Templates by BIGtheme NET
Home / Business

Business

No-deal Brexit could cause £30bn economic hit, watchdog says

Public borrowing could double next year if there is a no-deal Brexit, the country’s spending watchdog says. The Office for Budget Responsibility (OBR) said borrowing would be almost £60bn if the UK leaves without a deal – up from £29.3bn ...

Read More »

Boeing takes $5bn hit over grounding of 737 Max

Boeing is taking a $4.9bn hit to cover costs related to the worldwide grounding of its 737 Max aircraft. The charge is set to wipe out profits when the world’s biggest planemaker posts quarterly results next week.In a statement, Boeing ...

Read More »

Asian shares mixed as China reports economy slowed in 2Q

Bangkok, July 15 : Shares were mixed in Asia on Monday, with gains in Chinese markets on hopes for fresh stimulus measures after the government reported that the economy grew at the slowest pace in a decade in the last ...

Read More »

Chevron spills 800,000 gallons of oil, water in California

Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less devastating — than the state’s last two major oil spills. The ...

Read More »

Head of Boeing’s 737 MAX program to retire: Company

The head of Boeing’s embattled 737 MAX program plans to retire, the company said, just as it gears up to persuade regulators to return the plane to the skies after two deadly crashes. It was the most high profile departure ...

Read More »

Thailand’s cooling car sales may shift economy into lower gear

Efforts by Thailand’s central bank to talk down a spike in auto loans amid wider concerns about household debt have sent a chill across the country’s car dealers, which are struggling to source finance for new customers. Although the Bank ...

Read More »

UK economy probably shrank for first time in seven years

The UK economy probably shrank for the first time since 2012 in the second quarter, according to Bloomberg’s latest survey of economists. The prediction for a 0.1% contraction marks a downgrade from June, when economists only predicted stagnation. The survey ...

Read More »

British Airways faces record £183m fine for data breach

British Airways is facing a record fine of £183m for last year’s breach of its security systems. The airline, owned by IAG, says it is “surprised and disappointed” by the penalty from the Information Commissioner’s Office (ICO). At the time, ...

Read More »

UK recession fears mount amid Brexit and global slowdown

Photo: In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. London, Jul 3 : The British ...

Read More »

UK seeks new no-deal Brexit freight plan

London, Jul 1 : Transport companies are being asked to bid to provide extra freight capacity to be used in the event of a no-deal Brexit on 31 October reports BBC. The hurried ferry procurement process as the UK prepared ...

Read More »