Business

Image copyright Getty Images Planes owned by failed airlines could to be used to repatriate passengers – instead of being immediately grounded – under government plans. Proposed legislation would enable collapsed carriers to be placed into “special administration”, it said. This would mean aircraft and crew could continue flying in the short-term. Under the existing […]

General Motors has missed out on $1.13 billion in profits due to the 25-day strike that has largely shut down its U.S. production facilities, according to a new economic analysis. The Lansing, Michigan-based Anderson Economic Group also estimates that workers have lost around $624 million in wages since the strike began Sept. 16. That figure

Image copyright Getty Images The US Federal Aviation Administration (FAA) did not adequately review the new automated safety system in Boeing’s 737 Max, an international panel has found. The panel said the FAA delegated too much oversight to Boeing, while the planemaker had provided confusing information about the system, which has been linked to two

Image copyright Reuters Image caption Mr Bolloré was only appointed chief executive in January French car manufacturer Renault has dismissed its chief executive, Thierry Bolloré, with immediate effect. The current finance director, Clotilde Delbos, has been appointed to run the business on an interim basis. Renault’s move comes close on the heels of the decision

Image copyright Getty Images The government has awarded £86.6m of contracts to ferry companies to transport medicines in the event of a no-deal Brexit. Brittany Ferries, DFDS, P&O and Stena Line will be able to deliver those supplies from 31 October, it said. The contracts are aimed at making sure deliveries of vital products continue,

Image copyright Getty Images More than 900 people have had their travel plans disrupted after last-minute cancellation of FlyLolo flights from Glasgow Airport. The airport said four flights – three to Tenerife and one to Lanzarote – with about 230 passengers booked on each would not go ahead. The operator apologised but said it was

Image copyright Getty Images Contactless payments have become so popular among UK consumers that they accounted for half of all debit card transactions in July. It is the first time the 50% level has been reached, according to figures from banking trade body UK Finance. Contactless allows consumers to pay by placing their card, or

Image copyright PA Media Sterling surged on Friday to a three-month high amid investor optimism about a last-minute Brexit deal between Britain and the European Union. Against the dollar the pound rose 2% to $1.2685, and against the euro was up 1.4% at 87.2p. The currency has rallied more than 3% since Thursday, its biggest

Image copyright Getty Images Facebook’s UK arm paid £28.5m in tax in 2018 as revenues hit a record £1.65bn on the back of strong advertising growth. The social media firms’s latest UK accounts show that profits last year jumped by 54% to £96.6m. Facebook’s total tax charge on those profits almost doubled to £30.4m, but

Image copyright PAcemaker Image caption Wrightbus workers celebrate with champagne on hearing news of the deal A deal has been reached in principle for the sale of Wrightbus. Bidder Jo Bamford said agreement had been reached with “the Wright family for the Wrightbus factory and land”. “We are still to conclude a deal with the