Business

Image copyright Getty Images Boeing has said it still does not know how the crisis over the safety of its 737 Max 8 jets will affect its profits. In its latest set of results, Boeing said that due to the uncertainty over when the plane would be allowed to fly again, it could not forecast […]

It’s been nearly four years since leaked documents revealed Exxon Mobil Corp. understood that fossil fuel emissions caused the planet to warm before it began funding a Big Tobacco-style misinformation campaign to discredit climate science. Now the world’s largest publicly traded oil company will face public questions for the first time over its role in

Image copyright Brigitte Baudresson Image caption Pierucci’s five-year ordeal is a cautionary tale for globe-trotting executives In April 2013, as Frédéric Pierucci stepped off a plane at New York’s JFK airport during a routine business trip, he was seized and handcuffed by uniformed men. The 45-year-old executive for Alstom, a French energy and transport group,

DETROIT (AP) — U.S. securities regulators countered Tesla CEO Elon Musk’s contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge’s order and that one of his arguments “borders on the ridiculous.” Lawyers for the Securities and Exchange Commission, in a response to Musk, wrote that when the contempt motion

Image copyright Reuters Image caption Crossrail’s budget has risen by nearly £3bn since the project began London’s top transport boss should consider quitting, a report into Crossrail’s delays has recommended. The project, to build a new railway underneath central London, was due to open in December 2018 but it might not open until 2020 at

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production. Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that

Image copyright AFP Cathay Pacific has vowed to act after stories emerged of food, drink and other items being stolen from planes. Items such as mini tubs of Haagen-Dazs ice cream, bottles of champagne and cutlery are said to have gone missing. Reports said cabin crew were to blame, but the airline’s boss, Rupert Hogg,

Shaquille O’Neal will join the board of Papa John’s, making him the first African-American director at a company still suffering from its founder’s various scandals. O’Neal, an NBA Hall of Famer and actor who has been putting money into restaurants for years, will also invest in nine Papa John’s pizza locations around his hometown of

Image copyright TED Image caption Twitter founder Jack Dorsey answered questions at TED on problems with his platform at last week’s Vancouver conference Twitter has reported rising numbers of users and higher revenues, days after its chief executive promised to consider changes to the platform. The company’s revenue rose to $787m (£605m) in the first

Wow Air has ceased all operations, cancelling all of its flights and leaving thousands of passengers stranded. In the early hours of Thursday morning the Icelandic airline said it had halted all flights while completing an agreement with a group of investors over raising new funds. But the carrier, which connected Europe and North America