Shenzhen-based software developer Peter Li was laid off from a leading internet company last month – his first job since graduating from university – after failing to meet department performance targets. He joins a growing group of young victims of China’s grim job market. While the 24-year-old expects to find another job eventually, Li said … Read more
The U.S. Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. “The committee has gained greater confidence that inflation is … Read more
Job hunting in today’s labour market can be overwhelming, with many candidates vying for the same positions. Whether you’re a seasoned professional or just starting your career, standing out in this competitive landscape can be challenging. However, a recent report highlights the growing competition across the U.S. and reveals which states are the most and … Read more
In the last of a four-part series on China’s universities and campus life, Alcott Wei investigates why army life has become an attractive option for many of the country’s young people in their quest for a university degree. Read the third part here. For Alan Yuan, joining China’s military wasn’t so much about the lofty … Read more
Dr Hema Bajaj, Head faculty, MBA – HR, NMIMS, Ruhie Pande, Group CHRO, Sterlite Power, Amit Das, NOVO Nordisk India, Dr Suryanarayan G Iyer, Head, Human Capital Management Cloud Solution Engineering Team, Oracle India at the BSmart HR Conclave 4 min read Last Updated : Aug 28 2024 | 6:12 PM IST Artificial intelligence (AI), automation, … Read more
Prime Minister Justin Trudeau announced Monday the federal government will reduce the number of temporary foreign workers in Canada after a historic surge that some experts say has fuelled unemployment among immigrants and young people. Trudeau also said the government is considering a reduction to the number of permanent residents Canada accepts each year — a potentially major policy … Read more
Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed 44,000 jobs, and in finance, insurance, real estate, rental and leasing, which shed 15,000 jobs. Public administration, transportation and warehousing, and utilities saw jobs gains. … Read more
The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process. That’s according to the central bank’s newly released summary of deliberations detailing discussions ahead of the July 24 rate decision. “With the emergence of slack … Read more
Tangible assets like gold appreciate over time because they are limited in supply, have universal demand, and are highly exchangeable worldwide. Gold has been seen as a sign of wealth for many centuries. Its intrinsic store of value and negative correlation to stock markets have made it one of the few asset classes that reached … Read more
Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The S&P 500 fell 1.8 per cent on Friday for its first back-to-back loss of at least one per cent since April. The Dow Jones industrial average lost 1.5 per cent, and the Nasdaq composite … Read more
