UK Markets open in 6 hrs 15 mins

  • NIKKEI 225

    27,277.16
    -142.45 (-0.52%)
     

  • HANG SENG

    19,919.65
    -129.99 (-0.65%)
     

  • CRUDE OIL

    69.20
    -0.76 (-1.09%)
     

  • GOLD FUTURES

    1,994.90
    -1.00 (-0.05%)
     

  • DOW

    32,105.25
    +75.14 (+0.23%)
     

  • BTC-GBP

    23,078.37
    +838.41 (+3.77%)
     

  • CMC Crypto 200

    619.12
    +21.66 (+3.63%)
     

  • Nasdaq

    11,787.40
    +117.44 (+1.01%)
     

  • ^FTAS

    4,090.90
    -31.80 (-0.77%)
     
Money:

Household bills are due to rise next month

This is how you can reduce costs and save money

Slovak real wages drop most in 22 years amid high inflation

Reuters
·1-min read

(Reuters) - The real average wage in Slovakia dropped for a fourth straight quarter, falling by 7.6% year-on-year in the October-December period to post its biggest fall since 2000, the statistics office said on Friday.

For all of 2022, real wages fell by 4.5%, amid fast-rising inflation, the office said. Nominal wages rose by 7.7%, it said.

The statistics office also said nominal wage increases were recorded in all sectors although below inflation.

Average inflation hit a three-decade high of 12.8% in 2022, with the headline rate sitting above 15% in January.

(Reporting by Jason Hovet in Prague; Editing by Subhranshu Sahu)

Latest stories

  • American restaurant server fumes over $70 tip left by tourists

    A viral tweet has sparked debate over differences between the US and the rest of the world when it comes to tipping restaurant workers

  • Blackburn haulage company goes bust making more than 100 staff redundant

    A 90-year-old haulage company has gone bust, making more than 100 of its employees redundant with immediate effect

  • Ford to lose $3bn making electric cars

    Ford expects its electric car business to lose $3bn (£2.4bn) this year as it ratchets up spending on new models and the factories to build them.

  • House GOP Accuses Global Ad Group Fighting Misinformation of Violating US Law

    (Bloomberg) -- House Republicans are accusing an industry group of violating antitrust laws with its efforts to fight online misinformation.Most Read from BloombergJack Dorsey’s Block Falls After Hindenburg Says It’s Short the StockUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidShort Seller Hindenburg Says ‘Another Big One’ Coming SoonFinally, a Serious Offer to Take Putin Off Russia’s HandsAckman Warns of Accelerated Deposit Outflows After Fed DecisionIn a letter Wednesday, GOP

  • Here's why (and when) you might hear explosions in Southend next week

    Residents across Southend may hear gunfire and explosions next week as MOD Shoebury has issued a warning.

  • Australia's IPH switches to new network infrastructure after cyberattack

    The company detected unauthorised access to document management systems last week, which included administrative documents as well as some client documents and correspondence at its head office and two member firms. IPH said on Friday new systems were now in use by the two affected member firms, Spruson & Ferguson (Australia) and Griffith Hack. Sydney-based IPH said it has enhanced network security, adding that it was continuing to work with external cybersecurity and forensic IT advisors on the investigation related to the cyber breach.

  • Ten construction firms fined total £60m for ‘illegally colluding’ on contract bids

    CMA found companies had acted as a cartel over 19 private and public sector contracts worth £150m

  • A new Taiwanese luxury airline is launching flights from Taipei to the US. See inside the swanky Airbus A350 flying the 12-hour route.

    Unlike other startup airlines, Starlux has entered the market as a full-service carrier with a first class cabin and Bluetooth-equipped TV screens.

  • Rail strikes called off by RMT union

    The RMT has announced it is suspending planned strike action across two days next week.

  • Energy import cost doubles to £117bn as price cap sends borrowing to record high

    Energy price guarantee pushes government borrowing to £16.7bn in February – highest since records began

  • Supermarket delivery worker hailed a hero after helping to save customer's life

    Delivery driver hailed a hero after helping to save a customer's life.

