Business

According to a recent report by EU agency Eurofound, the European Union is on track to fall short of its Digital Decade objective of having 20 million information and communications technology specialists by 2030. The report confirms that despite ongoing efforts to expand employment in the tech sector across the region, the EU is projected to miss this target by 5 million workers. The study, titled IT Sector in Focus: Evolution of the EU Digital Workforce, underscores that most member states’ primary and vocational education systems are unable to keep pace with growing corporate demand for advanced digital skills, leading European firms to increasingly rely on skilled labor migration from outside the EU to address severe staffing shortages.

Private sector wage growth hits six year low in the UK as ONS reports falling vacancies and steady 4.9% unemployment. The post UK private sector wage growth falls below 3 percent threshold appeared first on Arabian Observer: Observe more. Understand Arabia..

Oil prices surged more than 4% as Brent closed above $88, while reduced Strait of Hormuz traffic tightened Gulf energy flows during the week. The post Oil prices surge 4% as Brent crude closes above $88 appeared first on Arabian Observer: Observe more. Understand Arabia..