IRJ July 14 - An announced plan by Siemens Wind Power of Denmark will see thousands of wind turbines assembled for the North Sea, an initiative that will boost business affairs in the U.K. The company is planning to build a new factory within the next four years to construct the turbines, an operation that will employ about 700 ...
IRJ July 14 - According to reports, a record number of U.K. citizens are working part-time, roles that have been utilized rather than jobs being completely eliminated. Other reports indicate that the recession may be over but its effects will be felt for some time. “The increase in part-time workers could well be evidence that many companies are needing ...
IRJ July 13 - According to a report published by Greenpeace International, the European Union could reduce carbon emissions by up to 95 per cent compared to 1990 levels if the region willingly embraces renewable energy sources like wind turbines and solar panels. The report also states that the EU could obtain up to 92 per cent ...
IRJ July 13 - Andrew Sentance, who became the first member of the Monetary Policy Committee in June, is pushing for an interest rate hike as a method for economic recovery. Sentence is pushing for policymakers to raise interest rates as economic conditions continue to improve. “Tightening may be technically correct as the opposite of loosening but ...
IRJ July 13 - Today, for the first time, BP will attempt to capture all of the oil leaking from the Macondo well into the Gulf of Mexico. Yesterday, company said it had successfully installed a new cap with a much tighter seal on the well and will perform up to 48 hours of tests to check its integrity. If ...
IRJ July 12 - According to the British manufacturing organization EEF, Britain faces soaring cost bills and potential power cuts unless major changes are made within the country’s energy infrastructure. The U.K. could face energy problems as early as 2015 if the government does not take proper action on its energy policy to ensure competitiveness and security, according ...
IRJ July 12 - Proposals are being discussed by Europe’s top banks to create a bailout fund that would include the wider financial system contributing to financial rescues, said the EU Financial Services Chief. Two ideas were backed by EU Internal Market Commissioner Michel Barnier – taxpayers should not have to pay for bank bailouts and that banks should ...
IRJ July 12 - A June trade surplus in China topped expectations greatly, while such a surprising number of exports suggests the economic recovery remains on track despite a recent slowdown. June exports in China rose 43.9 per cent from a year earlier, while forecasters projected a 38 per cent increase. Imports rose 34.1 per cent over last year, ...
IRJ July 9 - Hot on the heels of tightening offshore drilling regulation is the U.S., the European Energy Commissioner, Günther Oettinger, has requested a moratorium on deepwater drilling. Unsurprisingly, this has inspired outrage from much of the oil industry, including IRJ’s interviewee Malcolm Webb, CEO of Oil & Gas UK, who called this decision “deeply concerning.” “The idea ...
IRJ July 9 - Today Vallar, British Financier Nathaniel Rothschild’s investment vehicle, placed £68.7 million ordinary shares at 1,000 pence each. This comes just after Rothschild raised £707.2 million pounds ($1.07 billion) for a mining acquisition plan, and marks further market attention towards the vehicle. It’s a smart move, as analyst note that the prices of public and private mining ...
IRJ July 9 - Flex Fuels Energy, Inc. ("Flex" or the "Company") (OTCBB:FXFL) notes the announcement below made today by its 93% owned subsidiary, the WDX Organisation Ltd ("WDX"). This is in line with WDX expectations, announced on May 4, 2010, that agreement with a third party exchange to quote and transact Wocu and Wocu-priced products would be the next ...
IRJ July 8 - Today British Petroleum has announced that July 27 will be deadline day as it continues to clean up the mass oil slick from its Deepwater Horizon rig in the Gulf of Mexico. At just 19 days away and with the threat of the hurricane season looming heavily overcastting this plan, Bob Dudley, heading up BP’s ...
