Almost a third of Prax Lindsey oil refinery workers to lose jobs

The GuardianTuesday, September 30, 2025 at 1:02:49 PM
Almost a third of Prax Lindsey oil refinery workers to lose jobs
The Prax Lindsey oil refinery in Lincolnshire is facing significant job losses, with nearly a third of its workforce set to be laid off by the end of October. This decision, announced by the Insolvency Service, comes after the refinery went into administration earlier this summer. With 125 roles being made redundant, the impact on the local economy and the lives of those affected is substantial, highlighting the ongoing challenges in the energy sector.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Trump administration plans TrumpRx.gov launch in early 2026
PositiveFinancial Markets
The Trump administration is set to launch TrumpRx.gov in early 2026, a new initiative aimed at improving access to affordable medications for Americans. This platform is expected to streamline the process of finding and purchasing prescription drugs, potentially lowering costs for many families. The initiative reflects a growing focus on healthcare affordability, which is a critical issue for voters. As the launch date approaches, many are eager to see how this program will impact the healthcare landscape.
Trump administration plans TrumpRx.gov launch in early 2026
PositiveFinancial Markets
The Trump administration is set to launch TrumpRx.gov in early 2026, a new initiative aimed at improving access to affordable medications for Americans. This platform is expected to streamline the process of finding and purchasing prescription drugs, potentially lowering costs for many families. The initiative reflects a growing focus on healthcare affordability, which is a critical issue for voters. As the launch date approaches, many are eager to see how this program will impact the healthcare landscape.
Trump administration begins detailing shutdown plans as deadline nears
NeutralFinancial Markets
As the deadline for a potential government shutdown approaches, the Trump administration is starting to outline its plans. This is significant because a shutdown could impact various federal services and programs, affecting millions of Americans. Understanding these plans helps citizens prepare for any disruptions that may arise.
Trump administration begins detailing shutdown plans as deadline nears
NeutralFinancial Markets
As the deadline for a potential government shutdown approaches, the Trump administration is starting to outline its plans. This is significant because a shutdown could impact various federal services and programs, affecting millions of Americans. Understanding these plans helps citizens prepare for any disruptions that may arise.
Trump administration seeks to make Harvard ineligible for federal funding
NegativeFinancial Markets
The Trump administration is taking steps to make Harvard University ineligible for federal funding, a move that could significantly impact the institution's financial resources and academic programs. This decision stems from ongoing tensions between the administration and elite universities, particularly regarding their admissions policies and perceived biases. If successful, this action could set a precedent for how federal funding is allocated to educational institutions, raising concerns about academic freedom and the future of higher education in the U.S.
Trump administration seeks to make Harvard ineligible for federal funding
NegativeFinancial Markets
The Trump administration is taking steps to make Harvard University ineligible for federal funding, a move that could significantly impact the institution's financial resources and academic programs. This decision stems from ongoing tensions between the administration and elite universities, particularly regarding their admissions policies and perceived biases. If successful, this action could set a precedent for how federal funding is allocated to educational institutions, raising concerns about academic freedom and the future of higher education in the U.S.
Trump administration scraps Biden gun export restrictions
PositiveFinancial Markets
The Trump administration has decided to eliminate the gun export restrictions that were put in place by the Biden administration. This move is significant as it reflects a shift in policy that could impact international arms sales and the global arms trade. Supporters argue that it will bolster the U.S. defense industry and enhance national security, while critics worry about the potential for increased violence abroad. This decision is likely to stir debate among lawmakers and the public about the balance between security and regulation.
Trump administration scraps Biden gun export restrictions
PositiveFinancial Markets
The Trump administration has decided to eliminate the gun export restrictions that were put in place by the Biden administration. This move is significant as it reflects a shift in policy that could impact international arms sales and the global arms trade. Supporters argue that it will bolster the U.S. defense industry and enhance national security, while critics worry about the potential for increased violence abroad. This decision is likely to stir debate among lawmakers and the public about the balance between security and regulation.
