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Bombardier exits commercial aviation with A220 sale to Airbus

Feb 13, 2020

Once the third largest aircraft maker, Canada's Bombardier on Thursday announced the sale of its A220 stake to Airbus and the Quebec government, effectively exiting commercial aviation after a failed expansion.

Business

Jeff Bezos Pays Record $165 Million for David Geffen’s Beverly Hills Home

Feb 12, 2020

Amazon CEO Jeff Bezos has bought media mogul David Geffen’s Beverly Hills home for a record-breaking $165 million.

Business

Man killed in Tesla crash had complained about Autopilot

Feb 11, 2020

An Apple engineer who died when his Tesla Model X hit a concrete barrier on a Silicon Valley freeway had complained before his death that the SUV’s Autopilot system would malfunction in the area where the crash happened.

Business

Airbnb Host Cancelled This Taiwanese Student’s Booking Over Coronavirus Fears

Feb 11, 2020

A Taiwanese student claims she was discriminated against after her Airbnb accommodation was cancelled at the last minute due to a host’s fears over coronavirus.

Business

Exclusive: Hundreds of Chinese businesses seek billions to contend with coronavirus - sources

Feb 10, 2020

More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak in China, two banking sources said.

Business

Bill Gates 'not buying our hydrogen yacht'

Feb 10, 2020

Billionaire Bill Gates has not commissioned a hydrogen-powered superyacht from designer Sinot, the firm has told the BBC. It has been widely reported that Mr Gates ordered a £500m ($644m) luxury vessel, based on the concept which was displayed in Monaco in 2019.

Business

Hong Kong airline Cathay Pacific asks all staff to take unpaid leave

Feb 05, 2020

Hong Kong's flagship carrier Cathay Pacific is asking its entire workforce to take up to three weeks of unpaid leave, its CEO announced Wednesday, as the airline faces a crisis in the wake of the new coronavirus outbreak.

Business

Gender Pay Gap Activists Launch Campaign To End Secrecy Over Deals

Feb 04, 2020

Just a third of women know nobody can stop them asking male colleagues about salary if they suspect their employer is guilty of gender pay discrimination, new data reveals.

Business

Experts: Travel bans, business closures could hurt economy

Feb 01, 2020

Travel restrictions and business closures aimed at stopping the spread of a new virus that has killed more than 300 people in China could end up causing ripple effects that harm the global economy, experts say.

Business

Shanghai tanks on virus fears to lead fresh Asia market retreat

Feb 03, 2020

The steep losses led another sell-off across Asia following a painful week for global markets with the virus death toll topping 360 people and more than 17,000 infected, and governments around the world banning flights to and from China.

Business

Sri Lanka to probe aircraft deal after Airbus settlement

Feb 02, 2020

Sri Lanka's president ordered a fresh investigation Sunday into a multi-billion dollar aircraft purchase involving the island's loss-making national carrier, days after Airbus settled corruption probes in Europe and the US.

Business

George Soros: Facebook, Zuckerberg in cahoots with Trump to win 2020 election

Jan 31, 2020

George Soros is accusing Facebook and its CEO Mark Zuckerberg of conspiring with Trump to help the president win re-election.

Business

Delta, American and United suspend flights between US, China

Jan 30, 2020

Delta Air Lines and American Airlines said Friday they will suspend all flights between the U.S. and China, making them the first U.S.-based airlines to do so and joining several international carriers that have stopped flying to China as the coronavirus outbreak continues to spread.

Business

Elon Musk's new EDM single reviewed – 'Bringing erectile dysfunction to the masses!'

Jan 31, 2020

The Tesla and SpaceX CEO has dropped Don’t Doubt Ur Vibe on Soundcloud – a wannabe dancefloor banger that somehow manages to doubt its own vibe

Business

Dow Jones sinks more than 400 points amid coronavirus uncertainty

Jan 27, 2020

The Dow Jones Industrial Average was down more than 400 points as trading began on Monday, as uncertainty over the spread of the coronavirus has rattled global markets.

