UK banks hold sufficient capital to cope with no-Brexit and Trump trade war, BoE says 

Hitachi commences sale of $5.6 billion chemical unit 

Cybersecurity firm McAfee’s IPO could raise at least $1 billion: Reports 

Hitec Vision, Oman’s Petrogras to acquire Total’s British North Sea oilfields for $635 million


Amazon on hiring spree; plans 2,000 permanent jobs in the UK this year


Chancellor Philip Hammond described the move as a ‘vote of confidence in the British economy’.

Amazon will create more than 2,000 permanent jobs this year in the UK, leading up to an overall workforce of nearly 30,000, according to media reports. Chancellor Philip Hammond described the move as a ‘vote of confidence in the British economy’. 

Amazon said that the new jobs will be at its UK head office in London, and will be assisting teams in research and development and Amazon Web Services.

The company will create more than 170 of these new jobs in Amazon’s development centers in Cambridge, Edinburgh, and London. Its new corporate office which opened in Manchester is also hiring. 

Last year, the company additionally included 2,500 permanent jobs in the country, also its biggest market in the European region, media reports said. 

Amazon announced this week that it would again create 1,800 permanent jobs this year in France. France happens to be its second-biggest European market. 

Since 2010, Amazon has invested nearly $11.7 billion in its UK operations. 

“We are delighted to be able to continue to invest and grow our U.K. business,” Doug Gurr, head of Amazon’s UK operations, said in a statement. “The UK is a fantastic hub for global talent and the exciting, innovative work that takes place here benefits Amazon’s customers around the world.”

The company is also planning to build a 43-story tower near Seattle. The proposed tower is still in its planning stages, and will have about 1 million square feet of office space. The plan is expected to be completed by 2024. 

Leave a Comment