H-1B Visas Have Problems. Trump’s $100,000 Fee Won’t Fix Them.
NegativeFinancial Markets
The article discusses the ongoing issues with the H-1B visa program, highlighting that despite proposals aimed at curbing its abuse, the Trump administration's recent changes, including a hefty $100,000 fee, fail to address the core problems. This matters because the H-1B program is crucial for many skilled workers and companies, and ineffective reforms could lead to continued exploitation and challenges in the labor market.
H-1B Visas Have Problems. Trump’s $100,000 Fee Won’t Fix Them.
NegativeFinancial Markets
The article discusses the ongoing issues with the H-1B visa program, highlighting that despite proposals aimed at curbing its abuse, the Trump administration's recent changes, including a hefty $100,000 fee, fail to address the core problems. This matters because the H-1B program is crucial for many skilled workers and companies, and ineffective reforms could lead to continued exploitation and challenges in the labor market.
US set for largest mass resignation in history as Trump continues deep cuts
NegativeFinancial Markets
The Trump administration is facing a historic challenge as over 100,000 federal workers prepare to resign, marking the largest mass resignation in U.S. history. This wave of departures is driven by the administration's controversial deferred resignation program, leaving many employees feeling they have no choice but to leave their positions. This mass exodus not only highlights the discontent among federal employees but also raises concerns about the impact on government operations and public services, making it a significant event in the political landscape.
US set for largest mass resignation in history as Trump continues deep cuts
NegativeFinancial Markets
The Trump administration is facing a historic challenge as over 100,000 federal workers prepare to resign, marking the largest mass resignation in U.S. history. This wave of departures is driven by the administration's controversial deferred resignation program, leaving many employees feeling they have no choice but to leave their positions. This mass exodus not only highlights the discontent among federal employees but also raises concerns about the impact on government operations and public services, making it a significant event in the political landscape.
Latest from Financial Markets
Dollar, Equity-Index Futures Decline on US Shutdown
NegativeFinancial Markets
The recent decline in contracts for the S&P 500 and Nasdaq 100 indexes signals growing concerns over a potential US government shutdown, which could have significant economic implications. As the deadline to avert this shutdown has passed, the dollar is also feeling the pressure, hovering near a one-week low. This situation is crucial as it reflects investor sentiment and could impact market stability.
FTSE 100 Set to Dip, Pound Rises
NeutralFinancial Markets
The FTSE 100 is expected to dip as market analysts predict a slight downturn, while the British pound is experiencing a rise against other currencies. This situation reflects ongoing economic adjustments in the UK, which could impact investor confidence and trading strategies. Understanding these fluctuations is crucial for investors looking to navigate the current financial landscape.
Bernstein initiates Borouge stock with Market Perform rating
NeutralFinancial Markets
Bernstein has initiated coverage of Borouge with a Market Perform rating, indicating a cautious outlook on the company's stock performance. This move is significant as it reflects Bernstein's assessment of Borouge's market position and potential growth, which could influence investor decisions and market dynamics.
UBS initiates Vikram Solar stock with Neutral rating, cites capex risks
NeutralFinancial Markets
UBS has initiated coverage of Vikram Solar with a neutral rating, highlighting potential risks associated with capital expenditures. This is significant as it reflects UBS's cautious stance on the company's financial outlook, which could influence investor sentiment and market performance.
UBS downgrades Nykaa stock rating to Neutral on slower beauty margin growth
NegativeFinancial Markets
UBS has downgraded Nykaa's stock rating to neutral due to concerns over slower growth in beauty margins. This decision reflects the challenges Nykaa faces in maintaining profitability in a competitive market. Investors should pay attention to this shift as it may impact the company's future performance and stock value.
Instant View: India central bank keeps repo rate steady as widely expected
NeutralFinancial Markets
The Reserve Bank of India has decided to maintain the current repo rate, a move that aligns with market expectations. This decision is significant as it reflects the central bank's approach to managing inflation and supporting economic growth. By keeping the rate steady, the RBI aims to provide stability in the financial markets, which is crucial for both consumers and businesses.