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African Union needs a permanent seat at G-20, ministers say

  Bloomberg The African Union should have a permanent seat at the Group of 20 leading economies to give the continent more say as it struggles with the economic fallout from the war in Ukraine, according to three ministers from the region. Representation at the G-20 will bolster the continent’s engagement with the group at a time when soaring energy ...

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Bank relief from ECB rate hike spoiled by threat of windfall tax

Bloomberg Europe’s banks waited more than a decade for higher interest rates to make lending more profitable again. Now some governments are threatening to spoil the party. As the European Central Bank (ECB) prepares to raise rates on Thursday, politicians from Madrid to Warsaw are calling for mortgage holidays and bank taxes to shield consumers from higher borrowing costs and ...

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Santander UK raises pay for 60% of workforce

  Bloomberg Santander UK became the latest bank to help staff with the cost of living squeeze, saying it would give more than 11,000 employees a 4% pay rise. All staff earning less than £35,000 ($42,039), representing 60% of the workforce, will be eligible for the raise from August, the company said in a statement. Santander UK will also increase ...

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