PUBLISHED: 12:31 14 September 2018 | UPDATED: 12:31 14 September 2018 Jason Noble Local democracy reporter Babergh District Council, based at Endeavour House, is pursuing the £3m investment pot Picture: ARCHANT A new £3million pot is set to be established which will allow a Suffolk council to buy key parcels of land and property in the district when the opportunity arises. Babergh District Council’s cabinet approved plans for the strategic property and land investment fund as a means of acting immediately when a piece of land becomes available.The length of time it currently takes to acquire land or property means the council has previously missed out on opportunities.The new fund will enable it to act quickly for land considered an investment or of strategic value, such as areas next to existing council developments.The cabinet report said: “The council has in the past approved, through the strategy committee process, the purchase … [Read more...] about Babergh to form new £3m investment pot – here’s what it will be used for
News / UK and world by Press Association September 14, 2018, 12:07 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter The Church of England has been criticised after the Archbishop of Canterbury, Justin Welby, slammed Amazon at the recent TUC Congress in Manchester, despite the Church holding stock in the online retail giant. Here is a closer look at the Church’s investment fund and policies: Why does the Church of England have an investment fund? Managed by a body called the Church Commissioners, the investment fund is the modern incarnation of the Church of England’s historic property assets. The Church Commissioners distribute returns from the fund into the Church of England, accounting for approximately 15% of the Church’s running costs. It also pays pensions for retired clergy, provides funding for the poorest areas and supports research into how the Church can grow. What does the Church invest in? The Church … [Read more...] about How does the Church of England invest its wealth?
News / UK and world by Press Association September 14, 2018, 7:59 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Nationwide Building Society has said it is not planning redundancies and will maintain its branch network as it invests another £1.3 billion in tech to help “simplify” operations. The additional cash will bring its total tech investment plans to £4.1 billion over the next five years, during which it expects to create between 750 and 1,000 jobs in a new “technology hub”. The group said it will help “simplify its technology estate and build new technology platforms to enable growth and diversification, and drive forward digital, data and analytic strategies”. However, Nationwide insisted that there were no plans for redundancies in other parts of the business, and gave assurances that its branch network will be maintained. The extra investment will still come at a cost, with … [Read more...] about Nationwide issues assurances over jobs as it invests £1.2bn in tech
BEIJING (Reuters) - China's fixed-asset investment growth slowed to 5.3 percent in the first eight months of the year, below forecasts and hitting a new record low, data showed on Friday. But industrial output grew 6.1 percent in August from a year earlier, and retail sales rose 9.0 percent, both beating expectations. Investment growth had been expected at 5.5 percent in the first eight months of the year, matching a record low in January-July. Analysts polled by Reuters had predicted industrial output growth would remain at 6.0 percent, in line with July. Private sector fixed-asset investment rose 8.7 percent in January-August, compared with an increase of 8.8 percent in the first seven months, according to official data. Private investment accounts for about 60 percent of overall investment in China. Analysts had expected retail sales to rise 8.8 percent, unchanged from the growth rate in July. With U.S. trade duties threatening to ratchet up pressure on China's already slowing … [Read more...] about China August investment growth falls to new record low, industrial output, retail sales up
Viet Nam News QUẢNG NINH — The northern coastalprovince ofQuảng Ninh has emerged as a magnet for foreign investors in recent years thanks to its youthful population, favourable business climate and administrative reforms. According to Deputy Director of the provincial Department of Foreign Affairs Vũ Đình Xứng, the province is now home to 120 valid foreign direct investment (FDI) projects with total registered capital of more than US$6.23 billion. Among 21 countries and territories having invested in the province, theUS is the largest investor, registering $2.3 billion for its eight projects, accounting for nearly 38 per cent of the total foreign capital. It is followed byChina,Singapore,Japan andIndonesia. Most of the FDI has been poured into the fields of tourism, service, hotel, industry, mining, fibre production and building materials. The province has a chance to attract more investment from Northeast Asia as it was … [Read more...] about Quảng Ninh ready to welcome investment wave