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Euro area GDP grows modestly in Q4

  Bloomberg The euro-area economy grew modestly in the fourth quarter amid another wave of surging coronavirus infections and curbs on activity. Gross domestic product (GDP) rises 0.3%, slightly less than predicted, after a sharp contraction in output left Germany on the brink of recession. Meanwhile, a ramp-up in investment contributed to stronger-than-expected growth in France and Spain. Italy reported ...

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UK workers need 8% pay rises to beat living standards crunch

  Bloomberg British workers will need pay rises of 8% on average this year to offset the living standards squeeze from higher energy bills, tax rises and broader inflation if the government does nothing to help. Analysis by the Tony Blair Institute for Global Change shows that the poorest fifth of UK workers will need a wage increase of more ...

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Europe, US stocks resume rally as volatile month nears end

  Bloomberg European stocks and US index futures rise, and a gauge of global equities pared its biggest monthly drop since March 2020, as investors bet corporate earnings will continue to grow amid aggressive tightening by the Federal Reserve. The Stoxx 600 gauge advanced for a fourth time in five days. Technology shares in Asia and Europe caught up with ...

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