Sudbury to mine cyberspace
Will there be mining in cyberspace? The newest development in the Sudbury area mining supply cluster says “yes.” A new organization of Sudbury programmers is ready to move the region’s suppliers into cyberspace. CodeOp was launched on March 15 to make Sudbury the cyberspace capital of Northern Ontario. Sudbury is already a technology centre, and Sudbury coders have a long history of working on programs for the mining industry.
LONDON (MNI) - The UK labour market is suffering from intensifying skill shortages while pay awards are stuck in a 2 to 2.5% range, according to the Bank of England Agents' updated May report. The BOE agents found that employers recruitment intentions were little changed and suggested very modest jobs growth over the next six months. Skill shortages were reported across a widening range of activities, but this has not fed through to a pick-up in pay.
LONDON (MNI) - The National Institute of Economic and Social Research predicts that UK inflation will peak higher than the Bank of England expects, but that the BOE Monetary Policy Committee will still leave Bank Rate on hold at 0.25% until the middle of 2019 as consumer spending stalls.