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From Free Crumpets to Store Discounts, UK Grocers Lure Workers
Date: September 12, 2022
By Richa Naidu LONDON (Reuters) – With job vacancies in Britain close to a record high, retailers including Tesco Plc have begun offering better perks to workers, enticing them with free food and essentials during a cost-of-living crisis. Britain’s labour market emerged from the pandemic with unemployment at its lowest levels since 1974 and record...
JPMorgan Readies Overseas Retail Expansion With German Hiring Spree
Date: September 5, 2022
By Marta Orosz and Tom Sims FRANKFURT (Reuters) – JPMorgan plans to hire a team of retail bankers in Germany as the biggest U.S. lender prepares to expand its international consumer business in pursuit of steadier revenue streams. In its first such foray outside the United States, JPMorgan entered the British market with a digital-only...
UBS Ups Greek Economy’s 2022 Growth Forecast on Tourism Tailwind
Date: August 24, 2022
ATHENS (Reuters) – Greece’s economy could grow by 5.7% this year from 4.0% previously forecast as the country benefits from a strong rebound in tourism, UBS said in a research report on Wednesday. “Our new growth projection is 150 basis points above market consensus of 4.2%,” UBS economist Gyorgy Kovacs said in the report. Tourism...
Nissan to Cease Producing Cylinder Heads for Renault From 2024
Date: August 24, 2022
PARIS (Reuters) – Nissan said it would stop production of cylinder heads for French car maker Renault at its plant in Sunderland, northern England, from early 2024, adding it did not expect this move to result in job losses. “From early 2024, Nissan Sunderland Plant will cease production of cylinder heads on site. We do...
Britain Sets Out Roadmap for Self Driving Vehicle Usage by 2025
Date: August 19, 2022
LONDON (Reuters) – Britain said on Friday it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing plans for new laws and 100 million pounds ($119.09 million) of funding. The government said it wanted to take advantage of the emerging market for autonomous vehicles, which it valued at 42 billion pounds and...
Record Numbers Resign in France as Bargaining Power Balance Shifts -Labour Ministry
Date: August 19, 2022
By Myriam Rivet and Tassilo Hummel PARIS (Reuters) – More French employees than ever quit their jobs at the end of 2021 and start of 2022, as the balance of bargaining power shifts away from employers, a labour ministry study showed on Thursday. Over one million quit between October and March, the study by the...