UBS to slash up to 36,000 jobs after Credit Suisse merger
04 April 2023 | 10:30 am
The bank is looking to trim down after the bloating caused by the merger of the two Swiss banking rivals. More than 10,000 jobs are on the chopping block in Switzerland alone.
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12 Jan 2022
The rate of price rises across the 38 members of the OECD hit 5.8 percent in November, the highest since 1996. In the United States, the head of the Federal Reserve, Jerome Powell, has warned that high inflation poses a "severe threat" to the jobs market, ahead of the release of the latest figures there on Wednesday. FRANCE 24's Business Editor Stephen Carroll examine the factors driving the spike in inflation, and how long it might last.
28 Jan 2022
India's economy is expected to grow by 8.7 percent this year, according to the latest forecast from the International Monetary Fund, but participation in the labour force has fallen and unemployment has risen to a four-month high. How can India jump-start its labour market along with the economy? Stephen Carroll asks Rajat Kathuria, Professor of Economics and Dean of the School of Humanities and Social Sciences at Shiv Nadar University.
12 Mar 2022
The Taliban held their first economic conference, claiming wins in some sectors of the economy. But women remain concerned about their jobs and their safety.
12 May 2022
Nearly 5 million jobs lost since start of invasion, labour markets disrupted in neighbouring countries. An estimated 4.8 million jobs have been lost in Ukraine since the start of the Russian invasion, according to a report from the International Labour Organisation.
23 Jul 2022
Nigerian artist Blessing Ibie transforms abandoned tyres into impressive sculptures, creating job opportunities for young people in his community. He pays the kids to collect tyres off the streets and at the same time they clean up the environment.
22 Jul 2022
Nigerian artist Blessing Ibie transforms abandoned tires into impressive sculptures, creating job opportunities for young people in his community. He pays the kids to collect tires off the streets and at the same time they clean up the environment.
17 Aug 2022
Shopify is to cut almost 1,000 jobs after overestimating the need for workers during the COVID-19 pandemic.
23 Aug 2022
The US automaker has announced it is shedding 3,000 jobs in North America and India to cut costs and simplify processes. The company aims to accelerate its transition to electric vehicles.
16 Sep 2022
Isah Barde's robot is made of recycled materials. The 17-year-old Nigerian believes it could help with jobs that are dangerous for humans.
10 Oct 2022
Like the US and other European countries, France is experiencing its own "Great Resignation". Between the end of 2021 and the beginning of 2022, resignations hit an all-time high, at almost 520,000 per quarter. The previous record dated from 2008, just before the financial crisis.
24 Oct 2022
FRANCE 24’s Marc Perelman interviewed London Mayor Sadiq Khan in Buenos Aires, where he is chairing the C40 World Mayors Summit. The conference is focused on finding concrete, local solutions for the fight against climate change. The London mayor said he aims to keep alive the 2015 Paris agreement target of limiting global temperature rise to 1.5° Celsius.
20 Nov 2022
After Meta and Twitter, Amazon is the latest e-commerce giant looking to reduce its payroll. Reports in The New York Times and other outlets say this is part of the company's drive to cut any lossmaking or underperforming units. The job cuts, which could represent as much as 3 percent of the group's corporate workforce, would be the largest in Amazon's history.
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South Africa's economy is at risk of going off the grid as recurring power cuts wreak havoc on the country's businesses and households. Alongside this energy crisis, the nation's central bank is sounding the alarm over potential threats to financial stability. These concerns stem from capital outflows and the possibility of sanctions due to South Africa's stance on Russia's invasion of Ukraine.
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Authorities advised nearly 1.3 million people across Japan to evacuate after Tropical Storm Mawar lashed Okinawa causing in injuries to eight people.
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Russia and China have raised the possibility of BRICS accepting new members. Meanwhile, Russian President Vladimir Putin's attendance at an August summit remains unclear.