The Federal Aviation Administration is investigating whether Boeing failed to make sure a panel that blew off a jetliner in midflight last week was safe and manufactured to meet the design that regulators approved. The FAA investigation announced Thursday is focusing on plugs used to fill spots for extra exits when those doors are not … Read more
Millions of drivers could be in line for a payout, it has been claimed, after the UK financial watchdog opened an investigation into whether consumers had been unfairly charged inflated prices for loans on new and secondhand cars. The Financial Conduct Authority said on Thursday that it had decided to examine whether a compensation scheme … Read more
RICHMOND, Virginia: U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank’s 2% target to allow them to reduce interest rates in coming months. Overall consumer price inflation on a 12-month basis rose to 3.4% in … Read more
A letter from Mike Harding is always worth a read and that applies to his recent one about his travails when attempting to rent a car in Ireland (Letters, 5 January). However, as “the very nice man who chairs the association of car rental organisations in Ireland”, I must clarify one thing. Car rental companies in … Read more
The former UK boss of Fujitsu, the technology firm whose flawed IT system is at the heart of the Post Office Horizon scandal, received a £2.6m payoff after standing down from the company in 2019, corporate filings suggest. Fujitsu has come under increasing scrutiny during the public inquiry into the Horizon scandal, which led to … Read more
It’s off to the moon for bitcoin’s price, then? That, at least, was the tone of advance opinion among the crypto crew if the US financial regulator approved the creation of exchange traded funds (ETFs) that track the value of the cryptocurrency. Now the Securities and Exchange Commission, grudgingly and with a heavy warning that … Read more
Boeing is facing a formal investigation into whether it made sure 737 Max 9 planes were “in a condition for safe operation” after a cabin panel blew off during an Alaska Airlines flight. “This incident should have never happened, and it cannot happen again,” the Federal Aviation Administration said, announcing an investigation into whether the … Read more
Starbucks, the coffee chain that has long portrayed itself as an ethical business and fair employer, is being sued by a US consumer group that claims its image is a deception that hides multiple instances of labor and human rights violations in the making of its products. While the coffee giant has committed to “100% … Read more
Marks & Spencer has hailed its “best ever Christmas” as customers flocked back for cheaper than expected everyday food items – and reliably affordable clothing – as the company made a concerted push for a bigger share of the weekly grocery shop. Under boss Stuart Machin the group has been opening larger stores, cutting prices … Read more
Progress in the public inquiry into the Horizon IT scandal has been repeatedly halted by obstacles, many of them put in place by the Post Office itself. The company, which is wholly owned by the state and thus the British taxpayer, has been accused of trying to slow down or frustrate attempts to piece together … Read more
