LONDON, March 8 Reuters The Bank of England said on Friday it would raise staff pay by 4 after a 3.5 pay rise in 2023, an increase that matches current inflation but is below what most other big employers have offered. The increase takes effect this month, and the BoE said it was also maintaining […]

March 8 Reuters Industrial output in Germany, Europe39;s biggest economy, rose more than expected in January, raising hopes that the economy is finally bottoming out after a lengthy manufacturing recession. Output rose in January by 1.0 from the previous month, beating a 0.6 forecast by analysts, data from Destatis, the federal statistics office showed on […]

TOKYO, March 11 Reuters Japan39;s economy avoided a technical recession, revised government data showed on Monday, even though the upward change in the fourth quarter was weaker than expected and highlighted concerns about the sluggish economic recovery. Japan39;s revised gross domestic product GDP expanded at an annualised clip of 0.4 in the OctoberDecember period from […]

LONDON, March 11 Reuters Britain39;s labour market slowed sharply in February as recruitment firms reported the biggest drop in demand for staff from employers since the coronavirus lockdown of early 2021, a survey showed on Monday. The Recruitment and Employment Confederation REC trade body and accountants KPMG said their monthly index of demand for staff […]