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Boeing grounded: What it means for air travel

Boeing grounded: What it means for air travel

The grounding of Boeing's 737 Max fleet is expected to cause little air travel disruption - at least for now. The plane-maker grounded its global fleet of the aircraft as a safety precaution after new evidence emerged about a fatal crash involving the...

BBC, 14 March 2019
 

Universities unite to fund entrepreneur programme

Scottish universities have joined forces with national funding bodies to support a “pioneering” enterprise programme encouraging the country’s next generation of entrepreneurs. All 18 of Scotland’s universities have pledged financial backing for this...

Scotsman, 14 March 2019
 
What impact will China's new foreign investment law have?

What impact will China's new foreign investment law have?

China is rushing through a foreign investment law in an apparent attempt to placate Washington as negotiators try to dig the world's two largest economic powers out of an ongoing trade war. But who will it benefit most? The 3,000 or so delegates to...

BBC, 14 March 2019
 
Classic car industry fears Trump and Brexit roadblock

Classic car industry fears Trump and Brexit roadblock

For more than four decades Elliot Cuker has been selling classic cars from his garage in New York, but last year he hit a roadblock. "I have been in business for 42 years, and 2018 stands out as one of the worst," he says. Now in his 70s, Mr...

BBC, 14 March 2019
 
Mike Ashley refers Debenhams board to regulator over profit warning

Mike Ashley refers Debenhams board to regulator over profit warning

Mike Ashley's Sports Direct has fired more shots in its ongoing battle with the board of Debenhams. The retailer has made a complaint to the Financial Conduct Authority (FCA) accusing the board of giving misleading advice to investors. The department...

BBC, 13 March 2019
 
Pound jumps to nine-month high

Pound jumps to nine-month high

The pound has jumped to highs last seen in June 2018 after Parliament rejected a no-deal Brexit. Investors saw less risk of a disorderly exit from the European Union. MPS rejected leaving the EU without a deal in any scenario, paving the way for a...

BBC, 13 March 2019
 
Hammond promises Brexit dividend in spring statement

Hammond promises Brexit dividend in spring statement

Philip Hammond has promised a Brexit dividend to boost spending on public infrastructure projects and vital services, after forecasts of lower government borrowing over the next five years swelled the chancellor’s war chest to £26.6bn. The chancellor...

Guardian, 13 March 2019
 
OBR caps UK growth forecast at 1.2% but says five-year outlook bright

OBR caps UK growth forecast at 1.2% but says five-year outlook bright

Britain’s economy will struggle to grow by more than 1.2% this year as Brexit uncertainty hits business investment and sends house prices into reverse for the first time since the 2008 financial crash, the Office for Budget Responsibility has warned....

Guardian, 13 March 2019
 
Trump follows lead of other nations and grounds Boeing 737 Max planes

Trump follows lead of other nations and grounds Boeing 737 Max planes

Donald Trump grounded Boeing’s 737 Max fleet on Wednesday, days after the second fatal crash involving the plane in five months. Issuing an emergency order, Trump said all 737 Max jets in the US would now be grounded. “Planes that are in the air will...

Guardian, 13 March 2019
 
HMRC in line for £1bn windfall from Lehman Brothers collapse

HMRC in line for £1bn windfall from Lehman Brothers collapse

More than a decade after the collapse of Lehman Brothers sparked the global financial crisis, the British taxman may be in line for a £1bn windfall from the catastrophe. The UK supreme court on Wednesday ruled that administrators overseeing the...

Guardian, 13 March 2019
 
Debenhams board accused of 'deliberately misleading' statements

Debenhams board accused of 'deliberately misleading' statements

Sports Direct has accused Debenhams of putting out “deliberately misleading” statements in the latest strike in its battle against the department store’s board. In a letter sent to the department store chain the night before it issued a profits...

Guardian, 13 March 2019
 
Jaguar Land Rover recalls 44,000 cars over carbon dioxide levels

Jaguar Land Rover recalls 44,000 cars over carbon dioxide levels

Jaguar Land Rover has been forced to recall more than 44,000 cars for repairs after UK regulators found some models were emitting more carbon dioxide than previously thought. The Vehicle Certification Agency found 10 models for the Land Rover and...

Guardian, 13 March 2019
 

Dundee developer to double staff after video game deal

Dundee game developer Tag Games is aiming to double its headcount after partnering with an animation technology firm for a “genre-defining” project. Tag will team up with NaturalMotion – part of US gaming giant Zynga – to support the development of...

Scotsman, 13 March 2019
 

Collapsed McGill is sold to local property firm

McGill & Co, the Dundee-based contracting group that fell into administration last month, has been bought by a property group in the city. Catalus Energy Investments, owned by Dundee-based businessman Graeme Carling, has acquired the business and...

Scotsman, 13 March 2019
 

Weaker new car sales dent Lookers

Car dealership group Lookers, which also trades as Taggarts in Scotland, yesterday said political uncertainty around Brexit was continuing to take its toll on the new car market. The chain blamed a drop in new car sales and increased costs for...

Scotsman, 13 March 2019
 


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