Gas prices rise for fourth consecutive week across Nova Scotia | Cape Breton Post

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Diesel cost is down this week

SYDNEY, N.S. — Gas prices are up this week across the province after the Nova Scotia Utility and Review Board’s weekly price adjustment.

In Cape Breton, that means a litre of regular unleaded self serve gasoline is selling for a minimum price of 113.7 cents per litre — up from 112.3 cents per litre last week.

The new maximum price of 115.8 cents per litre is up from 114.4 cents per litre last week.

The cost of ultra-low sulfur diesel is down this week to a minimum price of 125.4 cents per litre across Cape Breton and a maximum price of 127.6 cents per litre.

Last week’s minimum price was 126.2 cents per litre, while the maximum price was 128.4 cents per litre.

The Nova Scotia Utility and Review Board sets the prices each Friday.

 

Read More at https://www.capebretonpost.com/business/gas-prices-rise-for-fourth-consecutive-week-across-nova-scotia-288552/?fbclid=IwAR0qZjAXMrE9enarHg3MfGSpDHxHmN-uuIubeSo7Fug078qfO3mZOR4KcZY

UK jobs market shines, but clouds on horizon

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LONDON (Reuters) – Britain’s labor market showed unexpected strength in the second quarter but economists said this could prove a high water mark, after figures last week showed the economy contracted as businesses braced for a potentially disruptive Brexit.

Average weekly earnings rose by an annual 3.7% in the three months to June – the highest rate since June 2008 and up from 3.5% in May. Excluding volatile bonuses, annual pay growth reached 3.9% – also an 11-year high and beating economists’ average forecast in a Reuters poll.

The jobs market has been a silver lining for the economy since the Brexit vote in June 2016, something many economists have attributed to employers preferring to hire workers they can later lay off rather than making longer-term commitments to investment.

Britain created a net 115,000 jobs in the second quarter, the Office for National Statistics (ONS) said, almost twice the gain forecast and taking the level of employment to a record 32.811 million.

“The jobs market remains a source of strength for the UK economy, though it may now be reaching its peak,” said Tej Parikh, chief economist at the Institute of Directors.

Sterling showed little reaction to the data, which tend to lag broader trends in economic growth and also appeared healthy more than a decade ago when Britain was beginning to slide into recession during the financial crisis.

Finance minister Sajid Javid said the data showed the fundamental strength of Britain’s economy before it is due to leave the European Union on Oct. 31, with or without a deal to smooth the transition.

But some details in the labor market data pointed to tougher times ahead, after data last week showed the economy unexpectedly shrank by 0.2% in the three months to June, the first decline since 2012.

Read More at https://www.reuters.com/article/us-britain-economy-unemployment/uk-jobs-market-shines-but-clouds-on-horizon-idUSKCN1V30ME

Young people in Ireland among world’s most educated

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Young people in Ireland have among the highest levels of education in the world, according to a major new international study.

The Paris-based Organisation for Economic Co-operation and Development (OECD) report shows that 56 per cent of 25-34 year olds in Ireland had received higher or further education. The average for the OECD is 44 per cent.

This Irish score is the highest in Europe and the fourth highest in the world, followed only by Korea, the Russian Federation and Canada.

The findings are contained in the OECD’s Education at Glance 2019 report which examines the performance of education systems in almost 50 developed countries across the globe.

Salary premium
However, the report also ranks Ireland towards the bottom of the developed world for investment in second-level education as a percentage of GDP.

Ireland invested 3.5 per cent of GDP in primary, second and third-level education in 2016 compared to the OECD average of 5 per cent.

Irish class sizes are also larger than in most developed countries. There are 25 students per class on average in Ireland at primary level, compared to 21 students across OECD countries.

Degree-holders in Ireland, meanwhile, earn a significant wage premium compared to other countries.

For example, those with a bachelor’s degree in Ireland earn on average 81 per cent more than those who completed secondary school only. This compares to a salary premium of about 44 per cent across the OECD.

Those who have completed at least a master’s programme in Ireland can expect to earn twice as much as those with just second level education.

Students in Ireland are also less likely to drop out of their degree courses compared to other countries.

Read More at https://www.irishtimes.com/news/social-affairs/young-people-in-ireland-among-world-s-most-educated-1.4013671

Science and technology boom to create millions of new jobs in decades after Brexit

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Britain’s post-Brexit economy will be transformed by a boom in the science, technology and healthcare industries, creating millions of new jobs and generating billions of pounds in output, a major new report has revealed.

The economy will undergo a major shift in the next two decades driven by a green revolution, technological change and the ageing population, analysis by BNP Paribas and the Centre for Economics and Business Research (CEBR) found.

A combined 2.7 million jobs will be added to the economy by 2038 in their forecast, and investment will flood into certain regions, such as Manchester and the East of England, the location of Cambridge’s life sciences hub.

