• HSBC axes 160-year-old management scheme in bid to cut costs

    HSBC axes 160-year-old management scheme in bid to cut costs

    HSBC’s “International Manager” programme, a legacy scheme set up to develop the next generation of the bank’s executives, has been closed to new recruits in a cost-cutting effort.

  • Starbucks faces global protests as unions rally behind striking US baristas

    Starbucks faces global protests as unions rally behind striking US baristas

    Starbucks workers and union supporters in 10 countries, including the UK, Germany, and Australia, staged coordinated protests yesterday in solidarity with 3,000 striking US baristas. The US workers, represented by Starbucks Workers United, are calling for better pay, staffing, and resolution of hundreds of labour disputes. While Starbucks says the strike has had minimal business…

  • Government vows to combat spurious lawsuits

    Government vows to combat spurious lawsuits

    Justice Secretary David Lammy has committed to addressing spurious lawsuits aimed at silencing whistleblowers and journalists, otherwise known as Slapps – strategic lawsuits against public participation. At the launch of the government’s anti-corruption strategy, Lammy outlined plans to enact provisions from the Economic Crime and Corporate Transparency Act 2023 to combat these lawsuits. He said:…

  • Flu outbreak forces school closures

    Flu outbreak forces school closures

    Schools across the UK have introduced temporary closures and other measures to contain a highly infectious mutated influenza A (H3N2) strain, known as “subclade K.” Several schools, including St Martin’s in Caerphilly and Congleton High in Cheshire, shut for deep cleaning, while others reduced activities such as singing assemblies to limit transmission. The outbreak has…

  • HSBC bans Christmas jumpers

    HSBC bans Christmas jumpers

    HSBC has told staff not to wear Christmas jumpers due to a need to maintain a sense of professionalism and sensitivity to customers who may be dealing with difficult circumstances. A HSBC spokesman said: “We are encouraging colleagues to celebrate Christmas in branches in lots of different ways, including decorating branches, team celebrations and festive…

  • AI companies’ safety practices ‘fail to meet global standards’

    AI companies’ safety practices ‘fail to meet global standards’

    A new edition of the Future of Life Institute’s AI safety index says the safety practices of artificial intelligence companies including Anthropic, OpenAI, xAI and Meta are “far short of emerging global standards.” Max Tegmark, MIT professor and Future of Life president, observed: “Despite recent uproar over AI-powered hacking and AI driving people to psychosis…