Category Archives: Business

Oil prices dip as Yemen fears fade – live updates

Brent crude falls 1.7% as fears over Yemen and a broader Middle Eastern conflict subside Continue reading…
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Posted in Business, Economics, Euro, Europe, Eurozone crisis, Financial crisis, Financial sector, Oil, World news, Yemen | Comments Off

Kipper Williams on the new London black cab factory

The Chinese owner of the London Taxi Company is expanding production, including a new factory making super low-emission cabs Continue reading…
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Airlines change cockpit rules after co-pilot blamed for Germanwings crash

Mystery of flight 4U9525 solved after prosecutor reveals Andreas Lubitz had locked pilot out of cockpit and activated descent into French Alps Continue reading…
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  1. Germanwings crash prompts airlines to introduce cockpit ‘rule of two’
  2. One pilot ‘locked out’ of Germanwings plane’s cockpit, claims New York Times
  3. Voices heard on recorder from cockpit of Germanwings plane crash
Posted in Air transport, Airline industry, Business, Europe, France, Germanwings flight 4U9525, Germany, Spain, Top News, World news | Comments Off

Germanwings crash prompts airlines to introduce cockpit ‘rule of two’

Some airlines say they will change rules to ensure two crew are always in cockpit after Airbus A320 pilot is locked out before crash

Some airlines are to change their rules to ensure two crew members are in plane cockpits at all times, after a co-pilot appeared to deliberately crash a Germanwings plane into the French Alps this week, killing all 150 on board.

Questions have been raised about the lack of a “rule of two” among European carriers after Andreas Lubitz, 28, apparently crashed the Airbus A320 on Tuesday while the captain was locked out of the flight deck.

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  1. One pilot ‘locked out’ of Germanwings plane’s cockpit, claims New York Times
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  3. Germanwings plane black box found as mystery surrounds Alps crash
Posted in Air transport, Airline industry, Business, easyJet, Europe, France, Germanwings flight 4U9525, Germany, Spain, World news | Comments Off

Cameron pledges no increase in VAT

Prime minister echoes Labour’s promise to keep VAT at current level, but Tories’ plans would bring deep cuts in public spending

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Posted in Business, David Cameron, Economics, Ed Miliband, General election 2015, Institute for Fiscal Studies, Politics, Tax and spending, Thinktanks, UK news, World news | Comments Off

BT returns to mobile-phone market with airtime deals

Telecoms company will not offer handsets but sim cards and subscriptions, to act as a lure for its broadband service and TV services Continue reading…
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Posted in BT, BT Sport, BT TV, Business, Consumer affairs, Media, Mobile phones, Money, Technology, Telecommunications industry, Telecoms, UK news, World news | Comments Off

Greens to question Foreign Investment Review Board over Adani coal venture

Senate hearings to question alleged links between firm behind Queensland’s Abbot Point coal port, a Cayman Islands company and a $1bn rorts investigation

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Posted in Annastacia Palaszczuk, Australia news, Australian Greens, Australian politics, Business, Campbell Newman, Coal, Environment, Fossil fuels, Labor party, Mining, Queensland, Queensland politics, World news | Comments Off

AA plans £200m share sale in effort to cut debts

Car breakdown service also plans to refinance more expensive loans and to pay first dividend, totalling £50m, in current financial year

The AA is planning to raise £200m from shareholders as part of a broader plan to reduce its huge debts and start paying a dividend.

The car breakdown service said the share sale would be accompanied by a £735m refinancing of debt as it seeks to replace a more expensive form of debt taken on before it floated on the stock market in June 2014. Total net debt was almost £3bn at the end of January.

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ACCC slaps down Andrew Forrest’s call for cap on iron ore production

Competition watchdog warns against ‘attempts to engage in cartel conduct’ and Joe Hockey says idea is not acceptable after it received support from Julie Bishop

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Posted in Andrew Forrest, Australia news, Australian politics, Bronwyn Bishop, Business, Julie Bishop, Mining, World news | Comments Off

Greece pledges full list of reforms within the week

Promise comes as German foreign minister declares ties between Berlin and Athens have improved

Greece has pledged to pull together a comprehensive list of reforms by the start of next week, in an attempt to unlock fresh funds before Athens runs out of cash in April.

Government spokesman Gabriel Sakellaridis said on Tuesday that the programme demanded by Greece’s increasingly impatient creditors would be finished within days.

“Greece is a long-festering problem that was mishandled from the beginning by all parties.”

The improvement provides welcome news to a region awaiting signs that the ECB’s quantitative easing is stimulating the real economy.

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Posted in alexis tsipras, austerity, Business, Currencies, Economics, Euro, Europe, European Central Bank, European monetary union, European Union, eurozone, Eurozone crisis, Financial crisis, Financial sector, Germany, Greece, World news | Comments Off