BrewDog closes urban location amid rising costs
A Scottish craft brewery that has its United States headquarters in Central Ohio is closing its Cincinnati location.
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The National
38 minutes ago
- The National
Kate Forbes: The world is ignoring those who talk Scotland down
It's why we talk about a Team Scotland approach to economic growth – finding solutions, fixing problems and delivering results. The various moving parts of Team Scotland work together to attract, secure and support investment in exciting opportunities. With various public and private sector partners, Team Scotland works together to create momentum. Despite persistent global headwinds, recent data from EY highlighted Scotland's attractiveness to global investment, and comparatively greater resilience in the face of general economic turbulence. EY's data places Scotland firmly as the UK's top destination for foreign direct investment (FDI) outside of London – for the tenth year in a row – while Aberdeen, Edinburgh and Glasgow remain among the top six UK cities for FDI projects. Although the total number of new projects in Scotland fell 4.9% from record figures in 2023, that number is marginal compared to a drop of 13% in the rest of the UK, 14% in France and 17% in Germany. READ MORE: Scottish Government announces £23.5 million for active travel programmes Despite a slight dip in the total number of projects in 2024 (135 projects, down from a record 142 in 2023), Scotland's share of overall UK projects actually increased to 15.8% (from 14.4% in 2023). This shows Scotland's relative strength compared to broader declines in FDI across the UK and Europe. EY's survey of global investors found that a quarter of those planning to invest in the UK are targeting Scotland, maintaining the country's long-standing position in investors' eyes as the UK's preferred FDI destination outside of London. I recently visited the Glasgow offices of Canadian IT and business consulting services firm CGI Inc, which employs around 750 people across its Glasgow, Edinburgh, Borders and Aberdeen offices, and has nearly 100,000 employees globally. CGI Inc is one of the many thriving international businesses choosing to call Scotland home. The fascinating ZeroAvia, hailing from the US (and developing full hydrogen-electric aircraft engines), is another new resident, along with the Australian not-for-profit ticketing hub Humanitix, who recently opened an office in Edinburgh. 2025 is bringing further significant investment and exciting projects to Scotland. I realise some may be wondering why this is important, or what Scotland's leading place in FDI means. How does FDI benefit the people of Scotland? FDI plays a crucial role in Scotland's economy, contributing significantly to job creation, economic growth, innovation and exports. Quite simply, foreign-owned companies in Scotland, although representing a smaller percentage of all businesses, have a disproportionately large impact on the economy. READ MORE: Scottish Government launches new 'milestone' plan for disability equality These companies account for a substantial share of employment in Scotland, contributing significantly to job creation. These jobs often offer higher average wages than those in domestically owned businesses. Foreign-owned businesses contribute a disproportionately high percentage to Scotland's Gross Value Added (GVA), indicating that these companies possess high productivity and make an outsized economic impact. Inward investors have outstripped domestic businesses in investing in business research and development spending, which fosters innovation and technological advancement within the nation. These innovators also generate a large portion of the total business turnover in Scotland and become major drivers behind Scottish exports. FDI can bring new skills and management practices, which can 'spill over' and benefit domestic Scottish businesses through supply-chain opportunities, hiring and knowledge sharing. Geopolitical headwinds are clearly affecting investor confidence globally. Scotland's FDI resilience in the face of this crisis of confidence is an incredible endorsement of Scotland as a destination for global investment. Scotland's ability to maintain high project numbers and even increase its share of UK projects comes against a backdrop of a marked decline in FDI across Europe and the UK overall. READ MORE: Scottish Labour drop below Alba and Greens as by-election results called A huge amount of work, across both the private and public sectors, goes into securing these projects, which are vital for economic growth, job creation and bringing benefits across our towns and cities. It's a privilege to work with Team Scotland to secure these global opportunities, and the Scottish Government will continue to work with business partners to build our country's reputation as a world-class location for investment. In this digital and hyper-connected world, the continued pursuit of strategic inward investment will propel Scotland towards being a fairer and more prosperous nation. It's also a sign that investors from abroad don't listen to the relentless whingeing of the opposition in the Scottish Parliament about Scotland. Where the opposition see weakness, international allies see strengths.
