Welsh Secretary Stephen Crabb has welcomed the announcement of more than a thousand new jobs at six projects in Wales. He said the news is sign that the UK Government's long term economic plan is working and that Wales is poised to benefit from this week's investment summit.
The UK Government has a long term economic plan for getting right behind Welsh businesses and creating the perfect conditions for growth. We have reduced the deficit, cut Corporation Tax and slashed red tape to make our economy more competitive and more attractive for inward investment.
This has led to 8,000 new businesses starting each year in Wales and the creation of around 100,000 new private sector jobs since 2010.
This week’s summit will send a message to the world that we are an ambitious nation that is open for business. There has never been a better time for Wales to capitalise on an investment summit - to turn the success of the recent Nato summit into jobs and prosperity so that more people in Wales can benefit from the security of a regular wage.
Six companies are creating 1,100 new jobs here. The First Minister said it is proof that Wales is an attractive place for investment.Read the full story ›
Newport's Celtic Manor Resort will welcome business leaders and governments for the UK Investment Summit Wales 2014.Read the full story ›
The only direct air route linking Wales and Germany, a weekly flight between Cardiff and Dusseldorf, will not operate next year unless a new airline takes over the service.
Germanwings, which is owned by the Lufthansa Group, launched the low cost flights in April, as a seasonal service which ran until last month. The German route was seen as an important part of a strategy to bring more tourists to Wales. Visit Wales, the tourism arm of airport owner the Welsh Government, was closely involved in securing the Dusseldorf flights.
Cardiff Airport is still trying to renew the service for 2015.
The reports circulating today regarding the service for next year are misleading as we are in discussions with a number of airlines – including Germanwings
However, Germanwings confirmed to ITV News Cymru Wales that the airline has pulled out of Cardiff.
In 2015 we will not operate on the route Dusseldorf-Cardiff.
The Welsh Government has been asked to comment. The Conservative opposition in the Assembly see this latest development as a further sign of trouble for the Welsh Government's running of Cardiff Airport, which it bought for £52 million.
This is very worrying news for Wales’ state-owned airport, following the recent withdrawal of Cityjet flights to Glasgow and a downward trend in annual passenger numbers.
This route was only launched seven months ago to great fanfare as a way to tap into the German market to bring more tourists to Wales. The fact that Germanwings has pulled out of Cardiff Airport altogether so soon suggests a complete failure to properly market Wales to German travellers and improve business links between Wales and Germany.
Labour ministers must engage with Cardiff Airport’s remaining carriers to maintain and expand their route options and focus on attracting new airlines to restore confidence in Wales’ flagship airport.
A North Wales food company is creating ninety jobs in north Wales.
KK Fine Foods, which makes ready meals, is based on the Deeside Enterprise Zone.
It announced a £4.2m factory expansion back in October.
The company has received support from the Welsh Government and Finance Wales.
It is the largest investment made by KK Fine Foods to date.
Paper manaufacturer UPM plans to cut 130 jobs at its paper mill in Shotton, Flintshire.
The firm announced it will close one newsprint machine at the plant, along with similar closures in France and Finland.
A consultation will begin with its 370-strong workforce next week.
The company blamed "overcapacity" in its European paper business.
Colwyn Bay has been awarded Great British High Street of the Year in the Coastal Category.
Judges recognised it as a fantastic example of a High Street that looks to the future whilst making the most of its heritage.
Footfall in the town has risen by 30% in the last two year and 52 new shops have opened.
The award will be presented at an official ceremony in December.
A task force led by Economy Minister,Edwina Hart, has met this morning to discuss the future of workers hit by the closure of the Murco oil refinery in Pembrokeshire. Four hundred workers are due to lose their jobs after a deal aimed at securing the refinery's future has collapsed. A statement from the Minister is expected tomorrow.
Plaid Cymru MEP Jill Evans has called on the UK Government to apply for European funding to help the 400 workers facing redundancy with the closure of the Murco refinery in Milford Haven. Production there is expected to end after a sale to a Swiss company fell through.
Jill Evans wants Welsh Secretary Stephen Crabb, who's also the local MP, to get the UK Government to apply for funding from the European Union's Globalisation Adjustment Fund. It supports workers who lose their jobs and small businesses which close down as a result of changes in world trade and the global economic crisis.
Any payment from the fund would reduce the size of Britain's EU rebate.
The Secretary of State for Wales has called this 'a hammer blow for the local economy'. That merits the strongest response and I call on him to ensure the UK government does not block an application to the globalisation adjustment fund.
Retailer John Lewis launches its eagerly-anticipated Christmas advert today featuring a reworked song written by John Lennon.Read the full story ›