Industrial News Today

Ronald Reagan narrates a new anti-tariff ad from Canada

Canada’s Anti-Tariff Campaign Revives Ronald Reagan in New Ad Strategy Economic Strain in Ontario as U.S. Tariffs Bite According to…

by October 17, 2025

Business Infrastructure

Growthpoint Properties Invests in Cape Winelands Airport Development Project

Growthpoint Properties has become the investment, development and managing partner for the Cape Winelands Airport project. The R8-billion development is scheduled to begin construction early next year pending environmental approvals, with full commissioning targeted for 2028.

Major Property Investment in Aviation Infrastructure

Growthpoint Properties has made a significant initial investment in the Cape Winelands Airport development project, according to reports from both companies. The JSE-listed property group will serve as investment, development and managing partner for the ambitious aviation precinct development located northeast of Cape Town.

by Emma LangfordOctober 17, 2025

Business Startups

EA Union Workers Protest $55 Billion Saudi-Backed Acquisition Over Job Security Concerns

Electronic Arts union members have issued a strongly-worded statement against the proposed $55 billion acquisition by Saudi-backed investors. Workers claim they were excluded from negotiations despite driving the company’s success and fear job losses to “pad investors’ pockets.”

Unionized EA Workers Voice Strong Opposition to Acquisition Deal

Employees at Electronic Arts who are part of the Communications Workers of America union have issued a strongly-worded statement opposing the proposed $55 billion acquisition of the company by Saudi-backed investors, according to reports. The primary complaint centers around workers not being represented in negotiations for the massive deal, sources indicate.

by Emma LangfordOctober 17, 2025

Economy Policy

Chancellor Reeves Considers Energy Bill Relief and Tax Measures in Upcoming Budget

Chancellor Rachel Reeves is reportedly considering interventions to reduce energy bills, including potential VAT cuts. The government faces a £22bn fiscal gap while maintaining commitments to key tax rate freezes.

Energy Bill Relief Measures Under Consideration

The government is reportedly planning “targeted action” to address rising living costs, with energy bills being a primary focus of the upcoming Budget. According to reports from the BBC, officials are considering cutting the current 5% rate of Value-added tax charged on energy, which could provide immediate relief to households. Another option under discussion involves reducing regulatory levies currently added to utility bills, sources indicate.

by Ava WinslowOctober 17, 2025