Daily Record
40 minutes ago
- Daily Record
Immersive theatrical spectacular joins Edinburgh Fringe line-up this summer
This summer, prepare to be amazed as a brand new theatrical circus comes to Edinburgh. Part of the world-famous Edinburgh Fringe Festival, Spirit of the Favela is set to bring the vibrancy of Brazil to the Scottish capital for a limited run this summer. Making its debut at the Fringe, the immersive production promises to be unlike anything the festival has seen before - as an electric, pulse-raising tribute to the heart and soul of Rio de Janeiro's favelas. Running from July 28 to August 24, 2025, Spirit of the Favela will blend breathtaking artistry, powerful physical theatre, and the infectious rhythms of samba, funk, and street percussion to tell a story of community, resistance, and joy. Celebrating Brazil's favela communities With Spirit of the Favela, audiences can expect a true spectacle with a deeply human story at its core. Using movement, music and sheer physicality, it follows the lives of a young dreamer, Davi, growing up in a favela, where danger and hardship are met with rhythm, creativity, and fierce pride - showcasing the beating heart of real life in Brazil. When corporate giants threaten to demolish their community for mundane developments, the favela residents unite in a powerful stand, resulting in a mesmerising eruption on stage featuring live samba music, captivating dancers, and thrilling circus acts. Witness gravity-defying stunts, explosive group choreography, and visceral moments of stillness and emotion that speak louder than dialogue ever could. Creator and director of the show, Julia Kirilova, who is debuting her first independent production from Big Kid Entertainment with Spirit of the Favela, said: 'This is not a polished fairytale; Spirit of the Favela is raw, real, and utterly alive. 'It's the sound of a drum echoing through alleyways. The sparkle of carnival despite the chaos. It's people rising, dancing, flying.' Inside the Mirage But the heartfelt story and incredible performances are only where it begins, with the venue of the Mirage Spiegeltent being just as unique. A spectacle all on its own, the Mirage Spiegeltent is a grand cabaret-style tent, embodying the charm, sparkle and spirit of Brazil. Spiegeltents are often celebrated for their stunning aesthetics, featuring nostalgic designs and strategically placed mirrors throughout the tent to distort and reflect light, creating an otherworldly atmosphere. Combined with elements of wood and glass, guests can expect an immersive sensory experience where the line between performer and audience blurs; enjoy every flip, beat, and emotion as you sit close to the action. The impressive venue will be located at the Gyle Shopping Centre, near Edinburgh Airport, throughout the Fringe, making it one of the first stops that festival-goers encounter, bringing the magic of performance and prestige to more people across the city. The venue is also wheelchair accessible, and will be buzzing with energy from the moment you make your way through its arches. Get your tickets today Spirit of the Favela will run at the Mirage Spiegeltent, based at the Gyle Shopping Centre, EH12 9JY, from July 28 to August 24, 2025. Tickets are now available to purchase online here, with general admission priced at £20, plus a booking fee. The show will last for approximately 80 minutes and is suitable for ages 14 and over. So, this summer, don't miss out on the Fringe's electric new arrival, promising international flair, a live original soundtrack, and a heartfelt message that resonates globally — all wrapped in the fabulous adrenaline rush of performance and spectacle.
The National
43 minutes ago
- The National
Presiding Officer to step down at Holyrood 2026 election
Alison Johnstone has been in the role since 2021 and was the sixth person – and only the second woman – to hold the position. She entered politics in 2007 when she was elected as a Scottish Greens councillor in Edinburgh. READ MORE: Kate Forbes: Numbers prove that the world is ignoring those who talk Scotland down She was then elected as an MSP in 2011, and 10 years later became the first Scottish Greens party member to take up the role of Presiding Officer. Alison Johnstone (Image: PA) Announcing her decision to step down, Johnstone told The Times that "it was always my intention that this would be my last term in Holyrood". 'I came from a wholly non-political background and got involved in a campaign to save a school playing field," she said. 'I was not in a political party but campaigned for the creation of a Scottish parliament and I then worked as an assistant for Robin Harper, the first-ever Green parliamentarian in the UK elected to the first-ever Scottish parliament.' Most recently, Johnstone made headlines after she expelled former Scottish Tory leader Douglas Ross from the debating chamber after he refused to follow rules. Ross tried to bring the matter up a week later, and was slapped down again after he inferred Johnstone had not acted in a "neutral manner". READ MORE: UK Government 'set to proscribe Palestine Action after RAF protest' Holyrood's Presiding Officer is impartial – when MSPs take up the role, they give up their party affiliation. They are responsible for chairing meetings in the debating chamber, selecting which questions will be asked at First Minister's Questions, as well as chairing Scottish Parliamentary Corporate Body and Parliamentary Bureau meetings. The Presiding Officer is supported by two deputies – currently Annabelle Ewing (SNP) and Liam McArthur (LibDem). According to the Scottish Parliament website, the Presiding Officer receives a salary of £130,500.
