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Microsoft announces plans to cut up to 9,000 jobs while shifting focus toward AI investments, signaling a strategic pivot amid workforce reductions.

UK financial watchdog expands bullying rules to 37,000 City firms

The GuardianWednesday, July 2, 2025 at 5:11:06 PM
UK financial watchdog expands bullying rules to 37,000 City firms
The UK's financial regulator, the FCA, is tightening the screws on workplace misconduct by requiring over 37,000 financial firms—including hedge funds, insurers, and pension providers—to report bullying and harassment by senior employees. The move aims to stop repeat offenders from dodging accountability by switching companies.
Editor’s Note: This isn’t just about ticking compliance boxes—it’s a real effort to clean up toxic behavior in finance, where power imbalances often let misconduct slide. By forcing firms to flag repeat offenders, the FCA is making it harder for bad actors to hide behind job-hopping. For employees, it’s a step toward safer workplaces; for the industry, it’s a wake-up call on accountability.
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A beloved French clothing brand, Saint James, known for its classic striped shirts and sweaters, has hit pause on shipping its products to U.S. retailers. The reason? President Trump’s tariffs have made it too costly to send their goods across the Atlantic. For now, their inventory is stuck in a warehouse in France, leaving American shoppers and stores in limbo.
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