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Global Factory Activity Weakens as Demand Falters
Date: April 3, 2023
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) – Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a drag on economic recoveries and keep policymakers on their toes. Although factories across the euro zone saw a...
New York Catches up With London to Head City’s Global Centres Survey
Date: March 30, 2023
By Huw Jones LONDON (Reuters) – London is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation’s said on Thursday. The City, which administers London’s financial district, said...
UK Consumer Mood Hits One-Year High, but Financial Gloom Persists
Date: March 24, 2023
(Reuters) – British consumer confidence rose this month to its highest level in a year, helped by improving sentiment around the economy and despite persistent gloom over personal finances, a survey showed on Friday. Market research firm GfK’s consumer confidence index rose to -36 in March, in line with the consensus in a Reuters poll...
New York Holds Top Spot, London Second in Z/Yen Financial Centre Survey
Date: March 23, 2023
LONDON (Reuters) – New York kept the top spot in the latest rankings of global financial centres from Z/Yen Group on Thursday, with London and Singapore also unchanged in second and third place. New York overtook London to head the table in September 2018 — two years after Britain voted to leave the European Union...
UK Employers See Slight Fall in Pay Awards Over 2023 – XpertHR
Date: March 22, 2023
By Suban Abdulla LONDON (Reuters) – British employers expect pay settlements over 2023 as a whole to average 5%, down slightly from the 32-year high of 6% recorded during the three months to the end of February, new industry data showed on Wednesday. “Our forecast indicates that pay awards may have reached their peak and...
70% of UK Gig Workers Are Denied Access to Financial Services – a Catalyst for Change
Date: March 20, 2023
By Ali Hamriti, CEO and Co-Founder at Rollee Independent workers are a swiftly growing group of employees who contribute a substantial £20bn to the UK economy each year. With ongoing economic uncertainty amid the current cost-of-living crisis, we have witnessed financial pressures escalate for many people, 5.2 million of which have since taken on extra...