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In the UK, about 1.5 million workers, most of whom are women and part-time workers, may lose their jobs due to automation. According to The Guardian, data from the Office for National Statistics showed that for the period from 2011 to 2017, for this reason, 25.3% of cashiers at supermarkets were cut. Some retailers are planning to follow the example of Amazon, which last year opened a non-cashier supermarket in Seattle. McDonald’s is introducing a self-service system in its restaurants, reducing the number of employees behind the counter. Automation is also being successfully introduced into the work of laundries, tire workshops and in the field of agriculture. Here, according to ONS, more than 15% of jobs have been reduced. The office also reported that in 2017, women occupied 70.2% of high-risk jobs.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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