Ferguson shipyard to cut a quarter of its workforce
Scotland’s state-owned Ferguson Marine shipyard plans to cut about 70 positions through voluntary redundancy as it awaits confirmation of promised government contracts for new vessels.
UK pay growth slows as job vacancies hit five-year low
UK wage growth slowed to 4.1% in June while job vacancies hit a five-year low, raising questions about the Bank of England’s interest rate decisions amid cost-of-living pressures.
Boeing sells eVTOL subsidiaries, takes stake in Archer
Boeing is selling three subsidiaries to Archer Aviation, an eVTOL aircraft developer, in exchange for a 19.75% stake in the company as part of a strategic focus on core operations.
UK economy grows but experts warn of challenging months ahead
UK economy grew 0.4% between April and June, beating earlier predictions but missing first-quarter growth. Economists warn temporary factors drove gains and caution the outlook for coming months is uncertain.
Swansea Au Vodka reportedly in talks over £500m sale to BuzzBallz owner
Sazerac, owner of BuzzBallz, has agreed to acquire Welsh vodka maker Au Vodka for approximately £500m, with founders Charlie Morgan and Jackson Quinn each earning over £100m from the transaction.
Alarm raised over ‘privacy dilemma’ of facial recognition technology at Coles and Woolworths
Coles and Woolworths have confirmed testing facial recognition technology for Australian supermarkets to combat retail crime, prompting privacy advocates to raise concerns about surveillance and biometric data collection.