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Business (and Economic Development)

Outsourced staff lose out on wages and rights, says TUC

The TUC says labour laws need "beefing up" to protect the rights of workers employed by outsourcing firms. The union body says such workers cannot challenge the "parent" company over minimum wage or holiday pay abuses. The TUC has called on the government to give subcontracted workers the right to challenge the end employer. The [...]

By | April 3rd, 2018|Business|0 Comments

US stock market slides as China retaliates to Trump tariffs

The opening salvos of a tariff spat between the US and China that some observers fear could escalate into a full-blown trade war sent jitters through Wall Street on Monday. Stock markets fell after Beijing hit back against Donald Trump’s imposition of tariffs on Chinese steel and aluminium with a swath of retaliatory duties on [...]

By | April 3rd, 2018|Business|0 Comments

Offshoring jobs and buying robots creates better new jobs, say economists

Buying robots to take over repetitive jobs and offshoring basic tasks to foreign workers is not bad for employment in the UK - instead, it creates more and better paid jobs. Overall productivity receives a boost as relatively unproductive jobs are automated or performed more cheaply overseas, freeing up resources domestically for higher productivity work. [...]

By | April 2nd, 2018|Business, UK Affairs|0 Comments

China hits back with tariffs on US imports worth $3bn

China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March. The tariffs affecting some $3bn (£2.1bn) of imports kick in on Monday. Beijing said the move was to safeguard China's interests and balance losses [...]

By | April 2nd, 2018|Business|0 Comments

EU official seeks ‘clear game plan’ on social media and elections

A senior EU official has called for action against internet companies that harvest personal data, as Brussels prepares to move against those spreading “fake news” following the Cambridge Analytica revelations. Sir Julian King, the European commissioner for security, wants “a clear game plan” on how social media companies are allowed to operate during political campaigns [...]

By | April 2nd, 2018|Business|0 Comments

Esther McVey: Saturday jobs help teenagers prepare for work

Esther McVey said she did not think they were "lazy" but there had been a "significant decrease" in the number of teenagers working on a Saturday. She told the Daily Telegraph there had been a fall of up to 60% in the numbers of young people with weekend jobs. As a result many lacked the [...]

By | April 1st, 2018|Business|0 Comments

Industry planning jobs cull to offset Brexit

More than a fifth of manufacturing firms are planning to lay off workers to cope with the costs of Brexit, according to a survey that suggests the sector is already losing business. More than one in 10 (11%) of manufacturers say that they have already lost contracts, according to Chartered Institute of Procurement and Supply [...]

By | April 1st, 2018|Business, UK Affairs|0 Comments

Apple is aggressively hiring Siri engineers after widespread criticisms

Following stinging criticisms of its poorly performing digital assistant, Apple has recently ramped up hiring for its Siri division, the data analysts at Thinknum discovered. Siri-specific hiring is currently said to be at an “all-time high,” with 161 open job listings — a jump of 24 percent in the last month. Starting in mid-February, shortly [...]

By | March 30th, 2018|Business|0 Comments

Apple’s new $329 iPad with Pencil support takes on Chromebooks

Apple on Tuesday unveiled a new version of its iOS-powered tablet at its education event in Chicago, which it hosted at the Lane Tech College Prep High School. The school is the largest public high school in Chicago. "Macs and iPads are used throughout schools by students for everything from music to language arts and [...]

By | March 28th, 2018|Business, Education|0 Comments

Study: wind and solar can power most of the United States

Some people doubt how much wind and solar can supply to a country’s electricity grid. We all know solar panels work well during the day, when the sun shines – they don’t work so well at night. And wind turbines only work when the wind is blowing. Fortunately, these two sources of energy fluctuate in [...]

By | March 27th, 2018|Business, Energy, Environment|0 Comments