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World’s most expensive cities revealed

March 19, 2019

Paris has come top of a ranking of the world’s most expensive cities, alongside Hong Kong and Singapore. It’s the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey, which compares prices in 133 cities globally. The French capital – ranked second most expensive […]

Boeing expects 737 Max software fix by end of March

Boeing has told airlines it expects to have new software for its 737 Max plane ready by the end of the month. The plane has been grounded following the Ethiopian Airlines aircraft crash earlier this month. Documents seen by the BBC confirm that the software update will limit the operation of the controversial MCAS system. […]

Mopping up Dieselgate: The boss transforming Volkswagen

Hiltrud Werner knows how to handle rooms full of men. As the lone woman on Volkswagen’s management board, she is a rarity in the upper echelons of German industry. Yet her ascent was not the result of an effort to blend in. Ms Werner’s first appearance in front of an all-male board was less than […]

Christchurch shootings: Ardern vows never to say gunman’s name

New Zealand’s Prime Minister Jacinda Ardern has vowed never to say the name of the Christchurch mosque gunman. “He sought many things from his act of terror, but one was notoriety – that is why you will never hear me mention his name,” Ms Ardern said in an emotional address at New Zealand’s parliament. Last […]

UK employment at highest since 1971

The number of employed people in the UK has risen again, to a new record number of 32.7 million people between November and January, figures from the Office for National Statistics (ONS) show. The 76.1% employment rate is the highest since records began in 1971. Unemployment fell by 35,000 to 1.34 million in the period, putting […]

Sainsbury’s and Asda vow £1bn merger price cuts

Sainsbury’s and Asda say their planned merger will save them £1.6bn and allow them to pass on £1bn in price cuts to savers. Sainsbury’s also says it will cap the amount of profit it makes on petrol. It says it will invite an independent body to check this promise in public. The supermarket giants are […]

IMF: Greece among best performers in eurozone

March 13, 2019

Greece has entered a period of economic growth that puts it “among the best performers in the eurozone”. That rather striking judgement comes from the International Monetary Fund in a new report on the Greek economy. A senior IMF official said there were a lot of positive developments to point to. That said, the IMF said […]

Hammond sets June date for new border e-gate checks

Heathrow Airport has welcomed the news that from June citizens from countries including the US and Singapore will be allowed to use e-gates at UK borders. In his Spring Statement, Chancellor Philip Hammond also confirmed that paper landing cards for those citizens would be dropped at the same time. Last year, Heathrow Airport called for […]

Brexit: Chancellor Philip Hammond calls for cross-party compromise

Chancellor Philip Hammond has signalled his backing for a cross-party consensus over Brexit, despite the PM still appearing to support her own deal. He told MPs they had “a solemn duty in the days ahead to put aside our differences and seek a compromise”. It came after Theresa May said the UK could still leave […]

Spring Statement: Hammond promises ‘deal dividend’

The chancellor has pledged to spend a £26.6bn Brexit war chest to boost the economy, if MPs vote to leave the European Union with a deal. Philip Hammond vowed to free up more money to help end austerity in a “deal dividend”. However, he said tax cuts and spending rises depended on a smooth Brexit. […]

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