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Asian stocks slide as Trump hits more than 80 countries with new tariffs – business live
Asian markets fell after Donald Trump announced new tariffs of 10% to 12.5% on more than 80 countries, including the UK, EU, China, India, Mexico, Canada and Australia. The measures replace a blanket 10% tariff introduced in February and have heightened concerns about weaker global trade and economic growth, while rising oil prices add to…
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AP post on USAID cuts backfires as critics question taxpayer-funded Nepal transgender jobs
An Associated Press social media post about transgender aid workers in Nepal reportedly turning to sex work after US foreign-aid cuts prompted conservative criticism. Critics argued that the report undermined the case for restoring USAID funding by highlighting taxpayer-funded employment linked to transgender issues overseas. The AP said about 100 LGBTQ aid workers in Nepal…
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PETER VAN ONSELEN: The three wise men of Australia’s economy have spoken. This is what must be done to turn the country around… as living standards crash
The article argues that Australia’s falling living standards and weak productivity require urgent economic reform, presenting the views of three senior economic figures as a warning to government. It says the country’s recovery depends on lifting productivity rather than relying on population growth, public spending or temporary boosts to national income. It calls for more…
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Study finds spike in delivery app drivers, Amazon workers receiving federal benefits
A US Government Accountability Office study found a sharp rise in Amazon employees and app-based delivery and ride-hailing drivers receiving Medicaid or food assistance. The findings matter because they highlight how many people in major, growing sectors still rely on public support despite being in work, fuelling debate over pay, job security and employer-provided benefits.…
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Shock poll hands Trump rude wake-up call on the economy and upcoming midterm election
A Washington Post/Ipsos poll indicates that economic dissatisfaction could be a significant problem for Donald Trump and Republican candidates ahead of the November midterm elections. Although voters did not give either major party a clear advantage on the economy, the findings suggest that high living costs and pessimism about future prospects may shape the congressional…
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Dubai offering £600 rewards to residents who convince friends to visit after Iran war saw tourist numbers plummet
Dubai is reportedly offering residents rewards of up to £600 for persuading friends to visit, following a sharp fall in tourist numbers linked to the Iran war. The initiative appears intended to revive visitor confidence and support Dubai’s tourism-dependent economy during a period of regional instability. The article’s headline does not specify how the scheme…
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Select Management Group Ups Paul Luckenbaugh To Newly Created Role Of Head Of Theatrical Talent
Select Management Group has promoted talent manager Paul Luckenbaugh to the newly created role of Head of Theatrical Talent. The move signals the company’s increased investment in film and television representation as traditional Hollywood and the creator economy become more closely linked. Luckenbaugh, who joined Select in 2018, will expand the firm’s theatrical expertise while…
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‘Customers prefer AI chatbots to humans’ says British Gas boss as 1,300 call centre staff axed
Centrica, the owner of British Gas, plans to reduce its call-centre workforce by 1,300 roles over two years, with 800 additional cuts following 500 announced previously. Chief executive Chris O’Shea said the reductions reflect customers’ growing use of digital services rather than AI directly replacing staff, arguing that many customers prefer chatbots and online channels.…
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Creator U: Inside the Influencer Frat
USC Reach, founded in 2017, has become the leading student organisation dedicated to training content creators, blending elements of a rigorous club application process with practical industry mentorship. It receives more than 100 applications per semester for just 20 to 30 places, reflecting the growing prestige of social media creation as a legitimate career path…
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Historic Sheffield metals firm Special Melted Products creating scores of jobs in £50m expansion