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Human Times
North America
Paramount's move on Warner Bros. Discovery sparks job fears

Concerns about potential layoffs have surfaced following the announcement of Paramount Skydance's acquisition of Warner Bros. Discovery. Andy Gordon, Paramount's Chief Strategy Officer, assured analysts that the anticipated $6bn in merger "synergies" would not come from job cuts but rather from consolidating streaming technology and optimizing real estate. However, many industry observers, including Kevin Klowden from the Milken Institute think tank, predict significant layoffs due to overlapping functions in the merged company. The deal, valued at over $111bn, includes $79bn in net debt, raising fears of a repeat of past debt-laden media mergers that have resulted in substantial job losses.

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Human Times
UK
UK's net migration to stay below 300,000 a year

The Office for Budget Responsibility (OBR) forecasts that net migration to the UK will average 235,000 annually from 2026 to 2030, a reduction of 60,000 from previous estimates. The decline is attributed to increased emigration of British nationals. In 2026, net migration is expected to be 200,000, rising to 281,000 by 2030. The OBR said the level of net migration has a "significant impact" on the level of real GDP. Harry Quilter-Pinner from the Institute For Public Policy Research think-tank warned that reduced migration "poses a medium-term risk to public finances."

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Human Times
Europe
Amazon to invest €18bn more in Spain to expand data centres and AI

Amazon has announced plans to invest an additional €18bn ($21bn) in Spain to expand its data centre infrastructure and advance artificial intelligence (AI) innovation, bringing its total investment in the country to €33.7bn. The announcement followed a meeting between Spain’s Prime Minister Pedro Sánchez and Amazon’s chief global affairs and legal officer, David Zapolsky, at the Mobile World Congress in Barcelona. The new investment is expected to support up to 30,000 jobs by 2035 and position Spain as Amazon’s European hub for AI operations. 

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Human Times
Middle East
Millions of Asian migrant workers in Gulf at risk amid conflict

Millions of migrant workers in the Gulf region are at risk as Iran retaliates against US-Israeli strikes. The Philippines, Indonesia, Thailand, and Pakistan are monitoring the location of their citizens and preparing evacuation and repatriation plans, and Vietnam has suspended the deployment of workers to the region. Bloomberg notes that previous conflicts in the Middle East have seen some migrant workers abandoned by employers, often without their wages or travel documents.

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