AI bet goes awry: Oracle fires 21,000 employees
The global race for dominance in artificial intelligence is turning into one of the most expensive and turbulent…
Australia’s unemployment rate remains at 4.4 percent
Australia’s unemployment rate stayed at 4.4 percent in June, according to the latest Labour Force data from the…
Data centres boom’s surprising threat to Australia’s housing supply
How would you like an Australia with fewer new homes, sold at higher prices? Because that’s what we…
An embattled coal terminal could be a lifeline for US coal | Energy
California, United States – Margaret Gordon had seen her grandson racked with asthma in the early 1990s in…
As Chinese economy slows, experts say there will be ‘problems for Beijing’ | Business and Economy News
China’s economy slowed sharply in the quarter ending June, revealing vulnerabilities in the country’s growth model, which is…
‘Escaping Beijing’: Why some young Chinese are quitting the capital | Business and Economy News
For centuries, Beijing has represented the pinnacle of ambition in China. From imperial capital to the political heart…
Hundreds of experts warn the world must prepare now for AI’s impact | Business and Economy News
More than 200 economists and AI researchers call on leaders to immediately prepare for sweeping economic disruption. By…
The dirty trick behind the massive tech layoffs
A new study removes the AI fig leaf used by tech executives to present the reason for firing…
‘Doesn’t feel right’ – Bernard Hickey on raising interest rates – The Prosperity Project
The Reserve Bank’s hike is the first of what economists expect will be a series of increases as…
Head of employment service: AI bringing increased unemployment in hi-tech sector
Unemployment data in the hi-tech sector are reaching new highs, with more than 16,000 workers recently registering as…
Israeli unemployment rose in May, Central Bureau of Statistics survey reveals
Israel’s employment rate dropped in May, from 60.1% of the over-15 population employed in April to 59.9%, the Central…
As lay-offs hit, China’s unemployed find sanctuary in Communist Party centres
Most mornings, Joey Zhang can be found in an unusual setting for young professionals: with her laptop open…