Unemployment and Recruitment in Job market
Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect 5% of its global workforce and cost £972m in severance and reorganisation costs. Microsoft is the latest, but it won't be the last, as the giants seek to tighten their belts following the boom time of the pandemic, when lockdowns meant people were stuck at home, wanting to spend their cash on digital entertainment and devices. Amazon plans to cut over 18,000 jobs, the largest number in the firm's history, as it battles to save costs. The online giant employs 1.5 million people globally and said the job cuts would include Europe. Meanwhile M&S will create 3,400 jobs as it opens new shops. AJ Bell’s investment director said it felt significant that M&S had revealed its investment figure at a time when the retail environment is not buoyant. see
Ukraine: War crimes
A Russian missile strike hit an apartment building in Dnipro housing 1,700 people. President Zelenskyy reported 75 survivors were wounded, at least 40 people died. Rescue efforts continue, but Mayor Borys Filatov said, ‘there is minimal chance of finding others alive. The death toll made it the deadliest attack in one place since September. The attack ends a two-week lull in airstrikes against Ukraine's power infrastructure and urban centres. A Dnipro survivor said, ‘There are no military facilities here, no air defence, no military bases. It just hit civilians, innocent people.’ Russia’s Defence Ministry said, ‘All designated targets on Ukraine’s military command and control system were hit’ see Meanwhile a former commander with the Russian paramilitary Wagner Group has deserted and claiming asylum after witnessing war crimes in Ukraine - including deserters being executed and killing Russians who don't want to kill Ukrainians.
Germany: Defence minister resigns after blunders
Christine Lambrecht was widely criticised for failing to improve Germany's notoriously ill-equipped armed forces despite the provision of €100bn (£88bn) for that task following Russia's invasion of Ukraine. She was mocked for announcing Germany was supporting Ukraine by sending 5,000 military helmets and has resigned following a series of blunders. Ms Lambrecht was due to meet other defence ministers from Ukraine's western allies at the American military base in Ramstein to discuss further support for Ukraine. Berlin is under rising pressure to send Ukraine Leopard 2 tanks - which Ukraine considers vital to defeat Russia - or at least approve their delivery from countries such as Poland. Warsaw signalled its intention to supply the battle tanks but requires permission from the country of manufacture. Germany’s Vice Chancellor recently said his country would not stand in the way of other nations sending Leopards.
Israel: Israelis protest against Supreme Court reform
Following the instalment of the most religious and hard-line government in Israeli history, over 80,000 protesters rallied in Tel Aviv against plans by the new right-wing coalition to overhaul the judiciary. The reforms will make it easier for parliament to overturn Supreme Court rulings, among other things, and protesters said changes are an attack on democratic rule. Rallies were also held outside the prime minister's Jerusalem residence and the northern city of Haifa. Critics say the reforms would cripple judicial independence, foster corruption, set back minority rights and deprive Israel's court system of credibility. If it passes into law, the plan could make it easier for the government to legislate in favour of Jewish settlements in the occupied West Bank without worrying about challenges in the Supreme Court. Israel has previously highlighted the power of the court to rule against it, as a way of blunting international criticism of such moves.
