Low-paid workers will receive a pay rise set to match inflation as the UK’s minimum wage increases to £10.42 per hour from April, the Low Pay Commission said on Friday.Source: Financial Times
Britain and the EU are boosting co-ordination of efforts to tackle climate change and respond to a massive US green subsidy programme, in a sign of warming relations between the two sides.Source: ...
30/03/2023
French prosecutors raided the Paris offices of BNP Paribas, Société Générale and several other large banks on Tuesday as part of an investigation into alleged tax evasion tied to dividend payments....
29/03/2023
European Central Bank Executive Board member Isabel Schnabel pushed for this month’s decision statement to signal possible interest-rate hiking in future, according to people with knowledge of the...
28/03/2023
A “Swiss finish” was traditionally the description given to the extra layer of financial safeguards demanded by Switzerland’s bank regulators — reflective of the high quality the country has...
27/03/2023
The Bank of England pushed ahead with another interest rate increase despite turmoil in the banking sector, predicting the UK economy will avoid a recession for now and that inflation remains a risk....
24/03/2023
European Central Bank officials are growing increasingly confident that the euro-zone banking system has withstood financial turmoil, allowing them to envisage resuming interest-rate hikes in due...
23/03/2023
The Swiss government said it’s temporarily suspending certain kinds of bonus pay for Credit Suisse Group AG staff following the state-brokered takeover of the bank by rival UBS Group AG.Source:...
22/03/2023
The European Central Bank doesn’t see any conflict between its inflation-targeting mission and its responsibility to stave off financial-system threats, President Christine Lagarde said.Source:...
21/03/2023
UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard the country’s banking system and attempt to prevent a crisis spreading...
20/03/2023