Libyan unrest could put its oil exports at risk August 3, 2014 A SURGE in violence in Libya has led to Britons being evacuated, with analysts warning that the country’s oil exports hang in the balance. Libya has been in the throes of political instability and social unrest since a coup toppled former leader Muammar Gaddafi in 2011. The current flare-up between rival militant groups has led [...]
British Airways owner IAG share price climbs after profit boost August 1, 2014 Shares in the owner of British Airways, International Airline Group, have climbed 1.5 per cent after the group reported a pretax profit of €155m for the six months to June 30. Furthermore, all of the group's airlines had their highest second quarter operating result since 2007. Passenger numbers also rose from 29,137 to 35,480. The [...]
Plain packaging is a losing strategy in the fight against smoking July 30, 2014 In the half-century since the landmark Surgeon General’s Report in the United States that first linked tobacco use to cancer, public-health advocates have made great strides in convincing people to kick the smoking habit–or never pick it up in the first place. The multimedia campaign against smoking continues to rack up successes today, but the [...]
Iberia agrees 1,400 job cuts July 24, 2014 IBERIA, the Spanish airline that merged with British Airways, will cut more than 1,400 jobs after an deal was reached with unions as part of a restructuring programme. International Airlines Group, the holding company for Iberia and BA, said in a statement the jobs cuts would affect pilots and ground staff, and follows a previous [...]
London Report: Reed rise offsets Kingfisher crash as FTSE ends up July 24, 2014 THE FTSE yesterday rose, as gains at media company Reed Elsevier helped offset a slump in home improvements retailer Kingfisher. Britain’s main index closed up 0.3 per cent, or 23.31 points, at 6,821.46. Anglo-Dutch publisher Reed Elsevier climbed 4.37 per cent to 980p, after reporting first-half earnings that beat market expectations. British Airways and Iberia [...]
Israel flights under review July 23, 2014 NUMEROUS airlines in the US and Europe have cancelled flights to Israel as a result of the conflict in Gaza, after a rocket landed just a mile away from Ben Gurion Airport in Tel Aviv. In the UK, easyJet suspended yesterday’s flights to Tel Aviv and said it would review its operations on a day-by-day [...]
US extends flight ban to Israel for another 24 hours July 23, 2014 The United States has renewed its ban on airlines flying to Tel Aviv for a further 24 hours, the Federal Aviation Administration (FAA) said. A host of major US and European carriers suspended flights to Ben Gurion airport in the Israeli city of Tel Aviv on Tuesday, after a rocket strike on Tuesday is reported to [...]
British Airways continues Israel flights as US and European airlines suspend operations July 23, 2014 British Airways is one of the only major European airlines still flying into the Israeli airport Ben Gurion in Tel Aviv. A number of major US and European carriers have suspended flights to the country after rockets from Gaza were fired closed to the airport raising safety concerns. BA’s twice daily flights to the destination [...]
Inmarsat: The London firm leading the race into outer space July 21, 2014 Inmarsat boss Rupert Pearce explains the firm’s mission. Walking past Inmarsat’s imposing head office on Old Street roundabout is probably the closest the average Londoner will ever come to travelling through space. Inmarsat oversees 11 satellites in orbit. The 35-year-old company is light years ahead of the government’s proposal, unveiled last week, to [...]
Malaysian Airlines flight MH17: Ukraine crash reignites crisis July 17, 2014 A passenger jet was shot down over Ukraine near the Russian border yesterday, killing around 300 people and straining the already tense geopolitical situation. Malaysia Airlines flight MH17 from Amsterdam and Kuala Lumpur lost contact with the ground at around 2:15pm GMT. Six of the passengers killed are believed to have been British, and 80 [...]