France faced disruptions on Tuesday after unions called a nationwide transport strike.

British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a tough winter ahead.

New research by the International Monetary Fund shows that sustained wage-price spirals are historically rare, and recent sharp interest rate hikes by central banks are likely to help prevent high inflation expectations from becoming entrenched.

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.

Train travel in Britain was disrupted on Wednesday by the latest in a string of strikes by railway workers over wages.

Euro zone finance ministers are likely to pledge on Monday that national financial shields against soaring energy costs will be temporary and targeted, so as not to trigger a wage-price spiral that would boost already record high inflation, officials said.

Liz Truss's government is following an economic doctrine which argues that richer people are more likely to invest, set up businesses, hire people and grow the economy.

The UK central bank said it would "not hesitate to change interest rates by as much as needed" to curb high inflation -- hinting at further pain for British households and companies.

Britain on Wednesday announced a six-month plan to pay about half of energy bills for businesses.

Lady Louise is now enrolled in St Andrews University, the school where Prince William met Kate Middleton.

Japan should not raise interest rates to stem recent sharp falls in the yen to 24-year lows but instead deploy further fiscal stimulus to ease the pain of rising living costs caused by the weak currency, the head of the country's opposition party said.

UK inflation has eased on lower motor fuel costs but remains close to 40-year peaks, official data showed Wednesday as the nation faces more strikes over a cost-of-living crisis.

For a while, COVID-19 appeared to put the brakes on the nomadic dream, as most were forced to head home to western countries and the safety net of healthcare systems.

Universities call for a tuition fee rise – here's what that would mean for students and taxpayers

Against the background of Britain's cost of living crisis, Premier League clubs showed no caution, reportedly breaking the all-time record spending total for an entire season.

As US midterms loom, Biden heads to Philadelphia to condemn Trump supporters

British trade union membership is currently around 6.5 million, but was more than double that in the late 1970s, when unions worked together to bring the UK to a standstill.

Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

UK inflation hits new 40-year high as food prices rocket

The two candidates battling to be Britain's next prime minister vied to present themselves as defenders of Scotland's place in the United Kingdom on Tuesday, promising more scrutiny of Scotland's government to undermine a new push for independence.

Britain's financial watchdog said on Tuesday that the cost of living crisis, meeting climate targets and improving diversity should be reflected in how banks determine pay and bonuses.

Around 5,000 train drivers across almost a quarter of Britain's rail network went on strike on Saturday, as part of a campaign for higher pay after the country's inflation rate hit its highest in 40 years.

Former finance minister Sunak has denounced Truss's "fairy tale economics", vowing to tame surging inflation first, but has admitted that he is the "underdog" against the foreign secretary.

The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, or whether the warning signs of a recession mean it should tread more cautiously.

SAS and pilot unions have reached a wage deal, the Scandinavian airline confirmed on Tuesday, ending a 15-day strike over a new collective bargaining agreement that had grounded 3,700 flights and put the carrier's future in doubt.

The debate has ripped open Conservative tensions about the direction of economic and environmental policy under whoever succeeds Johnson.

Britain is set to have the lowest economic growth of any Group of Seven country, projections show.

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.

New Zealand's easing of its strict border curbs has triggered a rush of new departures among locals seeking fresh opportunities abroad, adding further pressure to the country's already tight employment market.

Dani Alves was dropped by the club after a six-month comeback deal.