Category: 3. Business

Social sustainability matters equally: the facility will maintain over 400 high-quality jobs, including former newsprint employees. It will actively participate in local education and training, creating opportunities for future workers.

“Sustainability is fundamental to Eren Holding’s corporate culture and ethical responsibility,” notes Dr. Ilhan. “Our business model minimizes environmental impact, promotes social development and adheres to ethical practices, aligned with the Sustainable Development Goals. This includes protecting natural resources, investing in people and adopting sustainable technologies. The group has long supported social development in Turkey through education, female employment, public health and cultural activities—a commitment we will maintain in Britain.”

The financial pillars of sustainable industrial transition

Work on Shotton Mill’s refurbishment is making good progress, with the opening expected in early 2026. The facility will occupy over 85 hectares, producing more than 750,000 tonnes of recycled cardboard and 67,000 tonnes of tissue paper annually with the total investment exceeding  £1BN.

Seventeen European institutions participated in the financing process. The BBVA Group’s Turkish franchise played a key role as green loan coordinator and security agent. The project recently won a Sustainability Global Award 2025, recognizing sustainable businesses. The Welsh Government contributed €15m in form of incentive, while UK Export Finance provided nearly £200m as loan.

All efforts aim to keep Britain’s industrial heart alive, strengthening North Wales’s employment and social fabric while driving the transition towards environmentally sustainable industry that generates less waste, consumes cleaner energy and contributes to a greener, more circular British economy. “Our short-term goals are clear,” adds Dr. Ilhan. “Create over 400 skilled jobs, operate Britain’s largest recycled paper plant, significantly reduce carbon dioxide emissions throughout the process and strengthen local supply chain resilience.”

Medium and long-term challenges prove more ambitious. “We see ourselves operating as a leading European paper production centre in the circular economy, a plant where renewable energy and full wastewater recycling are fully integrated into all operations, and an industry capable of creating hundreds of new jobs through operational expansion, promoting green sector employment and consolidating Shotton’s role in sustainable British manufacturing.”

The new composition of the share capital of Prysmian S.p.A. (the “Company”) is hereby announced, as resulting from the implementation of the resolution for a free share capital increase adopted by the Company’s Extraordinary Shareholders’ Meeting held on 16 April 2025. This increase is in support of the share purchase plan reserved for employees of the Company and of companies within the Prysmian Group.

More precisely, the Company issued today no. 2,454 ordinary shares.

The notice of change in share capital has been filed today with competent Companies’ Register.

The updated Company’s by-laws is available since today, on the Company’s website at www.prysmian.com and in the mechanism for the central storage of regulated information at www.emarketstorage.com.

In the first 9 months of 2025, the average monthly imports of petroleum oil in the EU decreased by 18.3% in value and 6.6% in volume compared with the monthly average for 2024.

In contrast, the value of imported liquefied natural gas increased by 36.1%, and the volume rose by 25.9%.

The value of imported natural gas in gaseous state increased by 3.1%, while the volume fell by 4.9%.

Source dataset: Comext and Eurostat estimates

The United States and Norway – key energy suppliers in Q3 2025

In the third quarter of 2025, the main suppliers of petroleum oil to the EU were Norway (14.6%), the United States (14.5%) and Kazakhstan (12.2%).

The majority of liquefied natural gas (59.9%) was imported from the United States, with another 12.7% coming from Russia and 7.7% from Algeria.

Norway was the main supplier of natural gas in its gaseous state (51.8%). Algeria was the second-largest supplier (14.6%), followed by the United Kingdom (13.4%).

Source dataset: Comext and Eurostat estimates

This article presents key results from the Global Value Chains survey on international sourcing. International sourcing, often referred to as outsourcing, involves the partial or full relocation of business activities by enterprises to affiliated or non-affiliated partners located abroad. The results provide insight into how European enterprises organise their activities and how this affects jobs and production within the EU. The data cover the three-year reference period 2021–2023, were collected in 2024, and are cumulative over the full reference period and comparable across countries.

Between 2021 and 2023, 72.8% of EU enterprises that engaged in international sourcing moved their business functions to other EU countries. Outside the EU, the largest sourcing destinations were India (18.6%) and the United Kingdom (17.1%). 

The main motivational factors for international sourcing included reduction of labour costs (for 34.1% of sourcing enterprises), reduction of other costs (27.8%), or focusing on their core business (20.3%). 

Enterprises that source abroad most frequently move administrative and management functions (47.4%) and information and communication technology and services (28.7%), reflecting the increasing tradability of service functions.

Source dataset: gvc_sobfbp

These figures present the first official results of the Global Value Chains (GVC) survey carried out across 22 EU countries and Norway. This article presents a handful of findings from a more detailed Statistics Explained article on international sourcing, business functions and global value chains.

Job impact of international sourcing 

During 2021-2023, enterprises in 22 EU countries reported that due to international sourcing 52 853 jobs were created (0.08% of all jobs in enterprises with 50+ employees) and 152 023 jobs were lost (0.22%). While individual job impacts remain small (99 170 net jobs lost, or 0.14% of total jobs), their cumulative effect over time should not be overlooked.

Overall, the majority of lost jobs were in the production of goods and materials (-53 577 jobs; -0.30% of all production jobs) and administrative and management work (-33 818 jobs; -0.33%). However, these business functions also created new jobs in the EU due to international sourcing, with gains of 12 762 jobs (+0.07%) in administrative and management, and 12 493 jobs in production (+0.13%).

In relative terms, information and communication technology services lost the highest share of jobs to international sourcing (-0.46%; -15 308 jobs), followed by research and development jobs (-0.37%; -4 858 jobs). However, these sectors also experienced the largest relative gains, as 0.24% of research and development jobs were created by international sourcing (+3 135 jobs) and 0.21% of information and communication technology jobs (+6 869 jobs).

Source dataset: gvc_sojobbf

WhatsApp users are being targeted by scammers in a new “GhostPairing” attack. Recently uncovered by cybersecurity brand Avast, this new scam convinces users to grant attackers access themselves, and it can be months before the individual is aware that anything has happened.

Rather than stealing passwords, as has been typical with these types of scams in the past, experts are warning that it can even lead to deeper fraud, as the scammer’s access to private conversations, voice notes, and photos creates opportunities for impersonation, targeted scams, and extortion.

How “GhostPairing” works

The scam begins with the victim receiving a message from a trusted contact, typically something along the lines of “hey, I found your photo” accompanied by a link.

When users tap the link, they’re then shown a fake Facebook-style page that asks them to “verify” before viewing the image. What appears to be a harmless security step is actually WhatsApp’s own device-linking flow.

By entering a legitimate pairing code, victims unknowingly add the attacker’s browser as a linked device, granting criminals ongoing access to messages, photos, and contacts without requiring a password change or account lockout.