Economy

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The annual study found that 57% of workers would not accept a job that would negatively affect their work-life balance, including flexibility like working from home, while 55% would decline if they were not offered significantly higher pay.Overall, also taking into consideration current roles, work-life balance ranks as highly as pay on workers’ list of priorities, with both appearing in 93% of the lists.AI adoption, which has displaced some jobs and put others at risk, is pushing workers to re-skill. Nearly three quarters of respondents said they valued in-work training, including in potential roles, with workers in industrial sectors that have been harder hit by automation valuing it more.”If your job would by and large disappear, because AI is taking over 80% of it, then employee and employer need to work on where there is still demand for skills,” CEO Sander van’t Noordende said in an interview.He predicted there would still be demand for jobs involving “people working with people” such as in healthcare, hospitality, or public transport. An ageing population in some countries means there will be demand for nurses, he said.The survey – which covers 27,000 workers across Europe, Asia-Pacific and the Americas – showed that 39% of respondents don’t want to progress their careers because they’re happy in their roles. “Talent is rethinking what ambition means, putting work-life balance, flexibility, equity and skilling at the heart of career decisions,” van’t Noordende said in the report.While 37% of respondents would consider quitting if asked to spend more time in the office, the state of the economy is making some of them cautious about switching jobs.”You have to listen, and you have to navigate as a company, because you can’t afford to lose a third of your people,” van’t Noordende said, While 54% of respondents considered their employer’s stance and actions on social and political issues important, 40% of the younger “Gen Z” generation feels their generation is misunderstood by their employer, the study found. More

Yellen said in remarks to the U.S. Conference of Mayors in Washington that what was the most dangerous back then “was in going too small” with recovery spending.”Many had argued that this Rescue Plan wasn’t needed. But I believe seeing where we are today vindicates the approach we took,” Yellen said in excerpts of her remarks. “GDP growth is strong and inflation has declined significantly. There are four million more jobs than before the pandemic.”Unemployment has remained below 4% for the longest period in 50 years and wage gains have been broadly shared, including by younger and less-educated workers, she added.By contrast, the recovery after the 2008-2009 financial crisis was slow and painful, with higher unemployment.”Workers and families faced unemployment and economic hardship for too long, and it created scarring for a generation of American workers,” Yellen said. More

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His foreign minister Diana Mondino will also meet Cameron, as well as the foreign ministers of the Netherlands, the Czech Republic and Lithuania and the Swiss secretary for economic affairs, according to her agenda.The trip marks the right-wing Milei’s first overseas tour since he took office last month following a rapid ascent for the relative political newcomer, who made his name as an acid-tongued economist and television pundit.Argentina and the Britain have a longstanding foreign policy conflict over the sovereignty of the British-run Falkland Islands, where they fought a brief war in 1982.Argentina has long sought to restore negotiations over Falklands sovereignty, but Britain has said that was not on the table for as long as the island’s inhabitants wanted to remain British. His meeting with the IMF follows an agreement reached last week with IMF staff over the latest review of the country’s troubled $44 billion loan programme, unlocking a more-than-expected $4.7 billion, after the previous government missed various economic targets linked to the funding.En route to Switzerland by commercial jet, the self-described “anarcho-capitalist” said he was attending the forum to “plant the idea of freedom in a forum contaminated by the 2030 socialist agenda”. More

