AustraliaLabor

Shine Justice (ASX:SHJ) reported a net profit after tax of $6.7 million for the financial year ended June 30,

Mercedes-Benz Group reported resilient carmaking profits that beat expectations even as deliveries fell due to a slump in China. The company kept its 2026 carmaking margin outlook at 3% to 5%, but it cut its forecasts for revenue and vehicle deliveries to slightly below last year's levels. Bloomberg's Elisabeth Behrmann reports.

Volkswagen AG Chief Executive Officer is trying to convince the carmaker's supervisory board about his plan for a sweeping restructuring that could ultimately eliminate as many as 100,000 jobs and close four German factories. Bloomberg's Stefan Nicola reports.

Ireland's technology sector, heavily exposed to US multinationals, is facing widespread AI-driven labor market disruption and declines in its high tech employment rates. Bloomberg's Olivia Fletcher has more.

Skilled immigrants who obtained an education and built careers in the US are increasingly wondering whether, amid restrictive US policies, opportunities they sought in America can be had elsewhere.

Saint-Gobain CEO Benoit Bazin tells Bloomberg Television that labor bottlenecks are limiting data center build-out in North America, a development that's coming to Europe. Saint-Gobain manufactures glass products and construction materials.

Multiverse CEO & Founder Euan Blair joins Bloomberg's Tom Mackenzie to kick off London Tech Week as part of Bloomberg's The Pulse.

Sander van 't Noordende, CEO of recruitment giant Randstad, says their base case is that 7-8% of jobs will be replaced by artificial intelligence over the next 5 to 10 years. However, Van 't Noordende says he does not see the "doomsday scenario" that some predict. In an interview on "The Pulse with Francine Lacqua" on May 21, van 't Noordende said AI will be a "wave" over the next decade, but also presents many opportunities, enabling many workers to be more productive, and requires massive infrastructure.

Talks between Samsung Electronics and its largest labor union broke down, raising the prospect of a workers' strike. A general work stoppage will go ahead on Thursday, labor leader Choi Seung-ho told reporters. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world's biggest supplier of the chips that go into devices from data center servers to smartphones and electric vehicles. Bloomberg's Yoolim Lee reports.

Commerzbank CEO Bettina Orlopp discusses the company's performance as the lender lifted its guidance for profit this year and outlined more job cuts. Orlopp also discusses the hostile takeover attempt by UniCredit, saying it would put a lot of revenue at risk. She speaks on Bloomberg Television.

Federal Reserve Chair Jerome Powell made it clear the US central bank won't cut interest rates again until inflation starts cooling again. Speaking at a press conference Wednesday, Powell also said it was still too soon to gauge the effects of a surge in oil prices on the US economy. Bloomberg's Mark Cranfield breaks down the situation.

Helen Jewell, CIO of fundamental equities at BlackRock, discusses the potential for dip buying opportunities as the war in the Middle East rattles global markets. Speaking on Bloomberg Television, she also says that investors shouldn't lose focus of macro data. "Couple of weeks ago we were talking about AI and the implications of AI. I think that's where we need to focus because we don't know when Hormuz is going to be reopened," Jewell says.