UK minister reassures Washington on restored stability, fiscal plans

Newsletter Jan 12, 2023 [ International Business Times]( [UK minister reassures Washington on restored stability, fiscal plans]( Britain's financial services minister sought to reassure U.S. counterparts on Wednesday that the UK's bout of debt market instability last fall was a one-time event [UK watchdog blocks LME plan to restart Asian hours nickel trade-sources]( Britain's financial watchdog is blocking the restart of London Metal Exchange nickel trade in Asian hours due to doubts about the LME's ability to run an orderly market in that time zone, three sources with knowledge of the matter said. [Learn more about Jeeng]( [UK's govt accused of wanting strikes to 'sabotage' workers' rights]( Britain's government stood accused Wednesday of actively undermining talks with union leaders in a bid to encourage strike action and depress workers' wages across the economy. [Christmas fizz prompts UK's Sainsbury's to lift profit guidance]( Sainsbury's, the first listed British supermarket to update on Christmas trading, forecast full-year profit at the upper end of its guidance after shoppers spent more than expected on festive treats despite a deepening cost-of-living crisis. [Analysis: Gated UK property funds are open to further risk]( UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes after payout restrictions prompted investors to reassess the risks of such holdings, industry experts say. [dianomi]( [World stocks mostly rise on recovery hopes before inflation data]( Global stock markets mostly rallied Wednesday as investors were buoyed by optimism over China's reopening and looming data expected to show a further slowdown in US inflation. [European shares rise on bets of easing rate hikes]( European shares advanced on Wednesday, buoyed by hopes of less aggressive interest rate hikes, while insurer Direct Line fell sharply after scrapping its full-year dividend. [Uniqlo owner gives Japan Inc a jolt with 40% wage hike]( Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40%, a clear sign that Japan's rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting. [Amazon workers' union victory upheld by U.S. labor board director]( A U.S. labor board director has upheld Amazon.com Inc workers' landmark union victory at a warehouse in New York, according to a decision issued Wednesday, bringing the online retailer closer to having to bargain with staff on a contract. [UK strikes: what ongoing industrial action means for the future of Britain's railways]( As with previous rail reforms, progress could be made quickly in shadow mode (before legislation is passed) if the government is clear about the direction of travel. [FTX seeks court rulings on asset sales, customer privacy]( Crypto exchange FTX will ask a U.S. bankruptcy court on Wednesday to allow it to auction off pieces of its business and to keep customer names secret for at least six months while it works to recover funds lost in what was allegedly a huge fraud. [UK, Japan to sign major defence deal allowing troop deployments]( The British and Japanese prime ministers will sign a "hugely significant" new defence deal allowing UK troops to deploy in Japan when the pair meet in London on Wednesday, Downing Street said. [Church of England says it knew of slavery links as fund set up to address 'shameful' past]( The Church of England knew it was investing in the transatlantic slave trade during the 18th century, the head of its investment arm said on Wednesday, after it committed 100 million pounds ($121 million) to address the "shameful" wrongs of links to slavery. 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 2023 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.