job-creation
BusinessUK Seeks Industry Views on Electric Vehicle Sales Targets After Backlash
BusinessFactbox-Europe’s Embattled Auto Sector Plans Plant Closures and Layoffs
BankingItaly’s Banco Bpm Strikes Deal With Unions on 550 Hirings, 1,100 Early Retirements
InvestingThe Island of Nevis: A Bright 2025 Beckons
Labour Shortages Ease in Germany’s Economy, Survey Shows
Date: December 19, 2024
By Maria Martinez BERLIN (Reuters) – Fewer German companies than in the previous year are struggling to fill vacancies due to labour shortages, the DIHK Chamber of Commerce and Industry said on Thursday, in what shows a resilient labour market that is starting to feel the impact of economic weakness. Germany, like industrialised countries around...
Novo Nordisk Invests $1.2 Billion in New Rare Disease Drugs Plant in Denmark
Date: December 16, 2024
By Anna Ringstrom and Maggie Fick STOCKHOLM/LONDON (Reuters) -Danish drugmaker Novo Nordisk will invest 8.5 billion crowns ($1.20 billion) in a new facility in Odense, Denmark, for the production of rare disease drugs, it said on Monday. The site will manufacture various types of rare disease drugs, including those for the treatment of haemophilia, Novo...
World Bank Wins $100 Billion Replenishment of Fund for Poorest Countries
Date: December 6, 2024
By David Lawder (Reuters) -Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World Bank made the announcement early on Friday in Seoul at a pledging conference for the...
Macquarie-Backed Offshore Wind Developer Corio Starts Job Cuts
Date: December 6, 2024
(Reuters) – Corio Generation, the UK-based offshore wind developer backed by Australia’s Macquarie Group, plans to cut a small number of jobs roles, a company spokesperson told Reuters on Thursday. Ballooning costs due to technical and supply chain problems and high interest rates has had many offshore wind sector companies review investments or undertake restructurings....
UK Construction Grows but House-Building Decline Steepens, PMI Shows
Date: December 5, 2024
LONDON (Reuters) – Activity in Britain’s construction industry picked up in November but growth was lopsided, according to an industry survey that showed weaker residential house-building which is sensitive to high interest rates. The S&P Global/CIPS UK Purchasing Managers’ Index for the construction industry came in at 55.2 last month, up from October’s 54.3. Robust...
Qatar to Invest $1.3 Billion in Climate Technology in Britain
Date: December 4, 2024
LONDON (Reuters) – Qatar will invest 1 billion pounds ($1.3 billion) in climate technology in the United Kingdom, with engineering company Rolls-Royce set to benefit from some of the cash to support its energy transition, the British government said on Wednesday. The announcement was made during a two-day state visit to Britain by Qatar’s emir,...