British employers expect to raise wages for their staff by the most in at least 11 years but the 5% pay deals for workers would still fall well below expected inflation, a survey published on Monday showed.

Bank of England policymakers disagreed on Thursday about where interest rates need to go to tame inflation, with Governor Andrew Bailey stressing the uncertainty of the outlook, a week after the BoE suggested its run of rate hikes might be peaking.

Recruitment and Employment Confederation has responded to the government's announcement by the Secretary of State for Education, Gillian Keegan, regarding young people who will be able to use UCAS to search for apprenticeships.

Global shares jumped and most currencies rose against the dollar on Wednesday as investors discerned a dovish tone in comments from Federal Reserve Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally.

Chefs have not returned to work in the same numbers post-pandemic, leaving the hospitality industry grappling with an acute staffing crisis at a time when operators are also struggling with the soaring costs of doing business.

A number of people living in the UK have moved towards smaller towns or places with higher perks and salaries.

Stock markets largely steadied and the dollar rose Tuesday, with traders forecasting US interest rates to keep climbing following last week's blockbuster American jobs report.

Oil prices rose on Friday after strong U.S. jobs data, but were still set for weekly falls as investors sought more clarity on the imminent EU embargo on Russian refined products and more signs of demand recovery in top consumer China.

The EU will reveal Wednesday plans to counter the threat to European industry from US green energy subsidies and unfair competition from China, with leaked proposals pointing to a controversial expansion of state aid rules.

British house prices dropped by a bigger-than-expected 0.6% in January and are now 3.2% below their peak in August, following a surge in borrowing costs and broader inflation pressures, mortgage lender Nationwide Building Society said on Wednesday.

Marta Pizza, a 26-year-old swimming instructor, has worked at a Rome sports centre for the last two years earning 8.50 euros per hour with no pension contributions, sick pay or holidays.

Following Moscow's invasion of Ukraine last year, Britain trumpeted new legislation requiring property-ownership disclosure aimed at cracking down on Russian oligarchs and corrupt elites laundering illicit wealth.

The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week's Federal Reserve meeting.

Three years after its departure from the European Union, Britain is yet to benefit from the Brexit dividend that was promised for its economy as it lags its peers on multiple fronts, including trade and investment.

A panel of academics and business executives on Monday urged the Bank of Japan (BOJ) to make its 2% inflation target a long-term goal instead of one that must be met as soon as possible, in light of the rising cost of prolonged monetary easing.

Whatever new year fillip the euro zone economy got from ebbing natural gas prices, the UK saw none of it - showing just how peculiarly British the downturn there has become and heaping pressure on the Bank of England.

Labour's slogan contrasts with the "Global Britain" promised by Boris Johnson when he took the country out of the EU at the start of 2020.

Bakers were already struggling with higher butter and flour costs, while the price of eggs has also spiked because of a national bird flu outbreak that has hit many French farms.

The Bank of England must decide next week how much higher it will raise borrowing costs as it tries to bear down on Britain's double-digit inflation rate without adding too much stress to an economy already close to recession.

Britain is lagging its peers in the race to spur economic growth and Prime Minister Rishi Sunak must act now to boost green investment, fix a lack of workers and avoid chaos over post-Brexit rules, the head of an employers group said on Monday.

Technological advancements are changing the way we work and the types of jobs available in the future. Some jobs may be eliminated, while others will be enhanced by the use of AI and machine learning.

Google's parent company Alphabet announced about 12,000 job cuts globally on Friday citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring.

Australia employment unexpectedly dipped in December following an outsized gain the month before in a sign the red-hot labour market might be cooling, though the jobless rate stayed near five-decade lows.

The EU's chief announced ambitious plans Tuesday to challenge China and the United States in the race for clean-tech industries, as a battle over green trade emerged at the World Economic Forum.

Pay growth in Britain - which is being closely watched by the Bank of England as it gauges how much higher to raise interest rates - picked up more pace in the three months to November, official data showed on Tuesday.

The reimagined 1.2-kilometre (0.75-mile) viaduct will eventually link bustling Camden with the revamped King's Cross district.

Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40%, a clear sign that Japan's rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting.

Weak confidence around personal finances and a squeeze on disposable income will hold back growth in food retail sales to around 5% in 2023, according to market researcher NielsenIQ.

Bank of England Chief Economist Huw Pill said on Monday that Britain is at risk of persistent inflationary pressure from a tight labour market, even if natural gas prices stabilise or fall, implying further rate rises may be needed.

Major stock markets mostly climbed Monday and oil prices rallied, building on optimism generated by China's Covid reopening and hopes the Federal Reserve will slow its pace of interest rate hikes.