The mid-flight blast that threw Boeing Co. into a crisis of confidence was no surprise, considering deficiencies in the company’s safety culture, an aerospace expert plans to tell lawmakers Wednesday.…
Category: Business News
UK rental costs rise at record 9.2%
Stay informed with free updates Just sign up to UK property myFT Digest: delivered straight to your inbox. UK rents rose at a record pace of 9.2% last month, while…
Water levels in Russia’s Kurgan exceed Reuters ‘hazardous’ levels
(Reuters) – Water levels in the Tobol River around the town of Kurgan in Russia’s southern Urals have crossed the “dangerous level” threshold, state news agency RIA reported on Wednesday,…
Russia expects faster growth than advanced economies in 2024: IMF says
Hot liquid metal pours out of a blast furnace during the smelting process at the Evraz Consolidated Metallurgical Plant in western Siberia in Novokuznetsk, Russia, July 22, 2020. Bloomberg |…
Powell threatens to keep interest rates high “for as long as necessary” as recent data shows it is “likely to take longer than expected” for inflation to fall
Federal Reserve Chair Jerome Powell warned Tuesday that persistently high inflation will likely delay any Fed interest rate cuts until the end of the year, opening the door to a…
see how your country compares
Stay informed with free updates Just sign up to Global economy myFT Digest: delivered straight to your inbox. Central banks around the world are expected to reduce borrowing costs as…
Morgan Stanley is cutting dozens of investment banking jobs in Asia-Pacific, sources tell Reuters
HONG KONG (Reuters) -Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region, three sources said, becoming the latest global bank to scale back operations in…
The United Arab Emirates is hit by severe flooding as record rainfall disrupts Dubai flights
People cross a submerged road after heavy rain in the United Arab Emirates on April 16, 2024. Anadol | Anadol | Getty Images One of the world’s busiest airports has…
Canada proposes higher tax at 0.1%: it’s ‘simply harder for anyone under 40 to get ahead,’ finance minister says
Canadian Prime Minister Justin Trudeau’s government announced Tuesday that it will impose higher taxes on wealthier Canadians as part of the federal budget. The budget proposes to increase the capital…
US and EU prepare new sanctions against Iran after Israeli attack
The US and EU are preparing new sanctions on Iran’s missile and drone program in response to the Islamic republic’s attack on Israel, but the UK and European governments are…