UK unlikely to return to mandatory Covid-19 restrictions as cases rise

More than 1.7 million Brits – or around 1 in 35 people – tested positive for Covid in the week to June 18, the latest data from the UK’s Office for National Statistics showed Friday. Adrian Dennis | Afp | Getty Images LONDON – Mandatory Covid-19 restrictions are unlikely to be reintroduced in Britain this … Read more

Double blow for UK’s Boris Johnson as he loses two key by-elections

Campaign posters in Wakefield, West Yorkshire, ahead of a key by-election triggered after Conservative MP Imran Ahmed Khan was convicted of sexually assaulting a minor. Daniel Harvey Gonzalez / In Pictures via Getty Images LONDON – UK Prime Minister Boris Johnson has suffered a double blow at the ballot box as his party lost two … Read more

European stocks open to close as recession fears continue

LONDON – European stocks are expected to open lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The UK’s FTSE index is seen opening 38 points lower at 7,053, Germany’s DAX 79 points lower at 13,079, France’s CAC 40 down 40 points at 5,879, and Italy’s FTSE … Read more

European markets open to close, earnings, data, central banks

LONDON – European stocks are expected to open in negative territory on Wednesday, giving up gains made in the previous session amid more positive global sentiment. The UK’s FTSE index is expected to open 45 points lower at 7,103, Germany’s DAX 112 points lower at 13,180, France’s CAC 40 down 56 points at 5,906, and … Read more

Labor market ‘worse than the ’70s’ as strikes hit UK

A usually busy Waterloo Station is almost empty in London on June 21, 2022 as the biggest rail strike in over 30 years hits the UK. Ben Stansall | Afp | Getty Images LONDON – The labor market is “worse than the 1970s,” with massive rail strikes in the UK offering a sign of things … Read more

Qantas CEO defends industry as airlines cancel flights around world

Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, luggage lost and wait times to board planes exceeding four hours. That’s partly the result of labor shortages from the pandemic, as layoffs have put … Read more

Four-day week? These firms say they’ve nailed the new working model

When Alice Will and her team at Edinburgh-based food and drink marketing agency Lux decided to trial a four-day working week back in January 2020, they chose not to tell clients as a way of testing its effectiveness. “If our clients do not notice, then that’s a huge measure of whether it’s working… none of … Read more

European markets open to close, data, earnings, central banks

LONDON – European stocks are expected to open lower on Monday after a tumultuous trading week last week. The UK’s FTSE index is seen opening 15 points lower at 6,980, Germany’s DAX 28 points lower at 13,089, France’s CAC 40 down 37 points at 5,850, and Italy’s FTSE MIB down 73 points at 21,528, according … Read more

European stocks open to close as markets are rattled by central banks

LONDON – European stocks were choppy on Tuesday after sharp declines in global markets on Monday, amid fears that central banks will be forced into aggressive monetary policy tightening with inflation remaining high. The pan-European Stoxx 600 hovered around the flatline by mid-morning, having given back opening gains of around 1%. Banks climbed 1.5% while … Read more

European markets, data, earnings, U.S. Fed

LONDON – European stocks are expected to open higher on Wednesday as investors prepare for the latest reading of US inflation on Friday. The UK’s FTSE index is seen opening 18 points higher at 7,626, Germany’s DAX up 46 points at 14,602, France’s CAC 40 up 24 points at 6,524 and Italy’s FTSE MIB up … Read more