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Top StoriesThousands of Greeks Rally as State Workers Strike Over Labour Law Plans
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Top StoriesWorkers at Gatwick Airport Scrap Planned Strike After Improved Pay Offer
Dollar Shines Against Battered Yen; Aussie Dragged by Jobs Data, China Woes
Date: August 17, 2023
Dollar shines against battered yen; Aussie dragged by jobs data, China woes By Rae Wee SINGAPORE (Reuters) – The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higher-for-longer interest rates, contrasting with a still strikingly dovish Bank of Japan. The Australian dollar sank to...
Industrial Output Jump Gives Euro Zone Growth Small Boost
Date: August 16, 2023
Industrial output jump gives euro zone growth small boost FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed on Wednesday. Industrial production in the 20 nations sharing the euro expanded by 0.5%...
UK Employers Plan 5% Pay Rises, Many Resort to Counteroffers: Cipd
Date: August 14, 2023
UK employers plan 5% pay rises, many resort to counteroffers: CIPD By David Milliken LONDON (Reuters) – British employers expect to raise pay by 5% over the coming year and are increasingly making counteroffers to keep staff who are tempted by higher wages from rival firms, according to a survey which added to signs of...
UK’s Virgin Media O2 to Lay Off up to 2,000 Employees by Year End
Date: July 25, 2023
UK’s Virgin Media O2 to lay off up to 2,000 employees by year end (Reuters) – British mobile operator Virgin Media O2 said on Monday it was planning to lay off up to 2,000 employees by the end of this year. Redundancy notices were issued to some staff on Monday night, the Telegraph reported. The...
Nestle Increases Local Sourcing in South Africa With New Processing Plant
Date: July 19, 2023
Nestle increases local sourcing in South Africa with new processing plant By Anait Miridzhanian HAMMANSKRAAL, South Africa (Reuters) – Swiss food company Nestle said on Tuesday it would be locally sourcing over 40% of raw materials for a new processing plant in South Africa to offset supply chain challenges and cut costs. Nestle opened a...
South African Citrus Growers Say EU Pest Rules Putting Squeeze on Exports
Date: June 28, 2023
South African citrus growers say EU pest rules putting squeeze on exports (Reuters) – New European Union pest control rules will cut South Africa’s orange exports to Europe by 20% this year, threatening thousands of jobs, the Citrus Growers Association (CGA) has said. The new measures imposed by the EU last June require enhanced cold...