Bank of England: AI and Robots Wipe Out Entry-Level Youth Jobs
The Bank of England reports automation and AI are reducing demand for graduate roles, as youth unemployment hits an 11-year high. Labour policies and wage hikes exacerbate the crisis.
Category : Business
FAA Investigates Newark Airport Near-Miss Between Planes
Federal aviation authorities are investigating a serious incident at Newark Liberty International Airport where an Alaska Airlines jet flew over a FedEx cargo plane during landing approaches, prompting a go-around order.
Australian Welfare Payments Rise: Millions Get Centrelink Boost
Over five million Australians will see increased Centrelink payments from Friday due to bi-annual indexation and changes to deeming rates, helping combat cost of living pressures.
Hotel Inspector's Alex Polizzi Issues Ultimatum to Owners
Alex Polizzi returns to Channel 5's The Hotel Inspector, confronting a family-run B&B in Horley with a stark ultimatum after uncovering severe financial struggles.
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O'Neill Demands Urgent Meeting on Energy Costs
Northern Ireland's First Minister Michelle O'Neill calls for immediate action, labeling the government's £35 per household energy support as 'tone-deaf' amid soaring bills.
HSBC Weighs 20,000 AI Job Cuts, Wall Street Fears Spread
HSBC is considering cutting up to 20,000 jobs globally as part of an AI-driven workforce reduction, with fears that major US banks could follow suit in a sweeping industry transformation.
RBA Warns Middle East War Could Shock Australia's Economy
The Reserve Bank of Australia warns escalating Middle East tensions risk a severe international shock, disrupting oil markets and threatening financial stability amid AI investment volatility.
EasyJet passenger stranded after allergy emergency, pays £3,000
A passenger with a severe nut allergy was diverted to France on an easyJet flight, then denied boarding despite medical clearance, forcing him to spend over £3,000 on alternative travel home.
Australians Demand Mandatory Work-From-Home Amid Fuel Crisis
As fuel prices surge 39% in a month, 82% of Australian workers want mandatory WFH rights to slash commuting costs. Prime Minister Albanese establishes emergency taskforce.
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London Travel Chaos: Bus and Tube Strikes Could Coincide
London could face severe travel disruption as bus workers ballot for strike action that may coincide with planned Tube walkouts in April, May, and June over working hours disputes.
Las Vegas Casino Closes Poker Room as Visitor Numbers Drop
Resorts World Las Vegas is closing its poker room on March 30, reflecting a broader dip in travel to Sin City with visitor numbers down 7.5% last year.
Australia Fuel Crisis: Malaysia Warns of Supply Prioritisation
Australia faces severe fuel supply disruptions as Malaysia warns it may prioritise domestic needs over exports. The Iran conflict triggers global oil price surges and potential recession risks.
Fox Business Host Warns US Economy Faces Inflation Crisis
Fox Business host Taylor Riggs expresses alarm over rising US inflation, citing a 0.7% February increase and soaring oil prices amid escalating Middle East tensions.
TSA Agents Donate Blood for Cash During Shutdown
Transportation Security Administration agents are resorting to donating blood for cash to pay for gas and bills as the partial government shutdown continues, with officials warning of potential airport closures.
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Cuba Awaits First Russian Oil Shipment in Energy Crisis
Cuba prepares for its first Russian oil delivery this year as severe blackouts cripple the island, with two sanctioned tankers en route amid US threats and regional tensions.
Iran Attacks Spark 35% Gas Price Spike, Rate Rise Fears
Iran's missile strikes on Gulf energy facilities have caused a 35% surge in gas prices and Brent crude to hit $119, with the Bank of England warning of potential interest rate hikes as inflation could reach 3.5%.
Heiresses Lose Jackie O Designer's $35M Mansion in Court
Sisters Marianne and Peggy Nestor have lost their years-long legal fight to retain the $34.5 million Manhattan townhouse once owned by Jackie Kennedy's designer Oleg Cassini, following a court-ordered sale.
Eight States and DirecTV Sue to Block Nexstar-Tegna Merger
Attorneys general from eight states and DirecTV have filed lawsuits to block the $6.2 billion merger of Nexstar Media Group and Tegna, citing concerns over higher consumer prices and threats to local journalism.
401(k) Strategies for Every Age: 20s to 60s
Financial experts outline tailored 401(k) strategies for each decade, from aggressive growth in your 20s to strategic withdrawals in your 60s, ensuring a secure retirement.
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Live Nation CEO Defends Dominance at Antitrust Trial
Michael Rapino, CEO of Live Nation Entertainment, testified at a New York antitrust trial, defending the company's market position against allegations of anti-competitive practices from 33 states.
Zopa Bank Targets Major UK Digital Banking Success
Zopa Bank reports third consecutive year of profits and plans new AI features as it aims to challenge established players in the UK's competitive digital banking sector.
Manchester Airport Fire: Ryanair Jet Incident on Runway
Fire crews and emergency services rushed to Manchester Airport after a Ryanair flight reportedly caught fire on the runway, halting all arrivals and departures for over 30 minutes.
Miami Beach Threatens Legal Action Over Water Park Bill
Miami Beach commissioners are considering legal action against a state bill that would allow a water park at the Fontainebleau Hotel without local approval, sparking concerns over noise, traffic, and environmental impacts.
Bank of England Holds Rates, Warns No Cuts Amid Crisis
Governor Andrew Bailey says interest rate cuts are 'not on the horizon' as Middle East conflict threatens to push inflation higher through energy and food prices.
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Trump's Gifted Shoes Not Made in US, Firm Sues Over Tariffs
President Trump's favourite Florsheim shoes, gifted to top aides, are manufactured overseas. The parent company is simultaneously suing his administration over controversial tariff policies.
Gulf Energy Attacks Risk Long-Term Global Price Hikes
Escalating strikes on key oil and gas infrastructure in the Persian Gulf are raising fears of sustained higher prices for fuel, electricity, and consumer goods worldwide, with Asia particularly affected.
Gardeners Hail £25 Weed Puller as 'Life-Saver' for Dandelions
Amazon shoppers rave about the Ormalla Weed Puller, a discounted tool that removes weeds 'with very little effort' and saves backs from bending. The bamboo-handle device is ideal for tackling invasive plants like dandelions and crabgrass.
Tyson Foods Employee Alleges Life-Threatening Racial Harassment
A Black mechanic at a Tyson Foods plant in Virginia claims he endured nooses, castration threats, and an attempted shooting by white colleagues, leading to a federal civil rights lawsuit.
Tesla Self-Driving Probe Escalates Amid New Model Launch
Federal regulators intensify investigation into Tesla's self-driving software after crashes in poor conditions, as Elon Musk prepares to launch a steering wheel-free model.
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Tesco Leads UK Supermarkets in Replacing Barcodes with QR Codes
Tesco is trialling QR codes on fresh produce and meat, offering recipes and storage tips. GS1 UK reports nearly half of British retailers are upgrading checkouts for this shift.
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