UK's Liverpool port workers plan further strike over pay

September 30, 2022

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📚 Daily Digest | Friday, Sept 30, 2022

UK economy grew in Q2 but was below pre-pandemic size

Britain's economy grew in the second quarter but was still below its pre-pandemic peak, contrary to earlier estimates that it had recovered, according to official data which also showed the country's current account deficit was narrower than expected. The Office for National Statistics said economic output rose by 0.2% in April through June, revised up from a previous reading of a 0.1% contraction.

Today's Top News

Stock Markets

European Stock Futures Edge Higher; U.K. GDP Grows in Second Quarter

European stock markets are expected to open marginally higher Friday, helped by stronger than expected U.K. growth, but gains are likely to be limited given continued worries of lower growth as central banks lift interest rates while geopolitical risks remain. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.1%.

World News

Putin to host Kremlin ceremony annexing parts of Ukraine

Russia's expected annexation of the Russian-occupied areas of Donetsk, Luhansk, Kherson and Zaporizhzhia has been widely condemned in the West. U.N. chief Antonio Guterres said it was a "dangerous escalation" that would jeopardise prospects for peace.

Economy

German economy minister: energy situation 'extremely tense'

Germany is in an "extremely tense situation" with regards to energy supply, Economy Minister Robert Habeck said on Friday, a day after the government set out a "defensive shield" to protect Germans from the impact of soaring energy prices.

Economy

UK's Liverpool port workers plan further strike over pay

Nearly 600 Liverpool dock workers will strike for a further seven days next month in a dispute over pay, a trade union said on Thursday, a move that will disrupt one of Britain's largest ports if it goes ahead.

Economic Indicators

UK house prices unchanged in September versus August - Nationwide

British house prices were unchanged in September from August, mortgage lender Nationwide said on Friday.

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