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NKT Cables expects underwater cable business to grow rapidly

24/09/2015

NKT Cables said it expects its business of delivering underwater cables to offshore windfarms to grow rapidly. The company’s chief executive said it expected market volumes to grow on average by some 28% from next year to 2020. NKT Cables, which is part of NKT Holding, currently has more than 20% of the market for offshore cables.

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Tighter pollution rules demanded in EU after VW diesel scandal

24/09/2015

The pressure is mounting on the European Union to tighten rules on pollution from cars after Volkswagen AG admitted it built a system to undermine tests in the US. Members of the European Parliament’s environment committee urged the European Commission to propose more stringent checks amid the widening scandal over emissions controls on VW’s diesel engines. VW has cheated on US air pollution tests for years, the Environmental Protection Agency said Friday. “We must assume that there are many tricks going on in Europe without us realizing because the Americans check more than we do,” said Peter Liese, a German member of the parliamentary committee, said in parliament in Brussels on Wednesday. “We need more realistic, stringent procedures not only for NOx but also for carbon dioxide and fuel consumption. We all know that our cars use more fuel than in the test cycle and people are losing patience.”

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Halliburton to pay back $18.3million in overtime wages

23/09/2015

Halliburton is set to pay back $18.3million to more than 1,000 oil and gas workers after they were improperly exempted from overtime pay. The US Department of Labour said the oil company had improperly identified workers in 28 job categories as exempt from additional earnings under the Fair Labour Standards Act. Halliburton has already begun the process of paying back the accrued overtime for one of the largest settlements for the Labour Department in recent years.

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Stirling Group strengthens team with double appointments

23/09/2015

Stirling Group has strengthened its team with the appointment of two new members in the field of crisis management. Ray Ramsay has been made regional manager for crisis and continuity management (CCM) and Dominic Webb has been made global principal project manager. Ramsay joined Stirling Group last year as strategic projects manager for emergency response and crisis management.

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Nike, Walmart and Starbucks make renewable electricity pledge

23/09/2015

Companies including Nike, Procter & Gamble, Asda-owner Walmart and Starbucks have pledged to use 100% renewable electricity. Goldman Sachs, Johnson & Johnson, Salesforce, furniture company Steelcase and financial firm Voya Financial have also made the commitment to source all of their electricity from renewables to reduce carbon emissions and seize business benefits. The announcement by the US firms made at the Climate Week event in New York brings the number of companies around the world which have made the “RE100“ commitment to renewables to 36, including Marks & Spencer, BT Group, Nestle and Ikea.

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Man charged in £9million fraud probe

A 61-year-old man has been arrested and charged by police probing a multimillion-pound fraud spanning 13 years. Up to 180 investors claimed to have lost an estimated £9million after Midas Financial Solutions Scotland was investigated by a financial watchdog. Police then launched a criminal inquiry and sent hundreds of letters to potential victims.

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Osborne confirms £2billion guarantee for controversial nuclear power plant

21/09/2015

Chancellor George Osborne is pushing for greater Chinese involvement in major UK infrastructure projects, after announcing a £2billion Government guarantee to underwrite Beijing’s investment in a controversial nuclear power plant. Mr Osborne said he hoped the guarantee would pave the way to a final investment decision on the Hinkley Point C plant later this year by French company EDF, supported by China General Nuclear Corporation and China National Nuclear Corporation. And he made clear that further sums may be made available in the longer term.

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