Latest news with #jobcreation
Entrepreneur
5 hours ago
- Business
- Entrepreneur
The Telecom Enabler: Anuradha Gupta, CEO, Amantaya
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. "We offer a comprehensive range of services designed to address the diverse needs of our global clientele. Our offerings include product development, system integration, testing, and consultancy, with a focus on wireless and digital technologies. We provide end-to-end solutions that enable our clients to navigate the complexities of digital transformation, ensuring they stay ahead in a rapidly evolving market,' said Anuradha Gupta, CEO, Amantaya. Amantya is the first in India to offer a 5G SA Core and Network-in-a-Box, enabling diverse deployments from smart logistics and Industry 4.0 to connectivity in underserved areas. "With TTDF funding, our 5G SA Core will become carrier-grade within the next year, incorporating enhanced scalability, reliability and advanced features to support large-scale network deployments and complex use cases," she added. The solutions are driving global impact in the telecom domain by fostering economic growth, creating job opportunities, and enabling innovation. By unlocking new use cases across industries, it anticipate generating over 2,000 new jobs in diverse domains over the next five years. "Cost-efficiency and flexibility are central to our offerings," the CEO said. The growth plans for the next two years are centered around expanding market presence, fostering innovation and entering new geographies. "We are dedicated to advancing our research and development initiatives to create cutting-edge technologies in wireless, Digital, and AI domains. This includes expanding our accelerators and solutions portfolio, ensuring they continue to align with customer needs. We aim to deepen our collaborations with leading industry players across Indian and global markets to fast-track the adoption of 5G and allied technologies. Our growth plans include entering new markets such as Japan and the EU, alongside strengthening our presence in established regions like India, the USA, the UK, Canada, and the Middle East. Additionally, we are committed to supporting the Government of India's 'Make in India' initiative by developing indigenous 5G solutions," Gupta explained. Factsheet: Year of inception: 2018 No. of employees:800+ Major clients: Verizon, DISH, TCS, C-DOT, and more IP developed/patented (no. - if more than one and names)– 5G SA Core, 5G Network-in-a-Box, Multi-Access Gateway, and Test Automation Tools for RAN, Core, and Wi-Fi testing.
Yahoo
6 hours ago
- Business
- Yahoo
Amazon outlines job initiatives in Europe's low-employment areas
In 2024, Amazon contributed over €41 billion to Europe's GDP, and over €29 billion to the EU27, according to their latest impact report, released on June 4. To put that in perspective, €41 billion is just a little bit more than the entire GDP of Latvia. "Our economic impact in Europe goes far beyond the numbers," explains Mariangela Marseglia, VP of Amazon Stores EU. "We're creating opportunities where they're needed most, supporting local economies, and helping to revitalize communities across the continent.' And whilst the impact may 'go beyond the numbers', let's take a closer look at the stats. In the EU, Amazon directly employs 150,000 people and the impact on communities outside of traditional employment hubs has created an interesting ripple effect on the local economies. In France's Hauts-de-France region, where unemployment sits at 8.7% - well above the national average of 7.3% - Amazon has created over 6,000 jobs in the past decade. This region has previously suffered from the deindustrialisation that has plagued many communities in Europe, with the loss of mining, steelmaking and wool industries. The retail giant's fulfillment centre at Lauwin-Planque employs over 2,600 permanent staff, with 84% living within a 30-minute drive. Eleven years after opening, 71% of locals report the site has had a positive or very positive impact, with 94% highlighting job creation as a key benefit. This is echoed across the EU as over 90,000 of Amazon's employees are based in areas with higher than average unemployment rates, according to a report from Eurostat. Research from Ipsos further revealed that 81% of residents near an Amazon logistics facility report increased job opportunities since the company's arrival and over half say financial improvements have led them to consider major life decisions like purchasing property or starting a family. While zero-hour contracts are banned in several EU countries, in the European countries that do allow them, Amazon confirmed this is not an employment method they practice. Related Where in Europe are workers losing ground as taxes rise faster than wages? Eurozone unemployment drops to record low levels in April In 2024, Amazon invested more than €55 billion in infrastructure and its workforce across Europe (€38bn in the EU27), bringing its total investment since 2010 to €320 billion. Although most people know Amazon for its e-commerce platform, a huge part of its