Public Worker Pay Rises May Be Next Victim of Stubborn UK Inflation
UK inflation is running so high that the government is considering blocking pay rises for millions of public workers amid concern they could push prices higher, the Times reported.
Bloomberg Business
SNB Will Probably Have to Hike Rates Again, Jordan Tells SRF
The Swiss National Bank will probably have to raise borrowing costs again to tame consumer-price growth, according to President Thomas Jordan.
German Business Sentiment Has Risen on Lower Costs, Survey Shows
Business confidence is returning to Germany, despite the recent economic downturn, as energy costs decline, a survey by banks of 1,000 small and medium-sized enterprises showed.
Labour Takes 25-Point Lead Over Tories in New YouGov Poll
The UK’s Labour party is extending its lead over the ruling Conservatives, according to a weekly YouGov poll for the Times newspaper.
Australia to Spend Millions on Empty Refugee Hub, Paper Says
Australia will continue funding its controversial offshore detention processing center in Nauru even as the facility’s remaining refugees leave, in an effort to dissuade people-smugglers from sending boats to the country, according to local media.
N. Korea Criticizes Blinken’s Remarks During His China Visit
North Korea criticized remarks made by US Secretary of State Antony Blinken during his trip to China, accusing him of threatening military action should China fail to put pressure on its neighbor and ally.
Thai Parliament to Convene Session on July 3 Enabling Vote for New Premier
Thailand’s newly elected parliament will meet in the first week of July, setting in motion the process of new government formation followed by the vote to elect a prime minister.
Korean Carriers Cut China Flights on Drop in Demand, Yonhap Says
South Korean airlines are temporarily suspending some flights to China as demand withers amid strained relations between the two countries, according to Yonhap News Agency.
Raw But Ready to Fight: Ukraine Sends National Guard to Frontline
Its counteroffensive struggling, Kyiv turns to National Guard to counter new Russian push in the east.
Britain Saw A Record Wildfire Season in 2022. It Still Hasn’t Raised Its Game
Experts say the Home Office hasn’t updated its wildfires strategy despite last summer’s record incidents. To top it, the country has fewer firefighters now than it did a decade ago.
