Aldi UK: Plan to open 100 new UK stores creating 4,000 jobs as profits surge by 49% in a year

Aldi announces plan to open 100 new UK stores creating 4,000 jobs as profits surge by 49% in a year

  • The discount supermarker plans to pump £1.3billion of investment into the UK
  • Aldi’s expansion is part of a long-term plan to grow its portfolio to 1,200 stores
  • It will open 100 more supermarkets and create 4,000 jobs after profits surged 

Aldi will open 100 new stores and create 4,000 jobs after profits surged by 49 per cent in a year, it has revealed.

The discount supermarket plans to pump £1.3 billion of investment into the stores by the end of next year.

The expansion is part of a long-term plan to grow from 894 to 1,200 locations in the UK by 2025. 

The funding – Aldi’s biggest investment in the UK in

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Planned Companies’ employees plan to walk off jobs at Hudson County luxury buildings

More than 100 workers plan to walk off their jobs at eight luxury high-rises in Hudson and Essex counties Thursday to protest their treatment during the pandemic and retaliation for organizing to join a union shop.

The Planned Companies’ employees — doorpersons, porter and handymen — have demanded hazard pay of $2 an hour and 14 extra paid sick days to be used for quarantine purposes during the coronavirus pandemic, officials with 32BJ of the Service Employees International Union said.

Union officials say Planned workers continue to be paid poverty wages as low as $11 an hour and many receive only 5 days of combined paid vacation and sick leave at 77 Hudson and The Cliffs and Gull’s Cove in Jersey City, Shipyard in Hoboken, Ambassador Towers and Washington Towers in East Orange, Xchange at Secaucus Junction in Secaucus and Galaxy Towers in Guttenberg.

The workers of Planned say a

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Joe Biden’s plan would create 7 million more jobs than Trump, according to one economic forecast



Joe Biden wearing a suit and tie: REUTERS/Kevin Lamarque/File Photo


© REUTERS/Kevin Lamarque/File Photo
REUTERS/Kevin Lamarque/File Photo

  • An economic forecast from Moody’s indicated that a Biden presidency would create 7 million more jobs compared to a second Trump term.
  • “The Moody’s analysis tells us the Biden plan would result in more jobs, a stronger economy, and higher incomes for the middle class,” economics expert Michael Linden said.
  • Household incomes would also rise nearly $5,000 under Biden, but stay unchanged if Trump is reelected to another term.
  • Visit Business Insider’s homepage for more stories.

Democratic presidential candidate Joe Biden’s economic agenda would lead to 7 million more jobs created compared to President Donald Trump’s, according to a new analysis from Moody’s Analytics, a research firm.

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The study, conducted by Mark Zandi and Bernard Yaros, evaluated the economy’s trajectory under four different scenarios. But it found that a Democratic sweep where Biden is elected and Democrats recapture the Senate would

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Swiss reject nationalist plan to limit jobs for EU citizens

Voters in Switzerland have strongly defeated a nationalist party’s proposal to limit the number of European Union citizens allowed to live and work in their country

GENEVA — Voters in Switzerland on Sunday strongly defeated a nationalist party’s proposal to limit the number of European Union citizens allowed to live and work in their country.

Swiss public broadcaster SRF reported that the measure was rejected by 61.7% of voters, with 38.3% in favor. All but four of the country’s 26 cantons, or states, likewise opposed the plan —- proposed by the Swiss People’s Party — to give preferential access to jobs, social protection and benefits to people from Switzerland over those from the 27-nation bloc that surrounds it.

The government had warned that the

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Myanmar COVID-19 National Response and Recovery Plan for the Education Sector (May 2020 – October 2021) – Myanmar

Introduction

In only a few months, COVID-19 has quickly spread all over the world causing major socio-economic disruptions, including in the provision of education and training services. For many countries, this new health crisis is an additional burden on struggling education systems and vulnerable populations, notably in crisis-affected and displacement settings.

Myanmar confirmed its first two official cases of COVID-19 on 23 March 2020. On 31 March 2020, the Committee for Coronavirus Disease 2019 (COVID-19) was formed by President Win Myint to fight the spread of COVID-19 in Myanmar. Prior to this announcement, the Ministry of Education (MoE) called for the closing of all schools, higher education institutions and TVET institutes. The MoE is not currently a member of the Committee established by the President. Myanmar unveiled its COVID-19 Economic Relief Plan (CERP) on 27 April 2020, designed with a set of comprehensive response measures tailored to address the immediate

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Pound depressed ahead of UK chancellor unveiling jobs protection plan



a man wearing a suit and tie walking down the street: Chancellor of the Exchequer Rishi Sunak walks across Downing Street to a cabinet meeting in London, Tuesday, Sept. 15, 2020.(AP Photo/Frank Augstein)


Chancellor of the Exchequer Rishi Sunak walks across Downing Street to a cabinet meeting in London, Tuesday, Sept. 15, 2020.(AP Photo/Frank Augstein)

The pound sank against the US dollar (GBPUSD=X), continuing a negative trend early on Thursday, ahead of the UK chancellor Rishi Sunak unveiling his plan to protect jobs this winter.

