business

17 May 23

What can we do about the consequences of our current energy challenge?

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

There is no doubt that ongoing issues surrounding energy have created significant challenges for global industry. However, the varied nature of global industry means it can be difficult to see the big picture. That’s why we at ABB conducted a survey of 2,300 leaders across key global markets: US and…

04 May 23

Britons believe oil companies should cover climate change costs, poll finds

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

The majority of UK citizens think the country has a responsibility to pay for climate action in poorer and vulnerable countries, according to new polling commissioned by the charity Christian Aid. The survey was carried out by Savanta, which polled 2,181 UK adults between 21 and 23 April. Out of…

02 May 23

Calls for ‘loophole’ to be closed as BP bags £500m of profits beyond expectations

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

BP announced that it made just under $5bn ($4.96bn; £4bn) in underlying replacement cost profit between January and March of this year, citing a strong performance in its oil trading business. The profit is actually a reduction from last year's gargantuan take, when BP's business benefitted from extremely high energy…

30 Mar 23

Rural businesses struggle with local infrastructure, transport and skills

Civil, Structural & Architecture, Mechanical, Production & Manufacturing

According to a survey of more than 900 SMEs from the British Chambers of Commerce (BCC), 27 per cent expect their turnover to decrease over the next year, while only 30 per cent plan to increase investment in technology and R&D Almost two in three (64 per cent) believe they…

28 Mar 23

Windfall taxes curtailing investment in fossil fuel extraction, sector warns

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

Offshore Energies UK’s (OEUK) Business Outlook report finds that nine out of 10 North Sea operators are cutting back investment citing a mix of high taxes, political climate and inflation as key factors in their decisions. It follows the windfall taxes imposed on North Sea oil and gas operators, under…

20 Mar 23

Energy firms face ‘tsunami’ of industrial action, union warns

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

According to Unite, around 1,400 offshore workers across five companies are planning to strike, which could bring platforms and offshore installations to a “standstill”. The latest round of industrial action will hit BP, CNRI, EnQuest, Harbour, Ithaca, Shell and Total. Fossil fuel extractors have enjoyed bumper profits over the last…

15 Mar 23

UK will avoid a ‘technical recession’ in 2023, chancellor says

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

In his first full speech to Parliament, chancellor Jeremy Hunt said that the UK has "proved the doubters wrong" and confirmed that the country will not enter a technical recession in 2023. Announcing the Spring Budget, Hunt stressed predictions that inflation rates will fall from their 10.7 per cent high,…

15 Feb 23

Air India places huge order of 470 jets from Airbus and Boeing

Civil, Structural & Architecture, Mechanical, Production & Manufacturing

Air India, which was recently acquired by Tata Group, said it plans to acquire both widebody and single-aisle aircraft. The provisional deal, which includes 220 planes from Boeing and 250 from Airbus, comprises of 40 Airbus A350s, 20 Boeing 787s and 10 Boeing 777-9s widebody aircraft, as well as 210…

10 Oct 22

Book review: ‘Positive People Leadership’ by Nigel Rowe

Engineering & Management

Not many of us will have sufficient spirit of inquiry to work out how many bosses we’ve reported to in our careers. But Nigel Rowe has, and as his debut book ‘Positive People Leadership’ (The Book Guild, £9.99, ISBN 9781914471704) posits, there’s a lot to be learned from such data.…

30 Sep 22

How turning bugs into benefits can help tackle recruitment problems

Engineering & Management

Results of the IET’s most recent annual skills survey, published in December 2021, suggest that almost half (49 per cent) of UK firms are experiencing problems because of the shortage of skilled people in the market. Aside from fighting it out with the competition by offering higher pay, and more…

What can we do about the consequences of our current energy challenge?

Britons believe oil companies should cover climate change costs, poll finds

Calls for ‘loophole’ to be closed as BP bags £500m of profits beyond expectations

Rural businesses struggle with local infrastructure, transport and skills

Windfall taxes curtailing investment in fossil fuel extraction, sector warns

Energy firms face ‘tsunami’ of industrial action, union warns

UK will avoid a ‘technical recession’ in 2023, chancellor says

Air India places huge order of 470 jets from Airbus and Boeing

Book review: ‘Positive People Leadership’ by Nigel Rowe

How turning bugs into benefits can help tackle recruitment problems

Electronic skin can self-heal after a cut, researchers find

IEEE President’s Note: Connecting the Unconnected

3 stories of founders building apps for the LGBTQ+ community

5 ways you can personalize your smartwatch with Wear OS

Here’s how Unilever is harnessing AI to innovate your favourite products