News

Amazon.com Inc announced its plan to hire 250,000 workers for the holiday season across its fulfillment and transportation networks in the U.S. This comes as concerns arise about cautious consumer spending due to President Donald Trump’s tariff policies. Despite projections of slower U.S. holiday online sales growth, e-commerce is expected to outshine overall sales growth. Amazon will offer competitive wages and benefits to full-time and part-time employees, as well as seasonal workers, as part of its efforts to support its workforce. With retailers issuing mixed outlooks for the holiday season, Amazon gears up for increased orders and maintains its commitment to investing in its employees’ well-being.

As California faces refinery closures and a transition away from fossil fuels, thousands of oil industry workers are uncertain about their future. The planned closures of the Valero and Phillips 66 refineries in the state will have a significant impact on jobs and communities. With efforts to reduce reliance on fossil fuels, state lawmakers are grappling with how to support displaced workers and provide opportunities for transitioning into new industries.

While initiatives like the Displaced Oil and Gas Worker Fund have provided some support, there is a need for a clear plan to ensure that workers can find new, sustainable employment. As workers navigate this uncertain time, there is a call for stronger policies to protect jobs and support a successful transition for those impacted by the changing energy landscape in California.

Former first lady Michelle Obama is leading the charge to ensure that girls in economically disadvantaged areas have access to education. The Obama Foundation’s Girls Opportunity Alliance has pledged $2.5 million to support grassroots groups working to break down barriers for adolescent girls, from covering school costs to challenging patriarchal practices like child marriage. This initiative aims to create future leaders and ensure that when girls succeed, everyone benefits.

With nearly three-quarters of out-of-school girls worldwide being of secondary school-age, the Girls Opportunity Alliance’s focus on helping girls between ages 10-19 graduate is crucial. As international aid groups warn of budget cuts leading to more girls dropping out of school, the Alliance’s efforts are more important than ever. By providing funding, support, and connections to community leaders, this initiative is making a real difference in the lives of girls who face challenges like child marriage, teenage pregnancy, and school dropout.

A recent survey by HSBC revealed that a significant percentage of wealthy entrepreneurs are considering adding a new residence in the coming year, with Gen Z entrepreneurs leading the pack in wanderlust. Surprisingly, the majority of respondents cited reasons other than tax efficiency for their potential move, such as expanding their business to new markets or gaining access to new investment opportunities. The desire for a better quality of life also ranked high among respondents, showing that taxes are not the sole driving factor for where these entrepreneurs choose to live.

Despite the potential wealth tax proposal in France and recent tax changes in the U.K. causing concerns about a wealth exodus, the survey found that interest in moving among U.S. respondents was relatively low. Those who did express interest in moving were more likely to prioritize experiencing a new culture over other factors. Switzerland emerged as a standout destination where attaining a better quality of life was a major draw, reflecting the diverse motivations driving high-net-worth individuals in their relocation decisions.

After 13 years at Microsoft, principal software engineer Scott Sutfin-Glowski is resigning due to the company’s continued sale of cloud services to the Israeli military amidst the conflict in Gaza. In a letter to colleagues, Sutfin-Glowski cited his refusal to support what he considers to be “the worst atrocities of our time.” The engineer’s departure follows ongoing protests from employees regarding Microsoft’s business ties with the Israeli military, resulting in the firing of five employees. Despite Microsoft’s previous statement about halting certain services to an Israeli Ministry of Defense division, controversies regarding the use of Microsoft products by the military persist, leading to Sutfin-Glowski’s decision to leave the company.

Delta Air Lines CEO Ed Bastian reassured CNBC that the airline’s operations are currently unaffected by the federal government shutdown, but expressed concerns that if the shutdown extends another 10 days, there could be potential disruptions. This comes as more than 13,000 U.S. flights faced delays this week, with shortages of air traffic controllers being a contributing factor.

Transportation Secretary Sean Duffy highlighted a slight increase in sick calls among air traffic controllers, further exacerbating concerns about the strain on the aviation industry. With thousands of federal employees, including air traffic controllers and TSA officers, working without pay, the situation is becoming increasingly precarious. While Delta has not experienced any negative impacts yet, Bastian stressed the need for a prompt resolution to avoid potential disruptions in the near future.

A study published on Wednesday revealed that most European small and mid-sized enterprises are prioritizing artificial intelligence systems over basic digital tools, losing ground to larger firms investing in core digital systems. While large corporations are embracing AI software and scaling up investments, small businesses in Europe often lack the expertise and infrastructure necessary for successful digital transformation. This shift towards AI technologies is aimed at automating tasks and reducing costs, but it is also leading to job cuts that are reshaping entire industries.

The survey, conducted by French fintech Qonto, found that while 46% of European SMEs use AI tools daily, they lag behind in implementing essential digital tools such as digital accounting, video conferencing, and data analytics. This inconsistency poses a potential threat to Europe’s economic backbone, highlighting the need for small businesses to build strong digital foundations for long-term growth and innovation. The report suggests targeted interventions to close Europe’s digital gap, including reducing regulatory burdens in Germany, addressing skills shortages in Spain, and overcoming cultural resistance in France to strengthen competitiveness in the face of better-equipped rivals leveraging AI technologies.