business also comes from Amazon Web Services (AWS) and its cloud computing offerings. Future investments from the company seem centred around AWS and will drive employment in diverse skill sets. Some €8.8 billion is planned in the Frankfurt region through 2026, supporting 15,200 full-time equivalent jobs and contributing an estimated €15.4 billion to Germany's GDP. Moreover, £8 billion (€9.5 bn) will be invested in the UK before the end of 2028, supporting 14,000 jobs annually and contributing £14 billion (€16.6 bn) to the UK's total GDP. A further €6 billion is being invested in France to develop cloud infrastructure until 2031. Predictions estimate this will contribute €16.8 billion to France's GDP and will support an average of 5,271 full-time jobs annually. In Spain, a €15.7 billion injection will support 17,500 jobs annually and contribute an estimated €21.6 billion to Spain's gross domestic product (GDP) through to 2033. Sign in to access your portfolio
Arab News
21 hours ago
- Business
- Arab News
‘We will make our country proud': Joy as Saudi graduates take first professional steps
JEDDAH: Hundreds of Saudi students on Thursday graduated from a specialized program targeting job creation in the Kingdom's fast-growing tourism sector. The Red Sea Global Vocational Training Program, held in partnership with King Abdulaziz University and the Human Resources Development Fund, celebrated the graduation of 466 Saudis, the scheme's third cohort of students, across specializations including wellness tourism and hospitality. The ceremony was attended by Jeddah Gov. Prince Saud bin Abdullah bin Jalawi and John Pagano, CEO of the Red Sea Development Company. The two officials delivered a speech highlighting the importance of achieving Saudi Vision 2030 by empowering the nation's youth, building a thriving Saudi industry, and showcasing the Kingdom's natural beauty and hospitality to the world. Pagano said: 'We are proud to see our skill development initiative empower youth and transform lives. By providing access to high quality and job-oriented training programs, we empower the students with the tools they need to confidently enter the workforce and contribute meaningfully to the tourism industry of Saudi Arabia.' RSG is committed to offering employment opportunities for outstanding graduates within its workforce or with partners, he added. The graduation, held at King Faisal Auditorium, saw the signing of an agreement between the Human Resources Development Fund and Red Sea Global to train and employ 1,000 young Saudi men and women in specialized fields, including wellness tourism, hospitality, tourism security and technical services. Turki bin Abdullah Al-Jawini, HRDF director general, said that the fund helped more than 153,000 Saudi men and women find employment in the private sector during the first half of 2024. Al-Jawini showcased the fund's most prominent campaigns, and said that the HRDF develops its programs in partnership with various sectors, with the aim of improving job opportunities and developing human capital. The event also included a keynote address by Raed Al-Basseet, group chief environment and sustainability officer at RSG. He praised the graduates for their resilience, hard work and dedication. 'From the first day you entered the Red Sea Vocational Training Program, you've proven to us that ambition has no limits, and that those with determination and passion can go further than they imagined. Your hard work has become an accomplishment. Your efforts are the beginning of a great professional journey, filled with opportunities and successes that exceed our expectations,' Al-Basseet said. 'Don't stop at this achievement; let it be the beginning of a great and prosperous future. We are always behind you, and we are proud of you.' Later, graduates Naif Najmi, Mishari Al-Jehani, Ghala Al-Buhairi and Ghada Al-Jehani gave thank-you speeches on behalf of their cohort. They highlighted the importance of the support they received, reflected on their journeys and described their hopes for the future. The ceremony was full of emotion and joy among students and their parents. Amer Al-Marawani, a graduate student of tourism security, told Arab News: 'I'm feeling really happy and excited for the beginning of my new journey. In the future, I hope I can contribute to the tourism sector of my country.' Hala Nadri, a graduate specializing in hospitality, said: 'After graduation, it is an outstanding honor for us to serve the country, we are really looking forward to join the workforce anywhere in our touristic sites.' Meanwhile, Jood Majed, a graduate of tourism safety, praised the program's technical depth and encouraged other Saudi women to apply: 'The training programs have been a resounding success and we learned a lot from it. Now, it is our time to pay back our leadership who supported us all these years by working hard, and eventually, we will make our country proud.' Yousef Al-Amri, a graduate in information technology, said: 'I consider myself very lucky to be equipped with these invaluable skills and I am forever grateful to RSG and KAU.'
