Real wages are falling less in the capital than elsewhere Findings add to pressure for government ‘leveling-up’ strategy London residents are weathering the cost-of-living crunch better than people in the rest of the UK, one research group concluded. Residents of the capital saw their real wages adjusted for inflation slip by £9 ($11.13) a week

HOUSEHOLDS’ spending power in Northern Ireland is fast diminishing as the cost of living crisis continues to bite. The region endured the UK’s largest percentage fall in discretionary household income in the last three months of last year, according to the latest Asda Income Tracker. Money left over after all priority bills were paid declined

Prime Minister Narendra Modi wants to make India a developed nation. How soon can a country once synonymous with red tape become a $10 trillion economy? India’s economic transformation is kicking into high gear. Global manufacturers are looking beyond China, with Prime Minister Narendra Modi stepping up to seize the moment. The government is spending nearly

From the economy to the energy transition, India’s action on crucial global issues was a major topic of discussion at the World Economic Forum’s Annual Meeting 2023 in Davos, Switzerland. By 2035, India will become the third $10 trillion economy, the Center for Economics and Business Research (CEBR) predicts. Here are five highlights on India

The Chancellor wants to extend the reduction in the price of petrol and diesel The Chancellor is reportedly planning to extend the 5p fuel duty cut for another year if the economic outlook improves. Jeremy Hunt wants to extend the reduction in the price of petrol and diesel in his spring budget if public finances allow, The Times reports. There are concerns that imposing

Sellers and buyers are returning but have very different expectations Crystal balls had been polished, a mini-budget had wreaked havoc, the economy was tipping into recession and there was only one way that property prices could go — and that was down. Then, amid the reports of thousands of pounds being shaved off prices by

Davos, Switzerland (CNN) The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from companies and governments courting attention or deals. There’s the tech giants, the major consulting groups, representatives from the Middle East. But this year, dominating the main street in Davos are emissaries from

The country is moving ahead to become a strong economy in the next decade, with its GDP reaching the $465-billion mark in 2022 In the post-Covid era, while many developed countries are weighed down by the global economic crisis triggered by the Ukraine war, Bangladesh has maintained an average growth of 6.4% despite facing challenges. 

Research shows that Gen Z and Millennial travellers plan to take longer trips in the year ahead, as well as live in multiple cities. Rose Dykins reports Research from extended-stay accommodation provider, Edyn, reveals what Gen Z and Millennials want from travel this year – and how the hospitality sector needs to evolve to remain

The pool of available workers remains vanishingly small. That puts unions in a position of strength. As the previous economic crisis snowballed in 2008, one of the first things companies did was tighten their belts. Mass redundancies and administrations became commonplace, and many people, from Lehman Brothers bankers to Woolworths shop-workers, found themselves out of

Warning of ‘unsustainable’ hit comes as number of working days lost to strikes hits 30-year high Rishi Sunak’s government has been warned about the crippling impact of ongoing industrial unrest across Britain, as new analysis shows recent strikes have caused a £6bn hit to the UK economy. The damage is not limited to the economy, with schools set for

The boom in real-time payments is reverberating across the world, and by 2026 they will make up 25% of all electronic payments. Market forces and the global pandemic accelerated adoption to new levels, providing consumers and businesses cheaper, faster and more efficient ways to pay — and there’s no looking back.   And as more and

UK – Consumer confidence in the UK rose slightly in December driven by significant improvements in outlook for household finances, according to analysis from YouGov and the Centre for Economics and Business Research (Cebr). In its December survey, which is based on around 6,000 interviews conducted every month, YouGov and Cebr said there was a one-point increase

As the 53rd World Economic Forum Annual Meeting is underway at Davos, climate change and India are taking centre stage. The theme of the meeting this year, Cooperation in a Fragmented World, emphasises the importance of working together—across nations, businesses, and individuals to tackle some of the world’s most pressing issues.  India At Davos Davos

Six in ten households have spent their pandemic savings to keep up with inflation The majority of families have now spent all their pandemic savings as inflation forces people to dip into rainy day funds, new research suggests. Six in ten households have spent all their savings to “maintain their lifestyle”, the Centre for Economics and