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Industry in Northern Europe

  • Tata Steel steers closer to Thyssenkrupp merger deal

    INDIA, 2017/05/18 Tata Steel is one step closer to securing a merger transaction with Thyssenkrupp next agreeing to settle its pension scheme liabilities. Tata Steel has offered £550m ($711m) to the British Steel Pension Scheme (BSPS) on Wednesday (17 May). BSPS will as well acquire a 33% stake in the Indian firm's UK businesses. Tata Steel as well reported an Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) all of £230m for its UK operations for the fourth quarter of 2017, the highest figure since 2008. A additional competitive regional stance, along with an improving sales mix, and additional favourable market conditions were credited for the increase. The figures were released as part of the company's earnings statement on Tuesday.

  • Lithuania launches probe amid Volkswagen emission scandal

    LITHUANIA, 2015/09/29 Lithuania has launched an investigation on Volkswagen cars to examine how a lot of cars in the country may have software designed to cheat emission tests, Lithuanian environment minister revealed on Friday. Kestutis Treciokas, the minister of environment of Lithuania, told local media the country is to consider claim for possible environmental damaged from the company. "We expect to find out objectively the damage for the nature and what could be our possible claims for Volkswagen," Treciokas was quoted as saying by business news website vz.lt.

  • Industry warns against 'quick deals' with Iceland and Faroe Islands

    FAROE ISLANDS, 2013/11/02 An organization representing the EU fishing industry tries to discourage the EU States from reaching a "quick transaction" with Iceland and the Faroe Islands for mackerel fishery, given the significant increase in the TAC recommended by a scientific body for 2014 . Before this month, the International Council for the Exploration of the Sea (ICES) recommended that Atlantic mackerel catches in 2014 should not exceed the average reached over the last three years (889,886 tonnes). And it recommended an increase of 64 % over the recommended TAC for 2013, at the same time as a reduction of 15 % had been advised, reaching 542,000 tonnes. ICES clarified that its approbation has provisional character, and announced plans to implement a total reform in the assessment of Atlantic mackerel in early 2014, with the aim of improving the scientific knowledge on this significant stock.

  • Finance industry workers are paid 20pc more

    UNITED KINGDOM, 2012/12/22 The analysis on the “financialisation” of the UK economy, to be published by the Institute for Public Policy Research in the new year, shows there has been a persistent wage premium in finance for the last quarter of a century. Over the last 25 years, the “excess wage” of a finance worker has fluctuated between 12 and 29pc, the statement shows. Since the financial crisis began in 2007, the wage premium of finance workers has been around 20pc, IPPR said.

  • U.K. Industrial Output Drops In August 2012-10-10

    UNITED KINGDOM, 2012/10/10

  • Britain’s post-crisis productivity slump 2012-10-01

    UNITED KINGDOM, 2012/10/01 更多     The puzzle of Britain’s post-crisis productivity slump      Since the start of the recession, the output per worker in the UK has fallen by 3 %. This is extraordinary. In a recent speech, Ben Broadbent, a member of the Bank of England’s monetary policy committee, notes that if the pre-crisis relationship between output and employment still held, the number of jobs would have fallen by 8 % since mid-2007. From now on employment has risen since then. It has as well apparently risen since early 2010, despite stagnant output and falling public sector employment.

  • Design fusion for the tech savvy 2012-09-12

    SWEDEN, 2012/09/12 Sweden-based Fusion Home, an online site promoting new designs and designers, underlines the Scandinavian search for new cross-cultural trends that can help products appeal across national boundaries. Hence, the site shows how jeans can be re-fashioned as cushions with Chinese knots, bathrooms can be refreshed with Chinese cultural icons and household bowls can receive a makeover in bamboo and Chinese artwork. But a additional brand-conscious approach has been taken by Ying Cheng, a Sweden-based designer, who has developed her La Yin fusion brand aimed at "fashion tech".

  • UK Industrial Production Falls In June 2012-08-08

    UNITED KINGDOM, 2012/08/08
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