Volatile week as investors assess recession prospects

LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all … Read more

Double blow for UK’s Boris Johnson as he loses two key by-elections

Campaign posters in Wakefield, West Yorkshire, ahead of a key by-election triggered after Conservative MP Imran Ahmed Khan was convicted of sexually assaulting a minor. Daniel Harvey Gonzalez/In Pictures via Getty Images LONDON — UK Prime Minister Boris Johnson has suffered a double blow at the ballot box as his party lost two key parliamentary … Read more

Strikes cripple Britain’s railways, unions warn of more to come

Passengers board a tube at Stratford station, the train services continue to be disrupted following the nationwide strike by members of the Rail, Maritime and Transport union, along with London Underground workers, in London, Wednesday. (File photo: AP) LONDON: Crippled Strikes Britain‘s rail network on Thursday as union bosses, train operating firms and the government … Read more

Labor market ‘worse than the ’70s’ as strikes hit UK

A usually busy Waterloo Station is almost empty in London on June 21, 2022 as the biggest rail strike in over 30 years hits the UK. Ben Stansall | afp | Getty Images LONDON – The labor market is “worse than the 1970s,” with massive rail strikes in the UK offering a sign of things … Read more

Biggest rail strike in over 30 years hits UK

LONDON: Rush-hour commuters in the UK faced chaos on Tuesday as railway workers began the network’s biggest strike in more than three decades, with a cost-of-living crisis threatening wider industrial action. Last-ditch talks to avert the strike broke down on Monday, meaning more than 50,000 members of rail union RMT will walk out for three … Read more

Executives defend industry as airlines cancel flights around world

Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, luggage lost and wait times to board planes exceeding four hours. That’s partly the result of labor shortages from the pandemic, as layoffs have put … Read more

British PM Boris Johnson undergoes ‘minor’ sinus operation

LONDON British Prime Minister Boris Johnson on Monday spoke a “minor” sinus operation and has returned to his Down Street office-residence to recuperate, his official spokesperson said. Johnson went into a hospital in London around 6 am local time on Monday for a routine procedure on the National Health Service (NHS) related to his sinuses … Read more

European markets open to close, data, earnings, central banks

LONDON — European stocks are expected to open lower on Monday after a tumultuous trading week last week. The UK’s FTSE index is seen opening 15 points lower at 6,980, Germany’s DAX 28 points lower at 13,089, France’s CAC 40 down 37 points at 5,850, and Italy’s FTSE MIB down 73 points at 21,528, according … Read more

UK to e-tag illegal migrants, critics call plan ‘draconian’

LONDON: The UK government is to launch a 12-month pilot scheme that will involve some illegal migrants seeking asylum in the country being electronically tagged to keep track of their movements, it emerged on Saturday. British PM Boris Johnson defended the plans as he said it was essential that people who arrived through dangerous routes … Read more

UK government approves extradition of Julian Assange; appeal possible

LONDON:The British government on Friday ordered the extradition of WikiLeaks founder Julian Assange to the United States to face spying charges — a milestone, but not the end of the decade-long legal saga. WikiLeaks said it would challenge the order, and has 14 days to lodge an appeal. Home Secretary Priti Patel signed the order … Read more