Increasing numbers of people aged between 41 and 60 are being recruited by criminals to launder money.
The A321XLR is a long-haul version of the A321neo – a rival to Boeing’s grounded 737 Max
Airbus has stepped up the pressure on arch-rival Boeing on the opening day of the Paris airshow by launching a new long-range small passenger jet and announcing $15bn (£12bn) worth of orders.
The European manufacturer unveiled the A321XLR, a long-haul version of the A321neo that competes with Boeing’s grounded 737 Max.
German carrier warns on “aggressive” growth in low-cost competition
- Kier Group to cut 1,200 jobs and sell housing division
- Paris air show: Airbus reveals orders and new longer-range range model
- Brexit: UK growth tipped to slow as firms run down stockpiles
- Carlos Ghosn’s wife urges Trump to support her husband
US pharma giant Pfizer has agreed to pay $10.6bn in cash for cancer drugs specialist Array BioPharma.
Array specialises in “targeted small molecule medicines” to treat cancer and other diseases. The boards both companies have approved the merger.
An interesting graph on the past year for airlines, or travel firms with significant airline arms, from the Share Centre here.
Add to the below list Germany’s Lufthansa – down by about 30% in the past 12 months, in no small part thanks to a 11% drop so far today on the back of a surprise Sunday night profit warning.
Airline companies remain at the mercy of a number of external factors which they have little control over: terrorism, air traffic control strikes, volcanic eruptions, currency movements, oil prices, along with new events such as Brexit and people flying drones over airports. Many of these can lead to a squeezing of margins or wipe out profits in what is a cut-throat business.
This makes life difficult for management in their quest to grow the business especially with regards to upgrading their fleet. But demand for travel is not going to go away, so long-term investors in the sector should hopefully be aware that it will be a bumpy ride and is likely to remain so in the foreseeable future.
‘I am making this investment for my family,’ says telecom and media entrepreneur after spending $3.7bn
State media says Muslim Brotherhood leader collapsed after court session
Patrick Drahi, a French-Israeli telecoms billionaire, takes 275-year-old company private
Sotheby’s has agreed to a takeover by the billionaire art collector Patrick Drahi, in a $3.7bn (£2.9bn) deal that restores the auction house to private ownership after three decades on the stock market.
The New York-based company, which celebrated its 275th anniversary this year, said it had accepted an offer from Drahi, a media and telecoms entrepreneur, that values it at 60% more than its closing share price on Wall Street last Friday.
The chancellor says the UK’s open trading economy needs inward investment
Britain is aware of the risks facing sensitive areas of the economy from greater levels of Chinese investment, Philip Hammond has said, as London forges closer economic ties with Beijing despite US concerns.
Speaking after a joint economic summit between Britain and China in London that is set to open up deals for companies in the two countries worth more than £500m, the chancellor said he welcomed the closer cooperation.
Plans for a third runway, promising phased construction over thirty years, are open to public consultation.
The fried chicken firm is the latest fast food chain to join the vegan bandwagon, with mixed results.
Competition watchdog to get ‘judge and jury’ authority to fine companies
Permits being granted points to flexibility over post-Brexit migration
Relatives are demanding clarity and believe they should be consulted on when or if the 737 Max flies again
On 10 March, 24-year-old Samya Stumo was on her way to start a healthcare job in Kenya when, along with 156 other passengers on an Ethiopian Airlines-operated Boeing 737 Max 8, she died as the plane took a high-speed dive into countryside outside Addis Ababa.
The art auction house is bought by French telecoms billionaire Patrick Drahi.
This Adidas factory in India makes shoes and clothes out of polyester from recycled plastic bottles.
Pentagon cites ‘hostile behaviour by Iranian forces’ as it deploys additional troops to region