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Recent Editions
Human Times
North America
The Trump administration is negotiating a trade deal with Taiwan that aims to enhance U.S. semiconductor manufacturing through investment and workforce training, according to sources. Taiwanese companies, including TSMC, are expected to contribute capital and skilled workers to expand their U.S. operations. Currently, Taiwan's exports to the U.S. face a 20% tariff, which the companies hope to reduce as part of this agreement. The deal's specifics remain uncertain, but it could involve building science park infrastructure in the U.S. Taiwan's Premier Cho Jung-tai said that the two sides are at the stage of exchanging documents to finalize details. "Until announced by President Trump, reporting about potential trade deals is speculation," said White House spokesman Kush Desai.
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Human Times
UK
The government has announced an increase in the minimum wage that will see 2.7m people receive a pay rise in April. The hourly rate for over-21s will rise to £12.71, while 18- to 20-year-olds will see their rate increase to £10.85, and under-18s and apprentices will earn £8 an hour. While the government says these changes balance worker needs with what businesses can afford, some employers warn that repeated above-inflation rises could lead to hiring freezes, reduced investment, or higher prices for customers. Jane Gratton, deputy director of public policy at the British Chambers of Commerce, said: "There's a limit to how much additional cost employers can bear without something having to give."
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Human Times
Europe
German insurance giant Allianz has announced potential job cuts due to its integration of artificial intelligence. The company’s subsidiary, Allianz Partners, indicated that up to 1,800 roles, primarily in call centres, could be eliminated over the next 12 to 18 months. This represents about 8% of its 22,600 employees across Germany, France, Spain, and Britain. Allianz Partners said it is "leveraging AI" to enhance services, which may affect positions reliant on manual processes. Discussions with staff representatives are still in early stages, according to sources.
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Human Times
Middle East
Former Petrofac employees laid off on November 19 are seeking clarity on their final settlements after receiving their salary for the 19 days worked in November. Many are concerned about the lack of notice-period pay, which they believe is owed under UAE labour rules. One employee said: "If the company terminates me, they must pay me three months' salary." Employees are waiting for a detailed statement from Petrofac, expected by December 3, to understand their full entitlements. The company has faced operational challenges, leading to restructuring and uncertainty regarding end-of-service benefits.
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