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Businesses claim offering school children work experience is ‘too time consuming’

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Businesses claim offering school children work experience is ‘too time consuming’


A new survey has revealed that a significant proportion of businesses are deterred from offering work experience placements to school pupils due to time constraints and staffing challenges.

Two in five (41 per cent) of companies that do not provide such opportunities cited the process as too time-consuming.

The research, conducted by The Careers & Enterprise Company (CEC), found that a third of senior business leaders not offering placements also reported a lack of staff capacity to supervise young people (33 per cent), while 34 per cent struggled to identify suitable tasks.

Of the 750 business leaders surveyed in total, just over half (52 per cent) currently offer work experience. Furthermore, more than half (58 per cent) indicated that the traditional two-week work experience block itself is too time-consuming.

This comes after the government’s post-16 education and skills white paper promised to deliver at least two weeks of work experience for all secondary school students, with a goal of splitting this into at least one week’s worth of experience in years seven to nine, and the other in years 10 to 11.

Last week the Office for National Statistics said the number of young people not in employment, education or training (Neet) remained close to a million from July to September at 946,000.

“Work experience is absolutely fundamental to ensuring that young people have that line of sight to where they need to get to,” Skills England deputy chief executive officer Gemma Marsh told a CEC event last week.

More than two in three (68 per cent) of businesses surveyed by CEC said entry-level candidates are underprepared for the world of work.

Of the 750 business leaders surveyed in total, just over half (52 per cent) currently offer work experience (Ben Birchall/PA)

Three quarters (75 per cent) of businesses also said making it easier to work with schools would make them more likely to offer work experience.

CEC is advocating for short, flexible work experience placements to make up the weeks’ worth of experience in both years seven to nine and years 10 to 11.

These should prioritise young people who are missing out and provide targeted support, and start early to allow students to access different industries.

“This is very much a new attempt to break away from two-week block work experiences that for too long been found to be inflexible, impractical, and out of reach for many students and employers,” said Baroness Nicky Morgan, former Conservative education secretary and CEC chairwoman, speaking at CEC’s event on Friday.

CEC is calling on schools and employers to sign up to its new approach to work experience to help give young people more choice.

Ellis Potter, head of apprenticeships and careers at The Priory Federation of Academies Trust, said: “We can only deliver this if more employers get involved.

“When businesses open their doors, our students gain a clearer sense of what work really looks like and leave school even more prepared for their future pathways.”

Paul Whiteman, general secretary at school leaders’ union NAHT, said: “School leaders recognise that work experience and high-quality careers advice are vital in helping young people plan for their future.

“However, simply expecting schools to deliver work experience, without considering some of the systemic barriers, including the capacity and buy-in of businesses across the country, could leave the promise of universal work experience out of reach.”



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Saudi Oil Supply Assurance Lifts Pakistan Stock Market – SUCH TV

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Saudi Oil Supply Assurance Lifts Pakistan Stock Market – SUCH TV



KARACHI: The Pakistan Stock Exchange rallied on Thursday after Saudi Arabia assured Pakistan of facilitating crude oil shipments through the Red Sea port of Yanbu Port, easing concerns over potential fuel supply disruptions.

The benchmark KSE-100 Index climbed sharply during the trading session, rising 4,439.93 points (2.85%) to reach an intraday high of 160,217.14 points.

Market Recovery

Analysts attributed the market rebound to renewed institutional buying and improving investor sentiment after Saudi assurances on oil supplies.

Market expert Ahsan Mehanti, CEO of Arif Habib Commodities, said easing fuel supply concerns played a key role in the recovery.

He added that rising global crude prices, expectations of a new International Monetary Fund loan tranche for Pakistan, and positive economic indicators also boosted investor confidence.

Alternative Oil Route

Pakistan sought an alternative supply route after Iran announced the closure of the Strait of Hormuz, a crucial global oil transit corridor.

Federal Petroleum Minister Ali Pervaiz Malik held talks with Nawaf bin Said Al-Malki, requesting Saudi support for uninterrupted energy supplies.

Saudi authorities reportedly assured Pakistan that oil shipments could be routed through Yanbu, and one crude vessel has already been prepared for dispatch.

Global Oil Market Impact

Oil prices continued to rise amid tensions in the Middle East conflict involving Iran, Israel and the United States.

Brent crude: up 3.26% to $83.99 per barrel

West Texas Intermediate (WTI): up 3.70% to $77.42 per barrel

Energy markets remain volatile as shipping disruptions threaten supply through the Strait of Hormuz, a route that handles nearly 20% of global oil trade.

Analysts say the Saudi assurance helped calm fears about Pakistan’s energy supply chain, contributing to the strong recovery at the PSX.

 




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Asian stocks today: Markets inch higher mirroring Wall Street gains; Kospi jumps 10%, Nikkei up 1,400 points – The Times of India

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Asian stocks today: Markets inch higher mirroring Wall Street gains; Kospi jumps 10%, Nikkei up 1,400 points – The Times of India


Asian stocks inched higher on Thursday, after days of trading in red amid ongoing Middle East tensions. This comes as equities were lifted by a rebound on Wall Street as oil prices paused their recent spike and economic updates painted a more positive picture of the American economy. In South Korea, Kospi hit a pause on its downward rally to add a whopping 10% or 513 points, to reach 5,606. Japan’s Nikkei 225 also climbed 2.7% to 55,713. Hong Kong’s HSI also traded in green, rising 353 points to 25,603 as of 9:10 am. Shanghai and Shenzhen added 0.9% and 1.7% respectively. Gains elsewhere in the region were more modest. Australia’s S&P/ASX 200 added 0.3% to 8,927.20, while New Zealand’s benchmark index moved 0.9% higher. In contrast, US futures indicated a subdued start ahead. Futures linked to the Dow Jones Industrial Average were almost unchanged, while S&P 500 futures ticked up 0.2%. The S&P 500 advanced 0.8% on Wednesday, clawing back much of the decline seen since the onset of the Iran conflict. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite outperformed with a 1.3% gain. Globally, market sentiment has remained sensitive to developments in the Middle East, with oil price swings continuing to steer trading direction. Crude prices eased during Wednesday’s session. Brent crude briefly moved above $84 a barrel before settling at $81.40, roughly matching the previous day’s level. US benchmark crude edged up 0.1% to finish at $74.66 per barrel. By early Thursday, however, oil was on the rise again. Brent crude climbed 2.4% to $83.32 per barrel, while U.S. benchmark crude jumped 2.5% to $76.53 per barrel.



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China sets lowest economic growth target since 1991

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China sets lowest economic growth target since 1991



It is also the first time the target has been lowered since it was cut to “around 5%” in 2023.



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