MONEY

Boeing takes $5bn hit over grounding of 737 Max

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 also said its “best estimate at this time” is that the aircraft will return […]

UK workers who lose jobs to AI will be retrained

UK workers who lose jobs to AI will be retrained

Workers whose jobs might become obsolete as a result of automation are to receive help in retraining from a new national government scheme. Up to 20 million manufacturing jobs around the world could be replaced by robots by 2030,¬†according to analysis firm Oxford Economics. The scheme will support workers by helping them find a new […]

KLM breastfeeding policy causes turbulence

KLM breastfeeding policy causes turbulence

Dutch airline KLM has caused an uproar on Twitter after telling a customer it might ask mothers to cover themselves while breastfeeding. KLM told Heather Yimm that breastfeeding on flights is allowed, but if other passengers are offended they may be asked to cover up. The airline’s response has sparked a backlash on Twitter, with […]

Electric car models to triple in Europe by 2021

Electric car models to triple in Europe by 2021

The number of electric car models available to consumers in Europe is expected to triple by 2021, according to European transport experts. The uptake of electric cars has been stalling, blamed on a lack of charging infrastructure and higher prices. Latest data shows carmakers will offer 214 electric car models in 2021, up from 60 […]

S Korea employers could face jail under harassment law

S Korea employers could face jail under harassment law

South Korea has introduced tough new workplace anti-bullying laws with penalties that include jail for employers in some cases. It marks the first time the country has required employers take action against harassment. Workers will be able to report behaviour such as gossiping or being forced to attend company functions. Harassment in the workplace is […]

Christine Lagarde resigns as head of IMF

Christine Lagarde resigns as head of IMF

Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF). It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB). Ms Lagarde said she would leave the IMF on 12 September. “With greater clarity now on the process for my […]

The Insta king trying to dominate the UK cannabis market

The Insta king trying to dominate the UK cannabis market

Controversial social media star Dan Bilzerian is wearing a tiny pair of orange shorts and a tight white T-shirt when I meet him. It’s not the outfit of a typical company founder, but one that already feels familiar thanks to the thousands of similar photos of himself he’s posted on social media. The wealthy, muscular, […]

Fewer Britons choosing EU countries for holidays, travel firm says

Fewer Britons choosing EU countries for holidays, travel firm says

Fewer British holidaymakers have booked a summer holiday inside the European Union this year amid continuing Brexit uncertainty, Thomas Cook has said. The travel firm says almost half (48%) of the holidays it sold up until the end of February were to non-EU destinations, up 10% on last year. Despite this, the firm says Spain […]

Carlos Ghosn: Former Nissan boss hit with fresh charge

Carlos Ghosn: Former Nissan boss hit with fresh charge

Former Nissan boss Carlos Ghosn has been indicted by prosecutors in Japan on a fresh charge of aggravated breach of trust. It is the fourth charge brought against Mr Ghosn and relates to the alleged misuse of company funds. The 65-year-old is in detention in Tokyo and his lawyers are expected to apply for bail. […]

Prince Charles charity link to Russian offshore network

Prince Charles charity link to Russian offshore network

An investment bank led by an oligarch who collaborated with Prince Charles on charity work managed a network of offshore companies moving billions out of Russia. An international investigation has exposed how the network received money from companies linked to major fraud. The oligarch, Ruben Vardanyan, is the former boss of Moscow investment bank Troika […]

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