BRITISH WAGES
Why immigration is a major issue in Britain's election
British Prime Minister Rishi Sunak pledges to cut immigration if Conservative Party wins election, aiming to distinguish from Labour. Immigration has long been a key issue in UK politics, impacting public services and society. Recent efforts to reduce immigration have resulted in decreased numbers but sparked debate over benefits and costs.
How much will Kylian Mbappe earn with transfer to Real Madrid? Know his net worth
The star footballer has signed a 5-year contract with the Spanish club and is expected to still earn less than what he was making in his previous club.
Germany just launched its new point-based Opportunity Card. The best part? You don't need a job offer or family sponsorship
Germany's new Opportunity Card, also known as 'Chancenkarte,' offers a one-year residence permit for non-EU candidates to search for employment without a permanent contract, attracting skilled workers with simplified entry and job search processes.
BoE leaves key rate unchanged at 5.25%; moves closer to first rate cut since 2020
The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%. The MPC has now kept rates on hold at six meetings in a row but it hinted that a first cut since March 2020 at the onset of the COVID-19 pandemic could come as soon as its next meeting in June, a potential boost for Prime Minister Rishi Sunak.
British envoy says Israel is 'making a decision to act' as Iran vows to respond to any incursion
Israel has vowed to respond to Iran's unprecedented attack without saying when or how, leaving the region bracing for further escalation after months of unrest linked to the ongoing war in Gaza.
UK unemployment rises as wage growth eases
The UK unemployment rate rose to 4.2 percent in the three months to the end of February, up from 3.9 percent in the three months to January, the Office for National Statistics (ONS) said in a statement.
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"Modi's Billionaire Raj more unequal than British Raj": Congress slams Centre over income inequality report
Jairam Ramesh said the share of national income earned by India's top 1 per cent is now at its highest historical levels and is among the highest globally. The rise of top-end inequality has been particularly pronounced between 2014 and 2023, which corresponds to the "dus saal anyay kaal' and the Modi government's policies have directly caused this perverse growth through three methods -- enrich the rich, impoverish the poor and hide the data, he said.
Pound is beating 92% of global currencies on UK economic rebound
The pound rose to around $1.29 last week, its highest level in seven months, recording its best week since November versus the dollar. Data in coming days could help reinforce those gains and bolster the narrative that the UK economy is making a comeback.
UK inflation holds at 4.0% in relief for BoE
Consumer price inflation in the UK remained steady at 4.0% in January, defying expectations of a rise. The stable inflation rate is seen as positive for the Bank of England, which may now consider cutting borrowing costs from their current high. The inflation is expected to decrease further in the coming months. However, sterling weakened against the dollar and the euro following the release of the inflation data, as investors increased their bets on BoE rate cuts.
US, Britain wage strikes against Iran-linked Houthis in Yemen
The strikes hit buried weapons storage facilities, missile systems, launchers and other capabilities the Houthis have used to attack Red Sea shipping, the Pentagon said, adding it targeted 13 locations across the country.
Recession-threatened UK economy rebounds in November, official data shows
Britain's recession-threatened economy rebounded in November from the previous month, official data showed on Friday. Separate recent data showed Britain's economy shrank in the third quarter of last year, raising fears of a recession before UK elections expected in 2024.
Flights delayed as Geneva airport workers go on strike
A number of flights from Geneva airport were delayed and some were cancelled during the holiday rush Sunday, as dozens of ground staff went on strike over a wage dispute. The airport acknowledged that the work stoppage was delaying flights during the busy Christmas rush.
British PM Rishi Sunak says UK standing by Israel in its darkest hour
The UK prime minister acknowledged the "shocking scenes" over the past day, including the aftermath of an explosion at a Gaza hospital, saying "we mourn the loss of every innocent life."
Independence Day: 165 million unaccounted Indian victims of the British colonial regime
A research article published last year has brought to light how policy-induced famines killed tens of millions of Indians in 40 years,1880 to 1920, the deaths which have never been attributed to the colonial regime. And the number of deaths in the period could easily be higher due to improper documentation by the government.
