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Human Times
North America
Google workers stage sit-ins to protest company's work with Israel

Google employees in two different U.S. offices protested the company’s work with the Israeli government on Tuesday, objecting to a $1.2bn contract it signed with the U.S. ally three years ago.  Dozens of employees began occupying company offices in New York City and Sunnyvale, California. The contract, known as Nimbus, that Google shares with Amazon provides cloud computing services to the Israeli government. The contract has faced backlash from employees and activists since it was signed in 2021, but the objections have grown amid Israel’s ongoing military campaign in Gaza. “I would not like to lose my job,” explained Google Software engineer Emaan Haseem. “But I think that it is impossible for me to continue coming into work every week without acknowledging and loudly condemning Project Nimbus and any support for the Israeli government.”

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Human Times
UK
Unemployment jumps as UK jobs market stalls

The UK jobs market is showing signs of stalling as the number of people out of work grew, according to new figures from the Office for National Statistics (ONS). The unemployment rate increased to 4.2% between December and February - the highest level for six months. Meanwhile, the rate of people with a job dipped and the economically inactive - those not in work or looking for employment - ticked higher. Overall, the ONS said the UK's unemployment rate rose from 3.9% in the three months to January and surpassed economists' forecast of an increase to 4%. In total, there were 1.4 million unemployed people in the UK between December and February, it said. However, other figures showed that while average wage growth, excluding bonuses, edged down from 6.1% to 6% it remained far above forecasts. And, when taking inflation into account, real wages rose by 1.9% in the three months to February. This was the highest since the three months to September in 2021. Additionally, the number of people out of work due to long-term sickness in the UK has reached a new record high, with over 2.8m individuals affected. Alexandra Hall-Chen, principal policy advisor at the Institute of Directors, said the rise was a “worrying development” which had the “potential to exacerbate persistent skills and labour shortages in the UK.”

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Human Times
Europe
UK Supreme Court rules trade union law breaches workers' rights

The Supreme Court has ruled that the UK trade union law breaches the country’s duty to protect the right to take part in lawful strikes. The ruling came in the case of Fiona Mercer, a care worker who was suspended by her employer after participating in a planned strike. Lady Simler, who delivered the judgment, stated that if employees can only take strike action by exposing themselves to detrimental treatment, the right dissolves. The Unison union's general secretary Christina McAnea described the ruling as "a victory for every employee who might one day want to challenge something bad or unfair their employer has done," adding: "The government must now close this loophole promptly. It won't cost any money and isn't difficult to do." A spokesperson for Britain's Department of Business and Trade was equivocal on whether the law would be amended, saying "the government will consider the judgment carefully before responding."

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Human Times
Middle East
BlackRock pursues investment opportunities in Saudi Arabia

BlackRock CEO Larry Fink is actively seeking investment opportunities in Saudi Arabia, aiming to expand the asset management giant's presence in the country. Despite concerns over the regime's human rights record and the region's volatility, BlackRock sees an opportunity to shape Saudi Arabia's markets and connect the country with the rest of the world. The kingdom's state-owned Public Investment Fund controls $925bn, making it an attractive source of fresh capital. BlackRock is also looking to compete with rivals in the private asset and infrastructure investing space. The company has already made moves in the country, including leasing rights to Saudi Aramco's natural gas pipelines. BlackRock's focus on private and illiquid assets aligns with its goal of doubling revenue from private markets in the next five years. The company is embedding itself in Saudi Arabia's institutions and capital markets, and is also working with the Saudi central bank on stress tests and the creation of a national infrastructure fund. BlackRock faces competition from other asset managers, but believes there are attractive opportunities in the region.

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