Kenton store organises free Santa's grotto for walk-in customers
Kenton store owners sponsor a get-together to give back to the community this holiday season amidst cost of living crisis.
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.
Bank of England warns of rising pressure on British households and businesses
The Bank of England warned on Tuesday about "significant pressure" on households and businesses due to higher inflation and borrowing costs, but said they were more resilient than before the global financial crisis.
Tunisians dream of moving to Germany as crisis bites
Germany is becoming a key destination for disillusioned young Tunisians despite a language barrier and the North African nation's long history of ties with France.
Eurozone unemployment drops to record low
Unemployment in the eurozone has dropped to a record low, at 6.5 percent in October, the EU's Eurostat statistics office said Thursday.
France aims to curb jobless benefits with link to job market strength
The French government plans to rein in unemployment benefits when the jobless rate is less than 9% under a plan presented on Monday that aims to tackle staff shortages that companies say are holding back business.
Charles III welcomes S.Africa president in first state visit of reign
Ramaphosa was last in London for the state funeral of the queen at Westminster Abbey in September.
Jobless rate rises as UK prepares to tighten belts again
Britain's unemployment rate unexpectedly rose and vacancies fell for a fifth report in a row as employers worried about the outlook for the economy, official data showed on Tuesday, ahead of a tough government budget plan later this week.
UK budget predicted to be a nightmare before Christmas
Britain will Thursday hike taxes and slash public spending in a government budget that signals a return to austerity despite a cost-of-living crisis and recession headwinds.
EU warns of 'difficult months' as eurozone faces recession
The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.
Euro, sterling jump, dollar tumbles as market turns to risk assets
The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market.
Bank of England raises rates by most since 1989 even as long recession looms
The Bank of England raised interest rates by the most since 1989 on Thursday but it also warned that Britain faced a long recession and told investors borrowing costs were likely to go up by less than they expect.
Global economy approaching a recession, central banks unchained - Reuters poll
The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation.
European shares slide for fifth straight day on growth worries
European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates.
BoE widens action on 'UK financial stability' fears
The Bank of England on Tuesday unveiled yet more measures aimed at calming markets rocked by a UK budget as it warned over risks to the nation's financial stability.
UK labour market exodus drives jobless rate down to 3.5%
Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England's inflation headaches.
Dollar climbs as case for U.S. rate hikes firms
The dollar started the week firmly on Monday, with a strong U.S.
Futures Pare Losses As Jobless Claims Data Calms Rate-hike Fears
U.S. stock indexes futures pared losses on Thursday, with Nasdaq futures briefly turning positive after data showing an increase in weekly jobless claims suggested the Federal Reserve may need to ease its aggressive monetary tightening cycle.
U.S. Weekly Jobless Claims Surge Partly Because Of Hurricane Fiona
The number of Americans filing new claims for unemployment benefits increased by the most in four months last week, but the labor market remains tight even as demand for labor is cooling amid higher interest rates.
Euro zone bond yields rise, focus on economic data
Euro zone government bond yields rose on Wednesday, but stayed well below multi-year highs, as concerns about systemic risks and economic slowdown led investors to lower bets on where interest rates might peak.
Mini-budget: lessons from the UK's long history of economic crises
From 1925, the Bank of England had kept interest rates high to keep the pound at a fixed parity to gold
Eurozone inflation jumps to record 10% as energy prices soar
Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday.
Swiss National Bank ends era of foreign currency purchases
The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022, data on Friday showed, ending an era of heavy foreign currency purchases to curb the franc's gains.
Fed's Evans Sees Interest Rates Peaking At 4.50-4.75%
The U.S. Federal Reserve will need to raise interest rates to a range between 4.50% and 4.75%, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank's hardening resolve to quash excessively high inflation.
Mini budget: how will tax cuts and stamp duty affect young adults?
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.
Fed Set For Big Rate Hike As Waters Get Choppy For World's Central Banks
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.
Analysis-Rally In U.S. Consumer Stocks Teeters With Fed, Inflation In Focus
Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in consumer discretionary stocks, though some investors believe the sector will outperform other areas of the market if growth begins to wobble in coming months.
US Fed Set To Raise Interest Rates As Recession Fears Mount
US Fed set to raise interest rates as recession fears mount
Asian stocks brace for salvo of central bank hikes
Share markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States.
UK unemployment hits lowest since 1974 but jobs boom is fading
Britain's jobless rate hit its lowest since 1974 but the drop was due mostly to a fall in the size of the workforce and there were other signs that the country's jobs boom is petering out, adding to the Bank of England's inflation headache.