FT News Briefing Britain’s nurses launch historic strike
Dec 16, 2022
Global stocks are feeling the pinch after central banks raised interest rates, causing markets in Europe and the US to drop. In a historic move, nurses across the UK have launched strikes demanding a significant pay raise, stirring public sentiment. Meanwhile, Argentina is momentarily united in celebration over their World Cup victory, with Lionel Messi at the center, providing a brief respite from their ongoing economic struggles.
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Global Stock Market Reaction
- Global stocks fell sharply after central banks raised interest rates.
- The ECB's hawkish stance on future rate hikes spooked investors.
UK Nurses' Historic Strike
- Nurses in England, Wales, and Northern Ireland went on strike for the first time, demanding a 19% pay raise.
- They cite understaffing, suboptimal care, and years of underfunding as reasons for the strike.
Argentina's World Cup Distraction
- Argentina's World Cup success provides temporary relief from economic woes and political turmoil.
- The focus on football distracts from inflation, debt, and a recent corruption conviction.