Why wages should keep up with inflation: the economic case for getting a pay rise
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.
Levelling up the UK: 'I'll believe it when I see it'
As prime minister, Boris Johnson vowed to bring long-neglected post-industrial areas level with other, more prosperous places.
Former UK finance minister Sunak bids to replace PM Johnson
British former finance minister Rishi Sunak said on Friday he was running to replace Boris Johnson, three days after helping to launch the cascade of resignations that brought the prime minister down.
Fed's Williams Sees Growth Lagging Below 1% In 2022
U.S. economic growth could fall below 1% this year and remain sluggish through 2023 as the Fed acts "resolutely" to curb inflation, New York Federal Reserve president John Williams said Friday.
Analysis-'Oil To The Fire': Poles Face More Rate Hikes As Government Keeps Cash Flowing
Hopes that the Polish central bank's monetary policy tightening cycle may be nearing its end could be shattered by government policies aiming to support domestic demand and ease the pain of inflation in a pre-election year, economists say.
Factbox: If UK PM Boris Johnson is ousted, who could replace him?
Britain's finance and health ministers resigned in quick succession on Tuesday, in moves that put the future of Prime Minister Boris Johnson in peril after a series of scandals that have damaged his administration.
First-time Voters Weigh What They've Never Known - Turkey Without Erdogan
Six million first-time voters are set to effectively decide whether to extend President Tayyip Erdogan's rule into a third decade or to opt for something they have never known - Turkey under a different leader.
Galvanisers wanted: Post-Brexit worker shortages strain UK employers
British manufacturing firm Corbetts the Galvanizers used to rely on a stream of workers from Poland and Romania to fill its shop floor, where steel is dipped into a long vat of molten zinc at temperatures of around 450?C (842?F).
UK Economy Faces Double Threat Of Inflation Surge, Recession Risk
Britain's economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession, leaving the Bank of England in a dilemma about how much further it should raise interest rates.
For Some Ukrainians, War Forces Dramatic Career Changes
For some Ukrainians, war forces dramatic career changes
'Backfiring' UK Response To Strikes Must Change, Union Chief Urges
Britain's heavy-handed approach to industrial relations has backfired as employees reject its "nonsense" demands for pay restraint and increasingly join unions, the head of the country's biggest trade union umbrella group said.
The latest Bank of England rate rise won't do much to tackle inflation - here's what could work
As interest rates rise, consumers and businesses will find it more costly to borrow to invest and spend, and aggregate demand will fall further.
Analysis-Nerve-racking week leaves bond investors calling for fast rate hikes
A series of surprise actions by some of the world's largest central banks fretting about runaway inflation has left bond investors battered.
Explainer-What's New With The Fed's Bank Stress Tests In 2022
The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday.
Europe's summer of discontent reveals travel sector labour crisis
After 21 years as a service agent at Air France, Karim Djeffal left his job during the COVID-19 pandemic to start his own job-coaching consultancy.
UK's Sunak hardens attitude to BoE's Bailey as inflation roars
British finance minister Rishi Sunak has toughened his language towards Bank of England Governor Andrew Bailey, a reflection of the political pressure piling on them both as inflation surges towards double digits.
BoE Unveils Fifth Rate Hike In Row As Inflation Soars
The pound slumped one percent against the dollar following the announcement, one day after the Federal Reserve hiked US interest rates far more aggressively to fight runaway consumer prices in the world's biggest economy.
UK Jobs Market Loses Some Of Its Inflation Heat
Britain's jobless rate rose for the first time since late 2020 and other measures of the country's hot labour market cooled, potentially easing inflation worries at the Bank of England which is due to raise rates again this week.
The Pandemic Broke The Fed's Model; This Week May Show How Much
Federal Reserve Chair Jerome Powell used his first four years as the world's top central banker to reshape U.S.
U.S. Banks Finally See Upturn In Credit-card Borrowing
Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.
Pakistan To Make IMF-backed Painful Economic Adjustments In FY2022-23 Budget
Pakistan's government is set to present a budget for financial year 2022-23 on Friday aimed at tight fiscal consolidation in a bid to convince the International Monetary Fund (IMF) to release much-needed bailout payments for the cash-strapped country.
Cost of living crisis: what research says about the potential psychological impact
The poorest 10% of households spend up to three times more of their family budget on food and energy bills as compared to the wealthiest 10%
Factbox-If UK PM Boris Johnson is ousted, who could replace him?
British Prime Minister Boris Johnson is facing a confidence vote on Monday following a series of scandals, including a damning official report about COVID-19 lockdown-breaking parties at his official residence.
Wages: why are they not keeping up with inflation?
As a challenge to economic theory, workers are facing cuts in their real pay with seemingly no prospect of wages catching up with headline inflation. This is despite the fact that unemployment is low.
Asia stocks edge higher, dollar in the doldrums
The steadier market mood has seen the safe-haven dollar and yen decline, while the euro was boosted by hawkish comments from European Central Bank (ECB) officials who have been flagging a rate hike as early as July.
Analysis-Britain's shrunken workforce hampers COVID recovery
Before the pandemic, Britain enjoyed steady labour force growth and high rates of participation.
Global firms warn of sluggish China demand due to lengthy COVID curbs
Retail sales in April shrank 11.1% year-on-year, after falling 3.5% in March.
UK unemployment dips but wages hit by inflation
Total employment remained below its pre-pandemic level, with job vacancies at a record-high of almost 1.3 million at the end of April.
UK to enter recession this year, think-tank NIESR forecasts
NIESR cut its UK growth forecast for 2022 to 3.5% from 4.8%, and downgraded its 2023 forecast to 0.8% from 1.3%
U.S. unemployment rate expected to fall to 3.5% in April, job gains to slow
There are concerns the Fed could raise rates too high and choke off economic growth