UK manufacturers to get big concession on post-Brexit quality mark

UK manufacturers to get big concession on post-Brexit quality mark

The UK government is to grant a major concession to British business by prolonging the deadline for companies to adopt a new “UKCA” safety and quality mark for their goods after Brexit. The one-year extension for UK products to continue using the EU’s “CE” safety mark came after businesses warned that they would not be ready for the planned post-Brexit shift away from EU certification at the end of 2021. The government climbdown will give vital breathing space for UK manufacturers, which had warned over risks to the British supply…

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Government bows to pressure and extends deadline for post-Brexit certification rules

Government bows to pressure and extends deadline for post-Brexit certification rules

Industry raised concerns about capacity to test products before CE replacement introduced – and warned of ‘devastating’ consequences The government has extended the start date for the new post-Brexit certification rules for construction products by 12 months after being told that sticking with next year’s deadline would have caused chaos across the industry. The current CE markings, which have been used to certify products across an array of sectors in Europe since 1985, had been due to be replaced by the UK Conformity Assessed (UKCA) mark in just over four…

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Denmark Is Listed As The Best Country For Business

Denmark Is Listed As The Best Country For Business

Denmark, the Scandinavian country squished between Germany and Sweden, is ranked the easiest place to do business in the world, according to the recently published Global Business Complexity Index 2021. The report explains: “In Denmark, you can incorporate a company within a day,due to the fact that there is one single entry point for all registrations, and all necessary bodies and organisations are automatically notified.”France came second to worst of the 77 countries ranked. “France’s place as the second most complex jurisdiction is driven by complexities in accounting and tax…

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Eyeing IPO, Volvo cars posts record results, top pre-pandemic levels

Eyeing IPO, Volvo cars posts record results, top pre-pandemic levels

STOCKHOLM, July 23 – Volvo Cars reported a return to profit in the first half as demand for electric cars pushed earnings above pre-pandemic levels, putting the carmaker on a firmer footing as it considers a possible IPO this year. Sweden-based Volvo, owned by China’s Geely Holding (GEELY.UL), said on Friday it made a first-half profit of 13.24 billion Swedish crowns ($1.52 billion), more than double its profit of 5.52 billion crowns in the corresponding period of 2019, before the coronavirus struck. Like several other automakers Volvo has been forced…

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Boris Johnson promises ‘jobs, jobs, jobs’ with post-pandemic plans

Boris Johnson promises ‘jobs, jobs, jobs’ with post-pandemic plans

Prime Minister Boris Johnson promised on Tuesday to “level up” Britain by tackling inequality and driving an economic recovery from the pandemic with a raft of laws presented to parliament by Queen Elizabeth. In a ceremony pared back because of Covid-19, the queen, who wore a day dress instead of the usual robes and crown, read out the bills the government hopes to pass during the next year on everything from job creation and healthcare to stripping away post-Brexit bureaucracy. At her first major public appearance since the death of…

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Business & Retail shops still ‘unsure’ as people return slowly for shopping

Business & Retail shops still ‘unsure’ as people return slowly for shopping

UK shops have made a promising start to the year as people have returned to high streets up and down the country, however, they are “not out of the woods” just yet, a leading trade association has warned. According to the latest figures from the British Retail Consortium (BRC), along with KPMG, total sales in Britain increased by 7.3% across the month of April, compared to the same month in 2019, as restrictions eased for non-essential stores under Boris Johnson’s roadmap out of lockdown. This was above the 3-month average…

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Finland to end state of emergency as COVID-19 cases drop & will finance post-Covid stimulus with debt

Finland to end state of emergency as COVID-19 cases drop & will finance post-Covid stimulus with debt

Finland should end its COVID-19 state of emergency as infection rates decline, Prime Minister Sanna Marin said on Tuesday, adding that the issue would go before parliament. “We see that the conditions no longer call for the emergency powers legislation,” Marin said. On April 9, Marin had presented a plan to relax restrictions in the run-up to the summer. The state of emergency was declared on March 1 because of a third spike in COVID-19 infections that began in late January. The daily number of coronavirus infections has been decreasing since…

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Intel Seeks EUR 8 Billion in Subsidies for European Chip Plant

Intel Seeks EUR 8 Billion in Subsidies for European Chip Plant

Intel wants EUR 8 billion ($9.7 billion or roughly Rs. 71,249 crores) in public subsidies towards building a semiconductor factory in Europe, its CEO was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time Pat Gelsinger has publicly put a figure on how much state aid he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing. “What we’re asking from both the US and the European…

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Reports say that Huawei will launch test satellites for 6G technology verification in July

Reports say that Huawei will launch test satellites for 6G technology verification in July

5G technology has now gone mainstream when it comes to offering support on consumer electronics like smartphones, although the deployment of 5G infrastructure is still limited to developed countries online while developing nations are working towards it. As 5G communication technology has reached the milestone, companies have now started working on the next-generation technology — 6G. One of the leaders in this segment, the Chinese giant Huawei, is now moving towards the next step. Report coming from China, citing Chang’an Shumajun as source who has close ties to Huawei, says…

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AS 2021 BEGINS, EUROPE’S HOTEL CONSTRUCTION PIPELINE STANDS AT 1,905 PROJECTS WITH 307,093 ROOMS

AS 2021 BEGINS, EUROPE’S HOTEL CONSTRUCTION PIPELINE STANDS AT 1,905 PROJECTS WITH 307,093 ROOMS

According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of 2020, Europe’s hotel construction pipeline increased 2% by projects and 3% by rooms year-over-year (YOY) to end the fourth quarter with 1,905 projects and 307,093 rooms, a record high project and room count for the region. Europe’s construction pipeline has remained robust as hotel developers have purposely delayed their opening dates to await improved operating conditions. Rooms under construction are at an all-time high of 967 projects/157,833…

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