People starting new jobs at lowest level in five years
The Office for National Statistics says some areas of the jobs market are weakening, as vacancies continue to fall. Source
Business
BE Semiconductor Raises Long-Term Revenue, Profitability Targets on AI Boost
BE Semiconductor Industries raised its long-term revenue and profitability targets, citing increased demand for AI-related products. Source link
Apple boss Tim Cook says prices to rise due to memory chip costs
The firm’s outgoing boss Tim Cook did not say when prices will rise or which products will be affected. Source
How Hackers Found a Back Door Into the American Living Room
Nation-state cyberattackers are increasingly using residential proxy networks to mask their traffic, turning everyday electronics into a massive global threat.
Deal Gives Iran Chance to Turbocharge Its Oil Revenue
Iran could earn more than $60 billion in annual sales, potentially helping to restore the regime’s economic lifeblood. Source link
‘We had to get out of the way’: The backlash over delivery robots
The robots, more formally known as autonomous urban delivery vehicles, have started to appear on pavements in a number of
Interest rates expected to be held by Bank of England
The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions. Source
Smith & Wesson Posts Higher Profit on Strong Handgun Sales
The firearms maker’s shares rallied and it expects continued firearms demand in the current fiscal year. Source link
CME Group’s Terry Duffy to Step Down as CEO, Ceding Role to Finance Chief
The succession will mark the end of an era for the derivatives exchange, which transformed under Duffy’s long run. Source
Fed holds US interest rates steady amid uncertainty over Iran deal
Inflation, the rate at which prices are increasing year over year, hit 3.8% in April. Trump’s decision to launch strikes