Latest news with #jobs
Mail & Guardian
7 hours ago
- Politics
- Mail & Guardian
One-year-old GNU brings stability, but fails on other metrics
No goal: ActionSA, which chose to remain outside the government of national unity, gave a damning evaluation of the GNU. Photo: @Presidency/ZA/X Observers say the government of national unity has kept parties such as the EFF and MK in check, but jobs, growth and reform remain elusive This content is restricted to subscribers only . Join the M&G Community Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently. Subscription enables: - M&G community membership - independent journalism - access to all premium articles & features - a digital version of the weekly newspaper - invites to subscriber-only events - the opportunity to test new online features first Already a subscriber?
Daily Mail
15 hours ago
- Business
- Daily Mail
Bank of England boss Andrew Bailey sounds alarm over jobs as it leaves interest rates on hold
Bank of England Governor Andrew Bailey yesterday sounded the alarm over the darkening outlook for jobs as it left interest rates on hold – but opened the door to a cut in August. He said there had been 'signs of softening in the labour market' as a Bank survey found that UK employers are slamming the brakes on pay rises as a result of Rachel Reeves' £25billion raid on employers' National Insurance. Global events are also 'highly unpredictable' as conflict in the Middle East pushes up oil prices and US tariffs also take their toll. The comments are the latest evidence undermining Government claims that it is turning the economy around. Recent figures showed more than 100,000 UK jobs were lost in May with a quarter of a million axed since the Budget. Growth in the first quarter of this year was followed by a downturn in April, when GDP slumped 0.3 per cent. Employment growth is also 'near zero'. The Bank's monetary policy committee left interest rates at 4.25 per cent, citing the need for a 'gradual and careful' approach. But three of the nine members voted for a cut, fuelling hopes of a rate slash in August. Inflation is 3.4 per cent and expected to climb close to 4 per cent by the end of the year. The feedback from the Bank's survey was bleak. Many firms are in 'wait-and-see' mode on tariffs while investment intentions are being held back by factors such as 'fragile demand, trade developments, Government tax and labour policies'.
Fast Company
a day ago
- Business
- Fast Company
Texas Instruments' $60 billion chip pledge sounds bold—but the U.S. still has work to do
More than $60 billion of investment will be spent by Texas Instruments to build and expand seven semiconductor factories in the United States, creating more than 60,000 jobs in the country, the company said today. The announcement, which will see the investment spent across seven semiconductor fabrication sites, is a boost for President Donald Trump, though it is not exactly new cash, some experts argue. 'I think it's exactly what they've been saying for the last four or five years,' says Stacy Rasgon, a senior analyst at Bernstein who covers semiconductors. 'They're probably one of the few that's actually put massive amounts of dollars in the ground in the U.S. already. So you might as well get credit for it.' The announcement also does not include a time frame. Texas Instruments CEO Haviv Ilan said in a statement: 'TI is building dependable, low-cost 300-millimeter capacity at scale to deliver the analog and embedded processing chips that are vital for nearly every type of electronic system.'
Wall Street Journal
a day ago
- Business
- Wall Street Journal
The Real Message Andy Jassy Is Sending to Employees on AI
Amazon AMZN -1.07%decrease; red down pointing triangle chief Andy Jassy had a chilling message for employees this week: AI is coming for your jobs. But things at Amazon are more nuanced than that. The company is unique among its big-tech peers: Amazon's business model requires a huge number of warehouse workers and delivery drivers. The company reported 1.56 million full-time employees in its last quarterly filing—nearly seven times the total of the next-largest megacap tech giant.
News.com.au
a day ago
- Business
- News.com.au
Amazon workers told AI may replace them in a few years
Amazon's chief executive has told the company's white-collar staff that artificial intelligence could compete with their jobs in a few years. The need for fewer employees comes as generative AI systems, such as chatbots, can carry out more tasks autonomously. Amazon employs 1.5 million people worldwide.