Business

This Fox News poll on Trump and the economy is baffling

Jan 27, 2020

A Fox News poll released Sunday has some good news for President Trump, but if you combine it with the poll's bad news, it's not at all clear where Trump stands with the American public or how voters are feeling about the state of the union.

Business

Boeing's 777X jetliner successfully completes maiden flight

Jan 25, 2020

Boeing Co successfully staged the first flight of the world's largest twin-engined jetliner on Saturday in a respite from the crisis over its smallest model, the grounded 737 MAX.

Business

Tesla overtakes Volkswagen as world's second most valuable carmaker

Jan 23, 2020

During the rally, its value has leapfrogged more established global rivals: Honda (7267.T), BMW (BMWG.DE), General Motors (GM.N) and Daimler (DAIGn.DE). On Wednesday, it eclipsed VW’s $99.4 billion value.

Business

On the menu at China virus market: rats and live wolf pups

Jan 22, 2020

The food market where China's deadly virus surfaced was a smorgasbord of exotic wildlife ranging from wolf pups to species linked to previous pandemics such as civets, according to vendor information and a Chinese media report.

Business

Jeff Bezos’s Phone Hacked by Saudi Crown Prince: Report

Jan 21, 2020

Amazon founder Jeff Bezos's phone was hacked by Saudi Crown Prince Mohammed bin Salman in 2018, five months before the murder of Washington Post columnist Jamal Khashoggi, the Guardian reported on Tuesday.

Business

Why phase 1 of the U.S.-China trade deal 'may be doomed from the start'

Jan 21, 2020

Despite Washington and Beijing having agreed to an initial framework, it might not be time to breathe a sigh of relief when it comes to the U.

Business

Just 162 Billionaires Have The Same Wealth As Half Of Humanity

Jan 20, 2020

In a stark reminder of gaping global inequality, a report published Sunday reveals that 162 billionaires, including Facebook’s Mark Zuckerberg and Amazon’s Jeff Bezos, have the same wealth as the poorest half of the world.

Business

World's richest 2,000 people hold more than poorest 4.6 billion combined: Oxfam

Jan 19, 2020

The world's richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said on Monday.

Business

China will increase imports from U.S. according to 'market principles': official

Jan 19, 2020

China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.

Business

Boeing Is Way Behind Airbus in Race for China’s Next Big Order

Jan 17, 2020

(Bloomberg) -- The long-awaited trade agreement between the U.

Business

Global economy anaemic and incomes likely to suffer, U.N. says

Jan 16, 2020

People in a number of countries, mostly in Latin America and sub-Saharan Africa, will see their incomes stagnate or decline this year, the United Nations said on Thursday.

Business

Groups: Syrian planes strike market in rebel area, 15 dead

Jan 15, 2020

Syrian government warplanes struck a market and an industrial area Wednesday in the last territory in the hands of rebel groups in the country's northwest, killing at least 15 people, opposition activists said.

Business

Under fire in India, Amazon offers small business owners $1 billion olive branch

Jan 15, 2020

Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small businesses online in India, reaching out to some of his fiercest critics in a goodwill visit that saw him donning traditional Indian attire and fly a kite with children.

Business

Big Companies to Mexico’s President: Stop Changing Rules

Jan 15, 2020

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars.

Business

How Much Income You'll Need To Spend On Rent Across The UK

Jan 15, 2020

The amount of income required to cover the cost of renting has increased 16% in the last decade, a lettings agent has said, to an average of 45.5% nationally.

Business

U.K. Economy Unexpectedly Shrinks Amid BOE Rate-Cut Debate

Jan 13, 2020

(Bloomberg) -- Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.

Business

U.S. Tariffs Set to Remain in Place Until After Election Under Trade Deal with China: Report

Jan 14, 2020

U.S. Tariffs Set to Remain in Place Until After Election Under Trade Deal with China: Report

Business

Global markets subdued ahead of US-China trade pact signing

Jan 12, 2020

Global stock markets were subdued Monday ahead of the signing of an interim U.S.-Chinese trade pact and as concerns about U.S.-Iranian tensions eased.

Business

Flybe begs ministers for help with air duty bill

Jan 13, 2020

Sky News can reveal that Europe's largest regional carrier has asked Whitehall to help it find a way of delaying its APD payments while it runs short of cash during the quieter winter months.

