It has been a bloody last week that wipe out the entire gains since mid-December. Now with the bear appearing in full force, is this just a pullback to continue the uptrend or is this a potential change of trends? What can happen this week that can change the market? This week highlighted several futures, […]
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BBC News – Business- Iran seizes British tanker in Strait of HormuzA second tanker is now back on its way after it was boarded by armed guards in the Strait of Hormuz.
- Algae bio-curtains: Architects' radical solution to capture carbonScientists and architects in London have developed 'bio-curtains' to act as an alternative to urban trees.
- HS2: High-speed line cost 'could rise by £30bn'The boss of the new high-speed rail link has reportedly warned the project will exceed its £56bn budget.
- Pound sterling: 5 holiday destinations where a weak pound still goes farThe pound may be falling, but there are still plenty of places it goes a long way. We look at five.
- Public sector workers 'to get above-inflation pay rise'Dentists, teachers and police officers are reportedly to get pay increases of between 2% and 2.9%.
- Boeing takes $5bn hit over grounding of 737 MaxThe charge will wipe out profits, but Boeing says it hopes the aircraft will resume flying this year.
- Tesco raises prices on 1,000 productsThe retail giant says it held off raising prices for as long as it could, and insists it is still competitive.
- Workers could get compensated for cancelled shiftsThe plan is part of a package of measures aimed at improving the rights of low-paid flexible workers.
- BritBox: ITV and BBC set out plans for new streaming serviceShows like Love Island, Gavin & Stacey and Victoria will be on ITV and the BBC's streaming service.
- YouTube: 'We don't take you down the rabbit hole'In his first interview, YouTube's UK managing director defends the platform's algorithms.
- Iran seizes British tanker in Strait of Hormuz
- Reuters: Business News
- Ryanair Irish pilot union to decide on strike ballot next weekMembers of Ryanair's Irish pilot union are to decide next week whether to join British colleagues in holding a ballot on strike action, according to a memo distributed to members.
- CBS stations go dark for DirecTV customers amid contract dispute with AT&TCBS Corp and AT&T Inc failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming.
- Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paperCarlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor and Mitsubishi Motors , who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday.
- China Southern Airlines to receive $4 billion capital injectionChina Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday.
- American Airlines-Qantas joint venture wins final U.S. approvalThe U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016.
- White House to host meeting with tech executives on Huawei ban: sourcesWhite House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday.
- Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJCredit reporting company Equifax Inc is close to a deal to pay around $700 million to settle data breach probes with U.S. regulators and states, the Wall Street Journal reported on Friday, citing people familiar with the matter.
- Ford to lay off around 200 workers at Canadian plantFord Motor Co will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the company said on Friday.
- Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contractFour Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department.
- Wall Street falls as Fed signals smaller rate cutWall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.
- Ryanair Irish pilot union to decide on strike ballot next week