Lawyer Explains Why Termination Meetings Are Short and 3 Questions To Ask When Fired
The UK is witnessing a rapid increase of contract terminations and final meetings are being cut short to avoid liabilities.
What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits
While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.
China New Year Holiday Spending Surges Past Pre-pandemic Levels
China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.
UK Economy Slides Into Recession Ahead Of Election
Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.
Stock Markets Mixed As Investors Digest Corporate Results
While US stocks closed up, the picture in Europe was less positive: London, Paris and Frankfurt all ended lower as investors locked in profits from recent gains.
Unemployment Rate in the UK: Official Figures Show Potential Discrepancy
The new data, derived from experimental results within the Labour Force Survey, could potentially exert pressure on the Bank of England to reconsider any immediate plans for interest rate cuts.
US Fed Rate Cuts Become Question Of When, Not If
The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent.
UK Wage Growth Continues To Slow And Threaten Labour Market
The Office For National Statistics reports that the annual rate of growth in earnings, including annual bonuses, has slowed to 6.5 per cent.
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.
Stock Markets Mixed As Trading Year Nears End
Global stocks were mixed Thursday on the penultimate trading day of 2023, while oil prices fell on easing worries about shipping disruptions in the Red Sea.
Bank Of England Holds Interest Rate, Warns On Inflation
The Bank of England on Thursday held its key interest rate and warned it will remain high to tackle inflation, indicating in contrast with the Federal Reserve that cuts were unlikely any time soon.
Cooling US Inflation Raises Hopes Of An End To Rate Hikes
US consumer inflation cooled more than expected last month, according to government data published Tuesday, providing welcome news for policymakers looking to control price increases without damaging the economy.
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.
US Fed Likely To Pause Again With Rates At 22-year High
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.
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.
Strategize Against Your FOMO
If you were a calf and saw your entire herd stampeding off into the distance, you'd likely feel you should join in too.
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.
Israel Order 'Total Blockade' On Gaza And Destroys 1,000 Hamas Targets After Death of 900 Israel
In retaliation for the mass murder of more than 900 Israeli nationals, Israel has cut off all food, water and electricity supplies in Gaza. In Gaza, more than 700 people have been killed in the air strikes.
Study Shows British Youths and Women Prone To Digital Poverty
The Digital Poverty Alliance published a report that shows 18 to 34-year-old British youths and women are more prone to digital poverty than 35 to 55-year-old Brits and men, and improving digital skills could save 24,000 lives annually.
Wall Street Mixed While Europe Sinks On Renewed Rate Worries
Wall Street stocks were mixed Monday after the US narrowly avoided a government shutdown, while European indexes tumbled on renewed interest rates concerns.
Elon Musk Visits Texas-Mexico Border, Says 'Welcome Hard-Working Immigrants'
Musk live-streamed his visit to the US-Mexico border to give people an idea of the "real situation".
Over 30,000 Economically Inactive British Youths to Get Youth Offer Employment Support
Economically inactive British youths can now get employment support through the Youth Offer programme, which will reduce work barriers with assistance like interview coaching.
Unison Reject New Pay Offer And Will Continue With School Strikes
Unison members will strike across 24 council areas for three days from Tuesday in a dispute over pay, following their rejection of Cosla's recent offer.
Stock Markets Across the G20 Are under Strain as They Face a Host of Challenges
Whilst high interest rates are putting pressure on Western stock exchanges, China and Russia are facing difficulties of their own.
US stocks shrug off sticky inflation data, Europe mixed
US stocks advanced Thursday as investors shrugged off sticky inflation data and its impact on future central bank policy on interest rates, but European stocks mostly dipped.
Eurozone inflation stagnates in August
Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid fears of a deepening economic downturn.
China halves stock trade tax to boost market
China halved the stamp duty on securities transactions, state media reported Sunday, in an effort to restore confidence in the world's second-largest stock market as the country battles an economic slowdown.
With the unique volatility of the UK housing market, is now a good time to buy or sell property?
The Halifax House Price Index found a -2.4 per cent annual decline, a monthly change of -0.3 per cent, in house prices, with the Director of Halifax Mortgages insisting that the equivalent of this drop in terms of cash is a thousand pounds.
UK annual inflation drops to 15-month low
Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists' expectations.
UK's long-term sick pile pressure on economy
The number of people not working in t.he UK due to chronic illnesses has soared since the pandemic, putting pressure on the British economy, analysts said on Tuesday.