European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and interest rates just as the European Central Bank is expected to raise borrowing costs further.

Three years after its departure from the European Union, Britain is yet to benefit from the Brexit dividend that was promised for its economy as it lags its peers on multiple fronts, including trade and investment.

Since industrial action first started to gather speed last year, concerns have been raised about a wage-price spiral causing entrenched inflation.

Fashion supply chain characterised by short product life cycle and high volatility as demand in fast-paced industry remain unpredictable since Covid-19.

Australia employment unexpectedly dipped in December following an outsized gain the month before in a sign the red-hot labour market might be cooling, though the jobless rate stayed near five-decade lows.

British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households remained intense as food and drink prices rose at the fastest pace since 1977.

Steps taken by the government so far to try to generate growth have been questionable.

Slowing the economy typically means that job creation also decelerates, as borrowing becomes more expensive.

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.

The Federal Reserve's effort to shock the economy back to lower inflation is in its early days, making it tough for the U.S. central bank to avoid overdoing it.

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.

The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43% in December, pointing to a still-tight labor market that could force the Federal Reserve to keep hiking interest rates.

European shares slipped in the last trading session of a rough year marked by geopolitical tensions and fears of a recession as central banks tightened monetary policies.

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.

Kenton store owners sponsor a get-together to give back to the community this holiday season amidst cost of living crisis.

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.

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.

Britain saw the most widespread house price falls since early in the COVID-19 pandemic last month, as demand from buyers and sales activity slowed in the face of higher borrowing costs, a survey showed on Thursday.

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.

Britain's economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday.

Unemployment in the eurozone has dropped to a record low, at 6.5 percent in October, the EU's Eurostat statistics office said Thursday.

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.

Ramaphosa was last in London for the state funeral of the queen at Westminster Abbey in September.

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.

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.

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.

The number of people who have dropped out of Britain's job market since 2019 and who now cite a long-term illness or mental health problems has risen by half a million or about 25%, the Office for National Statistics (ONS) said.

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.

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.

The Bank of England will pass a major milestone on Tuesday when it holds a first auction to sell some of the 875 billion pounds ($1.01 trillion) of government bonds it bought during successive quantitative easing (QE) programmes from 2009-2021.