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Top StoriesStrikes Bring Public Transport to Near Standstill Across Germany
Top StoriesUK Job Vacancies Fall 15% Year-On-Year in January, Adzuna Data Shows
Top StoriesUK Employers Offer Smaller Pay Rises at Start of 2024, XpertHR Survey Shows
BusinessWhy the US Job Market Loves South Africans
Cisco to Cut More Than 4,000 Jobs, Lowers Annual Revenue Forecast
Date: February 15, 2024
Cisco to cut more than 4,000 jobs, lowers annual revenue forecast By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of layoffs by tech firms this...
‘The Hardest Job in the World’: Siberian Shipyard Workers Brave Freezing Cold
Date: February 13, 2024
‘The hardest job in the world’: Siberian shipyard workers brave freezing cold YAKUTIA, Russia (Reuters) – A drone flies low over a snow-covered shipyard in Russia’s Far East, where workers toil in subzero temperatures to maintain the hulking vessels during the bitter Siberian winter. The process of ‘vymorozka,’ which roughly translates as ‘freezing out,’ is...
UK Employers Plan Smaller Pay Rises for 2024: Cipd
Date: February 12, 2024
UK employers plan smaller pay rises for 2024: CIPD By David Milliken LONDON (Reuters) – British employers plan smaller pay rises over the coming year than they did three months ago, the first such drop in nearly four years, reflecting less willingness to tolerate higher labour costs, a major survey showed on Monday. The figures...
Sterling Reverses Course After U.S. Data, Set for Biggest Weekly Fall Since Early Dec
Date: February 2, 2024
Sterling reverses course after U.S. data, set for biggest weekly fall since early Dec LONDON (Reuters) – Sterling reversed course on Friday as the dollar strengthened after U.S jobs data to leave the pound set for its biggest weekly fall against the greenback in eight weeks. The British currency was last down 0.79% against the...
Yields, Dollar Jump on Blowout US Jobs Report, Stocks Edge Up
Date: February 2, 2024
Yields, dollar jump on blowout US jobs report, stocks edge up By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Treasury yields jumped, the dollar surged and global equities edged higher on Friday after a blowout U.S. jobs report scuttled any lingering hopes for a near-term cut in interest rates and underscored a strong economy...
Dollar Jumps, Traders Pare Rate Cut Bets After Strong Jobs Report
Date: February 2, 2024
Dollar jumps, traders pare rate cut bets after strong jobs report By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index jumped to a seven-week high on Friday after data showed that employers added far more jobs in January than expected, reducing the chances of near-term Federal Reserve interest rate cuts. Nonfarm payrolls increased...