Oil prices lift as US Navy strikes down Iran drone in latest Gulf incident July 19, 2019 Oil prices spiked almost two per cent today as Middle East tensions ratcheted up after the US Navy struck an Iranian drone with a missile in the Strait of Hormuz. Brent crude oil rose 1.5 per cent to $62.88 while West Texas Intermediate (WTI) crude climbed one per cent to $56 after the attack. Read [...]
Jeremy Hunt misses crucial government Brexit vote by mistake July 18, 2019 Jeremy Hunt has apologised after accidentally not voting with the government on a bill designed to block a no-deal Brexit. The government fell to a resounding defeat today as one minister quit and many other cabinet members abstained during a vote to bring MPs immediately back to parliament if the Commons is suspended before the [...]
EU fines Qualcomm €242m for ‘crushing’ 3G competitor July 18, 2019 Chipmaker Qualcomm must pay €242m for abusing its market dominance to crush a competitor in the 3G market, the EU ruled today. The European Commission said Qualcomm used its iron grip on the chip market to force Icera out of the sector in a breach of antritrust rules. Read more: Apple settles landmark $27bn legal [...]
Heathrow Airport Terminal 5 delays hit British Airways passengers July 18, 2019 Heathrow Airport passengers face major disruption this morning as a baggage system issue has caused hours of delays. Passengers including comedian Eddie Izzard were left to queue for up to two hours to drop bags at Heathrow Airport Terminal 5 this morning, leading to reports of missed flights. Reports suggested the luggage belt system had [...]
Easyjet grows revenue in ‘robust’ quarter as new COO joins July 18, 2019 Easyjet boosted revenue 11 per cent to £1.8bn in its third quarter, the airline revealed today, saying it is on schedule to hit market expectations on profit. Read more: Easyjet losses soar to £275m after fuel price hike and Gatwick drone chaos The airline also posted higher passenger revenue, growing that 10.7 per cent year [...]
Philip Hammond ‘may quit Downing Street’ before new PM takes power if Boris wins July 18, 2019 Philip Hammond may be set to jump before he is pushed out of office by Boris Johnson, it is reported. The chancellor of the Exchequer could order removal vans to 11 Downing Street as early as today, according to the Daily Mail, which reported that Hammond has told friends he is set to quit. Read [...]
Tube delays hit commuters in miserable rush hour July 18, 2019 Commuters face a miserable journey to work this morning with severe delays affecting the Jubilee Line. Read more: Revealed – London’s most stressful Tube stations The Jubilee Line is plagued with severe delays between Waterloo and Stratford after engineers had to deal with a faulty train on the track, hitting thousands of east London passengers. [...]
ASA pulls the plug on Dyson’s ‘cordless’ fan advert July 17, 2019 A Dyson advert for a cordless fan was a lot of hot air, the UK’s advertising regulator has ruled. The Advertising Standards Authority (ASA) today banned Dyson’s ad for the Pure Hot + Cool Fan, saying viewers could be misled about the need to plug the fan in. Read more: Sir James Dyson buys luxury [...]
Google terminates Project Dragonfly, its censored search engine for China July 17, 2019 Google has “terminated” China’s controversial censored search engine, codenamed Project Dragonfly, a top executive has said. The project, which a former Google staffer had called “disturbing”, was shelved last December, but suggestions continued to circulate that the tech giant was still running it. Read more: Donald Trump hints at treason probe into Google Karan Bhatia, [...]
Premier Oil trims net debt as oil production gathers pace July 17, 2019 Premier Oil cut 2019 operating costs and trimmed its debt pile in the first half of 2019, it told shareholders today. The London-listed firm cut net debt from $2.33bn at the end of 2018 to $2.15bn (£1.73bn) in the first half of 2019, slashing it by $180m to stay on track to cut full-year debt [...]