UK pay growth speeds up again as BoE frets about inflation
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.
Winger confirms contact with Arsenal as Arteta seeks alternatives
Mikel Arteta is seeking alternatives to bolster his front line after losing primary target Mykhaylo Mudryk to Chelsea.
Strikes in Britain set to intensify as teacher ballot results due
Strikes disrupting swathes of the British economy look likely to intensify this week, with teachers ready to announce industrial action, according to the Sunday Times, and nurses warning their strikes could double in size next month.
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.
Uniqlo owner gives Japan Inc a jolt with 40% wage hike
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.
European shares rise on bets of easing rate hikes
European shares advanced on Wednesday, buoyed by hopes of less aggressive interest rate hikes, while insurer Direct Line fell sharply after scrapping its full-year dividend.
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.
Dollar hovers near seven-month lows after jobs data
The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while China reopening its borders boosted riskier currencies.
Stock markets extend gains on Fed hopes, China
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.
UK PM Sunak says he is open to discussing pay rises for nurses
British Prime Minister Rishi Sunak said on Sunday he was willing to discuss pay rises for nurses ahead of a meeting with public sector trade union leaders in an effort to end the biggest wave of industrial disputes in decades.
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.
Global stocks tepid before U.S. jobs test; dollar stands tall
Global equities traded sideways and the dollar bounced as investors braced for a crucial U.S.
Top UK bosses earn average person's annual wage in days: survey
The High Pay Centre, which compiled the report using company data and official statistics, called for a more "even" distribution of income.
British rail workers start new year with week-long strike
British rail workers kicked off the new year with a week-long strike on Tuesday, disrupting the return to work for millions of commuters in the latest bout of industrial action to hit the country.
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.
Dollar touches one-week high vs yen, dips against sterling
The dollar touched a one-week high against the yen on Wednesday, boosted by a jump in Treasury yields and investor expectations for a rebound in Chinese growth as COVID-19 curbs loosen.
Japan Nov factory output falls on weakening global demand
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.
Barcelona continue to play games with €75m star; public stance unfounded
Barcelona have publicly stated that they have no desire to sell Frenkie de Jong, but sources close to the player feel like they could again attempt to offload him in January.
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.
Passport control staff strike at UK airports
Military personnel stood in for passport control staff at UK airports on Friday as Border Force officers walked out in an escalating wave of public sector strikes over pay.
Royal relative slams 'Harry & Meghan' as 'scripted, inauthentic'
Kate Middleton's uncle called the Netflix series "unfair" and alleged that it contained lies.
Qatar's migrant workers wary of life after the World Cup
Labour rights have been a hot topic for Qatar, virtually since it was awarded the World Cup 12 years ago.
UK nurses stage unprecedented walkout
UK nurses stage unprecedented walkout
Bank of England readies another rate hike even as recession hits
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%.
UK inflation slows, remains close to 11 percent
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.
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.
Britain braces for winter of strike action as nurses walk out
British nurses will go on strike this week, hitting already stretched hospitals and cranking up pressure on Prime Minister Rishi Sunak to quell the biggest wave of industrial action to hit the country in decades.
Bank of England to add 50 bps to Bank Rate on Dec. 15; peak at 4.25% in Q2: Reuters Poll
The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to 3.50%, despite the economy falling into recession, as it battles inflation running at more than five times its target, a Reuters poll found.
'We are not your enemy', say South Korean truckers striking for minimum wage protections
Inside five white tents outside the Uiwang container depot near Seoul, about 200 striking truckers huddle around gas heaters
UN agency seeks FIFA deal for World Cup labour rights role
The 2026 World Cup will be held in the United States, Canada and Mexico.