LAST week, the British government gave London Heathrow airport the go-ahead to expand. The decision to allow it to build a third runway had been a long time coming. It is 70 years since the area around London last saw a new one built, and Heathrow, Europe’s busiest hub, is operating at 99% capacity. But already two aviation executives have expressed their cynicism about whether a runway will be built anytime soon. Or to cost.
Willie Walsh (pictured), the boss of IAG, the parent company of British Airways (BA), by far Heathrow’s biggest tenant, kicked off proceedings. “Do I have confidence that the current team at Heathrow can do it?” he said in an interview on Friday. “No, I don’t.”
Mr Walsh is not exactly a disinterested observer. The proposed £17.6bn ($21.4bn) expansion of Heathrow is to be financed privately; IAG fears that this will mean higher charges for BA. Even before the vote Mr Walsh, perhaps disingenuously, had come out against the building of a new runway for this reason. Last year, after the Airports Commission had…Continue reading
But they automatically start-up when you open them.
Their ambition: to make the company’s voice-powered digital assistant better than rivals such as Apple’s Siri and Microsoft’s Cortana.
The social media giant says its policies prohibit discriminatory advertisements.
These Instagram strategies have been well-tested in helping others build large followings on the social media platform.
BRUSSELS (Reuters) – An EU ethics committee has cleared former European Commission chief Jose Manuel Barroso of breaking rules by taking a job at Goldman Sachs but said he did not show the “considerate judgment” one would expect from someone of his sta…
Global issues are giving British children anxiety, data released by a children’s charity reveals.
The deal “gives us an opportunity to create all the synergies of a combined GE and Baker Hughes,” GE’s Jeff Immelt says.
A new cryptocurrency launched late last week, claiming to allow users to make online purchases anonymously.
The billionaire entrepreneur showed off solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery.
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.7 percent annualized pace in the fourth quarter, the Atlanta Federal Reserve’s GDP Now forecast model showed on Monday.
OVER the weekend, rumours flew that Mark Carney, the dashing Canadian at the helm of the Bank of England, might leave his job in 2018. (He initially promised to serve for five years, but a full term is eight, and many Britons hoped he would stay on.) An early exit for Mr Carney, who has been on the job since 2013, would be understandable. While Canada is the world’s great liberal icon, Britain is a mess. Not only must Mr Carney steer the British economy through the rough, post-referendum economic seas, but he has also faced criticism from Tory leaders, who are angry with Mr Carney for trying to warn Britons that Brexit would in fact be economically damaging.
This morning, the Financial Times reports that the rumours are wrong, and Mr Carney stands ready to serve a full term. One could practically hear the sighs of relief around the City. Yet is it right that so much should seem to ride on the presence or absence of one man?
Back in 2012,…Continue reading
A new flight between Germany and Switzerland will be the world’s shortest international flight at just around eight minutes.
On Sunday, a powerful 6.6-magnitude earthquake sent shockwaves across the center of Italy.
Costume, candy and jack-o-lantern sellers are cashing in on this haunted holiday.
(Reuters) – Wall Street ended barely changed on Monday as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous U.S. presidential election.
The Romanian ecommerce association ARMO has joined Ecommerce Europe, one week after it joined EMOTA, another pan-European ecommerce association. It’s the first time ever a national ecommerce association has joined both umbrella organizations. There are currently 19 national ecommerce associations that are affiliated with Ecommerce Europe. Florinel Chis, the executive Continue reading
NEW YORK (Reuters) – Traders on Monday placed a low probability the Federal Reserve would raise interest rates at its policy meeting later this week amid mixed economic data and ahead of the U.S. presidential election, according to interest rates futur…