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Sunday, Jun 26, 2022
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Rail strikes: How much are public sector workers paid – and how do recent pay deals compare to what train staff want?
Striking rail workers are asking for a 7% pay rise, despite CPI inflation at 9.1% and RPI at 11.7%. NHS workers and teachers have also threatened to walk out if the government doesn't up their pay deals.
EXPLAINER: Why Sri Lanka's economy collapsed and what's next
Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeki...
Cost of living crisis: Britons cannot expect pay rises to keep up with inflation, Treasury warns
Workers have lost almost £20,000 since 2008 because pay has not kept up with inflation, it has been claimed.
The teen who tracks Elon Musk's jet agreed to stop monitoring Mark Cuban's flights on Twitter after the billionaire offered business advice
The teen who famously turned down a $5,000 offer to stop tracking Elon Musk's private jet said he stopped sharing data on Mark Cuban's travel history on Twitter after the billionaire reached out with privacy concerns.
Musk-Twitter Takeover Drama Takes Another Turn With Town Hall Meeting
Twitter shareholders are expected to have a better idea of whether Tesla (TSLA) Chief Executive Elon Musk will forge ahead with his acquisition of the social media firm after a virtual town hall meeting set for Thursday. The constantly e...
YouTube Shorts Claims 1.5 Billion Global Users As TikTok Rivalry Heats Up
Google-parent Alphabet on Wednesday said its YouTube Shorts, a short-form video rival to TikTok, now has 1.5 billion monthly logged-in users globally. Google stock rose on the news as the Nasdaq composite also gained.
The “Chinese (much better) Tesla”, Nio Stock, Jumps Again As Nio Eyes 'Product Supercycle'
Nio launched the ES7 electric SUV in China Wednesday after Covid-19 delays, the third new electric vehicle it plans to bring to market this year. Nio stock jumped for a second straight day, bouncing further off a key level.
Cost of living: Inflation takes record bite from regular pay while jobless rate rises unexpectedly
The deteriorating picture for real wage growth is the battleground for unions seeking to protect their members from the cost of living crisis, culminating in the planned national rail strikes due to hit later this month.
Fresh travel chaos fears as thousands more rail workers set to vote on strike action
It comes after members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13 train operators agreed to go on strike on 21, 23 and 25 June in similar disputes. The RMT and Unite are also taking part in industrial action w...
Pound falls to lowest level since COVID crash after Nicola Sturgeon claims 'mandate' for Scottish independence referendum
"The UK has huge imported energy inflation and it is getting hit on both sides - from oil prices going up and sterling weakening," says Fahad Kamal, chief investment officer at Kleinwort Hambros.
Airlines face further pressure over cancellations as one company benefits from the chaos
WH Smith reports bumper travel sales after airports are widely gripped by queues due to flight disruption which the government is demanding airlines tackle through better management of their schedules.
Cost of living: Eight million households to start receiving support payments in July
Low-income households on benefits will get £326 next month as part of a £21bn support package to help with soaring bills, which was announced last month.
Royal Mail boss issues union plea as costs crisis keeps prices 'under review'
Simon Thompson uses an interview with Ian King Live to make his case for a deal with the CWU as Royal Mail is threatened with strikes, threatening to open up a new front in what one union said this week could become a "summer of disconte...
UK heading for recession, former chancellor Lord Hammond warns
Lord Hammond told Sky News the UK economy will slow down quite sharply in the autumn, but said it is "probably a good thing".
US interest rates increase at their sharpest rate since 1994 in bid to tackle soaring inflation
"We’re not trying to induce a recession," the Fed chairman said, while warning of more rate rises to come and projecting a slowing economy in the months ahead.
India, Indonesia & South Africa: The alliance threatening to break the internet
Threatening to break the internet as we know it, is the abolishment of the Moratorium on Customs Duties on Electronic Transmissions. It has been in place since 1998 and restricts countries from imposing customs duties on digital products...
The Crypto Bear Market Could Last Two Years, Top Investors Say
Cryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about t...
Baz Luhrmann’s ELVIS, New movie about the life and music of Elvis Presley
This film explores the life and music of Elvis Presley (Butler), seen through the prism of his complicated relationship with his enigmatic manager, Colonel Tom Parker (Hanks). The story delves into the complex dynamic between Presley an...
Taiwan says that China's Attack Would Hit Global Trade More Than Ukraine War
The Taipei government has reported no signs of an imminent attack from China but Taiwan has raised its alert level since the Ukraine war began, wary of Beijing's intentions.
Climate crisis placing half of humanity in the danger zone
UN Secretary-General, António Guterres, appears at the Austrian World Summit on Tuesday to deliver an important message about climate change.
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