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The effectiveness of US sanctions against Russia is now under intense scrutiny, with analysts debating whether they truly weaken Moscow or merely reroute its energy flows while inflicting collateral damage on Europe. The recent escalation of US sanctions against the Russian oil sector, introduced in late October, is already producing tangible side effects. According to Bloomberg Russia’s seaborne crude shipments fell sharply, dropping by the most since January 2024. Four-week average volumes from the country’s...

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The government has launched a major review into youth unemployment, tasking former Labour health secretary Alan Milburn with investigating the growing role of mental health and disability in the rise of economically inactive young people. Nearly one million people aged 16 to 24 in the UK are currently not in education, employment or training (Neets) — a figure that has alarmed ministers and policymakers. Milburn’s review will explore how to prevent young people from becoming...

More than 100 jobs are at risk at Aston Martin’s St Athan plant in the Vale of Glamorgan, as the luxury carmaker grapples with US trade tariffs and falling demand from China. The company, which began production at its Welsh site in 2019, confirmed that staff consultations are under way but said no final decision on redundancies has yet been made. Aston Martin said the planned measures were part of efforts to “strengthen the business...

UK business leaders have urged the government not to increase employment costs in the upcoming Autumn Budget, warning that higher taxes could force small firms to raise prices and worsen inflation. A new survey by Employment Hero found that 86 per cent of 1,000 business leaders are worried about what the Budget will mean for their companies, with 59 per cent saying they believe the government does not take the needs of small businesses into...

One in six UK employers expect artificial intelligence to reduce the size of their workforce within the next 12 months, according to a major new survey warning of growing disruption to white-collar employment. Research by the Chartered Institute of Personnel and Development (CIPD) found that 62 per cent of those expecting job losses believed clerical, junior managerial, professional, or administrative roles would be the first to go as automation accelerates. The findings, released ahead of...