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More than half of C-suite leaders involve HR too late. New research from LACE Partners finds that delayed engagement risks undermining transformation success, as 53% of executives say HR only joins once implementation begins and 41% admit people workstreams fail through lack of early funding and prioritisation.
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Oracle is forecasting $166bn in cloud sales by 2030 as it doubles down on AI. The projection, disclosed at an analyst meeting, lifted the company’s shares and outlined ambitious growth and margin targets through the decade.
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The US Chamber of Commerce has filed suit against the Trump administration. The organisation argues that President Trump’s newly imposed $100,000 H-1B visa fee exceeds executive authority and threatens to undermine American competitiveness by pricing out employers that rely on high-skilled foreign talent.
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Over 400 UK firms have been recognised for prompt payments. The Fair Payment Code aims to combat late payments costing the UK economy £11 billion annually. Businesses must demonstrate transparent payment practices to qualify for awards under the scheme.
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UK regulators will shorten bonus deferrals for senior bankers. The Prudential Regulation Authority and Financial Conduct Authority will reduce the deferral period from eight to four years, aligning UK rules more closely with international standards.
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UK GDP inched up by 0.1 per cent in August. Modest gains in services and manufacturing helped offset July’s contraction, suggesting a stabilising economy ahead of next month’s Budget. Economists warned, however, that fragile demand and tight credit conditions continue to limit the scope for faster growth.
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Rachel Reeves has admitted both tax rises and spending cuts are being considered. The chancellor told Sky News she was “looking at tax and spending as well,” confirming for the first time that both options are on the table as she works to address the UK’s growing fiscal gap.
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UK employers face higher fees for hiring skilled migrant workers. The Home Office will enforce new English language requirements and increase employer fees by 32% to fund local training. Immigration rules aim to reduce net migration and improve integration.
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The latest UK labour market figures suggest a turning point. Early signs of stabilisation appear as job losses slow and payrolled employment edges higher. Yet beneath the surface, record numbers remain out of work due to long-term sickness — a drag that continues to shape the workforce and the wider economy.
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U.N. labour agency warns of looming staff cuts amid funding crisis. Internal ILO plans show up to 8% of jobs may go if the U.S. and other members fail to pay overdue dues. Geneva headquarters could see relocations and rental changes as the governing body prepares to review proposals.