Germany Braces For Fresh Rail, Air Travel Strikes
Germany braced for more travel misery after unions on Monday called for renewed walkouts at Lufthansa and rail operator Deutsche Bahn, amid escalating rows over inflation-busting pay rises.
Doctors In England Step Up Strike Action Over Pay
Hospital chiefs on Wednesday warned of danger to patient safety from the latest doctors strike, the first time consultants and junior doctors in England have walked out at the same time.
Renters face 25% increase over next 3 years as landlords also grapple with increased costs
The Bank of England forecasts, however, predict salary growth of only 15 per cent over the same time period.
UK unemployment climbs as wages grow at record rate
UK unemployment increased in the three months to the end of June while wages grew at record annual pace, official data showed Tuesday, as the economy struggles with high inflation.
UK economy falters as outlook darkens
The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.
Survey uncovers concerns about staff retention in current economic environment
According to the 2023 SME Business Survey by HR Solutions, one in two SMEs is concerned about staff retention in the current economic climate.
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 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".
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.
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.
Four-day working week 'more productive': UK study
Productivity did not suffer from the lighter working weeks, with company revenue rising 1.4 percent on average over the trial.
Nurses in England stage new walk-out over pay
The main nursing union accuses the government of failing to negotiate seriously on improving their pay deal for the current year.
Japan retail sales up for 9th month led by tourism help
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.
Ambulance workers walk out in strike-hit UK
Health Secretary Steve Barclay, writing in the Daily Telegraph newspaper, accused the unions of making a "conscious decision" to "inflict harm" on patients.
Austrian trains grind to halt as rail workers strike
Wage increases are usually set by collective bargaining between the Austrian Economic Chambers and unions representing different branches.
Thousands rally in Spain to demand pay hikes amid high inflation
Thousands of Spaniards packed Madrid's landmark Plaza Mayor square on Thursday to demand higher pay in the first mass protest since the start of the cost of living crisis.
Italian Unions To Press For Big Wage Increase From Stellantis, Ferrari
Italian unions representing workers at Stellantis, Ferrari, Iveco and CNH Industrial will ask for a wage increase of over 8% to be paid in 2023 to help cover soaring energy and food bills, a senior source familiar with the matter said on Wednesday.
Lego Posts Strong Growth On Robust Demand, New Store Openings
Lego on Wednesday posted double-digit sales growth in the first half of the year, driven by new store openings and robust demand for its colourful plastic bricks despite rising costs and inflation hitting consumers.
UK house price surge to end as cost of living crisis bites - Reuters poll
The surge in British house prices will come to an end next year as the cost of living crisis and rising borrowing costs put the brakes on what has been a buoyant market for years, a Reuters poll found.
UK port strike threatens to deepen supply chain and price woes
UK workers are striking in vast numbers as runaway inflation erodes wages at a record pace and is set to plunge the economy into recession.
UK dock workers' union threatens further strikes
A trade union on Monday warned of more strikes at the UK's largest container port if pay demands are not met, threatening to cause further disruptions to the supply chain.
Public Sector Paralysed As Lebanon Lurches Towards 'Failed State'
It's a weekday, but 50-year-old Lebanese finance ministry employee Walid Chaar is not at work and hasn't been since June.
Airlines' fragile recovery from Covid
Airlines, including British Airways and Lufthansa, have been forced to axe thousands of flights owing to a lack of staff.
Why wages should keep up with inflation: the economic case for getting a pay rise
The basic idea is that the consistent ratcheting up of workers' pay to match inflation and cost of living increases leads to firms raising prices to protect their profit margins.
Now the World Cup dream is over English football must confront an insolvency nightmare
As the joy at England's World Cup performance fades the grim reality of the financial crisis facing UK football clubs is coming home to roost.
Robots to the rescue: How automation can create a more equal society
Discussion on automation often focuses on dystopian outcomes but it could improve gender equality at work.
Having too much money can make you unhappy, study finds
When it comes to how much money an individual earns, there may be an optimal amount that will make you happy.
Conservatives are better looking than liberals, says study
A new study indicates attractive people are more likely to be conservative than liberal, as better treatment makes them blind to the need for left-wing policies.
Women find men 2 points more attractive out of 10 if their salary increases by this amount
Study from University of Aberdeen finds economic status does have an effect on attractive of men, but not the same for women.