Sterling sinks after ‘simply shocking’ UK manufacturing data September 2, 2019 Sterling plummeted against the euro and the dollar in response to weak UK manufacturing data as economists warned “there is no clarity whatsoever” surround Brexit. Markets panicked as figures showed output from the UK manufacturing sector sank to a seven-year low in August, sending the pound down against major currencies. Read more: UK manufacturing output [...]
European factory ‘summer slump’ continues through August September 2, 2019 European factory activity stagnated further in August, as a gloomy spell for companies was extended by a continued fall in demand. Manufacturing output fell for the seventh month in a row, according to IHS Markit’s Purchasing Managers’ Index (PMI), a closely-followed measure of sector activity. Economists recorded a PMI score of 47, where anything below [...]
UK manufacturing activity plunges to seven-year low as economic slowdown bites September 2, 2019 UK manufacturing output crashed to a seven-year low in August as Brexit doubts intensify and a wider economic slowdown hurts firms, according to a closely followed measure of sector activity. Manufacturing output plunged to its worst level since 2012 last month, according to IHS Markit’s Purchasing Managers’ Index (PMI). Read more: Toyota to halt production [...]
Pie in the sky? London urged to plan for flying taxi future September 2, 2019 Airbus will tomorrow urge London authorities to plan for a future in which electric air taxis roam the skies and drones carry cargo a few thousand feet above the city. The aviation juggernaut has already built a prototype air taxi, as have arch rivals Boeing, Uber and several other manufacturers. Airbus will urge city planners [...]
Eco-warriors still threaten Heathrow drone chaos despite ‘positive’ talks with airport August 30, 2019 Climate change activists are still planning on flying drones over Heathrow in protest next month, despite a “positive” meeting with representatives from the airport this morning. Heathrow Pause, a splinter group of the Extinction Rebellion movement, says it will fly toy drones in the airport’s restricted zone from 13 September, in a move that threatens [...]
Watch: Nissan invents self-driving golf ball that finds the hole every time August 29, 2019 Times are tricky for Nissan executives. The Japanese car maker’s profits have collapsed, it is gearing up to sack 12,500 workers to cut costs, and former boss Carlos Ghosn is facing jail time for swindling millions of dollars from the firm. Who could blame them for wanting a bit of light relief? The car maker’s [...]
More grief for British car industry as output falls again amid Brexit fears August 29, 2019 Britain’s car manufacturers endured another month of misery in July as exports took a hit and output slowed down for its 14th consecutive month. Manufacturing output fell 10.6 per cent last month, with only 108,239 vehicles rolling off the production line, according to figures released this morning by the Society of Motor Manufacturers and Traders [...]
Near-miss: Passenger jet ‘narrowly avoided’ hitting drone at Gatwick airport in April August 28, 2019 An Airbus passenger jet carrying as many as 186 passengers was forced to take evasive action to avoid a drone as it approached Gatwick airport, it has emerged. The airliner was flying at 518 metres towards the West Sussex airport on 28 April when the pilot saw a dark-coloured drone and made a banking turn [...]
Britain ‘still attractive for aerospace investment’ despite Brexit uncertainty August 27, 2019 Britain is the fourth-most attractive attractive country to invest in for the aerospace and defence industries, according to research. Despite warnings from major industry players that Brexit uncertainty will hamper investment in the sector, the UK has been named the best European country to invest in, ahead of Germany, by PwC. Countries were ranked on [...]
Boeing 737 Max: First customer lawsuit comes in against plane maker as Russian firm sues August 27, 2019 Boeing is facing its first lawsuit from an aviation industry customer of its Boeing 737 Max, after a Russian firm that ordered 35 planes is said to have sued it for breach of contract. Avia Capital Services, an aircraft leasing company that is a subsidiary of Russian firm Rostec, made an order for 35 Max [...]