Boeing shares plunge as airlines ground planes following fatal Ethiopian Airlines crash March 11, 2019 Shares in Boeing fell more than 11 per cent as the New York Stock Exchange opened as airlines grounded planes following yesterday’s fatal Ethiopian Airlines crash. China’s airline regulator called for all Boeing 787 Max 8 domestic flights to be suspended, while Ethiopian Airlines and Cayman Airways have also grounded the model after one of the [...]
Thousands of customers left in limbo as Brilliant Energy becomes the latest supplier to go bust March 11, 2019 Brilliant Energy Supply has become the third provider to go bust so far this year, as companies struggle with rising wholesale costs, and Ofgem’s new price cap. The regulator will now have to step in to find a new supplier for the company’s 17,000 customers, a process it has been forced to go through nearly [...]
Network Rail urges passengers to plan Easter travel ahead of upgrade works March 11, 2019 Network Rail has urged passengers to check their travel plans this Easter as it invests more than £100m in railway upgrades. Network Rail, which manages Britain's railway network, said most routes would be open for "business as usual" travel as majority of the network is unaffected by upgrade work, but still warned those getting away for [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]
Tokyo court blocks Ghosn’s request to attend Nissan board meeting March 11, 2019 A Tokyo court has denied former Nissan boss Carlos Ghosn’s request to attend the company’s board meeting tomorrow, Reuters reported, citing local media. The ousted car executive had sought permission from the Tokyo District Court to attend the meeting, paving the way for a dramatic confrontation with his former colleagues. Read more: Former Nissan boss [...]
Carlos Ghosn seeks permission to attend Nissan board meeting March 11, 2019 Former Nissan boss Carlos Ghosn is seeking permission from a Tokyo court to attend the car manufacturer’s board meeting tomorrow, Reuters reported, citing his lawyer. Ghosn, who was released last week on bail of ¥1bn (£6.85m), has applied to the Tokyo District Court for permission to attend the meeting, his lawyer Junichiro Hironaka told reporters. [...]
Sadiq Khan and local councils gear up for Heathrow third runway legal challenge March 11, 2019 A legal challenge against Heathrow's bid to build the third runway launches today in the High Court. The mayor of London, Sadiq Khan, five local councils and Greenpeace are taking the government to court over objections to the Department for Transport's (DfT) airport national policy statement, (NPS) the legislation that makes the case for Heathrow [...]
Ethiopian Airlines confirms there are ‘no survivors’ from crashed Boeing 737 plane March 10, 2019 Ethiopian Airlines has confirmed that one of its Boeing 737 planes has crashed, killing all passengers on board. Ethiopia's flag carrier said the plane, which was destined for Nairobi in Kenya, crashed shortly after take off in the capital of Addis Ababa on Sunday. All 149 passengers and eight crew members on board the ET302 flight [...]
US firm Indigo Partners sets new terms for Icelandic airline Wow Air investment March 9, 2019 Indigo Partners has set new terms for its proposed investment in Icelandic airline Wow Air, which has faced months of financial difficulty and was forced to ask lenders for an extra month to negotiate with the US investment company two weeks ago. The firm had originally proposed to inject $75m over 10 years in return for a 49 [...]
Space X unmanned capsule splashes down after space centre mission March 8, 2019 An unmanned capsule from Elon Musk’s Space X has splashed down successfully in the Atlantic Ocean after a short-term stay on the International Space Station. The landing marks the end of the first orbital test mission as NASA looks to resume human space travel from US soil this year. Read more: Space X Dragon capsule successfully [...]