Posts belonging to Category jobs



BREXIT will hit strongly The City

Brexit may lead to half of City’s EU workers leaving UK

More than half of EU nationals currently working in investment management in the UK are not confident they will continue working in the country after Brexit, a report from the CFA Society UK reveals.

CFA UK’s survey of 1,100 professionals found that City workers regardless of nationality feel their job security is under threat as a result of Brexit, with just 43% of EU nationals and 52% of non-EU international employees feeling their job is secure. By comparison, 60% of British national respondents feel that their job is secure. According to CFA UK, the respondents’ views “are likely to have been impacted by their sense of job security in the current climate”.

http://www.investmentweek.co.uk…  Wed.,  18  October 2017

Social Rights for ‘gig economy’ workers

EU seeks more protection for Uber-style jobs

The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality.

The Commission’s consultation document on these plans, seen by Reuters, is part of a broader reworking of the EU’s economic priorities, after pressure from populist forces that accuse Brussels of having pursued ultra-liberal policies to the detriment of wo

http://www.reuters.comMon.,  25  September 2017

Will Trump reappoint Yellen?

Central Bank’s massive bond-buying program worries Republicans

From her early days as Federal Reserve chair, Janet Yellen has been the target of criticism from Republicans worried that the central bank’s massive bond-buying programs and near-zero interest rates engineered by her predecessor would be the ruin of the country. With little more than four months left in her term and questions swirling over whether the White House will ask her to stay on for another four years, Yellen has turned that story around.

The Fed has raised rates faster than markets had thought possible this year and, on Wednesday, it announced its $4.5 trillion bond portfolio would begin to shrink in October. All the while, unemployment has plunged to boomtime levels and inflation has remained well in check. Now Yellen’s stock appears to be rising, both among her critics and on a real-money exchange where traders can place bets on who they think will be the next Fed chair.

http://www.reuters.comFri.,  22  September 2017

There is no full employment in the US economy

Weak wage growth suggests the economy is not at full employment

TODAY’S labour market report showed that the American economy created 156,000 net new jobs in August. That was a bit less than expected, but payrolls are still growing comfortably faster than the working-age population.
Despite having created over 2m jobs in the last year, pushing unemployment below 4.5% for the last five months, wage growth remains muted, at around 2.5%, compared to more like 3.5% the last time unemployment was comparably low. Potential explanation for weak wage growth: retirements of high-earnings baby-boomers.

http://www.economist.com…  Mon.,  04  September 2017

BREXIT: no progress on any of the principle subjects

UK’s approach to Brexit is ‘nostalgic and unrealistic’, says EU negotiator

The UK’s approach to Brexit is nostalgic, unrealistic and undermined by a lack of trust, the EU’s chief negotiator has said in his strongest criticism of the UK’s stance at the talks so far.

In a tense press conference alongside his British counterpart David Davis after the third round of exit talks in Brussels, Michel Barnier was scathing about the UK’s approach to the financial settlement, citizens’ rights and hopes for future access to the single market.

http://www.theguardian.com…  Fri.,  01  September 2017

Good news for Wall Street

U.S. economic growth was stronger than initially thought during the second quarter, a sign of momentum headed into the second half of 2017.

Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at a seasonally and inflation-adjusted annual rate of 3.0% in the second quarter, the Commerce Department said Wednesday. That was the strongest quarter of growth since the first quarter of 2015.

The agency in late July estimated last quarter’s growth rate at 2.6%. Economists surveyed by The Wall Street Journal had expected a smaller upward revision to 2.8% growth.

http://www.morningstar.com…  Thu.,  31  August 2017

Greece is looking towards China

Resentful Greece Embraces China’s Cash and Interests

After years of struggling under austerity imposed by European partners and a chilly shoulder from the United States, Greece has embraced the advances of China, its most ardent and geopolitically ambitious suitor.

While Europe was busy squeezing Greece, the Chinese swooped in with bucket-loads of investments that have begun to pay off, not only economically but also by apparently giving China a political foothold in Greece, and by extension, in Europe. Last summer, Greece helped stop the European Union from issuing a unified statement against Chinese aggression in the South China Sea. This June, Athens prevented the bloc from condemning China’s human rights record. Days later it opposed tougher screening of Chinese investments in Europe.

http://www.nytimes.com…  Mon.,  28  August 2017

The US fired the first shot in a trade war with China

Why the U.S. Needs to Deal With China’s Theft of Intellectual Property

Fee trade with China is failing the U.S. because of the Chinese government’s unfair trade practices, says an American professor of economics. Brian Brenberg, an associate professor of economics at The King’s College in New York, said the idea of free trade with China is threatened by Beijing’s theft of intellectual property (IP).

“China is one of the greatest IP rights abusers in the world, and they have been at it for a long time,” Professor Brenberg told Fox Business. “And that is an attack on property rights. Free trade is great, but if property rights are not defended, free trade doesn’t work, it can’t exist in the first place,” he said. Professor Brenberg said IP rights are traditionally the U.S.’s big comparative advantage.

http://www.visiontimes.com…   Mon.,  21  August 2017

Pilotless planes could save airlines billions

Pilotless planes: would anyone fly?

The aviation industry could save $35 billion a year by moving to pilotless planes, according to a new report from UBS. Just one problem: The same report warns that only 17% of travelers are willing to fly without a pilot. UBS said that the technology required to operate remote-controlled planes could appear by 2025. Further advances beyond 2030 might result in automated business jets and helicopters, and finally commercial aircraft without pilots.

“The technologies in development today will enable the aircraft to assist and back up the pilot in all the flight phases, removing the pilot from manual control and systems operations in all types of situations,” the report said. Commercial flights already land with the assistance of on-board computers, and pilots manually fly the aircraft for only a few minutes on average.

http://money.cnn.com…   Fri.,  11  August 2017

Tesla: 1,800 Model 3 reservations a day

The waiting list for Tesla’s new Model 3 is growing fast

Tesla (TSLA) said Wednesday it is now averaging more than 1,800 net reservations each day for its cheaper electric car, following an event last week to hand over keys to the first 30 Model 3 vehicles. Tesla did not provide an updated figure for its total waiting list. At the event last week, Tesla CEO Elon Musk said the reservation number was over 500,000. On a conference call with analysts Wednesday, he clarified the number was actually 455,000, including cancellations.

The strong demand is a mixed blessing for Tesla as it grapples with scaling up production to make good on deliveries for its first mass market car. Tesla said it remains “on track” to hit its production goals. Tesla expects to produce 1,500 Model 3 vehicles in the upcoming third quarter, 5,000 vehicles produced per week by the end of this year and 10,000 per week by the end of 2018.

http://cnn.com…   Thu.,  03  August 2017