EU tests banks' ability to withstand 'high-for-long' interest rates
European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and interest rates just as the European Central Bank is expected to raise borrowing costs further.
Three years on, Britain still waits for Brexit dividend
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.
Strikes: why refusing public sector pay rises won't help reduce inflation
Since industrial action first started to gather speed last year, concerns have been raised about a wage-price spiral causing entrenched inflation.
Exploring the UK Fashion supply chain crisis
Fashion supply chain characterised by short product life cycle and high volatility as demand in fast-paced industry remain unpredictable since Covid-19.
Australia jobs take surprise dip in Dec, but unemployment stays low
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.
UK inflation edges down to 10.5% in December, food prices surge
British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households remained intense as food and drink prices rose at the fastest pace since 1977.
What's in store for the UK in 2023? Here's one economist's view
Steps taken by the government so far to try to generate growth have been questionable.
Fed official sees chance to lower inflation without major downturn
Slowing the economy typically means that job creation also decelerates, as borrowing becomes more expensive.
BoE's Pill sees risk of persistent inflation, even if gas prices fall
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.
Fed faces 'difficult' call to avoid overdoing rates shock, Romer says
The Federal Reserve's effort to shock the economy back to lower inflation is in its early days, making it tough for the U.S. central bank to avoid overdoing it.
Big fall in euro zone inflation offers little help for ECB
Euro zone inflation tumbled last month but underlying price pressures are still rising and economic growth indicators are surprisingly benign, suggesting that the European Central Bank will keep raising interest rates for months to come.
U.S. labor market strong at end of 2022; trade gap narrows sharply
The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43% in December, pointing to a still-tight labor market that could force the Federal Reserve to keep hiking interest rates.
European shares slip, set for worst annual performance since 2018
European shares slipped in the last trading session of a rough year marked by geopolitical tensions and fears of a recession as central banks tightened monetary policies.
Jobs for Emiratis: UAE pushes work for own citizens
With foreign workers making up the vast bulk of private sector jobs in the United Arab Emirates, the Gulf's second-largest economy wants to boost opportunities for its own citizens.
Kenton store organises free Santa's grotto for walk-in customers
Kenton store owners sponsor a get-together to give back to the community this holiday season amidst cost of living crisis.
UK jobless rate rises again but pay growth keeps Bank of England on edge
Britain's jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationary heat in the labour market is cooling as the economy stumbles, including an increase in older people looking for work.
Bank of England warns of rising pressure on British households and businesses
The Bank of England warned on Tuesday about "significant pressure" on households and businesses due to higher inflation and borrowing costs, but said they were more resilient than before the global financial crisis.
UK sees most widespread house price falls since May 2020: RICS
Britain saw the most widespread house price falls since early in the COVID-19 pandemic last month, as demand from buyers and sales activity slowed in the face of higher borrowing costs, a survey showed on Thursday.
Tunisians dream of moving to Germany as crisis bites
Germany is becoming a key destination for disillusioned young Tunisians despite a language barrier and the North African nation's long history of ties with France.
UK economy to shrink in 2023, risks 'lost decade': CBI
Britain's economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday.
Eurozone unemployment drops to record low
Unemployment in the eurozone has dropped to a record low, at 6.5 percent in October, the EU's Eurostat statistics office said Thursday.
France aims to curb jobless benefits with link to job market strength
The French government plans to rein in unemployment benefits when the jobless rate is less than 9% under a plan presented on Monday that aims to tackle staff shortages that companies say are holding back business.
Charles III welcomes S.Africa president in first state visit of reign
Ramaphosa was last in London for the state funeral of the queen at Westminster Abbey in September.
Jobless rate rises as UK prepares to tighten belts again
Britain's unemployment rate unexpectedly rose and vacancies fell for a fifth report in a row as employers worried about the outlook for the economy, official data showed on Tuesday, ahead of a tough government budget plan later this week.
UK budget predicted to be a nightmare before Christmas
Britain will Thursday hike taxes and slash public spending in a government budget that signals a return to austerity despite a cost-of-living crisis and recession headwinds.
EU warns of 'difficult months' as eurozone faces recession
The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.
Half a million UK workers drop out of workforce, citing long-term illness
The number of people who have dropped out of Britain's job market since 2019 and who now cite a long-term illness or mental health problems has risen by half a million or about 25%, the Office for National Statistics (ONS) said.
Euro, sterling jump, dollar tumbles as market turns to risk assets
The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market.
Bank of England raises rates by most since 1989 even as long recession looms
The Bank of England raised interest rates by the most since 1989 on Thursday but it also warned that Britain faced a long recession and told investors borrowing costs were likely to go up by less than they expect.
Explainer: Why is the Bank of England selling government bonds?
The Bank of England will pass a major milestone on Tuesday when it holds a first auction to sell some of the 875 billion pounds ($1.01 trillion) of government bonds it bought during successive quantitative easing (QE) programmes from 2009-2021.