Boeing 737 MAX certification test flights could start today June 29, 2020 The Federal Aviation Administration (FAA) has confirmed key certification test flights for the grounded Boeing 737 MAX could begin as soon Monday. In an email to Congress, the FAA said its Type Inspection Authorization (TIA) Board completed its review “clearing the way for flight certification testing to begin”. “Flights with FAA test pilots could begin as [...]
Help young Londoners take their first step on the career ladder June 29, 2020 For so many young people, the coronavirus pandemic has left them questioning their educational future and career pathways. It has been such an uncertain time for pupils across the capital. And that’s why this year we were even more determined than ever before to host the London Careers Festival (LCF), albeit in a new format. [...]
Draper Esprit’s bet on tech pays off as portfolio value jumps 18 per cent June 29, 2020 UK venture capital firm Draper Esprit has invested £90m in the year ended 31 March, increasing its gross portfolio value to £703m. The firm has continued to make investments in key tech sectors already benefiting from historic trends, and which have been accelerated by the coronavirus crisis. The figures Draper Esprit’s gross portfolio value increased [...]
The City View: Race, diversity and leadership in business, with Julia Streets June 29, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by Julia Streets, founder of Streets consulting and host of the long-running DiverCity podcast for a wide-ranging conversation about corporate diversity and the importance of leadership at a time when businesses of all sizes are looking to their own track record in improving diversity in [...]
Microsoft to permanently close all retail stores June 26, 2020 Microsoft has said it intends to keep all of its retail locations closed permanently, as it reorganises its sales offering towards online shopping. It said its retail team members will “continue to serve customers from Microsoft corporate facilities”, remotely providing sales, training, and support. No job losses were mentioned. It added that it will reimagine some of its [...]
Ryanair boss Michael O’Leary calls on EU to block KLM bailout June 26, 2020 Ryanair boss Michael O’Leary has called on the European Union to block a €3.4bn (£3.1bn) rescue package for the Dutch wing of Air France-KLM. In a statement, O’Leary said: “We call on the European Commission to block this subsidy doping to KLM, which will further reduce competition and consumer choice in the Dutch and French [...]
France and UK offer concessions on digital tax after US tariff threat June 26, 2020 The Treasury is offering to reduce the scope of its digital services tax if the US promises to come back to the negotiating table on a global proposal, it has emerged. Alongside the finance ministers of France, Italy and Spain, the UK said in a letter to US Treasury secretary Steven Mnuchin it would “considerably [...]
The office is about to be transformed, not eliminated June 25, 2020 Are we seeing the demise of the office? Since lockdown measures spurred a working from home revolution in March, many commentators have predicted that this trend is here to stay. But offices are more than bricks and mortar. They play a vital role in forming the very ethos of a business and help shape the [...]
Softbank boss steps down from Alibaba board June 25, 2020 Softbank Group chief executive Masayoshi Son is to step away from his position on the board of Alibaba, as he defended the firm’s financial health and prospects. Son said he sees the move as “graduating” from Alibaba, a month after the e-commerce firm’s founder Jack Ma resigned from his own position on Softbank’s board. Son [...]
Young’s pub chain taps investors for £88m ahead of pubs reopening June 25, 2020 Young’s pub chain has raised more than £88m from its investors via a share placing ahead of the reopening of pubs from next week. The firm said it had placed a total of 4,263,453 placing shares at 1,160p per share and 4.9m non-voting shares at 735p per share to raise £85.5m. Young’s also raised a [...]