Category: sector
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Ailing China Steel Sector Seized by Talk of ‘Supply Reform 2.0’
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Bread path links PMN Business China’s steel industry is heading by preparing it towards the largest disposal of it in a decade, with speculation that Beijing will ask to close the factory in response to the slow building slow and a wave of protectionism abroad. The author of the article:…
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Government urges public sector buyers to award more contracts to small businesses
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The government issued new guidance to direct the public sector buyers to facilitate small companies winning a share of 400 billion pounds annually spending on goods and services. The National Procurement Policy, which enters into force on February 24, encourages 20,000 public agencies to simplify tender operations for small and…
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Public sector pay gap endangers UK’s cybersecurity, experts warn
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The growing gap between the salaries of the private sectors and the public sector of cybersecurity professionals in the United Kingdom is undermined, according to a new research conducted by the Naoris Protocol. The Blockchain-based internet company warns that talented cyber experts are away from government roles due to low…
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Infineon stock hikes on guidance beat, demand from auto sector
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(Reuters) – Infineon’s shares increased by 11 % after the German chip maker was slightly upgraded to the entire revenue expectations and reported quarterly results and directions over expectations. A STIFEL analyst said that the future view differs from the microcredit chips of cars and industrial use that missed expectations,…
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Auto sector frets that tariffs will destroy EV transition, help China
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Bread path links Commodity energy Electric vehicles The car sector in Canada sends 90 percent of its exports to the United States Get the latest from Gabriel Friedman directly to your inbox subscription February 03, 2025 • 4 minutes read You can save this article by registering for free here.…
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Public sector suppliers shift NI and wage hikes onto the taxpayer
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Higher National Insurance costs and higher wage bills are being paid by major government contractors to the Treasury, raising concerns about the ultimate burden on taxpayers. Cleaning and facilities management groups such as Churchill Group and Mitty, along with construction giant Mace, are among those negotiating with Whitehall to pass…
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Public sector suppliers shift NI and wage hikes onto the taxpayer
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Higher National Insurance costs and higher wage bills are being paid by major government contractors to the Treasury, raising concerns about the ultimate burden on taxpayers. Cleaning and facilities management groups such as Churchill Group and Mitty, along with construction giant Mace, are among those negotiating with Whitehall to pass…
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Pay in Israel’s tech sector falls
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Salaries in Israel’s technology sector, which have always been high and which we are accustomed to seeing constantly rise, will take a hit in 2024, according to a comprehensive report from recruitment firm Ethosia, which specializes in technology jobs. According to the report released today, for the first time since…
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AI could be set to revolutionise UK’s careers advice sector
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At a time when much of the conversation around AI focuses on potential job losses, one sector stands poised to harness this technology for good: career advice. Far from making counselors obsolete, AI can help them provide more personalized, timely and cost-effective support, ensuring more unemployed young people and adults…
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Bitcoin Rally Fuels Demand For Crypto Loans: Lending Sector On The Rebound
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The recent rise in Bitcoin prices, which exceeded $100,000 for the first timeis making ripples in the long-struggling cryptocurrency lending sector, particularly through decentralized finance (DeFi) applications. According to Bloomberg a reportthe speculative excitement surrounding Bitcoin has not only invigorated its trading, but also extended to lending platforms, indicating a…
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Elon Musk wants to gut the government like he did at Twitter. But his private sector strategies are going to be tested at DOGE
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Elon Musk has a new job doing something he knows a lot about: firing employees. Lots of people. Now he’s about to test his ax skills in the biggest downsizing challenge in American history. He is co-chair of the Department of Government Efficiency (DOGE), which President-elect Donald Trump recently created…
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Histadrut and Treasury reach agreement on public sector pay
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The Israeli Ministry of Finance and the Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget. The most important part of the agreement concerns public sector salaries for hundreds of thousands of employees. Instead of…
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Private sector pay falls for first time in over 30 years
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The average monthly wage in Kenya’s private sector fell for the first time in more than three decades to Sh75,781, reflecting the impact of the country’s weak economy that has prompted companies to curb costs. The Kenya Revenue Authority (KRA) says pay per employee has fallen from Sh78,034 in the…
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Lack of innovation stifling the Agri-SME sector growth in Africa
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According to the World Economic Forum, small and medium-sized enterprises are vital to Africa’s economy and are responsible for more than 80 percent of the continent’s jobs and 50 percent of its gross domestic product. Agri-SMEs play an even more important role, as they play a crucial role in developing…
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Capital Gains Tax concerns loom over UK tech sector ahead of Autumn Budget
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The UK tech industry is on edge as speculation grows about potential changes to capital gains tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the…
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Miners, luxury sector weigh on Europe’s STOXX 600 By Reuters
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By Sruthi Shankar, Paolo Laudani, and Johann M. Cherian (Reuters) – European stocks closed lower on Tuesday, as a lack of new details on China’s stimulus measures sparked selling in sectors linked to the world’s second-largest economy, such as mining and luxury goods. The European index fell by about 1%…
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10,000 fewer children in private schools ahead of Labour’s VAT policy, warns sector
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The number of children in special education has fallen by 10,000 over the past year, as parents expect VAT to be introduced on school fees in January, according to the Independent Schools Council (ISC). The organization estimates that the move could cost the government an additional £93 million to educate…
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Tech sector rallies: Innovation fuels market gains
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Stock Heat Map By FinViz.com Fri, 04 Oct 2024 13:46:05 GMT Sector overview Today’s market heat map reveals that Technology sector Leading the charge with notable gains. Among the best performing artists Broadcom (AVGO) With a significant increase of 2.33%, supported by gains in… Nvidia (NVDA) Up 1.59% AMD (AMD)…
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China house sales rose over the holiday period – property sector recovery?
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China began the week-long National Day holiday on Tuesday, October 1. In the week before the start of the holiday, the Chinese authorities announced a set of economic stimulus measures. Some measures were specifically directed at the real estate sector, such as: Reductions in down payment rates Reductions in mortgage…
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Given full attention, mining sector will transform Kenya’s economy
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Principal Secretary for Mining (PS) Elijah Mwangi interviewed by Daily chores Last week revealed what has been achieved in the mining sector. This was a timely effort because it dispelled the image of a department operating in managed secrecy. However, the Socialist Party has not spoken about the full results…