Somchai_Stock/ShutterstockDespite decades of progress, the gender pay gap remains a persistent feature of the UK labour market. According to women’s rights charity the Fawcett Society, November 22 marked Equal Pay Day 2025 – the day when women effectively stop getting paid due to the wage gap with men.
Public companies are vital for transparency and holding management to account, says Richard Oldfield
The growth in the nominal value of apartments in Greece was broadly stable in the third quarter of 2025, increasing by 7.7 percent year-on-year (YoY) from 7.6 percent in Q2 2025, Bank of Greece (BoG) data released on Tuesday showed.
The Bank of England welcomes the Financial Conduct Authority (FCA) recognition of the 2024 versions of the FX Global Code and UK Money Markets Code under its code recognition scheme.
I examine how households adjust the quality of their purchases in response to adverse economic shocks. Using household scanner data from Germany, I document heterogeneous responses across income levels. Higher-income households tend to reduce the quality of the goods they purchase, whereas lower-income households, who typically consume lower-quality goods, show a limited propensity to trade down, likely due to a limited ability to do so. To assess the equilibrium effects of an aggregate shift in demand toward lower-quality varieties, I implement a shift-share research design.
I examine how households adjust the quality of their purchases in response to adverse economic shocks. Using household scanner data from Germany, I document heterogeneous responses across income levels. Higher-income households tend to reduce the quality of the goods they purchase, whereas lower-income households, who typically consume lower-quality goods, show a limited propensity to trade down, likely due to a limited ability to do so. To assess the equilibrium effects of an aggregate shift in demand toward lower-quality varieties, I implement a shift-share research design.
The much-trailed publication of Alexis Tsipras’s Ithaca has sent ripples through Greece’s political world and strengthened the impression that the ex-SYRIZA leader is eyeing a return to active politics, potentially as a unifier of the country’s progressive forces.
Linkages between euro area banks and entities in the non-bank financial intermediation (NBFI) sector may lead to the emergence of systemic risk in at least two fields. First, the banking sector receives short-term deposit, repo and debt securities liabilities from NBFI entities. Such liabilities may be prone to flight risk and difficult to substitute. Second, euro area banks provide credit to NBFI entities which follow leveraged investment strategies.
In an unusual move, Xi Jinping, the leader of China, called President Trump. The two spoke about trade, Taiwan and Ukraine, according to separate official statements.
Financial Conduct Authority yet to decide on formal probe into accounting errors at retailer’s US business
