Job

Pay will be 35.2% higher on average compared with four years ago after series of strikes that have cost NHS £1bnResident doctors in England have voted to accept a new government deal on pay and jobs, bringing an end to strike action that has cost the NHS £1bn since last summer.It comes after the British Medical Association called off a strike at the last minute earlier this month to put the offer to members. Continue reading...

• OpenAI released a report today analyzing the impact of artificial intelligence on the European labor market, concluding there is no "one size fits all" outcome for jobs. • Germany, Greece, and Italy are identified as having the highest number of positions with "high automation potential," placing more workers at risk of displacement. • Conversely, Luxembourg, Sweden, and the Netherlands possess the largest shares of occupations that are expected to grow or be enhanced by AI integration.

• The Supreme Court ruled that Federal Reserve Governor Lisa Cook may remain in her position while her legal challenge against her dismissal proceeds in lower courts. • The decision centers on the legal protections provided by Congress, which established 14-year terms for Fed board members to insulate the institution from political pressure. • Under these rules, board members can only be fired "for cause," specifically citing malfeasance in office or neglect of duty.

• The Supreme Court issued a series of final rulings for the term, including a decision allowing Federal Reserve Governor Lisa Cook to retain her position. • The Court rejected a Republican-led challenge to laws in over half of U.S. states and D.C. that permit mailed ballots to be counted after Election Day if they are postmarked on time. • This ruling is significant as it prevents election officials from having to overhaul ballot rules shortly before the 2026 midterm congressional elections.

• The Supreme Court expanded presidential authority by upholding Donald Trump’s right to fire heads of independent federal agencies, overturning the long-standing precedent set by Humphrey's Executor. • In the case involving former Federal Trade Commission member Rebecca Slaughter, the conservative majority ruled that the president can remove such officials even when federal law requires a specific cause. • This ruling significantly reduces the independence of federal agencies by allowing political influence over leadership, though the court made a critical exception for the Federal Reserve.

Dunhill maker to cut about a fifth of workforce, aiming to reduce costs and become more ‘technology enabled’Business live – latest updatesBritish American Tobacco (BAT) will cut about a fifth of its 47,000-strong workforce this year, as the cigarette-maker looks for ways to push down costs and become more “technology enabled”.BAT, which is one of the biggest tobacco groups in the world, has announced it will cut 5,500 jobs by the end of the year and outsource a further 3,500, affecting a ⁠total of 9,000 employees. Continue reading...

• Andy Burnham plans to move tens of thousands of jobs out of London to replace the current "centralised, top-down model" of governance with locally-driven economic growth. • The initiative is described as the "biggest devolution of power in modern times," aiming to shift political and economic influence away from the capital. • This move comes as trust in mainstream politics declines, with voters increasingly turning toward Reform UK and the Green Party over Labour and the Conservatives.

Resolution Foundation calls for extra funding for apprenticeships and increase in number of youth support grantsMinisters should reject calls to reverse employment tax increases as a way to boost jobs for young people in favour of extra funding for apprenticeships and increasing the number of youth support grants, according to a leading thinktank.The Resolution Foundation said an in-depth study showed a cut in employers’ national insurance contributions (NICs) and a reduction in the minimum wage for under-21s – measures demanded by business groups – would do little to promote the chances of younger workers finding a job. Continue reading...

• Direct employment generated by recognized Indian startups has reached 23.36 lakh, marking a significant 36.1% year-on-year increase. • The growth highlights a trend toward inclusivity, with nearly 48% of all recognized startups now featuring at least one woman director or partner. • This surge in job creation underscores the expanding role of the startup ecosystem in driving India's overall economic and innovation growth.

• On June 28, 2026, Donald Trump issued a stern warning to Iran, stating the U.S. would "complete the job" if the current ceasefire is breached. • Natural disasters struck two regions as a 6.1-magnitude earthquake rattled Japan's northeastern coast and a 5.6-magnitude quake hit Venezuela shortly after previous disasters. • In diplomatic developments, Marco Rubio commented on the possibility of a future visit by Trump to India, signaling ongoing geopolitical engagement.

• Office workers at major Chinese tech firms, including food delivery giant Meituan, are expressing growing anxiety over potential job losses due to artificial intelligence. • Employees fear being "optimised"—a corporate euphemism for layoffs—as companies integrate AI to automate tasks previously handled by human staff. • This trend highlights a broader shift in China's tech sector, where firms are aggressively adapting to the AI era to increase efficiency and reduce overhead.

• Major technology firms are implementing widespread layoffs throughout 2026, citing the rise and integration of artificial intelligence as a primary driver for job cuts. • The trend highlights a shift in workforce requirements as AI automates tasks previously handled by human employees across the tech sector. • These developments are particularly critical for South African workers and companies to monitor, as global shifts in AI employment patterns often signal future local market disruptions.

• U.S. stock markets are concluding a solid first half of the year, though recent volatility in semiconductor stocks suggests growing investor concern over AI-driven profits. • Markets are now focusing on upcoming jobs data, which will serve as a critical indicator of the overall strength of the U.S. economy. • Strong employment figures could prompt the Federal Reserve to implement further interest rate hikes, potentially triggering market jitters and impacting high-growth tech shares.

• U.S. stock markets closed the first half of the year on a solid note, though investors remain cautious ahead of new economic data. • Market participants are closely monitoring the monthly jobs report due this Thursday, as a "hot" economy could prompt the Federal Reserve to implement further interest rate hikes. • This volatility comes as Federal Reserve policy-makers remain laser-focused on containing inflation, making employment data a critical signal for future monetary policy.

