Accessibility Links

Your 60 second weekly update

Posted by: Jemma Puzey

Flash crash sees the pound gyrate in Asian trading. Asian stock markets were rattled this morning after the pound briefly and mysteriously plummeted to a fresh 31-year low in early trading, amid persistent concerns about Britain's exit from the European Union. The British currency, which was trading at around $1.26 on Thursday, plunged past the $1.20 level early today before recovering minutes later and was recently trading around $1.24. Possible triggers cited by market watchers included a rogue automated trading algorithm or comments to British media by French President Francois Hollande, who insisted the European Union must take a tough stance in negotiating Britain's exit from the bloc's tariff-free single market. (Source: CNBC)

Flexible working: Why are high earners more likely to benefit? New research suggests that if you're a low earner you're far less likely to be given flexible working arrangements which can working from home or working part time.
High earning parents who make more than £70,000 a year are much more likely (47%) to work flexibly than those earning between £10,000 and £40,000, according to a poll of 1,000 working parents carried out by the charity Working Families. The Federation of Small Business (FSB), which represents small firms, agrees that flexibility is an important way to retain staff declaring, "Our research shows 80% of small businesses offer or would consider offering flexible working opportunities to their staff.” (Source: BBCNews)

Microsoft, Google, Facebook amongst others, are investing in artificial intelligence. "We're moving from a mobile first to an AI-first world." That is how Google's boss, Sundar Pichai, opened his presentation on Tuesday, where his company unveiled a range of new hardware products. In fact Facebook, Google, Amazon, IBM and Microsoft announce a new ‘AI partnership’ established to study and formulate best practices on AI technologies. The partnership on AI will create an open forum for AI ethics to be discussed, while also promoting public understanding and awareness on AI, making sure both the benefits and the costs are assessed. (Source: Techworld) 

The number of jobs for new graduates has shrunk by 8% in a year, suggests a survey of more than 200 top employers. This is a sharp reversal after four years of growth in graduate jobs, says the Association of Graduate Recruiters (AGR). Some firms are "repackaging" graduate roles as higher apprenticeships but overall the labour market for young people is shrinking, says the AGR. Brexit is the biggest serious challenge for recruiters, said Chief Executive Stephen Isherwood. The AGR, which represents blue chip companies and major public sector employers, carries out an annual survey of graduate job vacancies among its members. (Source: BBC Edu)





Add new comment