Sterling against the US dollar was mildly down, after tumbling to a near-two month low the previous day, as the UK implemented new measures to try and stop the spread of coronavirus.



a screenshot of a cell phone: Chart: Yahoo Finance


© Provided by Yahoo! Finance UK
Chart: Yahoo Finance

On Wednesday afternoon, Sunak tweeted that he would update parliament with the cabinet’s plans to protect jobs in the last few months of the year.

He said: “As our response to coronavirus adapts, tomorrow afternoon I will update the House of Commons on our plans to continue protecting jobs through the winter.”

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Will the chancellor’s plan to save jobs work?



a man holding a bag and walking on a sidewalk


© Getty Images


The chancellor’s statement is a radical attempt to provide a shot in the arm to the jobs market – at a very difficult time.

But the new jobs support scheme is a fraction of what we have seen over the past few months, and is concentrated on those deemed to be in “viable” jobs. It cannot prevent a sharp rise in unemployment in the coming months in “non-viable” jobs.

Indeed, the economic impact of this package of several billion pounds is likely to be far outweighed, even by this week’s announcement that the UK faces a six-month “new normal” of social restrictions.

The sight of Chancellor Rishi Sunak flanked by the Trade Unions Congress and the Confederation of British Industry bosses at Number 11 was meant to show the country that a non-ideological innovation to protect livelihoods was on the way.

It is an echo of German

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New Covid plan for England could confine university students to halls | Higher education

University students in England could be confined to their halls of residence and barred from going to their family homes in the event of local coronavirus outbreaks, according to new guidance issued by the Department for Education.

The DfE’s guidelines call for universities to take a host of measures to combat the spread of the virus, but warns that institutions must “have the right plans in place to control and manage any local outbreaks” while also encouraging safe social interaction.

University administrators were scrambling to understand how the new policies would affect plans they have already drawn up, with some students and staff having arrived on campus this week, and lectures started at some institutions.

Students with coronavirus symptoms are told to “self-isolate in their current accommodation” such as halls of residence. All other residents in the same household must also isolate for 14 days, and be provided with support

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Stocks Close Higher Amid Plan to Resume Stimulus Talks, Weak Jobs Data

Stocks ended modestly higher in choppy trading Thursday amid disappointing jobless numbers and word from Treasury Secretary Steven Mnuchin that he planned to resume fiscal-stimulus talks with House Speaker Nancy Pelosi.



a person standing in front of a building: Stocks Close Higher Amid Plan to Resume Stimulus Talks, Weak Jobs Data


© TheStreet
Stocks Close Higher Amid Plan to Resume Stimulus Talks, Weak Jobs Data

The Dow Jones Industrial Average finished up 52 points, or 0.2%, to 26,815, the S&P 500 was up 0.3% and the tech-heavy Nasdaq rose 0.37%.

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The Dow was up as much as 1.2% and down as much as 0.8% on Thursday.

Goldman Sachs led the DJIA higher, closing up 4.8% at $195.11. UBS analyst Brennan Hawken upgraded the investment bank to buy from neutral and raised his share-price target to $245 from $220.

Apple finished up 1% and Tesla tacked on almost 2%.

Mnuchin told a Senate Banking Committee hearing Thursday that a targeted pandemic relief package was “still needed,” Bloomberg reported.

Equities

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The Guardian view on Rishi Sunak’s jobs plan: playing for high stakes



a man wearing a suit and tie: Photograph: Dominic Lipinski/PA


© Provided by The Guardian
Photograph: Dominic Lipinski/PA

As soon as Covid-19 cases began to rise again, forcing fresh public health controls and new restrictions on economic activity for another six months, another package of Treasury measures to protect jobs was inevitable. There is nothing unique about this. Similar packages have been introduced across Europe. The chancellor, Rishi Sunak, duly delivered one for Britain on Thursday. It bore little resemblance to the kind of measures he had been hoping to announce in his putative post-pandemic autumn budget. That budget has now been postponed until next year.

Thursday was instead the third Covid emergency budget of Mr Sunak’s dramatic chancellorship. The furlough scheme will close at the end of October. UK unemployment is already rising in anticipation and amid the recession, with Whitbread among the latest to announce big job cuts. So Mr Sunak either had to extend the furlough scheme,

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