Latest news with #jobcreation
Yahoo
a day ago
- Business
- Yahoo
'I personally cannot wait to continue moving in the right direction'
In the first year since Labour won the General Election, I've spent as much time as possible visiting residents across Newport West and Islwyn. As Newport West and Islwyn was announced as a new constituency ahead of the 2024 election, I've been focusing my surgery sessions on the Islwyn side, holding extremely productive conversations in areas such as Argoed, Abercarn, and Blackwood. As well as surgeries, however, I've also been out and about visiting vital community groups, charities, businesses and attending other local events. The most recent of which was Mount Pleasant Primary School in Rogerstone. It was wonderful to present awards to the children at the school, who had been recognised by the community council for their schoolwork surrounding British TV. Reflecting on the past 12 months, I was thrilled to hear the news that around 100 new jobs for residents in Newport West and Islwyn are set to be created at British Airways seat manufacturer, Safran, during a visit to their base in Marshfield. Job creation is something both UK Labour and Welsh Labour has at the forefront of its mind, highlighted during my visit to Newport's semiconductor plant with chancellor Rachel Reeves, and deputy First Minister of Wales, Huw Irranca-Davies. It's predicted the world-class facility will directly support more than 500 highly skilled jobs thanks to a multi-million-pound investment from the UK Government. With Parliament breaking for summer recess next week, this will give me a greater opportunity and more time to meet with people in the community, tackling important issues, and helping build on existing relationships. A good example of that work came earlier this year in Peterstone, where I met with Newport City Council leader Dimitri Batrouni to discuss the amazing community action group who are looking to save the Six Bells Pub. Looking towards the future for a moment, as well as hosting regular monthly surgeries throughout the summer, we have lots of hard work to do both locally and as nationally, and I personally can't wait to continue moving in the right direction under this Labour Government. A year on from the election, and I cannot begin to express my gratitude to all the voters and the Labour members who supported me in the campaign and continue to support me now. I've said it before and I'll say it again, the fact that an ordinary girl like me from Duffryn High School can represent the people of our community in Parliament is something that I will never take for granted. If you'd like me to visit your group or business in Newport West and Islwyn, then please do get in touch via Ruth Jones is MP for Newport West and Islwyn.
Yahoo
2 days ago
- Business
- Yahoo
World Cup Windfall: $3.3 Billion Jackpot Coming to New York and New Jersey
New York and New Jersey could be on the verge of a multi-billion-dollar economic lift from hosting the FIFA World Cup in 2026. The region is set to host eight matches, including the final on July 19 at MetLife Stadium, with more than 1.2 million fans expected to pour into the area. According to the NYNJ Host Committee, total spending across the region could reach $1.7 billion, driving $1.3 billion in projected labor income. Investors looking at hospitality, infrastructure, and consumer-facing sectors may want to start connecting the dots. The job creation potential is also noteworthy. The committee projects over 26,000 jobs will be added across both states to support the event, spanning everything from stadium operations and tourism to food, transit, and event logistics. Meanwhile, state and local governments are expected to see a combined $432 million in tax revenue. With matches spread across 11 other U.S. citiesBoston, Dallas, Los Angeles, and Philadelphia among themthis could turn into a nationwide economic moment. Companies like Tesla (NASDAQ:TSLA), Uber (NYSE:UBER), Marriott (NASDAQ:MAR), and major streaming platforms could see indirect tailwinds depending on how the tournament footprint expands. Political dynamics are already mixing into the narrative. President Donald Trump, speaking during a FIFA task force session earlier this year, didn't shy away from the tension his trade policies might create. Tensions are a good thing, he said, suggesting the geopolitical backdrop could make the tournament even more electric. For investors, this isn't just about soccerit's a potential demand wave across labor, travel, and consumption that could ripple through public markets. The magnitude remains to be seen, but the setup is worth tracking. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
5 days ago
- Business
- Zawya
South Africa: Govt commits over $56bln to infrastructure investment
Government is following through on its commitment to invest more than R1tn in infrastructure over the next three years to renew the country's roads, port, rail, energy and water systems. This is according to President Cyril Ramaphosa who presented The Presidency Budget Vote for the 2025/2026 financial year in the National Assembly in Parliament on Wednesday. The Budget Vote focused on the 7th administration's three strategic priorities, including promoting inclusive growth, job creation, tackling poverty and the high cost of living, and building a capable, ethical, and developmental state. 'South Africans benefit when the economy grows, when jobs are created, when established industries expand and new industries emerge,' the President said. Infrastructure Fund The President emphasised that government is hard at work to boost infrastructure investment to ensure that infrastructure development becomes the 'true flywheel of economic growth'. Through the Infrastructure Fund, he said government is investing in the roads that link communities to economic centres and the water projects that supply expanding cities and towns. 'We have amended the regulations for Public Private Partnerships to make it easier for the private sector to invest in infrastructure ranging from renewable energy generation to housing. 'This infrastructure has a direct impact on people's lives, providing the services they need, reducing the cost of living, improving the business environment and encouraging economic activity,' the President said. President Ramaphosa noted that the country continues to face high levels of unemployment and economic growth that is too low to create jobs and reduce poverty. In addition, the country faces the corrosive effects of corruption and pervasive crime, to which the poorest are most vulnerable. 'It is with these challenges in mind that we formed a Government of National Unity (GNU) to place our country on a path of growth and transformation, a path of peace and prosperity. 