The funding includes £2 billion for the automotive industry, £960 million for clean energy and £975 million for aerospace, the Treasury said.

The announcement comes just one day after sources said that Eli Lilly was planning to build the facility for $2.17 billion.

The approval locks in the UAW’s deal with Stellantis through April 2028 and includes a 25% wage hike over the life of the contract.

Sources that spoke to Reuters said the project would create over 1,000 jobs when including sub-contractors as well as suppliers in the region.

Driverless trucks might be zipping down the roads sooner than you think.

Mack Trucks said that the new contract will increase the average wages of UAW members by 36% over the life of the contract.

The shift toward an increasingly digital workforce has led to a massive increase in software-as-a-service (SaaS) applications. Yet many come with serious vulnerabilities, turning them from an asset into a liability.

At a conference in Pohang, industry group Battery Norway pitched Korean companies, including LG Energy Solution Ltd., Ecopro Materials Co. and Posco Future M Co. on why they should cooperate.

If you’re not actively rethinking your approach to facilities, pay scales, work environments, automation and digitization, you’re losing ground to competitors for both business and talent.

Saudia Group is planning on announcing the order before the end of 2023, with the airplanes going to Saudia Cargo as well as Flyadeal.