  • Meta Says ‘Nonsense’ to EU Push to Fund Telecom Infrastructure

    (Bloomberg) -- Meta Platforms Inc. dismissed telecom operators’ claims that streaming services need to help pay for internet network upgrades to run the metaverse, calling the idea “nonsense” in a blog post.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidShort Seller Hindenburg Says ‘Another Big One’ Coming SoonJPMorgan Sold $10 Million in Jewels Left in Bank Safe Deposit Box,

  • Will Rolls-Royce shares be the FTSE 100’s top performers in 2023?

    Rolls-Royce shares have outpaced all other FTSE 100 stocks in 2023 so far. Can this stellar performance continue as the year unfolds? The post Will Rolls-Royce shares be the FTSE 100’s top performers in 2023? appeared first on The Motley Fool UK.

  • 'Most vulnerable' U.S. banks lost $1 trillion in deposits in a year -JPMorgan

    JPMorgan Chase & Co analysts estimate that the "most vulnerable" U.S. banks are likely to have lost a total of about $1 trillion in deposits since last year, with half of the outflows occurring in March following the collapse of Silicon Valley Bank. The team of JPMorgan analysts led by Nikolaos Panigirtzoglou did not name any of the banks they categorized as "most vulnerable" or say how many they included in this group. "This risk is heightened by the fact that mid- and small-size banks play a disproportionably large role in U.S. bank lending," they added in a note dated March 22.

  • Gwyneth Paltrow’s lawyer complains after actor is photographed in court

    Gwyneth Paltrow’s lawyer complains after actress is photographed in court during trialReuters Live

  • Fox faces skeptical judge in Dominion defamation case

    STORY: Fox News was met with a skeptical judge Tuesday as the U.S. network tried to avoid the defamation trial it faces from Dominion Voting Systems. It’s one of the most closely watched media trials in years. And both sides had been hoping for a quick ruling without a jury over Dominion’s $1.6 billion lawsuit. The company alleges Fox ruined its reputation as an election tech provider by knowingly airing vote-rigging claims that the network knew were false. However judge Eric M. Davis said in a Delaware hearing that he was still deciding whether or not to issue a summary judgment. He questioned the Fox legal team about its argument of ‘neutral reporting’ privilege, where they say the network aired former President Donald Trump’s claims about the 2020 election in pursuit of ratings.Despite knowing they were not true. Roy Gutterman is a communications law expert and associate professor at Syracuse University. He says any outcome in the case may have major effects. "This case has implications for all the parties involved. The plaintiff here certainly has a legitimate argument to make that its business was being impuned with allegations of election fraud. If that is your bread and butter, if that is your sole business, you can certainly understand how these allegations could harm their reputation. We all have reputations that we're concerned about. From the media standpoint, Fox, this could be a credibility issue with Fox, that they're putting things on the air perhaps to placate their viewers, rather than adhere to the truth." Dominion for its part must prove Fox knew what it was doing by a legal standard called ‘actual malice.’ While on Tuesday Fox lawyer Erin Murphy argued that reasonable viewers understood that the claims Fox aired were just allegations. Fox also argues the impact of election coverage on Dominion’s business was minimal, citing a December 2020 email in which the Dominion’s CEO said, “no customer cares about the media.” The pretrial hearing is due to resume on Wednesday, and the trial itself is set to start on April 17.

  • Employees are checked out at work more than at any time in history — and it makes no difference if they work from home or not. Here's why

    Work at home? Work at the office? It makes no difference, according to a Gallup poll.

  • I'm 49 years old and have nothing saved for retirement — what can I do? Don't panic. Here are 3 easy ways to catch up (and fast)

    You're in a race against time and your dream retirement awaits at the finish line.

  • Amazon raises minimum starting pay for thousands of workers by 50p to £11

    The online giant employs more than 50,000 people across the UK.

  • How airlines are forecasting the summer travel demand amid rising demand, ticket prices

    Yahoo Finance columnist Vera Gibbons breaks down the rise in travel demand and details how it will effect summer airline prices.