Overview: Calmer markets are prevailing today, but an unease remains, and market moves continue to be sharp even if less dramatic. Still, it is in these somewhat less volatile conditions that the US dollar is doing better. It is firmer against all the G10 currencies today. The yen and sterling are the weakest, nursing 0.4%-0.5% losses, while the Norwegian krone and the Canadian dollar are faring the best, off 0.05%-0.15%. Emerging market currencies are also mostly lower, except a couple...

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The Crossroads The mining industry, a cornerstone of the global economy, is at a crucial juncture. Faced with escalating environmental regulations, a growing demand for sustainable practices, and the rising cost of traditional energy sources, mining companies are finding that transitioning to renewable energy is no longer an option—it’s a necessity. This shift is not just about compliance or public image. It’s about leveraging new opportunities that renewable technologies bring. Innovations in solar, wind, and hydro energy are not only making...

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We have previously reported on the government's commitment to its proposals in "Make Work Pay", with a number of measures to be included in a new Employment Bill and Equality (Race and Disability) Bill announced in the King's Speech. The government is also pressing forward with its proposals around wider workforce issues, including the need to upskill the workforce to meet future challenges with the launch of Skills England and a "blueprint for fundamental reform" to stop "spiralling economic inactivity".   Tackling economic equality;...

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The federal government makes the Inflation Reduction Act’s lucrative energy tax credits even more beneficial — if your company is willing to meet the prevailing wage and apprenticeship requirements. If you meet the requirements, you can receive a five-time base multiplier of the credit or deduction (for example, a 30% credit for energy property rather than a 6% credit). It’s a major benefit and one worth exploring if you’re interested in cashing in on even more credits. The prevailing wage and apprenticeship...

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Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6% Material margin expands to 55.1% (first half of 2023: 52.7%) EBITDA margin jumps to 18.7% (first half of 2023: 16.5%) Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million) Successful integration of MBCC with raised synergy guidance for the year (CHF 100 – 120...

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ING today announced the appointment of Daniele Tonella as chief technology officer (CTO) and member of the Management Board Banking, effective 5 August 2024. He will succeed Marnix van Stiphout who has held the role ad interim since 1 November 2023, in addition to his roles as chief operations officer and chief transformation officer. Daniele Tonella (Swiss) has over 20 years of experience in technology leadership roles in the financial industry and is currently active in advisory and board roles...

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