• RBC Economics predicts that the upcoming June jobs report will reinforce the Federal Reserve's current "inflation-first" policy stance. • Key indicators show that wage growth remains below headline PCE inflation, suggesting that earnings are not keeping pace with rising prices. • RBC expects initial jobless claims for the week ending June 20th to be slightly firmer, forecasting a figure of approximately 222,000.

• Investors are focusing on the upcoming June US jobs report this Thursday and falling gasoline prices, both of which are expected to ease inflationary pressures. • In Europe, new eurozone inflation data will serve as a critical test for the European Central Bank's (ECB) future interest rate hike expectations. • Market participants are also monitoring Monday's June economic sentiment indicator to see if the eurozone economy shows improvement following a sluggish PMI.

• Major corporations including Meta, Robinhood, Walmart, and Oracle are leading a wave of job cuts in 2026 as they pivot toward AI-driven operations. • These layoffs are driven by a strategic shift to invest heavily in artificial intelligence, raising concerns regarding automation and previous corporate over-hiring. • The trend underscores a broader workforce transformation, with OpenAI CEO Sam Altman predicting that AI will eliminate entire job categories while simultaneously creating new roles.

German firm reportedly considering doubling previously announced staff reductions amid Chinese competitionBusiness live – latest updatesGermany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions. Continue reading...

• Australian TV personality Karl Stefanovic is reportedly leaving his long-term role as the host of a popular breakfast show. • The departure follows a controversial interview with far-right activist Tommy Robinson, adding to a history of public scandals including on-air intoxication and disparaging remarks about a co-host. • Stefanovic's exit marks the end of a tenure spanning nearly two decades, during which he previously stepped down in 2018 due to poor ratings and personal life scrutiny.

• Amazon has invested €17 billion in low-carbon technologies across the EU and UK since 2021, focusing on carbon-free energy, transport electrification, and sustainable packaging. • An independent analysis by Frontier Economics reveals these investments have supported up to 144,000 jobs and generated approximately €11 billion in gross value added (GVA). • The initiative aims to accelerate Europe's transition to a low-carbon economy while enhancing the region's overall industrial competitiveness.

• Bill Gates stated that while AI is expected to replace many jobs, athletes are among the few professionals safe from this revolution. • Gates identified athletes, biologists, energy workers, and coders as four specific careers unlikely to be fully replaced by artificial intelligence. • The reasoning for athletes' security is based on human psychology, as Gates argues that audiences have no interest in watching computers compete in sports.

• BDO Unibank, the largest bank in the Philippines, has ruled out using artificial intelligence to implement job cuts. • CEO Teresita ASEAN-based BDO Unibank stated that AI is intended to augment human capabilities, claiming the technology "makes average performers exceptional." • This stance highlights a strategic shift toward AI-driven productivity and workforce empowerment rather than labor replacement within the financial sector.

• A bipartisan group launched on Thursday with $500 million in funding to retrain American workers displaced or affected by the artificial intelligence boom. • The initiative is supported by major corporate donors, including OpenAI, Anthropic, Amazon, Microsoft, and Bank of America. • This represents one of the largest private sector efforts to date to mitigate public anxiety regarding AI-driven widespread job losses.

Robinson, whose real name is Stephen Yaxley-Lennon, is an anti-Islamic, far-right political activist well known in the UK and EuropeGet our breaking news email, free app or daily news podcastThe man who calls himself Tommy Robinson has roared into prominence in Australia after the morning TV mainstay Karl Stefanovic posted an interview with Robinson for his podcast.The fallout was swift. Nine Entertainment, Australia’s largest locally owned media empire, is widely expected to sever ties with Stefanovic, and he will not appear on a radio show with Eddie McGuire on Friday. Continue reading...

British Chamber of Commerce boss Shevaun Haviland says transition to clean energy could be handled betterAndy Burnham should be ready to exploit the UK’s remaining North Sea oil and gas resources to avoid mass job losses in Scotland and the north-east, the director of the British Chambers of Commerce (BCC), Shevaun Haviland, has said.The decision about whether to allow extraction at the Jackdaw and Rosebank fields now appears likely to fall to a Burnham administration. Continue reading...

Growing number of cases involve police working as rideshare drivers while carrying government-issued gunsWhen the gap between his salary and his family’s basic expenses began widening dramatically, Diego – like many other Argentinians – started working as a rideshare driver on top of his day job. He usually does a few hours at the end of his 12-hour shift; and more on his days off.It would be just another story from recession-ridden Argentina, but for the fact that Diego is a federal police officer. Continue reading...

• President Lee Jae Myung's job approval rating fell to 46.7% as of the 22nd, marking the first "dead cross" since his inauguration where negative evaluations surpassed positive ones. • The decline is attributed to public anxiety over botched election management and a lack of effective policy alternatives to address volatile real estate sentiment. • Members of the ruling party have expressed concern that there are currently no policies capable of soothing public sentiment amid internal party conflicts and friction with the presidency.

Energy secretary expected to argue that UK clean economy is booming as private sector pledges over £100bn of investmentEd Miliband is to say that the UK must stick to net zero targets to deliver jobs and growth, as speculation surrounds the energy secretary’s role under a new prime minister.He will make the speech as data shows more than £100bn in green investment has been pledged by private sector companies in this parliament. Continue reading...