Keeping sustainability a main objective Drax is working hard to turn into a “predominantly” biomass user. According to the Chairman of Drax, the “2025 deadline” for ending the “use of coal generation” could be beaten by the “FTSE 250” Power Company. The said statement came prior to the “general...

The chief executive at BP does not have the shareholders’ support in hiking his pay. The shareholders of BP are against the proposal that awards a pay of “£13.8m” to its Chief Executive, Bob Dudley, just following a “year of huge losses”. Moreover, the oil giant is urging the major shareholders to...

The UK authorities have officially confirmed their intention to intervene in the situation surrounding the sale and the possible closure of a number of British metallurgical enterprises owned by the Indian company Tata Steel. Closure of enterprises could entail job loss for thousands of British....

The majority of British workers spend a lot of time at work, yet their productivity growth is either small or non-existent, according to the study, which results were published in British The Guardian. More than two-thirds of the workers said they spend at work more time than two years ago, but...

More than a quarter of the capital, created in the UK over the past 15 years, settled in the wallets of the richest people, who make up only 1% of the population, according to the international organization Oxfam. In its report, the organization particularly stresses that many of the "rich British...

In what is being described as it latest move in its effort to outflank Silicon Valley in the race to develop shareable, autonomous vehicles, US auto giant General Motors Co is buying Cruise Automation, a San Francisco self-driving vehicle startup.   Cruise founder Kyle Vogt told media that...

South Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) has declared that the worst is behind the company. The company expects to reach the profit for the current quarter after a record loss in 2015. The second largest producer of ships in the world is going to...

Women are not sufficiently engaged in the labor force around the world. If employers keep the current level of progress in this environment, women will occupy only 40% of managerial and professional positions by 2025, according to the second annual report ‘When Women Thrive’, which has been drawn...

The Republic Airways Holdings Inc. has decided to go through a restructuring process and filed a petition for the same. Republic Airways Holdings Inc. along with some of its subsidiaries have registered a “voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code”. The...