Business

Economy

Ex-Boeing staff claims electrical faults ‘concealed’

A US campaign group has accused Boeing of concealing information about electrical problems on a plane that later crashed. A US campaign group has accused Boeing of concealing information about electrical problems on a plane that later crashed. The Foundation for Aviation Safety claimed the aircraft, which went down in Ethiopia in 2019, had suffered […]

Economy

Plan to hike windfall tax sparks energy jobs warning

The government plans to increase windfall taxes on oil and gas profits from 75% to 78%, among other measures Firms across the UK’s oil and gas supply chain have expressed “grave concern” about government plans to hike windfall taxes and eliminate investment incentives to an industry that supports 200,000 jobs. In an open letter to

Economy

Unruly passenger on your flight? The FBI is looking into it

The Federal Bureau of Investigation (FBI) is reviewing more than 40 cases of unruly passengers on airlines across the country. The Federal Bureau of Investigation (FBI) is reviewing more than 40 cases of unruly passengers on airlines across the country. The US Federal Aviation Administration (FAA) referred 43 cases of people misbehaving on airplanes to

Economy

Shein reveals child labour cases at suppliers

Shein has been tightening its supplier policies ahead of a potential stock market listing Chinese fast fashion giant Shein says it found two cases of child labour in its supply chain last year as it tightens scrutiny of the companies that make the clothes it sells. The firm says it temporarily suspended orders from the

Economy

Shops boosted by Euros and summer sales in July

Retailers reported a 0.5% rebound in July after the Euro 2024 football championship and summer discounting fuelled shopping. The increase follows a sharp fall in June, when sales volumes – which measure the quantity bought – were hit by poor weather. Department stores and shops selling sports goods shifted higher volumes of gear last month.

Economy

LNER train drivers to stage fresh weekend strikes

Train drivers at London North Eastern Railway (LNER) are set to strike every weekend in September, October and two in November, union bosses have announced Train drivers at London North Eastern Railway (LNER) are set to strike every weekend in September, October and two in November, union bosses have announced. Aslef, which represents train drivers,

Economy

X suspends business in Brazil over censorship row

X, formerly known as Twitter, has closed its office in Brazil over a censorship row. The social media platform said a Brazilian Supreme Court judge, Alexandre de Moraes, threatened its legal representative in Brazil with arrest if it did not comply with his “censorship orders”. Brazil’s Supreme Court has not commented. People in Brazil are

Economy

A new Kashmir rail bridge that could be a game-changer for India

The world’s highest single-arch rail bridge is set to connect the valley region in Indian-administered Kashmir with the rest of the country by train for the first time. It took more than 20 years for the Indian railways to finish the bridge over the River Chenab in the Reasi district of Jammu. The showpiece infrastructure

Economy

Boeing names new CEO after losses more than triple

Boeing 777 freighters and 777X under construction at its Washington state factor Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from

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