In response, some shipping companies have instructed vessels to instead sail around southern Africa, a slower and therefore more expensive route.The U.S. and Britain launched dozens of air strikes against Houthi military targets overnight on Jan. 11 and 12, widening regional conflict stemming from Israel’s war in Gaza.Below are actions taken by companies (in alphabetical order):C.H. ROBINSONThe global logistics group said on Dec. 22 it had rerouted more than 25 vessels around Africa over the previous week, and that number would likely grow.”Blank sailings and rate increases are expected to continue across many trades into Q1 of 2024,” it added.CMA CGMThe French shipping firm said on Jan. 5 it had not changed its plans announced in December to gradually raise the number of vessels transiting through the Suez Canal.It had previously rerouted several vessels via the Cape of Good Hope.EURONAV The Belgian oil tanker firm said on Dec. 18 it would avoid the Red Sea until further notice.EVERGREEN The Taiwanese container shipping line said on Dec. 18 its vessels on regional services to Red Sea ports would sail to safe waters nearby, while ships scheduled to pass through the Red Sea would be rerouted around Africa. It also temporarily stopped accepting Israeli cargo.FRONTLINE The Norway-based oil tanker group on Dec. 18 said its vessels would avoid the Red Sea and the Gulf of Aden.GRAM CAR CARRIERSThe Norwegian auto carrier said on Dec. 21 its vessels were restricted from passing through the Red Sea.HAFNIAThe Norwegian shipping firm said on Jan. 12 it has halted all ships heading towards or within the Bab al-Mandab Strait, following an advisory from the Combined Maritime Forces to stay clear of the region after the U.S.-British air strikes in Yemen.HAPAG-LLOYD The German container shipping line on Jan. 15 said it would continue to divert vessels away from the Suez Canal and around Africa. It will take next decisions on Jan. 22.”We are not commenting on the specific incidents that occurred last night,” a company spokesperson said on Jan. 12 regarding the U.S-British air strikes, adding Hapag-Lloyd welcomed measures to secure safe passage, as diversions have led to tens of millions of euros in additional monthly costs.HMM The South Korean container shipper said on Dec. 19 it had ordered its ships which would normally use the Suez Canal to reroute around Africa.HOEGH AUTOLINERSThe Norwegian auto carrier said on Dec. 20 it would stop sailing via the Red Sea.KLAVENESS COMBINATION CARRIERS The Norway-based fleet operator said on Dec. 28 it was unlikely to sail any of its vessels in the Red Sea unless the situation improves. KUEHNE + NAGEL “Even if from today forward the Bab al-Mandeb Strait was to become safe and secure for transit, we expect it will take a minimum of two months before vessels could assume normal rotational patterns,” Michael Aldwell, executive VP for sea logistics at the Swiss logistics firm, said on Jan. 12.MAERSKThe Danish shipping group on Jan. 5 suspended Red Sea traffic “for the foreseeable future”. On Jan. 17, Maersk’s CEO said the disruption to global shipping will probably last at least a few months.Following the U.S.-British strikes against Houthi military targets, Maersk said it hopes international interventions and a larger naval presence in the area will eventually lead to a resumption of maritime commerce through the strait.On Jan. 16, it sent two container ships through the Red Sea carrying goods for the U.S. military and government. The vessels sailed in the “near proximity of U.S. Navy assets, which have reduced the risks to the crews and cargo”, Maersk told Reuters.MSCMediterranean Shipping Company (MSC) said on Dec. 16 its ships would not transit through the Suez Canal.NIPPON YUSEN Japan’s biggest shipper by sales suspended navigation through the Red Sea for all vessels it operates, a spokesperson told Reuters on Jan. 16. It has also instructed vessels near the Red Sea to wait in safe waters and is considering route change.OCEAN NETWORK EXPRESSOcean Network Express, a joint venture between Japan’s Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines and Nippon Yusen, said on Dec. 19 it would reroute vessels from the Red Sea to the Cape of Good Hope or temporarily pause journeys and move to safe areas.OOCLThe Hong Kong-headquartered container group said on Dec. 21 it had instructed its vessels to either divert their route away from the Red Sea or suspend sailing. The company, owned by Orient Overseas (International) Ltd, also stopped accepting cargo to and from Israel until further notice.TORMThe Danish oil tanker group said on Jan. 12 it has decided to pause all transits through the southern Red Sea for now.WALLENIUS WILHELMSEN The Norwegian shipping group said on Dec. 19 it would halt Red Sea transits until further notice.YANG MING MARINE TRANSPORT The Taiwanese container shipping company said on Dec. 18 it would divert ships sailing through the Red Sea and the Gulf of Aden via the Cape of Good Hope for the next two weeks. More

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