Business

Public borrowing could double next year if there is a no-deal Brexit, the country’s spending watchdog says. The Office for Budget Responsibility (OBR) said borrowing would be almost £60bn if the UK leaves without a deal – up from £29.3bn if it does get a deal. The watchdog said this scenario was based on assumptions that a no-deal Brexit would ...

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 to service in the last three ...

Bangkok, July 15 : Shares were mixed in Asia on Monday, with gains in Chinese markets on hopes for fresh stimulus measures after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2% annual rate of growth reported for April-June suggests the trade war between the U.S. and ...

Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less devastating — than the state’s last two major oil spills. The newly revealed spill has been flowing off and on since May and has again stopped, Chevron spokeswoman Veronica Flores-Paniagua said. ...

The head of Boeing’s embattled 737 MAX program plans to retire, the company said, just as it gears up to persuade regulators to return the plane to the skies after two deadly crashes. It was the most high profile departure of a senior executive since the aircraft was grounded in mid-March following two crashes that claimed 346 lives. Eric Lindblad, ...

  Barnardo’s report, ‘Overcoming Poverty of Hope’, reveals BAME young people’s concerns about the Economy, Jobs and Education Celebrities Armeena Khan, Sonali Shah and Anila Chowdhry gave their support to the UK’s longest running children’s charity Barnardo’s at the charity’s Annual Parliamentary Reception on Monday 8th July. Other prominent British Asians at the event at the House of Commons, Terrace Pavilion included actors Priyanga Burford and Meryl Fernandes; as well as lifestyle blogger Rumena Begum. They were joined by further celebrities ...

Efforts by Thailand’s central bank to talk down a spike in auto loans amid wider concerns about household debt have sent a chill across the country’s car dealers, which are struggling to source finance for new customers. Although the Bank of Thailand (BOT) has taken no policy action yet, analysts say the mere prospect of car loan curbs has been ...

09 July 2019:   Barnardo’s new President Natasha Kaplinsky OBE praised Barnardo’s for highlighting the hopes and fears of young people in a special report launched by the charity at yesterday’s Parliamentary reception. Natasha Kaplinsky and children from Barnardo’s Wellbeing Hub The newsreader, presenter and journalist gave her first speech as President at the charity’s Annual Parliamentary Reception yesterday (Monday), ...

The UK economy probably shrank for the first time since 2012 in the second quarter, according to Bloomberg’s latest survey of economists. The prediction for a 0.1% contraction marks a downgrade from June, when economists only predicted stagnation. The survey came as retail industry reported another drop in sales and said “the picture is bleak.”Second Quarter Slowdown Economists predict the ...

British Airways is facing a record fine of £183m for last year’s breach of its security systems. The airline, owned by IAG, says it is “surprised and disappointed” by the penalty from the Information Commissioner’s Office (ICO). At the time, BA said hackers had carried out a “sophisticated, malicious criminal attack” on its website.The ICO said it was the biggest ...