Workers give Amazon until Wednesday to present improved offer after Tilbury strike August 7, 2022 Workers have given Amazon until Wednesday to present an improved pay offer after staff walked out last week over salaries, City A.M. understands. Around 450 workers at the Tilbury warehouse went on strike on Wednesday night and Thursday after Amazon responded to demands for a pay increase with a 35p per hour raise. Members of [...]
Steaming US jobs market raises risk of another jumbo Fed rate hike August 7, 2022 The US jobs market is still steaming despite the world’s biggest economy wobbling under the weight of soaring inflation and higher interest rates, figures published last week showed. America added 528,000 jobs in July, pushing the unemployment rate down to 3.5 per cent, below pre Covid-19 levels, according to data from the US Labor Department. [...]
Boost financial education to nurture young investors, says London Stock Exchange boss August 7, 2022 The boss of the London Stock Exchange has called for better financial education in schools to prevent a generation of young investors being shut out of capital markets.
Musk urged to build Tesla factory in Teeside August 7, 2022 World's richest man Elon Musk has been urged to construct a Tesla plant in North East England by Tees Valley Mayor Ben Houchen.
UK prepares to simulate supply crunch as challenging winter looms August 7, 2022 The UK is preparing to simulate a gas supply crisis, to test how resilient the energy system is in the case of emergency shortages this winter.
Truss hasn’t ruled out emergency cash payments, says ally Penny Mordaunt August 7, 2022 Liz Truss has not ruled out giving Brits cash payments later this year to combat the cost of living crunch, Penny Mordaunt has said. The senior Truss ally, and fallen leadership contender, today said that people had been “overinterpreting” comments made by the foreign secretary this weekend about her policy plans. Truss told the Financial [...]
Bus drivers join ‘summer of discontent’ and announce strike for 19 and 20 August August 7, 2022 London bus drivers have joined the UK’s “summer of discontent” and announced a strike for 19 and 20 August following a dispute over salaries. The union Unite said more than 1,600 of its members working for bus operator London United will join the walkout after the company’s parent, RATP Dev Transit, offered a 7.8 pay [...]
US Federal Reserve’s rate hike cycle takes centre stage in investors’ minds August 7, 2022 Investors are grappling with a mix of challenges they have not faced in years. Tighter monetary policy. Sky-high inflation. Strong geopolitical tensions. These factors have driven volatile swings in asset prices. Usually in times of uncertainty, investors pile into the US dollar and American assets. And that is exactly what they are doing now. US [...]
EY carve-up decision delayed as partners mull plans August 7, 2022 The planned break-up of ‘Big Four’ firm EY has been pushed back to the end of the year as bosses mull the practicalities of proposals to carve up its consultancy and audit practices, according to reports.
Worst is over for Lufthansa, says board member August 7, 2022 The worst is over for German airline Lufthansa after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster told newspapers in the Funke Media group. Airlines across Europe have struggled to cope with a strong rebound in holiday season demand after the COVID-19 pandemic stopped much [...]
