Newsletter Nov 22, 2022

Recession-hit UK needs more migrant labour: business group

The UK has forecast its economy to shrink 1.4 percent next year, hit additionally by fallout from Brexit which has resulted in foreign workers returning home.

UK govt proposes pay cut for N.Ireland lawmakers

The assembly has been crippled since February following the withdrawal of its largest pro-UK party, the Democratic Unionist Party (DUP).

No backsliding on Brexit, says UK PM

British Prime Minister Rishi Sunak on Monday denied that his government was seeking to row back on the UK's EU withdrawal deal, despite an apparent growing backlash against Brexit.

COVID in China sets sterling for biggest daily fall in two weeks

Sterling slipped against a strengthening U.S. dollar on Monday as global risk sentiment was dented by rising COVID-19 cases in China, which led to new restrictions in the world's second largest economy.

UK's Compass, world's largest caterer, sees profits triple

Britain's Compass, the world's largest caterer, on Monday said annual profits had tripled as companies switched to outsourcing meals in the face of soaring inflation and energy costs.

Analysis-China's great reopening may come too late for many businesses

The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh COVID-19 restrictions.

Aviation execs worry about demand as post-pandemic honeymoon ends

The outlook for airlines has darkened as the post-pandemic boom in travel wears off and recession looms, with carriers focused on Britain particularly exposed, industry executives warned on Monday.

Investors flock to short crypto funds, products as negative sentiment deepens -CoinShares

Crypto products and funds saw inflows of $44 million, as of the week ended Nov. 18, but 75% of those flows represented investments in short crypto products, data showed.

Swedish c.bank set to hike policy rate to 2.5% this week, poll shows

Sweden's central bank is seen hiking its policy rate by three-quarters of a percentage point this week to get a grip on soaring inflation

France aims to curb jobless benefits with link to job market strength

The French government plans to rein in unemployment benefits when the jobless rate is less than 9% under a plan presented on Monday that aims to tackle staff shortages that companies say are holding back business.

UK appeal hearing to rule on 'IS bride'

A woman who lost her British citizenship after joining the Islamic State group in Syria will on Monday have her case reviewed, with her lawyers arguing that she was a "victim of trafficking".

UK-Iranian women torn over World Cup support

Although highly critical of the rulers in Tehran, they still proudly projected their Iranian heritage.

Arabs shun Israeli media at Qatar World Cup, cooling hopes of a thaw

Arab soccer fans at the first World Cup in the Middle East are shunning Israeli journalists in Qatar trying to interview them, illustrating challenges facing wider "warm peace" ambitions two years after some Gulf states forged formal ties with Israel.