Lloyds Banking Group is hiring hundreds of IT engineers in India while cutting similar jobs in the UK, aiming to have almost half of its engineers based outside the UK by the year-end. The bank plans to have 4,000 tech employees in India by the end of the year, with roles in Hyderabad including full-stack and cloud engineers. This move comes as part of Lloyds’ digital transformation journey to boost returns and reduce costs amid plans to cut 500 jobs, close offices, and branches in the UK.
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Got $1,000? Here Are 2 Fantastic Stocks to Buy Right Now.
For those looking to invest in the stock market, Nvidia (NVDA) and Taiwan Semiconductor Manufacturing (TSM) are recommended stocks, with a suggested holding period of three to five years to realize potential gains. Both companies are capitalizing on the significant growth in artificial intelligence, with Nvidia's GPUs being crucial for AI models and TSMC producing chips for various competitors. Management forecasts indicate Nvidia's revenue could increase significantly over the next five years, while TSMC anticipates...
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