A US company has been given the green light to buy the Murco oil refinery in Milford Haven.
The sale was announced in July, but needed to be approved by the European Commission before it could go through.
The sale of the site has safeguarded 400 jobs.
The Commission concluded that the proposed acquisition would not raise competition concerns, because the overlaps were very limited and the new entity would continue to face strong competition from a number of credible players.
An extensive redevelopment of Wales' largest fishing port is to get underway this week.
The Port of Milford Haven is building new fish processing units, offices and facilities for the inshore fleet as part of wider plans to boost the fishing industry.
It's the second stage of the planned £70m redevelopment of Milford Dock that developers hope will attract visitors and locals to the waterfront. It's expected to be completed by Spring next year.
"It's very exciting to see something that has been a long time in planning finally get underway. Few people realise how vibrant Wales' biggest fishing port actually is. We want to make the industry more visible and ensure it creates greater benefits for local businesses."
Plans to build a so-called 'super prison' in Wrexham are on hold after councillors voted to defer a decision until they have more information.
A meeting was held last night by Wrexham Planning Committee to address issues such as landscaping, layout and parking.
The prison has already been given outline permission.
The prison, designed to hold over 2000 inmates is estimated to cost £212m.
Councillor Neil Rogers is in favour of the prison and said that the local economy will benefit between £23 and £25m from the construction process alone.
Wrexham Councillors will vote on more details about the new so-called 'super prison' in Wrexham later.
Outline planning permission for the multi million pound project has already been granted. The council's planning committee will discuss landscaping and layout in a meeting tonight. But there are still concerns about what impact the prison might have on the local area.
Previously the work on the £212 million prison was set to start this summer but was delayed while planners considered the proposals.
The scale of the development, which will have a maximum of 76,370sqm of floor space, and the position of two site access were approved at outline planning permission stage.
The final development will include a total of 13 buildings with a combined gross floor area of 72,622sqm and ranging from 8.5m in height to 15.5m in height.
A new £300m plan to boost Cardiff as a centre for job growth and wealth creation will give "a powerful message to send to the international community" according to the university's vice-chancellor.
Working with the Welsh and UK governments, local authorities such as Cardiff Council, the NHS in Wales, business partners and civic society, Cardiff Innovation System can establish the University, the City and Wales as international leaders in innovation.
Promoting Wales as a capital for job and wealth creation, a source of highly skilled-graduates and a thriving centre for innovation and commercialisation, is a powerful message to send to the international community.
Cardiff University has unveiled plans for a £300m campus and social science research park.
It's all part of aims to drive an "innovation-led growth that will boost the Welsh economy".
An ambitious vision is being announced by Cardiff University’s vice-chancellor.
Professor Colin Riordan, wants the university to be internationally recognised for future prosperity, health and growth in Wales and beyond.
Discount supermarket chain Aldi says it plans to create 400 jobs at a new warehouse being built on the outskirts of Cardiff.
The council has given the go ahead for a distribution centre to be built at Capital Business Park in Wentloog.
The plan is for a 42,000 square metre warehouse, offices and loading bays.
We are delighted that Cardiff Council has approved our plans to open a new Regional Distribution Centre, we are working closely with the local authority to invest in the area and create around 400 new jobs.
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