Flybe, the largest operator of UK domestic routes, with almost two in five flights, has been saved from the brink of collapse after the government reached agreement on a rescue deal for Europe’s largest regional airline. Andrea Leadsom, business secretary, confirmed a deal with the troubled airline’s owners after days of talks. The deal includes…
Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…
Reliance, an Indian company with adequate resources is venturing into the £50bn online shopping sector with its new platform JioMart with the help of millions of small retailers, like the way it reshaped India’s telecoms sector by offering ultra-cheap mobile data. To attract shoppers JioMart will offer free delivery and returns and discounts of up…
This is the story of the world’s most controversial product tobacco’s fortunes and how science triumphed over addiction. The US has been active in picking economic winners and losers with price supports for farmers, regulatory interventions and outright state funding for innovation through the Defense Research Projects Agency. From Jamestown to the Marlboro Man,…
China’s Geely has held talks with Aston Martin investors and management and is conducting due diligence as the talks may lead to a technology partnership rather than investment in the UK group. Geely which also owns Britain’s Lotus and Sweden’s Volvo, as well as Germany’s Daimler, is one of the several groups in talks about…
Amazon and Google have hired lots of floor space at CES to spotlight products that tie into their virtual assistants. LG display says it has a 65in ceiling mounted screen that can be rolled up when not in use. Min-LED involves using smaller light-emitting diodes than normal to illuminate a screen’s colour pixels which allowed…
A Ukrainian Boeing -737 PS752 flight to Kyiv carrying 176 people has crashed in Iran at 06:12 local time (02:42GMT) Debris and engine parts from the Boeing 737-800Ng plane were found 10km from the Tehran Imam Khomeini airport. The majority of passengers were from Iran and Canada.
New technologies have always provoked panic about workers being replaced by machines as advances in artificial intelligence mean that all kinds of jobs are increasingly at risk. So how can we thrive in a world with less work? Susskind reminds us that technological progress could bring about unprecedented prosperity, but the challenge will be…
Tesla’s share prices which nearly halved in the opening months of 2019 have since rebounded 140 per cent to value over $80bn. In the latest quarter, Tesla has delivered over 367, 500 cars in 2019 up 50 per cent from the previous year and topped all Wall Street expectations. Shares in the company surged 5.5…
Google has overhauled its global tax structure and consolidated all of its intellectual property holdings back to the US, putting an end to the winding-down of a loophole estimated to have saved the US groups hundreds of billions of dollars. The company said this week that the move was designed to simplify its corporate tax…