The latest figures on UK pay growth and unemployment present a complex picture of the country’s labour market. The unemployment rate has seen a slight uptick to 4.2%, a rise from the previous 3.9%. This increase, which is more than anticipated, suggests a softening in the labour market. Conversely, wage growthRead More →
The company intends to reduce its global workforce by over 10%, amounting to roughly 14,000 employees As of December, Tesla had a total of 140,473 employees worldwide. This decision is believed to be a response to the obstacles Tesla is encountering with slowing growth and operational effectiveness and cheaper competition. In anRead More →
On a quarter-by-quarter basis, China’s GDP grew 1.6% in the first quarter, compared to analysts’ expectations of around expectations of 1.4%. Beijing’s growth target for 2024 is around 5%. China’s growth was driven in part by external demand, as export volume grew by 14% year on year. Industrial output forRead More →