A report by Cardiff University says the Welsh Government could increase revenue by cutting taxes - once the powers are devolved to Wales.Read the full story ›
The Ford factory at Bridgend has built its 20-millionth engine, 37 years after the first one was produced.
The company hailed the achievement weeks after announcing it will be cutting back on future investment.
Ford is reducing investment in a new engine at Bridgend from £181 million to £100 million, but says there will be no redundancies.
Bridgend has a proud record of high-quality engine production and I'm delighted to celebrate this significant milestone with the team that builds them.
Today the plant builds a range of high-tech EcoBoost products, and we continue to invest in Bridgend, with the plant confirmed to build the next generation of fuel-efficient petrol engines.
Council tax arrears is now the largest debt issue seen by Citizens Advice in Wales, according to a new report.Read the full story ›
The Secretary for Economy and Infrastructure has told ITV News there is 'huge potential' for companies in Wales to take advantage of the Hinkley point project, which was given the go ahead by the government earlier today.
Ken Skates AM said it is 'positive news' for the Welsh supply chain and the government here will be working to capitalise on the announcement.
"It's very early days in terms of estimates but there's huge potential. Which is why we want to be there right at the front of the queue banging on the door to capture as much work there as possible for Welsh companies", he said.
Around 25,000 jobs are believed to be created by the project, which was first announced in 2008 as one of eight new nuclear power stations by the then Prime Minister Gordon Brown.
The estimated cost will be around £18 billion pounds - a price split between French company EDF and China General Nuclear Power.
Read more: Hinkley Point: Explained
The company behind plans to build a nuclear power station on Anglesey has welcomed today's news that the government has given the go ahead for a nuclear plant in Somerset.
“New nuclear is vital for the UK’s future electricity mix and so today’s announcement on Hinkley Point C is good news for the country’s security of supply and clean energy needs.
"The emphasis must now be on delivering the Government’s vision of a wider nuclear programme in the UK and we remain focused on continuing to make strong progress with our lead Wylfa Newydd project. This includes clearing our tried and tested reactor technology for deployment in the UK, consulting across North Wales on our plans and the huge economic opportunities they will deliver, and working with Government on a deal that delivers at a fair and acceptable price for all.”
The Welsh Government's small business rates relief scheme will be extended next year with a permanent scheme coming into force from 2018.Read the full story ›
The Welsh Government's budget could be cut by 3.2% in real terms over the next three years, according to the Institute for Fiscal Studies.Read the full story ›
Tata Steel has slumped to a net loss of £358 million for the quarter to June amid continued uncertainty over its UK operations.Read the full story ›
The Welsh Government has published details of its proposed Land Transaction Tax. It will replace Stamp Duty paid on property sales.Read the full story ›
Unite Wales has called on Ford to "end the silence" over the future of the Bridgend engine plant.
This follows Ford's announcement that the production of the new Dragon engine is to be halved but the company insists production at the plant 'remains healthy'.
Bridgend Engine plant has a world class workforce and the plant deserves to have a long term secure future. Ford must end the silence and set out how it envisages Bridgend playing a key role in its global production strategy. Unite will never roll over and accept the slow demise and ultimate death of the plant. We are calling upon Ford, at the very highest levels of the company, to talk with us about how we can work together to secure a sustainable way forward for the plant, that builds upon its enormous strengths.
Ford says it will continue to constantly review capacity and demand and 'deal with the reality' of its business and market competition, taking 'whatever action needed to build a vibrant and sustainably profitable Ford business in Europe'.