-
'A scare': Brazil player leaps into tunnel in joy over goal
-
Britain's Amy Hunt wins European women's 100m gold
-
USA Swimming CFO Hilliard arrested for alleged theft
-
Trump order pushes for overhaul of childhood vaccine schedule
-
Trump insists Netanyahu relationship 'very good' despite Gaza rift
-
Global stocks mixed while oil prices jump on Hormuz
-
Ingebrigtsen delivers masterclass for seventh European athletics gold
-
Turkey MPs back historic law on reintegrating Kurdish militants
-
Colombia declares state of emergency after quake kills 111
-
'Dreams disappear' as Gaza students await evacuation to Italy
-
Golden relay double for Britain at Europeans as Marchand takes silver
-
Third European gold for Schilder in women's shot put
-
Barcelona's Araujo heads to Liverpool on loan
-
Golden relay double for Britain at Europeans as Marchand settles for silver
-
Tupac Shakur murder trial begins 30 years after rapper's death
-
US had hottest month on record in July
-
Russia bars only anti-war party from elections
-
Colombia quake leaves 69 dead, with more trapped under rubble
-
Boeing to divest tech ventures for stake in air-taxi startup
-
Bookmap Announces Partnership with Plus500 to Expand Futures Trading Access
-
Major quake rocks Colombia and neighbors, 18 confirmed dead
-
Barcelona turn down PSG offer for Torres
-
Brazil aircraft maker Embraer raises outlook after record revenue
-
Buildings collapse as major quake rocks Colombia and neighbors
-
Drought forces water restrictions across nearly 70 percent of France
-
Meta releases new AI model as Zuckerberg lays out vision
-
Europe wary as gas stocks languish at lows while winter looms
-
OFunded Enters the Prop Trading Market With Broker-Backed Infrastructure From OFinancial Markets
-
Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million
-
What next for beleaguered FIFA president Infantino?
-
Stocks mostly flat with focus on US inflation
-
Greece contains new wind-driven fire near Athens
-
UK radio broke rules in announcing king's death: watchdog
-
Massive shake-up of Hungary media after Orban's exit
-
Europe braces for another summer heatwave
-
Days of heavy rain leave at least 16 dead in Philippines
-
Tentoglou keep bid for fourth Euro title on course, Nowicki misses out
-
Bezos consortium nears deal to buy Liverpool stake: report
-
MEXC Sponsors Yohani's Colombo Concert, Bridging Sri Lankan Culture and Global Digital Finance
-
Stocks mostly rise with focus on US inflation
-
Parts of Germany's Rhine could become unnavigable, group warns
-
Days of heavy rain leave at least 13 dead in Philippines
-
Base Markets Appoints Nazim Moussaoui as Head of Premium Clients and Partnerships
-
Ex-Thai MP shoots dead local official over money row
-
US, South Korea to drill for new threats from North
-
July was Spain's hottest month on record: weather agency
-
SCANDIC TRADE Ultimate 2.6 är färdigutvecklat – SNC SCANDIC ECO-Systemet är nu komplett
-
SCANDIC TRADE Ultimate 2.6 je hotový – systém SNC SCANDIC ECO je kompletní
-
SCANDIC TRADE Ultimate 2.6 jest gotowy – system SNC SCANDIC ECO jest kompletny
-
تم الانتهاء من تطوير SCANDIC TRADE Ultimate 2.6 – وبذلك أصبح نظام SNC SCANDIC ECO متكاملاً
In UK, workers strike as inflation crushes earnings
Railway and postal staff, dockers too. Britain's workers are striking in vast numbers as decades-high inflation erodes the value of wages at a record pace.
Britain's train network faces further heavy disruption Thursday and Saturday in major walkouts that follow the sector's biggest strike action for 30 years already this summer.
Tens of thousands of staff are expected to strike over the two days, leaving a skeleton train service that will hit holidaymakers and commuters, even if home-working continues for many office staff after Covid restrictions were lifted.
London's underground railway, the Tube, will be hit by a strike Saturday, ahead of an eight-day stoppage starting Sunday by dockers at Felixstowe, Britain's largest freight port that is situated in eastern England.
"We will continue to do whatever is necessary to defend jobs, pay and conditions during this cost-of-living crisis," Sharon Graham, head of major British union, Unite, said this week.
Official data Wednesday showed UK inflation at a 40-year-high above 10 percent, as soaring food and energy prices hurt millions of Britons.
- Inflation to keep rising -
And the situation is set to worsen under a new prime minister, as under-fire Boris Johnson prepares to step down.
The Bank of England has forecast inflation to top 13 percent this year, tipping the British economy into a deep and long-lasting recession.
"This record fall in real wages demonstrates the vital need for unions like Unite to defend the value of workers' pay," Graham said, while hitting out at suggestions, including from BoE governor Andrew Bailey, that pay rises were fuelling inflation.
"Wages are not driving inflation," she insisted ahead of the latest UK inflation data that showed rocketing food prices were the main factor behind July's spike.
Inflation has soared worldwide this year also on surging energy prices, fuelled by the invasion of Ukraine by major oil and gas producer Russia.
- Pay deals -
Some proposed strikes planned for the British summer have been halted after unions and companies agreed pay deals at the eleventh hour.
But while British Airways ground staff and plane refuellers at Heathrow airport have scrapped proposed walkouts, other sectors are holding firm.
More than 115,000 British postal workers employed by former state-run Royal Mail plan a four-day strike from the end of August.
Telecoms giant BT will face its first stoppage in 35 years and walkouts have recently taken place or are soon to occur by Amazon warehouse staff, criminal lawyers and refuse collectors.
Major UK business lobby group, the CBI, this week acknowledged workers' ongoing "struggle with rising costs like energy prices" and said employers were "doing their level best to support staff".
It also claimed, however, that "the vast majority" of companies "can't afford large enough pay rises to keep up with inflation".
Regarding the part-privatised British railway sector, unions accuse Transport Secretary Grant Shapps of not helping to resolve the impasse.
Shapps is part of the Conservative government that recently amended a law to allow agency staff to help fill gaps caused by strikes, further angering the RMT railway union.
According to Unite, London's luxury department store Harrods has informed staff that it stands ready to use agency staff in the event of strike action by its workers.
Analysts are meanwhile forecasting sector-wide stoppages to last beyond the summer as inflation keeps on rising.
It comes as teachers and health workers have hinted at possible walkouts should they not receive new pay deals deemed acceptable.
K.Brown--BTB