UK wage growth lags as Iran war weighs on cost of living

The ongoing Middle East crisis has led to soaring energy prices across the UK and much of Europe, further contributing to higher living costs.

Unemployment rate remained at 4.9% in the three months to the end of June, ONS figures show Wage growth in the UK slowed in June as workers come under pressure from a renewed cost of living squeeze amid the economic impact from the Iran war, official figures show. Figures from the Office for National Statistics show av

Taiwan President Lai Ching-te announced plans to distribute NT$10,000 ($314) in cash to eligible residents next year, citing the economy’s blistering pace of growth thanks to booming global demand for artificial intelligence.

Some expect cost pressures to shift Kiwi travel towards short-haul trips.