<h3 fr-original-style="" style="margin: 0px; color: rgba(0, 0, 0, 0.85); font-weight: 500; padding: 0px; box-sizing: border-box;">Aposto Europe&nbsp;delivers your daily briefing on markets, politics, business, tech and more - all under 5 minutes. Don't miss out on what's happening in the world.</h3><hr fr-original-style="" style="height: 0px; overflow: visible; border-bottom: none; clear: both; user-select: none; break-after: page; box-sizing: border-box;"><a fr-original-style="" href="https://aposto.com/i/a-bitter-pill-to-swallow" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Friday</a>•&nbsp;About 100,000 National Health Service nurses in Britain staged their first-ever strike over pay in the union's 106-year history on Thursday, as the UK faces a wave of industrial action amid record-high inflation.<ul fr-original-style="padding-inline-start: 20px;" style="margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">The demand: Nurses want a pay rise of 5% plus inflation, arguing they have suffered a decade of real-term cuts and that low pay means staff shortages and unsafe care for patients.&nbsp;</li><li fr-original-style="" style="box-sizing: border-box;">The response: The government says their demand would equate to a 19% hike, with Health Secretary Steve Barclay saying that figure is "not affordable given the many other economic pressures we face."</li><li fr-original-style="" style="box-sizing: border-box;">Looking ahead: The second walkout is set to take place on Dec. 20 while the Royal College of Nursing union said more strikes were possible if the government refuses to discuss pay.</li></ul><a fr-original-style="" href="https://aposto.com/i/second-in-a-row" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Thursday</a>• The US Federal Reserve raised its key interest rate by 50 basis points on Wednesday, slowing the pace from the previous four meetings when rates increased in three-quarter-point increments, as signs emerge that inflation is beginning to cool. The Fed’s decision —which was widely expected by economists— set their policy rate at a range of 4.25% to 4.5%, the highest it has been since 2007.<a fr-original-style="" href="https://aposto.com/i/sbf-4-life" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Wednesday</a>•&nbsp;Britain's unemployment rate rose for a second month, data from the Office for National Statistics showed on Tuesday, signaling that some of the inflationary heat in the labor market is cooling as the economy stumbles. The unemployment rate increased to 3.7% in the three months to October from 3.6% in the three months to September.<ul fr-original-style="padding-inline-start: 20px;" style="margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">On a related note: Inflation-adjusted average pay for British public sector workers fell to a 19-year low in October, highlighting why so many are going on strike. Public sector pay is 6% lower in real terms than in October 2021.</li></ul><p contenteditable="false" fr-original-class="custom-button-wrapper fr-deletable" fr-original-style="text-align:center" style="text-align: center; margin-top: 0px; margin-bottom: 1em; box-sizing: border-box;"><a bgcolor="#effe75" color="#090909" contenteditable="false" fr-original-class="custom-button-link" fr-original-style="background-color:#effe75 !important;color:#090909 !important" href="https://aposto.com/n/news" rel="noreferrer" style="background-color: rgb(239, 254, 117) !important; color: rgb(9, 9, 9) !important; text-decoration: none; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Subscribe</a>

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