Times
a day ago
- Business
- Times
Meet the UK's fastest-growing companies in 2025
As hiring at large companies falters, Britain's fastest-growing private companies are picking up the baton. The 100 small firms that feature on this year's Sunday Times 100 ranking have created 10,500 new jobs in the past three years and are planning 5,300 more over the next 12 months. Our annual spotlight on the entrepreneurs selling must-have goods and services, and driving economic growth, shows that despite headwinds of higher business taxes and fragile consumer confidence, good ideas, endeavour, resilience and a large dose of luck remain a reliable formula for success. On our ranking you'll discover companies designing shoes worn by the Queen (Sole Bliss), food eaten by Stormzy (Wingstop UK) and beer drunk by Jeremy Clarkson (Hawkstone). • Explore the Sunday Times 100 — interviews, company profiles and more The supermodel Kendall Jenner is a fan of the activewear produced by Manchester's Adanola, while the former special forces marine Anthony 'Staz' Stazicker completed a record seven-day climb of Mount Everest in May wearing kit made by ThruDark, the outdoor clothing brand he co-founded. We also have inventors such as Laura Waters and Kelli Aspland, the Welsh pair behind Solar Buddies, whose patented child-friendly sunscreen devices will be seen on beaches this summer. Professor Neil Barron created a material called Barronium, a patented, fused composite armour, which his company Litelok, based in Swansea, is now selling in locks to protect high-value bikes and motorcycles from Britain's prolific thieves. On average the companies grew their revenues by 111 per cent a year for the past three years to a combined £3.4 billion, an increase of £2.8 billion. They all say they make a profit, one of our criteria to qualify. Another is that they can't have more than £250 million in annual sales. This year we have also separated fast-growth technology companies into a sister ranking, the Sunday Times 100 Tech, which is now published each January. The companies are based all over the UK. Notably, ten are in Scotland and Wales, whereas none were located there last year. London has slipped, down from 43 to 36 companies, while the northwest of England has 18, up from just 10 last year. Some 28 businesses are led by female founders or co-founders, such as Aimee Smale of the fashion brand Odd Muse, Pip Durell of the on-trend shirtmaker With Nothing Underneath and Lottie Whyte, the co-founder of the exercise recovery equipment maker MyoMaster, who slayed Steven Bartlett on Dragons' Den when she and her husband, Joe Gray, successfully pitched for investment on the TV show last year. The recognition of our ranking matters, perhaps as much as the TV show. 'I should play it cool, but I've been studying this ranking way before I started this company. It's been on my vision board for a long time. I'm just really excited to be included,' Whyte, 36, says. Many of our entrepreneurs are still only 30 and under, such as Simmy and Jhai Dhillon, the brothers who co-founded the meal subscription service Simmer Eats, and the school friends Daniel Yuen and Kieran Riddell-Austin, whose Liverpool-based clothing brand Montirex made bumper profits on their revenues of £76.7 million last year. Taking the top spot for the first time is Oscar Ryndziewicz, the founder and chief executive of Glasgow-based Dfyne, an activewear brand. His parents came to Britain from Poland: his father first, saving up cash from jobs such as making sandwiches at the Cheltenham Cricket Festival so he could afford to bring over his wife. Oscar was born a few years later and, after a few false starts, the 35 year-old now leads a highly profitable business that employs 120 people and hit revenues of £66.8 million this year. It grew its revenues by a phenomenal 517 per cent a year to this May, and will leap forward further in the next 12 months. What has helped them all succeed? Trying things appears to be a common characteristic. 'If you don't try, you are never going to get lucky,' says Ryndziewicz of Dfyne, who admits to his fair share of luck. To start with, his girlfriend Eilidh, an NHS orthoptist, maxed out her credit card to help him get Dfyne off the ground. The pair married this month, so it seems taking risks has its rewards. ▲ 517.32% Activewear brandOscar Ryndziewicz started Dyfne after his girlfriend, Eilidh, let him max out her credit card. The company hit sales of £66.8 million this year and the couple married on June 7. ▲ 434.11% Health products retailerThe brothers Lestat McCree and Max Clarke created Healf in 2020 to help consumers navigate the explosion of wellness products. They made sales of £40 million this year. ▲ 325.14% Consumer cleaning productsFed up with toxic cleaning products in plastic packaging, best friends Purdy Rubin, an NHS nurse, and Charlotte Figg, a horticulturist, decided to do something about it. ▲ 268.40% Fashion brandAimee Smale began Odd Muse as a lockdown hobby while a fashion student in 2020 and just four years later had racked up annual sales of £25 million. ▲ 205.46% Meal delivery serviceSet up by Simmy Dhillon (soon to be joined by his brother, Jhai) with just £10 of ingredients, Simmer Eats began in a university kitchen in 2017 and has grown to revenues of £36.1 million. ▲ 197.72% Management consultancyTim Bretman, an ex-Royal Marine, founded this consultancy in 2020, helping government departments and big companies innovate and upgrade their IT. ▲ 192.00% Fashion brandThe former Ashton United football players Dan Wilkins and Adam Morning launched this firm in Accrington in 2017, initially selling hats. Its clothing now brings in sales of £12.5 million. ▲ 186.80% Technology consultancyBased in Langstone, Newport, this company was started in 2020 by the serial entrepreneurs Mark Sweeny and Tim Warner — both of whom proudly support the Welsh tech scene. ▲183.54% Jewellery brandFounded in 2021 by Olivia Jenkins, Jack Zambakides and Oliver Smithson, this brand was created in memory of Olivia's late mother, Deborah Louise. Sales hit £6.6 million last year. ▲174.66% Children's toiletries brandCasyo 'Krept' Johnson — one half of the hip-hop duo Krept & Konan — leads this natural baby-care label. It was inspired by his daughter, Nala, and hit sales of £5.5 million this year.
