British employers expect to raise wages for their staff by the most in at least 11 years but the 5% pay deals for workers would still fall well below expected inflation, a survey published on Monday showed. With the Bank of England fearing the surge in inflation could be harder to tame if pay deals […]
Prime Minister Rishi Sunak welcomed a mega deal by Air India to buy 250 jets from Airbus , saying it would create jobs and boost exports from Britain, where the French plane maker designs and makes aircraft wings. The deal should create 450 manufacturing jobs and bring more than 100 million pounds ($122 million) of investment to […]
LVMH’s top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of Chinese demand following the easing of COVID-19 lockdowns. Louis Vuitton, the world’s biggest luxury brand, last February led the way to a string of price hikes from some of the industry’s […]
Britain’s FTSE 100 closed marginally higher on Tuesday, paring early gains as mixed U.S inflation data did little to soothe concerns about further Fed tightening, while strong gains by Vodafone drove other telecom stocks higher too. The blue-chip FTSE 100 closed up 0.08% after hitting a record high during the session, while the FTSE 250 midcap […]
Basic pay in Britain grew more quickly again in the last three months of 2022, underscoring the Bank of England’s worries about inflationary heat in the economy, but other data published on Tuesday suggested a cooling in the labour market. Despite being on the brink of recession, Britain’s jobless rate held close to five-decade lows […]
Britain’s King Charles met volunteers from the Turkish and Syrian diasporas in London on Tuesday to express his support after more than 37,000 people died and thousands left homeless by the recent earthquake in Turkey and north-west Syria. Charles shook hands with charity workers during a visit to West London Turkish Volunteers (WLTV), and chatted […]
U.S. retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor vehicles and other goods, pointing to the economy’s continued resilience despite higher borrowing costs. Coming on the heels of news on Tuesday that monthly inflation picked up last month, signs of […]
Sixty-two percent of Americans say race and ethnicity should not be considered at all in college admissions, according to new Reuters/Ipsos polling on policies at the center of high-profile cases before the U.S. Supreme Court this spring. The public opinion poll, which surveyed 4,408 adults from Feb. 6-13, found that 73% of Republicans and 46% […]
Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing, accelerating the rebirth of a national emblem under new owners Tata Group as Europe and the United States hailed deepening economic and political ties with New Delhi. The provisional deals include 220 planes from Boeing (BA.N) and 250 from Airbus (AIR.PA) and eclipse previous […]
The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank’s recommendations to help rein in climbing retail inflation, two sources with knowledge of the discussions told Reuters. However, a decision will only be taken after the release of February inflation data, one of the […]
