Unemployment reaches 11-year high

The number of people out of work in the UK in the three months to September jumped by 140,000 to 1.82 million - the highest in 11 years.
The unemployment rate rose to 5.8%, up from 5.4% in the previous quarter, according to official figures.
The number of people claiming the Jobseeker's Allowance rose by 36,500 to 980,900 in October - the highest monthly increase since 1992.
Economists say unemployment in Britain could soon reach the two million-mark.
The number of manufacturing jobs fell to 2.86 million, the lowest figure since records began in 1978.
The so-called claimant count - those claiming the allowance - has now increased for nine months in a row and is 154,800 higher than a year ago.

Read more at BBC NEWS

Punj Lloyd to build bio-ethanol plant in UK

Punj Lloyd subsidiary Simon Carves, a global EPC services provider in energy and infrastructure domains, has been engaged by the Ensus Group to design and construct what the company claims will be the world's largest wheat based bio-ethanol production facility.

According to an official release issued by the company to the BSE today, the facility will be built at the Wilton International site in Teesside, an integrated petrochemical complex in the North East of England.

The project will employ approximately 800 people during the construction phase and approximately 100 people once the plant is fully operational. This facility, will substantially underpin UK's entire target of bio-fuels, once the plant is fully operational, the release said.

Read more at Business Standard