Telegraph
a day ago
- Business
- Telegraph
Foreign investment in Britain falls to record low under Labour
Foreign investment into Britain plunged to a record low last year, despite a drive by ministers including Rachel Reeves and Jonathan Reynolds to drum up cash overseas. The number of inbound foreign direct investment (FDI) projects dropped to 1,375 last year, down 12pc from the 1,555 in 2023-24, according to data from the Department for Business and Trade. It represents the lowest level on records dating back to 2008. The investments created 69,355 jobs last year, the department said, the smallest number since the pandemic year of 2020-21. The figures underline the challenges faced by the Government as it seeks to attract international cash to Britian. Ministers have tried to present the UK as a prime location for business, including by hosting a high-profile International Investment Summit in October that featured a speech from Sir Keir Starmer and a performance by Sir Elton John. Other efforts include the Chancellor's trip to China in January, intended to revive economic links, and the Business Secretary's tour of the Gulf states to try to improve relations with nations with significant sovereign wealth funds. Relations with the Gulf states were harmed in September when then-transport secretary Louise Haigh called P&O Ferries a ' rogue operator ', an accusation that risked £1bn of investment in Britain by the company's owner, Dubai's DP World. The political and legal wrangling over the UAE's bid to become a partial owner of Telegraph Media Group has also affected Britain's reputation in the region. Joe Marshall, the chief executive of the National Central for Universities and Business, said the quality of the FDI coming into Britain was also deteriorating. 'The latest data is particularly concerning in high-value, strategically important sectors,' he said. 'The UK saw a 43pc drop in creative and media projects, a 20pc fall in life sciences, biotechnology and pharmaceuticals, and a 5pc decline in ICT investments – all vital to driving productivity, digital transformation and industrial modernisation. FDI into research and development also fell by 26pc. 'FDI is not just capital – it brings global talent, international partnerships, and long-term confidence in the UK economy. Strengthening investment will be essential to deliver the Industrial Strategy and realise the UK's ambition for innovation-led growth.' American investors accounted for the largest share of FDI in Britain last year, accounting for 329 of the projects. Another 106 came from India, 83 from Germany and 68 from France. Some major global investors have praised the UK in recent months, boosting Labour's efforts to improve Britain's standing on the global stage. Larry Fink of BlackRock called the UK 'undervalued' and said his company was investing 'across the board'. Jamie Dimon, the chief executive of JP Morgan, praised the Government's 'pro-growth agenda', while Jon Gray, the president of Blackstone, said there were 'encouraging' signs. The Government said it is focused on bringing investment into the country. A spokesman said ministers were 'laser-focused on targeting the highest-impact, job-creating wins across the UK, which is why the value of our FDI projects has gone up over the past year as we seek quality over volume. 'Our modern Industrial Strategy has introduced ambitious plans to drive growth and investment across every nation and region of the UK, ensuring our country is the best place to invest and do business. 'We've secured well over £100bn of investment over the past year, showing our Plan for Change is already delivering, and we'll continue to work with business to ensure we're making working people better off.' The FDI figures were published alongside separate data showing that British businesses were struggling as the economy weakens. Some 17pc have no cash reserves to rely on, the highest share since the Office for National Statistics began this quarterly survey in 2020.
