UK's Lloyds Bank offers staff 2,000 pounds minimum pay rise

Newsletter Nov 4, 2022 [ International Business Times]( [UK's Lloyds Bank offers staff 2,000 pounds minimum pay rise]( Britain's biggest domestic bank Lloyds has offered UK staff a minimum 2,000 pounds ($2,242) pay rise, a source with knowledge of the talks told Reuters, as lenders and employees across the sector begin annual pay talks that could see wage bills soar. [Chaos, confusion reign ahead of Twitter layoffs]( Fear and dread spread across Twitter Inc offices on Thursday as 7,500 employees from San Francisco to Singapore feared for job cuts that were planned to hit about half of the staff  [Learn more about Jeeng]( [UK watchdog tells companies to reveal more about meeting shareholders]( Companies fail to reveal if meetings with shareholders alter their behaviour, such as in setting pay for top executives, Britain's corporate governance regulator said on Thursday. [Bank of England raises rates by most since 1989 even as long recession looms]( The Bank of England raised interest rates by the most since 1989 on Thursday but it also warned that Britain faced a long recession and told investors borrowing costs were likely to go up by less than they expect. [London court orders Glencore UK to pay $310m over bribery charges]( A British subsidiary of mining and trading group Glencore was ordered to pay a total penalty of 276.4 million pounds ($310.6 million) in a London court on Thursday for seven bribery offences in relation to its oil operations in Africa. [Oil prices drop as demand fears dominate]( Oil prices slid in early trade on Friday, extending losses from the previous session on fears U.S. [SPONSORED CONTENT]( [EU seeks better alignment with global sustainability rules]( The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital markets. [Germany wrestles with economic dependence on China]( The Russian invasion of Ukraine and the upheaval caused in Germany by breaking off economic ties with Moscow has cast a new light on Berlin's relationship with another autocratic regime. [Thousands rally in Spain to demand pay hikes amid high inflation]( Thousands of Spaniards packed Madrid's landmark Plaza Mayor square on Thursday to demand higher pay in the first mass protest since the start of the cost of living crisis. [NGO asks France, Spain, Greece to help 234 Mediterranean migrants]( Migrant rescue group SOS Mediterranee said Thursday that it had called on the governments of France, Greece and Spain to help find a port for 234 people rescued while trying to reach Europe, after Italy and Malta failed to respond. [Ousted Pakistan PM Imran Khan shot in shin in what aides call assassination attempt]( Former Pakistan Prime Minister Imran Khan was shot in the shin on Thursday when his anti-government protest convoy came under attack in the east of the country in what his aides said was a clear assassination attempt by his rivals. [Egypt's COP27 climate summit comes at a 'watershed moment']( Last week the UN warned that "there is no credible pathway in place" for capping the rise in global temperatures under the Paris Agreement target of 1.5 degrees Celsius. [UK researchers cure man who had Covid for 411 days]( Persistent Covid infection -- which is different to long Covid or repeated bouts of the disease -- occurs in a small number of patients with already weakened immune systems. You Might Like    [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2022 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.