Read More at https://www.telegraph.co.uk/business/2019/09/08/science-technology-boom-create-millions-new-jobs-decades-brexit/

AIHA Survey Shows Members Average Salary of Over $110K

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Industrial hygienists and occupational health professionals are making an average annual salary of $110,807, the American Industrial Hygiene Association (AIHA) found in a survey of its members. The average salary for new, uncertified safety professionals right out of college or university is $59,714, AIHA reported.
 
AIHA September 9 released its 2019 Salary and Compensation Study, a national survey of salaries, benefits, and other compensation structures along with demographics of the industrial hygiene and occupational health field.
 
Finding revealed by the study included:
 
A credentialed industrial hygiene or occupational health (IH/OH) professional earns on average of $33,000 to 43,000 more annually than those with other certifications or none at all;
Industrial hygiene and occupational health may be growing science, technology, engineering and mathematics (STEM) fields with average starting salaries on par with chemical or software engineers; and
Corporations employing IH/OH professionals offer robust 401(k) contribution-matching programs and generous benefits packages.
Money-fine-citation
 

XPERI CORPORATION TO CREATE 50 JOBS IN GALWAY

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Xperi Corporation, a Silicon Valley based, publicly traded technology company with two subsidiaries in Ireland – FotoNation in Galway and DTS in Limerick – celebrated the official opening of its new FotoNation office in Galway yesterday.
Xperi’s DTS subsidiary plans to establish an innovation hub at its new Galway location. In addition, the Company is also working to expand its local engineering talent around high-potential growth initiatives including premium audio, computational imaging, computer vision, and machine learning capabilities, just to name a few.
These investments are expected to result in at least 50 new Ireland-based engineering positions over the next several years, with further R&D investment expected that would contribute to additional employment opportunities in Ireland.
Xperi and its portfolio of brands including FotoNation, DTS, HD Radio, Invensas, and Tessera, are dedicated to creating innovative technology solutions that enable extraordinary smart device experiences for people around the world.
Xperi’s solutions are licensed by hundreds of leading global partners and have shipped in billions of products in a broad range of applications, including premium audio, broadcast, automotive, computational imaging, computer vision, mobile computing and communications, memory, data storage, as well as 3D semiconductor interconnect and packaging.
The Company employs approximately 700 people worldwide with operations in the United States, Romania, South Korea, China, Japan, and Ireland, among other countries.
Speaking at Xperi’s official office opening in Galway, Minister of State Sean Kyne said, “Xperi’s decision to expand in Galway is a further boost to the ICT cluster that we have and enhances Galway’s reputation as a global hub for the development of some of the most exciting and innovative technological products and services.”
Xperi’s Chief Executive Officer, Jon Kirchner added, “We are proud to deepen our commitment to and presence in Ireland as we continue to drive Xperi forward and capture the immense opportunities that lie ahead as we look to accelerate growth. With the creation of an innovation hub in Galway, we are investing in the future to fuel our competitive and innovative edge.”
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UK will now let international students stay for much longer after university

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London (CNN)International students will be offered a two-year UK visa after graduation with or without a job, the country’s Home Office announced Wednesday, reversing one of the major aspects of former Prime Minister Theresa May “hostile environment” strategy.

New Prime Minister Boris Johnson said the changes, which will come into force next year, meant that overseas students would not be forced to leave four months after finishing a degree — making it easier for them to start careers in the UK.

“Britain has a proud history of putting itself at the heart of international collaboration and discovery,” Johnson said in a statement, adding that the country’s scientific breakthroughs “wouldn’t be possible without being open to the brightest and the best from across the globe to study and work in the UK.”
“That’s why we’re unveiling a new route for international students to unlock their potential and start their careers in the UK,” he said.
The new policy applies to international students at the undergraduate level or above, and to trusted institutions with a track record of upholding immigration checks, the Home Office said in a statement.
No cap will be placed on the number of students eligible for the visa, nor will there be restrictions on the kinds of jobs they can seek.

Read More at https://edition.cnn.com/2019/09/11/uk/uk-immigration-student-visa-intl-scli-gbr/index.html

Butterfield to move ten local jobs to Canada

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(CNS): Butterfield Bank is losing ten local jobs, officials have confirmed, as part of a restructuring announced by the financial institution that will see positions migrating to the support services centre in Halifax, Nova Scotia, Canada. Twelve posts in Bermuda and ten here in the Cayman Islands will go. All of the job losses are in the card fraud department, the middle office areas and call centres, and will impact nine Caymanian workers.

A Butterfield spokesperson told CNS it was working to find alternative roles within the bank for the local workers as the jobs move to Canada in the coming months. 94% of the employees are Caymanian, and the bank said the redundancies reflect that ratio.

The announcement was made public earlier this week but the bank said it had informed employees about the restructuring and redundancies last week.

Read More at https://caymannewsservice.com/2019/09/butterfield-to-move-ten-local-jobs-to-canada/