Bloomberg Britain’s 2022 university graduates will compete for jobs with salaries 7% higher than their equivalents last year, although each one will still have to fight off 35 other applicants to secure the role. Advertised graduate salaries have risen to a six-year high of £26,076 ($32,000) this summer, research from the job search site Adzuna showed. The number of ...

  Bloomberg Tesla Inc laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter. Most of the roughly 200 people let go were hourly workers, the people said late Tuesday, a surprise given that Tesla previously disclosed headcount reductions targeted at salaried positions. As recently as ...

  Bloomberg Spanish inflation unexpectedly surged to a record, defying government efforts to rein it in and signalling intensifying price pressure as the European Central Bank (ECB) gears up to raise interest rates for the first time in more than a decade. The surprise 10% reading for June dashes hopes that inflation in the euro zone’s fourth-biggest economy had peaked ...