UK: Senior NHS Doctors on 48-hour-strike, know how much they are paid
The senior doctors or medical consultants working for the National Health Service (NHS) in England have gone on a 48-hour strike Thursday.
NHS medical consultants’ strike looms large as Rishi Sunak govt refuses further talks
The UK government’s medical director has said that the medical consultants' strike on the heels of the junior doctors’ strike will hit the NHS hard.
UK to increase its visa fee to meet health sector cost
Visa applicants from around the world, including Indians, will have to pay significantly higher fees and health surcharge when accessing the UK's state-funded National Health Service (NHS), according to the country's Prime Minister Rishi Sunak. Sunak confirmed a hike of between 5% and 7% for the fees and health surcharge.
UK wage growth matches record high but job market shows signs of cooling
Sterling edged up but yields on two-year British government bonds, which are sensitive to speculation about interest rates, fell sharply, suggesting investors were dialling back their bets on how much higher the BoE would go with its run of rate hikes.
UK tabloid group admits it unlawfully gathered info on Prince Harry
The admission of snooping for a 2004 article headlined “Sex on the beach with Harry” may have marked a tiny victory for the Duke of Sussex, but the story in question was not one of the nearly 150 that Harry claimed resulted from unlawful news gathering between 1995 and 2011.
UK unemployment edges up but pay growth beats forecasts
The UK's unemployment rate unexpectedly rose to 3.8% in the three months to February, its highest since Q2 2022, highlighting a dilemma for the Bank of England (BoE). The raise in unemployment alongside unexpected wage growth of 5.9%, rather than 5.1% predicted in a Reuters poll, may concern the BoE, which is considering raising interest rates again.
UK unemployment at historic low but inflation hits wages
The unemployment rate was stable at 3.7 percent in the three months to the end of January compared with the three months to the end of December, the Office for National Statistics (ONS) said in a statement. Wages excluding bonuses rose 6.5 percent -- but dived 3.5 percent when inflation is taken into account.
Pursuing 'great' deal with India, says UK trade minister
Highlighting her priorities since taking charge of the newly merged Department for Business and Trade, Badenoch said her ministry is keen to make it easier for British businesses to access the fast-growing Indian economy with the new trade agreement.
India-UK FTA talks progress encouraging, says British industry expert
Syma Cullasy-Aldridge is the Chief Campaigns Director at the Confederation of British Industry (CBI) and has just returned after leading the group's first-ever business delegation to New Delhi and Mumbai aimed at unlocking opportunities of a potential FTA.
Inflation built into wages, won't go away without significant US recession: Anurag Singh
I think it will only go once there is at least a shallow recession and once the employment market comes into balance with the larger economy. 3.7% unemployment, I think is too low and that is where the wages begin to catch up and then they begin to lead the inflation.
UK Christmas strikes: Doctors in Wales 'willing' to join strike for first time
Doctors in Wales are likely to join the strikes happening over pay and working conditions. According to the union, the take-home pay of junior doctors has reduced by about 25% in the last 15 years in real terms.
Five Indo-Canadians inducted as ministers in British Columbia province
The new cabinet includes 23 ministers, four ministers of state and 14 parliamentary secretaries, according to a press release issued by the British Columbia government on Wednesday.
British finance minister reveals UK in recession, unleashes tax rises
Chancellor Jeremy Hunt tabled the Autumn Statement in the House of Commons, cheered on by British Prime Minister Rishi Sunak, to lay out the government's plans to get the economy back on track following the shockwaves of a rolled back mini-budget of predecessor Liz Truss in September.
British public wants free meal scheme at schools to get extended. This is what happened
Around 74% of the British public wants the free meal scheme at schools to get expanded. National Education Union (NEU) and a media outlet are campaigning to end child hunger.
150,000 Bangladeshi tea workers strike against dollar-a-day wages
The minimum wage for a tea plantation worker in the country is 120 taka a day -- about $1.25 at official rates, but only just over a dollar on the free market. One worker said that was barely enough to buy food, let alone other necessities.
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