Business

Media playback is unsupported on your device Media caption‘We’re confident on the plane’s safety’ Boeing has admitted it “fell short” when it failed to implement a safety alert system on the 737 Max. The aircraft was grounded globally in March after two crashes within months. Boeing boss Dennis Muilenburg said a mistake had been made […]

JPMorgan Chase on Thursday agreed to pay $5 million to settle charges that its paid parental leave policy discriminated against men. The money will be divided up among any male employees at the bank who were denied or discouraged from taking “primary caregiver” leave from 2011 to 2017. The class action case was initiated two

Image copyright Getty Images Brazil’s economy shrank in the first three months of the year for the first time since 2016, when the country was in recession. It contracted by 0.2% compared with the last three months of 2018. Compared with a year ago, it grew by 0.5%. The fall comes at time when Brazil’s

Image copyright Chevron Image caption Captain is one of the assets being sold Chevron is set to become the second major oil firm in six weeks to pull out of exploration and production in the North Sea after agreeing the sale of its assets for $2bn (£1.58bn). The deal with Israeli-owned oil firm Ithaca Energy

Media playback is unsupported on your device Media caption“I’m not bitter.” The former owner of the Daily Telegraph, Conrad Black, has said he plans to return to the UK House of Lords after the US president pardoned him for a fraud conviction. Lord Black spent more than three years in a US jail and was

Image copyright Getty Images Sail up the Pearl River from Hong Kong, and you come to the industrial city of Dongguan, where you’ll find what may be the world’s biggest paper mill, larger than 300 football pitches. It’s owned by Nine Dragons, a recycling company started by Zhang Yin, also known as Cheung Yan, once

Image copyright PA People with long-standing debts on credit cards are receiving letters encouraging them to make more than the minimum payments. Rules set by the City regulator mean that many people will now be receiving a second reminder suggesting they speed up repayments. Providers could suspend cards if borrowers fail to take action by

Image copyright Getty Images Image caption BMW’s mini factory in Oxford was closed during April to prepare for a Brexit which didn’t happen Factory shutdowns designed to cope with disruption from a 29 March Brexit, slashed UK car production in April by almost a half. Even though Brexit is delayed the factories still closed and

First Group has signalled it is considering breaking itself up by seeking a buyer for its Greyhound buses operations in the US. The Aberdeen-based company, under fire from an activist investor, is also looking at the sale of its UK buses arm, First Bus. Matthew Gregory, chief executive since November, provided the update as the

Image copyright Getty Images The proportion of low-paid workers in Britain has fallen to its lowest level since 1980, a think tank has said, with young adults particularly benefitting. The number of low-paid workers dropped by 200,000 last year, with 120,000 of them aged between 21 and 30, the Resolution Foundation said. It said the