HSBC says it is to cut jobs to save cash and focus on building earnings in Asia after reporting a 34% drop in annual pre-tax profits to £6.2bn during 2020. Europe’s largest bank revealed a revised strategy including a greater…
Read MoreThe Week in Business: Facebook Filters Politics
Happy Valentine’s Day. Here’s your quick rundown of the top business and tech stories to know for the week ahead, so you can spend the rest of your day eating (sorry, reading) the candy you bought for your loved ones…
Read More‘His behaviour is not up to the job’: National prepares vote of no confidence in Speaker Trevor Mallard over false rapist claims
The National Party is continuing its warpath against Speaker Trevor Mallard over his $330,000 settlement with the Parliamentary staffer he alleged was a rapist. When Parliament resumes on Tuesday National leader Judith Collins will attempt a motion of no confidence…
Read MoreJob postings and hiring reflect a rocky recovery.
While the availability of vaccines will speed the economy’s return to normal, employers remain wary about hiring, job recruiters say. Job postings and hiring typically fall off at the end of December, and the trend after the latest holiday season…
Read MoreWill an AI or robot take your job? The odds by industry
A small piece of computer coding acted as the co-pilot in a US military jet for the first time this week – and it has significant implications for the future of work. The test represented a new milestone in the…
Read MoreNegotiators make progress on long-delayed COVID-19 aid bill
WASHINGTON (AP) — A bipartisan quartet of congressional leaders is pushing hard and in tandem for a long-delayed COVID-19 relief package, hoping to seal an agreement as early as Wednesday that would extend aid to individuals and businesses and help…
Read MoreUber Is Selling Its Autonomous Air Taxi Business, A Thing That Will Never Happen: Report
It’s hard to fathom a less realistic combination of transportation-related tech buzzwords than “autonomous air taxi,” but here we are. Uber has been shedding its most money-losing operations in an attempt to return to profitability lately, and according to an…
Read MoreThe pandemic is upending job seekers’ plans, and states’ support systems.
John Michael Purdon is temporarily working as a substitute teacher near his home in Barnegat, N.J., but that was not the plan. Mr. Purdon, 22, graduated in April from the University of Pittsburgh and expected to be in a nursing…
Read MoreScale of job losses could be worse than forecast, BoE policymaker warns
The UK’s unemployment rate could overtake the Bank of England’s (BoE) predicted peak of 7.5% as the coronavirus pandemic continues, one if its policymakers has warned. Monetary Policy Committee member Gertjan Vlieghe said that, at the height of the pandemic,…
Read MoreCoronavirus: Job support scheme puts close to one million roles at risk, Labour says
The expansion of the government’s job support scheme will put close to one million roles at risk and is like throwing whole sections of the economy on the “scrapheap”, Labour has said. The shadow business secretary, Ed Miliband, also said…
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