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New regulation from Ont. business act tries to give companies more opportunities to compete

Canadian Manufacturing

BURLINGTON — A new regulation under the Building Ontario Businesses Initiative Act, 2022 (BOBIA) will give Ontario companies more opportunities to compete for procurement contracts from public sector entities like hospitals, school boards and universities.

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Mackay manufacturer receives $500,000 grant to purchase new equipment and generate jobs

Manufacturer's Monthly

The purchase of this equipment will will expand its manufacturing capacity and grow the business, resulting in eight new jobs and upskilling 28 current employees. Key Solutions Group specialises in pipe welding, repairs and component manufacturing and is a major service provider to Mackay’s critical mining and agriculture sectors.

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Zero Trust State of the Industrial Enterprise Report

Gary Mintchell

Highlights: Manufacturers are worried about data sharing – 90% of respondents in the manufacturing industry are concerned with sharing data outside the organization, either via cloud services or with third parties. Get the full Zero Trust Report here.

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UK economy on brink of recession as Truss takes over, figures show

The Guardian Manufacturing

Activity in manufacturing and services fell last month as businesses struggle with soaring costs Liz Truss will become the UK’s next prime minister with the economy on the brink of recession, according to figures that show private sector activity fell last month as businesses struggle with soaring costs.

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UK recession risk grows as higher interest rates weigh on firms

The Guardian Manufacturing

Service sector and manufacturing output falls, with cost of living crisis also hitting businesses Business live – latest updates Britain’s economy is at growing risk of recession, with industry figures showing the sharpest monthly fall in private sector activity, outside of the Covid pandemic, since the financial crisis.

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Cairns steel fabricator business bolstered with manufacturing grant

Manufacturer's Monthly

A Queensland state Government manufacturing grant will enable Cairns manufacturer, CSF Industries to purchase Shotblaster equipment that will expand the manufacturing capacity and grow the business, resulting in as many as 15 new jobs over the next five years.

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UK economy shrinks by 0.5% in July amid wet weather and strikes

The Guardian Manufacturing

Manufacturing, services and construction sectors contract for first time since summer of 2022 Business live – latest updates The UK economy shrank in July by 0.5% amid industrial action and extremely wet weather, official figures indicate, heightening fears of a recession in the second half of the year. Continue reading.