Economy
World / Countries / MNCs
Cosmetic chain The Body Shop has collapsed into administration in the UK, leaving more than 2,200 jobs at risk. more
Artificial Intelligence is eliminating jobs, report says nearly 4,000 people were laid off in US last month

Artificial Intelligence has started taking away human jobs and this is not just a myth now as a new report showed that 3900 people were laid off in the USA due to technology in May.

Economic woes dash job prospects in low income countries: ILO

New York: Soaring debt levels compounded by high inflation and rising interest rates have dashed job-seekers’ hopes in developing countries, the International Labour Organization (I ...

New Economic report shows 14 million jobs worldwide will vanish in the next 5 years

Geneva: The Future of Jobs Report 2023 suggests that almost a quarter of jobs (23%) are expected to change in the next five years through growth of 10.2% and decline of 12.3%.

Global jobs market recovery ‘has gone into reverse’, warns UN labour agency

New York: The recovery of the global jobs market is going into reverse, the UN labour agency, ILO, said on Monday, blaming COVID-19 and “other multiple crises” that have incre ...

16.6 million UK jobs at risk if entrepreneurs and SMEs cannot sustain their businesses: Study

London: Researchers from King’s Business School warn in a new report that many of the UK’s 5.86 million small and medium-sized enterprises (SMEs) are in a precarious position ...

COVID-19 pandemic wipes out 6 mln jobs in Peru

Lima/Xinhua: More than 6 million Peruvians have been left jobless due to the COVID-19 pandemic, Labor Minister Javier Palacios said on Thursday.

COVID-19: impact could see 195 million job losses, says ILO chief

New York : The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 ...

Almost 25 million jobs could be lost worldwide as a result of COVID-19, says ILO

New York: The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labou ...

Swift policy action, strong leadership can save millions of jobs, ‘avert the worst’ amid COVID-19 pandemic

New York: As dire forecasts about the global economy add to the anxiety surrounding the COVID-19 pandemic, the UN’s labour agency (ILO) on Thursday offered a range of urgent measure ...