ECONOMY

Barclays has given 35,000 of its branch and junior support staff in the UK a £1,200 pay rise to help them cope with the escalating cost of living crisis and soaring inflation.The salary increase will come into effect on August 1…

Sweden’s central bank has joined the growing line of monetary authorities to have raised interest rates by a more aggressive half a percentage point in response to soaring inflation.The Riksbank, saying that “price increases are…

Wall Street stocks traded choppily on Wednesday after heavy falls in the previous session as traders weighed up fresh signs of a looming economic slowdown.The blue-chip S&P 500 share index bounced between small gains and…

There aren’t many things Britain is truly “great” at these days. Yet there’s one part of the fast-moving fintech economy where the UK is the undisputed world leader. Unfortunately, it is fraud. Criminals scammed UK banking…

Talking heads have spent much of the past month reviving the post-financial-crisis mantra that bad economic news is good news for markets, and vice versa. Their chorus reached fever pitch last week. Deep breath now:Last week’s…

More than 22,000 UK jobs making engines or other traditional car parts are placed at risk by the shift to electric vehicles, the industry’s trade body has warned.Around 15 per cent of production jobs in the automotive sector are…

Brenda McKinley has been selling homes in Ontario for more than two decades and even for a veteran, the past couple of years have been shocking.Prices in her patch south of Toronto rose as much as 50 per cent during the pandemic. “Houses…

A consortium of Chinese state banks has lent $2.3bn to Pakistan to help the country stave off a foreign payments crisis, finance minister Miftah Ismail said on Friday. Confirmation of the support from China, a close economic and…

Shares in Zalando plunged by almost a fifth on Friday after Europe’s largest online fashion retailer slashed its outlook for the year as consumers retrench amid deepening recession fears.The Berlin-based company warned that…

Is it time to buy the dip? You might think it’s far too early to ask that question — and I’d be inclined to agree — but it hasn’t stopped investors from asking it.Considering the pull back in US markets (the S&P 500 is down…