Jobs
Citi sees AI displacing more finance jobs than any other sector
CITIGROUP said artificial intelligence (AI) is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance...
FedEx to cut up to 2,000 back-office jobs in Europe
FEDEX is planning to cut between 1,700 and 2,000 back-office jobs in Europe, it said in a filing on Wednesday (Jun 12), as the parcel delivery company struggles with...
South Korea’s jobs growth cools to slowest pace since 2021
SOUTH Korea’s labour market showed signs of cooling in May as employment growth slowed to its slowest pace in more than three years, a weak outcome that may support...
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
EUROPEAN governments may be wary of budget Chinese electric vehicles (EVs) flooding their markets but they’re also fiercely competing for a share of the manufacturing investment and jobs the...
Asia: Markets fall as strong US jobs data dents rate cut hopes
ASIAN markets mostly fell on Monday (Jun 10) as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty...
Greenback bounces as strong jobs report likely delays Fed easing this year
THE US dollar rebounded on Friday (Jun 7) after data showed that the economy created a lot more jobs than expected last month, suggesting that the Federal Reserve could...
US: Stocks finish lower after May jobs data
Wall Street stocks finished modestly lower on Friday (Jun 7) following a choppy session after strong US job growth in May further dampened the outlook for imminent interest rate...
US dollar rallies after stronger-than-expected jobs report
THE US dollar jumped on Friday (Jun 7) after data showed the world’s largest economy created a lot more jobs than expected last month, suggesting that the Federal Reserve...
