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Work It - Spot the red flags in job listings
Unrealistic job postings, misleading jargon and inflated demands may deter qualified job seekers. Han Lee, director at executive search firm Lico Resources, offers tips on identifying genuine opportunities and how to apply confidently, without ticking every box.
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CNA
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Dollar slips as traders wait on Jackson Hole
NEW YORK :The dollar dipped against the euro and yen on Tuesday as traders waited on the Federal Reserve's Jackson Hole economic policy symposium later this week for further clues on U.S. interest rate policy. A speech on Friday by Fed Chair Jerome Powell is this week's main focus, with little major economic data to otherwise drive market direction, with traders tuned into whether Powell pushes back against market pricing of a rate cut in September. Traders ramped up bets on a rate cut at the Fed's September 16-17 meeting after a weak jobs report for July. Last month's consumer price inflation report also showed limited pass through from tariffs, adding to the move. But a hotter-than-expected producer price reading for July has tempered some rate-cut expectations. Powell has said he is reluctant to cut rates due to an expected increase in inflation this summer from tariffs. "Last week, when we had about 25 basis points priced in for September, and more than two cuts for the rest of the year, there was probably some risk that the Powell speech would disappoint those expectations if he wasn't clear enough in committing to a September cut," said Vassili Serebriakov, an FX and macro strategist at UBS in New York. "Now that we're pricing in about 20 basis points for September and just slightly over 50 basis points for the rest of the year, I think the risks are much more balanced," Serebriakov added. Traders are currently pricing in 54 basis points of cuts by year-end. The Fed will also release minutes from its July 29-30 meeting on Wednesday, though they may offer limited insight as the meeting came before July's weak jobs report. Data on Tuesday showed that groundbreaking for new U.S. single-family homes and permits for future construction rose in July even as high mortgage rates and economic uncertainty continued to hamper home purchases. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was last down 0.02 per cent on the day at 98.10, with the euro up 0.09 per cent at $1.1671. Against the Japanese yen, the dollar weakened 0.15 per cent to 147.64. Currency moves have been relatively muted for the past few weeks following a steep drop in the dollar in the first half of the year. "There's been a bit of de-risking in FX over the summer and now investors are just waiting for the more clear catalyst for the next move," said Serebriakov. Traders are also focused on any developments in peace talks to end the Russia-Ukraine war. Ukraine and its European allies have been buoyed by U.S. President Donald Trump's promise of security guarantees for Kyiv to help end the war in Ukraine but face many unanswered questions, including how willing Russia will be to play ball. Ukrainian President Volodymyr Zelenskiy hailed Monday's summit at the White House with the U.S. president as a "major step forward" towards ending Europe's deadliest conflict in 80 years and towards setting up a trilateral meeting with Russia's Vladimir Putin and Trump in the coming weeks.
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National Wages Council seeks public feedback on wages, employment issues
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Independent Singapore
4 hours ago
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87% of videogame developers use AI agents following record layoffs, Google study finds
Photo: Freepik/DC Studio (for illustration purposes only) A Google Cloud survey found that 87% of video game developers now rely on artificial intelligence (AI) agents to streamline work, with most using them to handle repetitive tasks so they can focus on creative work, as the industry shifts its focus to optimising costs after record layoffs. The survey, carried out with The Harris Poll in late June and early July, asked 615 developers in the United States, South Korea, Norway, Finland and Sweden. Reuters reported that gaming publishers have turned to AI to manage rising development costs and longer production timelines, driven by high player expectations and fierce competition in the market. About 44% of respondents said they use AI agents to optimise content and quickly process text, code, voice, audio and video. Still, the use of AI in video games remains contentious, with many in the industry voicing concerns about intellectual property, job losses, and lower pay. Last year, video game performers in Hollywood went on strike over pay concerns and AI use, while more than 10,000 jobs were lost as studios shut down. In early July, Bloomberg also reported that Microsoft's gaming unit will cut about 10% of staff, affecting around 200 workers, a move the company later confirmed without giving further details. Even with the wave of job cuts, the industry is expected to pick up pace this year and next, helped by the launch of premium titles and new consoles. The survey showed that 94% of developers expect AI to lower development costs in the long run, although about a quarter said it is still difficult to measure its return on investment, and high integration costs remain a hurdle. At the same time, 63% raised concerns over data ownership, as questions around licensing and the rights to AI-generated content remain unclear. /TISG Read also: Microsoft to cut about 6,000 staff globally as AI investments push spending () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
