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COMMΞЯCIΛL ΛWΛЯΞNΞSS | 15.04.24

[vc_row][vc_column][vc_column_text]A rundown of things that you should know about from last week 15 | 04 | 24 SAMSUNG DETHRONES APPLE TO BECOME THE WORLD’S LARGEST SMARTPHONE MAKER AGAIN Apple is no longer the biggest phone maker in the world, as South Korean owned Samsung is now officially the biggest cellular phone seller after taking the lead in the global market share. However, this news is shocking to perhaps everyone except Samsung and Apple, as the former has been the biggest seller of mobile phones for 12 years until the final stretch of 2023, when iPhone sales eclipsed Samsung…until now. Samsung’s now has a 20.8% global market share, while Apple's share has declined to 17.3%. Global shipments also saw a 10% decrease in Q1 of 2024, Apple’s ongoing antitrust case in the US, alleging monopolistic practices due to Apple's dominance, holding over 70% of the US market. Additionally, Apple faces challenges in markets like China, where domestic brands hold significant sway. For instance, Xiaomi now holds the title of the third largest smartphone maker with 14.1% of the market, which are all impacting Apple's standing. UK INFLATION SLOWED AGAIN IN MARCH – BUT A RATE CUT COULD BE SOME MONTHS AWAY In the UK, inflation has fallen once more, bringing some relief to household budgets. Average prices rose by 3.2% in the year leading up to March. Notably, meat prices dropped by 0.5%, and overall food prices saw only a modest increase. The Bank of England aims for a 2% inflation rate, so with the current downward trend, we might expect interest rates to decrease soon. In 2022, inflation hit a peak of 11.1%, primarily due to soaring energy costs resulting from the conflict in Ukraine. Food prices also surged during this period. However, there's some good news now. Prices are starting to stabilise, and inflation is on the decline. Still, it's worth noting that prices are still going up, just not as fast. DR MARTENS SUES TEMU OVER USE OF TRADEMARK Grungy British footwear brand Dr Martens has launched a lawsuit against online retailer Temu, accusing it of trademark infringement. Dr Martens alleges that Temu has used Google advertisements to promote boots...

COMMΞЯCIΛL ΛWΛЯΞNΞSS | 08.04.24

[vc_row][vc_column][vc_column_text]A rundown of things that you should know about from last week 08 | 04 | 24 Tesco declares soaring profits of £2.3 billion Tesco has reported a huge boost in profits for the past year. The UK’s largest supermarket posted £2.3 billion in pre-tax profit last year, up from £882 million in 2022. Sales also rose to £68.2 billion. This comes in spite of moves by Tesco to cut prices. Around 4000 products were cheaper at the end of the year than at the start. Tesco boasts a 27.3% market share and has 330,000 employees. The supermarket recently lost its battle against Lidl to use its Clubcard Prices logo Barclays launches challenge against car finance mis-selling claim Barclays is in a bit of a legal tangle. They're contesting a ruling about a £1600 commission they paid to a car finance broker without informing a customer. The court ruled it unfair, saying Barclays didn't play fair or act reasonably. Now Barclays is feeling the pressure. They're worried this could open the door to a flood of similar claims. They're insisting it was a one-off mistake, but deep down, they're sweating over the possibility that this could snowball into a bigger compensation mess for the whole industry. They're standing on shaky ground, hoping to patch things up before it gets worse. Apple loses bid to throw out £785m UK lawsuit over App Store fees Apple has failed to have a £785m class action lawsuit thrown out of court, the Competition Appeal Tribunal ruled in favour of UK app developers. Over 1500 UK app developers are crying foul, claiming Apple's holds an unfair monopoly over the market. Apple's hefty 15-30% commission on in-app purchases and othe restrictions constitute, anti-competitive behaviour according to the developers Apple has faced mounting pressure from regulators in the US and Europe over the fees it charges third-party developers distributing via the App Store. The Competition Appeal Tribunal considered that the claim had a “realistic prospect” of success. Charlotte Tilbury owner Puig seeks £2.1bn Spanish IPO Puig, the owner of Charlotte Tilbury, is stepping into the spotlight with a big move – they're launching their IPO and aiming to raise a hefty €2.5...

