Business

Boeing expects 737 Max software program repair by finish of March

Picture copyright Getty Photos Boeing has instructed airways it expects to have new software program for its troubled 737 Max prepared by the tip of the month. The airplane has been grounded following the Ethiopian Airways plane crash earlier this month, which precipitated the lack of 157 lives. The paperwork affirm the software program replace will restrict the operation of the controversial MCAS system. That was being utilized by a

Ocado income hit by warehouse hearth

Picture copyright Reuters Ocado’s income grew by 11.2% within the 13 weeks to 13 March in contrast with the identical interval final 12 months, though the net meals retailer’s earnings was hit by a hearth in its warehouse in February. It introduced in £404m throughout the interval, however the hearth in its Andover base had a 1.2% affect on its gross sales. The agency had extra orders per week, however

Bonmarché predicts deeper losses

Picture copyright Getty Photos Clothes chain Bonmarché is warning losses might attain £5-6m this yr, far worse than the £4m loss beforehand predicted. The warning, in a buying and selling replace to traders, is the third in six months from the Yorkshire-based agency. Bonmarché, which has 312 shops specialising in clothes for the over-50s, mentioned gross sales post-Christmas had really picked up barely. However it mentioned buying and selling for

Dwelling leasehold system wants reform, say MPs

Picture copyright Getty Photos The UK’s leasehold system has left numerous house owners in unsellable and unmortgageable properties and altered are wanted, committee of MPs says. Typically leaseholders in new-build properties are handled as a supply of revenue, the Housing, Communities and Native Authorities Committee (HCLG) says. It says the Competitors and Markets Authority (CMA) ought to examine mis-selling claims. The CMA also needs to make recommendations relating to compensation,

Why are Venezuelans searching for refuge in crypto-currencies?

Picture copyright Megan Janetsky Picture caption Eli Meregote makes use of crypto-currencies to ship cash house to Venezuela Crypto-currencies have confronted quite a lot of criticism since Bitcoin first got here on the scene 10 years in the past. However for one group of individuals, they’re proving very helpful. Venezuela has seen its foreign money rendered virtually worthless after struggling one of many worst intervals of hyperinflation since World Warfare

World’s most costly cities revealed

Picture copyright Getty Pictures Paris has come prime of a rating of the world’s most costly cities, alongside Hong Kong and Singapore. It is the primary time three cities have shared the highest spot within the 30-year historical past of the annual Economist Intelligence Unit survey, which compares costs in 133 cities globally. The French capital – which was ranked second most costly final yr – is the one eurozone

Warner Bros boss quits amid affair allegations

Picture copyright Getty Photos Picture caption Former Warner Bros chairman and chief govt Kevin Tsujihara Warner Bros’s chief govt Kevin Tsujihara is leaving amid claims he tried to safe roles for an actress he allegedly had an affair with. John Stankey, chief govt of mum or dad firm WarnerMedia, mentioned that it was “in one of the best curiosity” of the agency that Mr Tsujihara steps down. “Kevin acknowledges that

Equal Pay Day: Cheaper journey for Berlin girls

Picture copyright AFP Picture caption Berlin girls journey extra cheaply than males to mark Equal Pay Day Berlin’s public transport authority BVG is providing girls a 21% low cost on fares within the capital to mark Germany’s Equal Pay Day. BVG says the intention is to attract consideration to the typical 21% pay hole between women and men in Germany – one of many largest gender pay gaps within the

Boeing: French investigators discover crash ‘similarities’

Picture copyright Getty Photos Investigators analyzing black field recordings from the doomed Ethiopian Airways flight have discovered “clear similarities” with a earlier crash. Final week’s crash of a Boeing 737 Max was the second catastrophe involving the plane sort in 5 months. The French BEA accident authority didn’t element the similarities, however media studies recommended they discovered comparable flight angles earlier than the crashes. It comes amid persevering with questions

EasyJet withdraws from proposed Alitalia consortium

Picture copyright Getty Photographs Easyjet has deserted talks to hitch a consortium that might have bid for Italian service Alitalia. The price range airline had been contemplating teaming up with Italy’s state-controlled railway Ferrovie dello Stato Italiane and Delta Air Traces of the US. Alitalia was went into administration in May 2017 after employees rejected a plan to chop jobs and salaries. The airline continued to function, propped up by