Business

Deadly crash of a Boeing jet in Iran adds to company's woes

Jan 08, 2020

It is too early to know what caused the crash and whether Boeing bears any responsibility for the lives of all 176 people who died aboard the 3 1/2-year-old plane.

Business

Trump wants to know 'How are your 409K's doing' in this 'all-time high' stock market

Jan 09, 2020

Trump wants to know 'How are your 409K's doing' in this 'all-time high' stock market

Business

Nissan says ex-chairman Ghosn guilty of 'serious misconduct'

Jan 06, 2020

Nissan said Tuesday it will still pursue legal action against its former chairman, Carlos Ghosn, despite his escape from Japan to Lebanon.

Business

IKEA to pay $46M in boy's dresser tipover death, lawyers say

Jan 06, 2020

IKEA has agreed to pay $46 million to the parents of a 2-year-old boy who died of injuries suffered when a 70-pound (32-kilogram) recalled dresser tipped over onto him, the family’s lawyers said Monday.

Business

GM reports lower 4Q sales, inventories after strike

Jan 03, 2020

General Motors reported lower fourth-quarter car sales Friday as a lengthy US worker strike continued to pinch auto inventories.

Business

American Airlines vows to share Boeing proceeds with workers

Jan 02, 2020

American Airlines said Thursday it is negotiating with Boeing Co. over compensation for the airline's grounded planes and expects to share some of the proceeds with employees.

Business

Nike seeks to keep marketing executives out of Michael Avenatti trial

Jan 02, 2020

Nike Inc asked a judge to block Michael Avenatti from having five of its sports marketing officials testify at his upcoming criminal trial, calling their testimony irrelevant to whether the California lawyer tried to extort the company.

Business

Uber, Postmates sue to block California gig worker law, claiming it's unconstitutional

Dec 30, 2019

In a lawsuit filed in Los Angeles federal court on Monday, the companies and two app-based drivers said the law, which would make it harder for gig economy companies to qualify their workers as independent contractors rather than employees, was irrational, vague and incoherent.

Business

The Best Last Minute Flights To Book In Easyjet's Winter Sale

Jan 01, 2020

After you’ve rung in a new decade and taken the Christmas decorations down, January can leave us feeling a little bleak, with the start of spring still months away. But to spruce up your calendar, why not book in a last minute trip away.

Business

Uber sues California over gig-economy labor law

Dec 31, 2019

Ride-hailing giant Uber and delivery company Postmates have filed a lawsuit against the state of California, claiming a new law that would treat gig-economy freelancers as employees is unconstitutional.

Business

Bailed tycoon Ghosn flees to Lebanon from 'rigged' Japan

Dec 31, 2019

Former Nissan chief Carlos Ghosn said Tuesday he had fled to Lebanon to escape injustice in Japan, where he was on bail awaiting trial on financial misconduct charges.

Business

Uber, Postmates sue to challenge California's new labor law

Dec 30, 2019

Ride-share company Uber and on-demand meal delivery service Postmates sued Monday to block a broad new California law aimed at giving wage and benefit protections to people who work as independent contractors.

Business

Ghosn in Lebanon, says he left Japan because of 'injustice'

Dec 30, 2019

Nissan's former Chairman Carlos Ghosn said Tuesday he was in Lebanon and was not fleeing justice, but instead sought to avoid “injustice and political persecution” in Japan, where he was awaiting trial for alleged financial misconduct.

Business

Ex-Nissan boss Ghosn, facing Japan trial, arrives in Beirut

Dec 30, 2019

Former Nissan chairman Carlos Ghosn, who is awaiting trial in Japan on charges of financial misconduct, has arrived in Beirut, a close friend said Monday.

Business

How To Save Money In 2020: 5 Top Tips From Experts

Dec 30, 2019

New Year’s resolutions aren’t always easy to keep – and the idea of failing can put you off having a go in the first place.

Business

Stocks Are on the Verge of the Best Year Since 1997

Dec 28, 2019

Stocks Are on the Verge of the Best Year Since 1997

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