COMMΞЯCIΛL ΛWΛЯΞNΞSS | 01.04.24

[vc_row][vc_column][vc_column_text]A rundown of things that you should know about from last week 01 | 04 | 24   Vodafone-Three merger to face full-blown investigation by competition watchdog The future of the Vodafone and Three merger hangs in the balance, facing a serious threat as the Competition and Markets Authority steps in with a comprehensive Phase 2 investigation. There's growing worry that the proposed £15 billion merger might lead to reduced competition in the telecommunications industry, potentially resulting in higher prices for consumers. If the merger goes through, the combined entity would boast a massive customer base of 27 million, positioning itself as the largest mobile network in the UK. Moreover, it would significantly shrink the number of major network providers from four to three. Back in March, the CMA gave Vodafone and Three an opportunity to propose "meaningful solutions" to alleviate concerns or face further scrutiny. Unfortunately, neither company presented any viable solutions, prompting the launch of this in-depth investigation. The investigation process is expected to stretch over at least six months, during which the fate of the merger hangs in the balance, with the possibility of it being ultimately blocked. AI Safety: UK and US sign landmark agreement The US and the UK have shaken hands on a new partnership aimed at making sure artificial intelligence (AI) is as safe as can be. They're teaming up to carefully examine AI tools, making sure they're not only safe but also diving deep into how they actually work. They're tackling some pretty hot topics too, like chatbots that can generate conversations, the tricky issue of deep fakes, and of course, safeguarding people's personal data. Together, they're going to figure out what risks AI might pose and put measures in place to keep everything under control. This is the first time the US and the UK have joined forces like this specifically for AI. It's a big step forward in making sure that as AI technology keeps advancing, it's doing so in a way that's safe and responsible. The EU has also recently jumped on board with its own set of rules and guidelines for AI. Looks like everyone's really taking...

COMMΞЯCIΛL ΛWΛЯΞNΞSS | 25.03.24

[vc_row][vc_column][vc_column_text] A rundown of things that you should know about from last week 25 | 03 | 24 EU launches Digital Markets Act probes into Apple, Google and Meta The EU is really cracking down on big tech companies lately, like Apple, Alphabet (Google), and Meta (Facebook). They've launched new investigations into these companies for possibly breaking the rules laid out in the Digital Markets Act (DMA). This act puts a lot of pressure on the biggest tech players and can slap them with hefty fines if they're found guilty of wrongdoing. Interestingly, out of all the big names in tech, only Amazon, Alphabet, Apple, Meta, Microsoft, and even TikTok's parent company, ByteDance, have to follow these strict rules. And now, the EU is turning its investigative spotlight on three of them. It's like a high-stakes game of tech regulation.  Amazon invests further $2.75bn in AI company Amazon is really doubling down on the future of AI by pouring a whopping $2.75 billion into a startup called Anthropic. This is actually Amazon's biggest investment ever outside of its own projects. It's like Amazon saying, 'Hey, we're putting our money where our mouth is when it comes to AI.' They've already tossed $1.25 billion into Anthropic's pot, and just last week, they decided to go all-in with another $2.75 billion. Why all the fuss? Well, Amazon's hoping this hefty investment will solidify its spot as a major player in the AI game. Anthropic, the startup they're backing, has cooked up its very own AI chatbot called Claude. Think of it as Amazon's answer to OpenAI's ChatGPT and Google's Bard. It's like they're all competing in this high-stakes race to create the most impressive AI, and Amazon's not sitting on the sidelines. They're diving headfirst into the action. Thames Water left in the lurch by shareholders Thames Water is trying to keep its head above water in a stormy sea of financial troubles. Last year, they managed to secure a lifeline of £750 million from shareholders to stay afloat. But it's been tough sailing with a massive £18 billion debt weighing them down. To turn things around, they announced a £4 billion plan...

“CΛN YOU TΞLL MΞ ΛBOUT Λ TIMΞ WHΞN YOU FΛCΞD Λ CHΛLLΞNGΞ, OЯ SOMΞTHING DIDN’T GO ΛS PLΛNNΞD?”

[vc_row][vc_column][vc_column_text] This question is quite common in interviews, and let's break it down to make it more relatable: What, Why, and How. What happened? When you're sharing your experience, it's okay to talk about a time when things didn't go perfectly. It's all about showing your ability to handle tough situations. For instance, you might chat about a project you worked on at school or a job, or even a personal goal like trying to complete a marathon but not quite making it. Remember | the idea isn't just to focus on the setback itself; the interviewer wants to know how you dealt with it and what you learned.  Why did you see this as a setback? Explain not just what went wrong, but also how you felt and what you were thinking at the time. Describe how you managed your feelings and made decisions. Maybe you put a lot of time and energy into a project, so when it didn't turn out the way you hoped, it was disappointing. Keep in mind, seeing something as a setback can be a personal thing. Your response should help the interviewer understand your point of view and experience. Remember | Your response should allow the interviewer to grasp your personal experience and viewpoint. How did you handle the situation? No doubt, there were lessons you took away from the experience. Talk about how the setback taught you something valuable, and how you adjusted your approach for future challenges. Perhaps you changed the way you plan things, learned new skills, or thought differently when working with a team. Explaining how you turned a setback into a chance for growth can really highlight your ability to bounce back and make the best of tough situations. [/vc_column_text][/vc_column][/vc_row]...

SHOULD I ЯΞΛLLY ΛSK FOЯ FΞΞDBΛCK?

