Mayor Boris Johnson and London Underground pledge “faster, more frequent and more reliable journeys” for passengers using District, Circle, Metropolitan and Hammersmith & City Lines March 24, 2015 London Underground and mayor Boris Johnson are promising commuters “faster, more frequent and more reliable journeys” for millions of passengers who use the District, Circle, Metropolitan and Hammersmith & City Lines. The two have parties have unveiled plans to modernise the creekiest parts of the Tube network, introducing a modern train control system across [...]
Interactive: 33 charts showing how UK inflation compares to every inflation rate in every EU country March 24, 2015 Today was the day the UK hit the threshold: inflation fell to 0 per cent, its lowest since the current measure of inflation began in 1989. More on this story: UK inflation falls to its lowest since records began The fall was caused by dropping energy and food prices, fueled by the global oil-price slump and [...]
Why businesses and employees are cheering low inflation March 24, 2015 Low inflation will benefit businesses which are likely to pass gains onto employees through wage hikes, businesses have said. James Sproule, chief economist at the Institute of Directors said: "We welcome the news that inflation has once again fallen. It is particularly encouraging that this has been driven by falling fuel costs. This is putting [...]
Why drug-resistant superbugs could wipe 6pc off the world economy by 2050 March 24, 2015 Tackling antibiotic resistance could become one of the biggest struggles of our time, according to new research by the UK All Party Parliamentary Group on Global Tuberculosis (APPG TB). An overuse and misuse of antimicrobials has allowed some of the planet's deadliest diseases to start winning the battle against man-made drugs, and the situation is [...]
Google just hired Morgan Stanley finance chief Ruth Porat as its new CFO March 24, 2015 Google has named a replacement for departing finance chief Patrick Pichette. Ruth Porat will leave her role as finance chief at Morgan Stanley to fill Pichette’s shoes after the long-standing executive revealed he was departing the internet giant just under two weeks ago. Investors responded positively to the news – shares were up by around [...]
First images of search and rescue mission for Airbus A320 Germanwings flight 4U9525 plane crash March 24, 2015 A search and rescue mission is underway in southern France after an Airbus A320 crashed in the Alps earlier today. Lufthansa has confirmed that 150 people were onboard the Germanwings flight 4U9525 from Barcelona to Duesseldorf, 144 of which were passengers. Among them were two babies and 16 school children. French Prime Minister Manual [...]
French minister Ségolène Royal rebukes George Osborne’s “spiteful” mockery of Hollande’s economy March 24, 2015 During last week's Budget, George Osborne's jokes at France's expense played well in the chamber of the House of Commons – at least among Tory MPs. The chancellor mocked the opposition for wanting to emulate the French economic model in operation under Francois Hollande. France is beset with high unemployment and low growth and has struggled [...]
Higher fuel prices push US inflation to its first rise since October March 24, 2015 Inflation has started to the pick up in the United States, after fuel prices rose for the time since June last year, adding to broader gains in other sectors. Figures released today by the Bureau of Labor Statistics showed prices rose by 0.2 per cent month-on-month basis, reversing a 0.7 per cent tumble in January. The annual [...]
Germanwings flight 4U9525 crash: Airbus A320s have strong safety record, data shows March 24, 2015 Airbus A320s – the type of passenger jet that crashed into the French Alps today – have a strong safety record with relatively few accidents. According to a Boeing safety analysis the A320 family has just 0.14 fatal accidents per million takeoffs, AP reports. There are currently 3,606 A320s in operation and a [...]
Airbus and Lufthansa share prices fall as reports suggest Germanwings flight 4U9525 has crashed in the southern Alps March 24, 2015 Shares in plane manufacturer Airbus and German airline Lufthansa fell in morning trading today, after Germanwings flight 4U9525 from Barcelona to Duesseldorf had crashed in the southern French Alps, killing up to 150 people on board. Airbus, which made the A320 plane that crashed, was down 1.75 per cent in Paris to €58.95, while shares [...]