'As we established the GNU, we understood that we were embarking on a new era in the life of our democracy. We understood that there would be complex dynamics and novel challenges that we would need to navigate,' he said. Medium-Term Development Plan The President highlighted that the GNU adopted the Medium-Term Development Plan (MTDP), which outlines clear actions that will be undertaken over the next five years in pursuit of three strategic priorities. 'Across all ministries, all departments and all national entities, there is a commitment to implement the actions on which we have agreed and to move with urgency and purpose to address the needs of South Africans. 'Most importantly, there is a shared understanding that we need to rise above our differences and to work together to make progress on our most important challenges,' the President said. The President explained that the approach of the Government of National Unity is to enhance national cohesion and nation building and to build partnerships across society to advance the common interests of all South Africans. National Dialogue He said the National Dialogue is being convened in response to calls from individuals and formations from across society. The initiative has received wide support and has been endorsed by the GNU as a significant national process to develop a social compact that will enable the country to meet the aspirations of the National Development Plan. 'We are all called upon to use this National Dialogue as an instrument of development, transformation, progress, national cohesion and nation building. The National Dialogue does not displace the democratic processes mandated by our Constitution, nor the electoral mandates that parties carry into Parliament and the Executive,' he said. As the National dialogue process continues, the President said the GNU will continue to take action to address the immediate concerns that all South Africans share – to grow the economy, to create jobs, to tackle corruption and crime, and to fix local government. 'Everything that this government does – from trade negotiations to economic reforms, from the professionalisation of the public service to support for farmers and small businesses – is directed towards meeting the needs of South Africa's people and securing their future. 'The role of the Presidency is to coordinate the work of government towards this end, and to make sure that our commitments are translated into action. Our most important priority is to grow the economy and create jobs,' President Ramaphosa said. Improving administration The President added that efforts to improve visa administration, digital payments, tourism, and industrial diversification would unlock growth and investment. 'We are pursuing the Critical Minerals and Metals Strategy recently approved by Cabinet to ensure that the country's mineral wealth creates jobs and produces value here in South Africa,' the President said. New sector development The development of new sectors was also a key focus. 'Our National Policy on the Commercialisation of Hemp and Cannabis aims to improve the livelihoods of people living in rural areas, targeting 10% annual growth in this emerging industry,' he said. Highlighting tourism's recovery, he noted that over 9 million international tourists visited South Africa last year, spending more than R90bn. 'This is thanks in large part to reforms in our visa system, targeted tourism promotion in key markets and support to local companies,' he said. President Ramaphosa reaffirmed that the Presidency continues to lead implementation of economic reforms through Operation Vulindlela. Energy sector In the energy sector, working together with all stakeholders, the President noted outstanding progress in reducing the severity and frequency of load shedding. 'There was a time when daily load shedding was the norm. Now, it is very much the exception," he said. He said government is putting in place the foundations for a competitive electricity market to unlock massive new investment in energy generation. "This will result in lower electricity costs for all South Africans and more renewable energy to power our economy." In addition, the President said South Africa has received international pledges worth R230bn towards its just energy transition, with investments in transmission, renewables and localised development. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Egypt: MSMEDA supports 51,000 youth projects in Alexandria with EGP $44.5mln
Arab Finance: The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has financed 51,000 youth-led micro- and small-sized projects with EGP 2.2 billion in investments across Alexandria between July 2014 and May 2025, CEO Basil Rahmy said. These projects created more than 110,000 diverse job opportunities. Rahmy's remarks came during a meeting with Alexandria's governor Ahmed Khaled to discuss enhancing cooperation in supporting micro, small, and medium enterprises (MSMEs). They also explored ways to facilitate services for business owners, focusing on industrial projects, particularly in Borg El Arab. Rahmy highlighted that a sum of EGP 102 million of the total financing was allocated to infrastructure, community development, and training projects. He affirmed the agency's interest in raising awareness among business owners of Law No. 6 of 2025, currently being implemented in cooperation with the Ministry of Finance and the Egyptian Tax Authority (ETA). The law offers several tax incentives to business owners, starting from 0.4% of the project's annual turnover if it reaches EGP 500,000. It reaches 1.5% if the turnover ranges between EGP 10 and 20 million. This is in addition to exemptions from many types of taxes and stamps previously imposed on small businesses.
Irish Times
6 days ago
- Business
- Irish Times
Outsourcing company YourTeam to create 50 jobs at its Irish base
Outsourcing company YourTeam is to expand its Irish business over the next two years with the creation of 50 jobs at its base in Dublin. YourTeam sources employees in India and The Philippines to help fill shortages of positions in Ireland. The new jobs will be in sales and advertising, marketing, operations and administration. Recruitment for the positions in Ireland is already underway. The company currently employs 10 people at its Irish headquarters with an additional 250 based in its offices overseas. READ MORE YourTeam CEO Niresh Moodley said: 'There has been a strong demand for our services since we set up the business in 2022 and the plan is to grow YourTeam to five times its size by 2027. 'This will mean an additional 1,250 highly skilled and trained workers off-shore and 50 people here in Ireland.' He added: 'Ireland is currently experiencing full employment, which is great, but it means that some companies are finding it extremely difficult to get staff. 'We source great talent in other countries to match the skills and experience required by our clients. This allows Irish companies to hire highly skilled workers which will help to grow and develop their business.'
