Search Results for: advanced

Economic recovery is losing steam, new ILO report says

Stuart Mitchell

The global economy is slowing down, making it harder for labour markets to recover fully, according to the newly-released, World Employment and Social Outlook: Trends 2025. In 2024 global employment grew in line with the labour force, keeping the unemployment rate steady at 5 per cent, the report says. However, youth unemployment showed little improvement, remaining high at 12.6 per cent. Informal work and working poverty returned to pre-pandemic levels, and low-income countries faced the most difficulties in creating decent jobs. Challenges to recovery The report points to challenges such as geopolitical tensions,…

Berry Boosts PCR PE Plastic Use by 36%, Strengthening its Circularity Commitment

Stuart Mitchell

Berry Global’s European Flexibles division has reported a significant 36% year-on-year increase in the use of post-consumer recycled (PCR) polyethylene (PE) across its industrial, consumer (non-contact sensitive), and agricultural film products. This achievement reflects Berry’s dedication to driving sustainable packaging solutions and helping customers meet their environmental goals. The steady growth in the use of recycled content, a trend that has continued since 2021, demonstrates Berry’s proactive approach and commitment to sustainability. Berry Global has set a goal to use 30% circular plastics across its FMCG packaging products by 2030.…

Ingka Group aims to invest EUR 1 billion to increase recycling infrastructure

Stuart Mitchell

Ingka Investments, the investments arm of Ingka Group, the largest IKEA retailer, aims to invest about EUR 1 billion in companies that are increasing recycling infrastructure. Every year, the global economy consumes 75% more natural resources than the Earth can regenerate. This generates tremendous amounts of waste, yet less than 20% of waste is recycled. To support the transition towards a circular economy, Ingka is aiming to invest about EUR 1 billion in companies that will contribute to recycling infrastructure. In doing so, we invest to recycle more end-of-life products…

JCB’s Hydrogen Engine Approved For Use

Stuart Mitchell

JCB has cleared significant hurdles in its development of the world’s first hydrogen combustion engine after securing landmark rulings from licensing authorities allowing it to be used commercially in machines, the company announced today. JCB is the first construction equipment company to develop a fully working combustion engine fuelled by hydrogen and a team of 150 engineers has been working on the exciting £100 million development for over three years. Today JCB confirmed that 11 licensing authorities across Europe have now given permission for JCB’s hydrogen engine to be sold…

More Than 150 Nobel And World Food Prize Laureates Issue Unprecedented Wake-Up Call Over Hunger Tipping Point

Stuart Mitchell

More than 150 Nobel and World Food Prize Laureates have made an unprecedented plea for financial and political backing to develop “moonshot” technologies with the greatest chance of averting a hunger catastrophe in the next 25 years. In an open letter signed by 133 winners of the Nobel Prize and World Food Prize, the signatories warned that the world was “not even close” to meeting future food needs, with an estimated 700 million people going hungry today and an additional 1.5 billion people to feed by 2050. The letter predicted…