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.

Britain's government stood accused Wednesday of actively undermining talks with union leaders in a bid to encourage strike action and depress workers' wages across the economy.

The Danish restaurant Noma, one of the world's top restaurants, will stop offering its services next year.

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.

Businesses in the UK are reinventing the way they run their organizations as industry dynamics change due to unprecedented inflation in the UK.

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.

Global equities traded sideways and the dollar bounced as investors braced for a crucial U.S.

The High Pay Centre, which compiled the report using company data and official statistics, called for a more "even" distribution of income.

All of the country's left-wing political parties, as well as the far-right National Rally, are against the changes and have vowed to join protests.

The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies.

World stocks inched higher, European bond yields dropped and the dollar held firm in light trading on Monday following warnings from the International Monetary Fund's managing director that a third of the world will fall into recession in 2023.

Britain's cost-of-living crisis has turned into a bitter winter in households trying to keep their energy bills down.

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.

Japanese factories slashed output for a third consecutive month in November, dragged down by weak demand for machinery products amid a deteriorating global economic outlook.

Erik ten Hag confirmed Manchester United's need for a forward following the departure of Cristiano Ronaldo, and admitted that his squad needs numbers to compete on different fronts.

Mikel Arteta wants to sign an attacking player in January with Mykhaylo Mudryk and Joao Felix being constantly linked with a move to the Emirates Stadium.

Japanese retail sales rose for a ninth straight month in November, data showed on Tuesday, as the lifting of COVID-19 border controls and the government's domestic travel subsidy helped consumer demand.

Mikel Arteta wants Arsenal to complete their transfer business early in January and will not add to simply make up numbers in the first-team squad.

Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold.

Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest rates take an even bigger toll and companies brace for the likelihood of a global economic downturn.

UK nurses on Tuesday staged a second one-day strike amid an increasingly acrimonious fight with the government for better wages and warnings that patient safety could be jeopardised.

If a settlement is not reached, the case will be pursued in the High Court in London, the legal firm warned in a statement.

Labour rights have been a hot topic for Qatar, virtually since it was awarded the World Cup 12 years ago.

The Bank of England raised its key interest rate by half a percentage point on Thursday and indicated that more hikes were likely, despite a looming recession, as it tries to bring down inflation that hit a 41-year high in October.

UK nurses stage unprecedented walkout

A ninth interest rate hike in a row by the Bank of England looks to be a foregone conclusion on Thursday and investors will be looking for clues on how many more will be needed with the economy sliding into recession but inflation still above 10%.

British inflation slowed more than expected in November but remained near the highest level in more than 40 years, official data showed Wednesday, as a cost-of-living crisis sparks fresh UK strikes.

Average pay for British public sector workers fell to a 19-year low in October, after adjusting for inflation, according to official data on Tuesday that underscored why so many are going on strike.

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.

Britain's economy remains on course for a long-lasting recession on fallout from the highest inflation in decades, analysts said on Monday, even if official data showed growth in October.