[vc_row][vc_column][vc_column_text]Absolutely, seeking feedback (if you can) is like taking a step towards becoming a better version of yourself in the application and interview game. Sure, it might give you a jittery feeling to hear where you stumbled or missed the mark, but trust me, it's worth it. Feedback is like a secret map showing you the areas where you can shine brighter. Feedback provides valuable insights into areas where you might need improvement. For instance, if you made it to the interview stage but didn't progress beyond a virtual interview, it's a sign that you should revisit and work on your preparation for the interview. Make sure to take notes on all the feedback you receive. Whether it's about specific answers you provided or your overall impression, these details can reveal unconscious behaviours that you can work on for next time. Sometimes, applicants unknowingly appear disinterested due to nerves. Recognising this gives you the chance to train yourself, perhaps by practicing mock interviews to ease anxiety. With the shift brought about by COVID-19, securing internships, graduate programmes, or insight opportunities has changed. Assessments, virtual cover letters (VCLs), and online interviews have become the norm. Embrace this change—it has its advantages. You can now prepare even more thoroughly, record practice sessions, and gather feedback from friends, family, and teachers | lecturers to be fully prepared. Remember, it's about adapting to the current circumstances, absorbing the feedback, learning from it, and improving on the identified areas. This process only makes you stronger.   ΛЯΞ YOU MOЯΞ THΛN YOUЯ CV[/vc_column_text][/vc_column][/vc_row]...

“WHY DID YOU OPT FOЯ THIS PΛЯTICULΛЯ DΞGЯΞΞ?”

[vc_row][vc_column][vc_column_text] This question often comes up during interviews and holds more significance than it might seem at first glance. It's like a window into your motivations and choices. Interviewers are genuinely curious about why you chose this academic path, as it can reveal a lot about your ambitions and plans. Let's break it down a bit: Clarity about the Future: They're interested in whether you have a clear picture of where you're headed. Can you explain your goals in a way that shows you've thought things through? Does it Align? They're trying to figure out if your degree aligns with what you want to do in your career. Basically, does it make sense, or did you pick it randomly? Now, when you answer, you might fall into one of these categories: All-In on Your Career Choice: If you've got a solid reason for your degree, one that makes it clear where you're headed, that's fantastic. It's your chance to show how excited you are and how your degree is a stepping stone to where you want to be. And don't forget, your confidence in your field matters. Keeping Doors Open: Maybe you went for a broader degree that gives you options. If that's the case, explain how your choice gives you a strong foundation for different paths. It's like saying, "Hey, I'm adaptable, and I've got a bunch of skills to bring to the table." Highlight how your degree equips you with versatile skills that can be applied across different industries or roles. Discovering Value Along the Way: Sometimes, you might have chosen your degree without a super clear plan, but now you've found unexpected benefits. Share how your degree might not be a direct match, but it's brought you transferable skills, experiences, and knowledge that can add real value in this current role. Remember | practice really helps here. If you prepare your answers to possible interview questions, you'll feel more comfortable and ready to shine. [/vc_column_text][/vc_column][/vc_row]...

TIPS FOЯ Λ COVΞЯ LΞTTΞЯ

You know, some folks might underestimate the power of a cover letter, but truth be told, many recruiters still value them. Think of it as a mini biography that gives a glimpse into who you are and what makes you tick. Dig into the Company: Picture this as the groundwork. Before you even start writing, take some time to research the company. It's like building the backbone of your cover letter | resume. This knowledge can be smoothly woven into your letter to show you're genuinely interested and invested. Mix Up Your Language: Sure, you want to talk about yourself and your achievements, but don't get stuck repeating "I" over and over. Let your words flow a bit more naturally, adding a personal touch. It's about showcasing your skills while also connecting with the person reading it. Keep It Snappy: Remember picking up a book and flipping it over to read the blurb on the back? That's the vibe you're going for. Your cover letter should be like a well-crafted teaser—brief, impactful, and getting right to the point. Three to five short paragraphs should do it, and don't let it stretch beyond one page. Show Off Your Unique Side: Ever thought about what makes you stand out? Your Unique Selling Point, or USP, is what sets you apart. It's more than just keywords; it's about giving real-life examples of your strengths. So, dive into specifics and back up your actual achievements with real-life scenarios that illustrate your strengths. Double-Check Your Work: We all get into the groove of typing away, but don't forget the finishing touch—proofreading. What seems crystal clear to you might not be as clear to others. Watch out for grammar slips, sentences that go on forever, and proper punctuation. This applies to your cover letter and resume alike. Writing a knockout cover letter takes some effort, but these tips can help you on your way to create a captivating intro that gets you noticed.   Remember, it's not about following a script; it's about telling your story and showing off what makes you shine.   ΛЯΞ YOU MOЯΞ THΛN YOUЯ CV   ...