Posts belonging to Category jobs



Brexit: Airbus ‘set to quit’ UK

Tens of thousands of jobs at risk

Aerospace giant Airbus is preparing to quit Britain due to fears of a hard Brexit, potentially putting tens of thousands of jobs at risk, it was reported last night.

The European aerospace company, said to generate £1.7billion a year in tax, is set to abandon plans to build aircraft wings at its British plants, according to The Times.

Production will be moved to China, the US or elsewhere in Europe, rather than taking place here as was previously hoped. Airbus, which has factories in Bristol, Portsmouth, Stevenage and Broughton in north Wales, employs 14,000 people in the UK while a further 110,000 jobs are supported by its supply chain.

https://www.metronews.com/

Paris beats London as Europe’s favorite investment destination

BREXIT impact  + “Macron effect”

An Ernst & Young survey shows Paris has overtaken London as Europe’s most attractive destination for foreign investors for the first time since EY began such reports 15 years ago.

The change in the continent’s pecking order is a sign of the impact of both Brexit and the “Macron effect”.

The French capital was ranked No. 1 for foreign direct investment by 37 percent of businesses, based on a survey of 502 companies and data from EY and IBM covering 2017.

U.S. job growth surges

Unemployment rate falls to 3.8 percent

U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation. The closely watched employment report released by the Labor Department on Friday also showed wages rising solidly, cementing expectations that the Federal Reserve will raise interest rates this month and boosting the probability of two more hikes later in the year. It renewed fears about the economy overheating.

https://www.reuters.com/

Deutsche Bank mulls cutting 10,000 staff globally

City jobs in firing line

The City is braced for swingeing cuts at Deutsche Bank as the beleaguered banking giant considers cutting 10,000 jobs globally, equivalent to one in 10 of its staff, according to reports.

It is understood the redundancies will be focused in the German lender’s investment bank, which employs more than 8,000 people in the UK.

Globally the unit employs 40,000 of the lender’s total 97,000 workforce.

https://www.telegraph.co.ukcom/

The Flow, the new business culture?

Freedom, Mastery, Ownership

Video games are evil creatures that will rot your brain. Unless, of course, you’re like pro-gamer Callum Negus-Fancey and build an entire event marketing business out of what attracts you to them.  What Negus-Fancey was really after through up to 15 hours of play a day, he discovered, was the sense of flow gaming brought to him. Great games allowed him to lose a sense of time and simply focus. So his next question then became, what are the specific dynamics that create flow and foster motivation during gaming, and could those serve as the foundation for a spectacular business culture?

Negus-Fancey came up with 3 key elements that relate to flow. He’s made them the centerpiece of culture at Verve, the company he co-founded with his brother, Liam, in 2013. The business, which has approximately 150 employees and $35M in venture funding to date, helps develop brands by rewarding individuals for word-of-mouth advertising.

https://www.inc.com/

The US offshore wind industry is about to take off

8 States have approved plans to build wind farms

There are only five wind turbines operating in U.S. waters today. But that will likely soon change, partly because of states with ambitious offshore wind targets.

Massachusetts, for example, is about to pick one of the three bids it got from companies vying to build one of the nation’s first commercial-scale offshore wind farms. Equipped with the capacity to generate enough electricity to power as many as 150,000 homes, the turbines located about 20 miles southwest of Martha’s Vineyard would be among several big offshore wind projects that could transform the grid.

https://www.businessinsider.com/

Humans are sometimes superior to robots

Elon Musk tweets about Tesla delays

  • “Yes, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated,” Musk wrote in a tweet on Friday3.
  • His tweet came in response to a story from CBS, in which the CEO bemoaned the Model 3 as overly ambitious, and the production process as too technical.

http://www.cnbc.com/

Trade War: President Trump Wants to Hit Heavily Chinese Goods

 $100 Billion in New Tariffs

President Donald Trump instructed the U.S. trade representative to consider slapping an additional $100 billion in tariffs on Chinese goods on Thursday in a dramatic escalation of the trade dispute between the two countries.

Trump’s surprise move came a day after Beijing announced plans to tax $50 billion in American products, including soybeans and small aircraft, in response to a U.S. move this week to slap tariffs on $50 billion in Chinese imports.

And it intensified what was already shaping up to be the biggest trade battle since World War II. Global financial markets had fallen sharply as the world’s two biggest economies squared off over Beijing’s aggressive trade tactics. But they had calmed down Wednesday and Thursday on hopes the U.S. and China would find a diplomatic solution.

 http://www.time.com

Is Amazon a monopoly?

President Trump is ‘obsessed’ with Amazon

Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.” Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.

A source who’s spoken to POTUS: “He’s wondered aloud if there may be any way to go after Amazon with antitrust or competition law.”Trump’s deep-seated antipathy toward Amazon surfaces when discussing tax policy and antitrust cases. The president would love to clip CEO Jeff Bezos’ wings. But he doesn’t have a plan to make that happen.
Trump’s wealthy friends tell him Amazon is destroying their businesses. His real estate buddies tell him — and he agrees — that Amazon is killing shopping malls and brick-and-mortar retailers.

http://www.axios.com

Machines have replaced human stock market traders

Impact on the next financial crisis could be devastating

The February sell-off in stocks demonstrated the impact of automated trading on markets, according to Charles Himmelberg, Goldman Sachs’ cohead of global markets research.
“In this new market structure, machines have replaced humans, and speed has replaced capital,” Himmelberg said in a note.
This new ecosystem dominated by machines has dried up the sources of liquidity that would be needed in the next major wave of selling, he said.
http://www.businessinsider.com