 5.8 million tonnes of garment materials are discarded each year, in response, fast-fashion brands have pledged to reverse the effects of "overproduction and overconsumption of clothing".
UK Household Financial Struggles Soar Amid Cost-of-Living Crisis
The latest research from the consumer group Which? unveiled that 9.8 per cent of surveyed households admitted to missing or defaulting on payments for loans, credit cards, housing, or household bills during that period.
Labour's Pledge to 'Rewire Britain' Sparks Controversy Amidst Tory Party Discord Over Pylon Plans
Labour envisions a comprehensive overhaul that includes updating existing infrastructure, increasing energy efficiency and expanding renewable energy sources.
Elon Musk Denounces Five Week Strike as Swedish Workers Challenge Tesla
Tesla, the electric vehicle giant led by entrepreneur Elon Musk, finds itself at the centre of a labour dispute as workers in Sweden embark on strikes.
Tesla's Musk Says Fallout From Sweden Strike 'Insane'
Tesla chief executive Elon Musk broke his silence Thursday on a strike against his company in Sweden, saying it was "insane" that it may block new car deliveries.
Oil Prices Drop Further After OPEC+ Delay
Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc.
UK Government Prepares Crunch Budget With Eyes On Next Election
Britain's Conservative government this week unveils a budget update that could determine its chances of re-election -- or the size of its defeat -- with promises to reinvigorate the economy as the party lags badly in the polls.
Cumbria Is Fighting Staffing Crisis In Hospitality And Tourism Sector With Over 200,000 Unemployed
While 80 per cent of Cumbria's population said that they did not want a job, MPs and CEOs are fighting to save its hospitality and tourism sector from crashing.
Food Inflation Expected to Subside by Easter, Amidst Global Economic Stability
This optimistic forecast comes from George Weston, the CEO of Associated British Foods (ABF), a conglomerate that oversees brands like Kingsmill Bread, Twinings Tea and Silver Spoon Sugar, along with the Primark budget clothing chain.
Bank of England Holds Interest Rates At 5.25% for Second Time
Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.
Biden's AI Executive Order Set To Create New Standards For AI Safety
The recently signed AI executive order requires new safety assessments, equity and civil rights guidance.
Rishi Sunak Calls for Global Attention to AI-Related Extinction Risk, Citing Growing Security Concerns
In an address at the Royal Society, UK Prime Minister Rishi Sunak advocated for placing the mitigation of human extinction risks due to artificial intelligence (AI) on par with global concerns such as pandemics and nuclear war.
UK Economy at Risk of Recession as Business Activity Declines and Cost Pressures Ease
The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.
UK Businesses 'Stuck in Reverse' in October, According to Recent Survey
The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.
SAG-AFTRA President Clarifies Proposal Terms from George Clooney to End Strike
A handful of Hollywood's biggest names led by George Clooney invited the guild to a talk to lay out a proposal that could potentially end their strike.
UK Inflation Resists Expected Slowdown in September Amid Rising Oil Prices
CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.
Average Pay Growth Rises Above Inflation for the First Time in Almost Two Years
The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.
Ex-Treasury Secretary Hints that the Pain of Osborne's Austerity is Still Being Felt Today
As Britain grapples with a cost of living crisis, the deeper fissures in the economy, including inadequate education and training spend, are more evident than ever.
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Economics Nobel Prize Honours Two Centuries Data Analysis of Gender Gap In Earnings
The Nobel Prize Organisation honoured Claudia Goldin for shedding light on the various underlying factors like childbirth and contraceptive pills as reasons behind the gender gap in earnings.
Global Stocks Mixed Ahead Of Key US Jobs Data
US stocks recovered lost ground to close down just slightly Thursday, while those in Europe finished lower, ahead of key US jobs data.
US Medical Workers Respond To Delayed Contract Agreement By Launching Biggest Strike Yet
A reported 75,000 staff who work under Kaiser Permanente have united in a huge strike action, impacting nearly 13 million patients in a call for better wages and working hours.
Sick Leave In UK Hits 15-year High: Study
Sick leave in the UK has hit its highest rate in 15 years and is well above pre-pandemic levels, a study showed Tuesday.
Polish Farmers Warn Of EU Threat From Ukraine Grain
At his family farm, Wieslaw Gryn voiced support for Poland's ban on Ukrainian grain imports, but said it had not reversed a price drop that threatens his livelihood and those of other European farmers.
Asian Markets Struggle As Traders Prepare For Higher Rates
Asian markets were mixed Monday as investors contemplated the possibility the Federal Reserve will hike interest rates again and keep them at three-decade highs as officials struggle to contain inflation.