Jobs

• A new industry-commissioned study suggests that implementing a federal film tax credit could increase U.S. production spending by $125 billion. • The report estimates that this tax incentive would create more than 143,000 new jobs across the film and television sectors. • This policy would likely increase the competitiveness of the U.S. market against other regions that offer similar production incentives.

Rotherham has 46 online vacancies for every 1,000 young people but there are 288 in Cotswold district council areaYoung people in Rotherham face a local jobs market with the fewest suitable opportunities in Britain, according to a report that warns stark regional divisions are fuelling a crisis in youth work.As ministers push to combat rising youth unemployment, the analysis from the Institute for Public Policy Research (IPPR) showed young people faced a tougher challenge in some parts of the country to find work than in others. Continue reading...

More than a million people have left work to look after loved ones in the past two years, Carers UK saysAbout 1,500 Britons a day are quitting their jobs to become unpaid carers, as they try to balance their vulnerable relatives’ growing care needs with declining access to state-funded social care services.Research estimates that more than a million people have left the workplace to look after ageing, ill and disabled loved ones in the past two years, highlighting the social challenges caused by UK’s rapidly changing demographic profile. Continue reading...

Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyerBusiness news – live updatesOne of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).Jonathan Reynolds, the business secretary, said officials would “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge and Brinsworth in South Yorkshire and Wednesbury in the West Midlands. Continue reading...

• Google will invest at least EUR13 billion in Finnish AI infrastructure between 2027 and 2028. • The company is expanding its Hamina data center and adding new sites in Kajaani, Muhos, and Vaala, supported by a 22-year nuclear power agreement with Fortum. • This investment secures long-term energy stability for AI operations through a mix of nuclear power, wind energy, and battery projects.

• Prime Minister Modi laid the foundation stone for a new HCL-Foxconn semiconductor manufacturing unit in Uttar Pradesh. • Mistral raised €3 billion in a funding round that marks the largest tech investment in European history. • A global study found that 81% of financial firms have integrated artificial intelligence into their operations.

The sector is concerned by reports that there won’t be a cap on the levy that can be imposed by mayorsGood morning. Last year Andy Burnham, who was then mayor of Greater Manchester, and his close friend and ally Steve Rotheram, mayor of the Liverpool city region, were urging the government to allow mayors in England to bring in what they called a visitor levy.Burnham and Rotheram were pushing at an open door. In May this year Keir Starmer included plans for an overnight visitor levy bill in the king’s speech. Continue reading...