Trump says Federal Aviation Administration will ground Boeing 737-Max 8 planes over safety concerns March 13, 2019 US President Donald Trump has pushed through an "emergency order" to the US Federal Aviation Administration (FAA) "to ground all 737 Max 8 and the 737 Max 9, and planes associated with that line," after an Ethiopian Airlines plane crashed and killed 157 people. The FAA – and Trump by association – had both come under pressure [...]
Canada bans Boeing crash jet, piling more pressure on ‘dogmatic’ US authorities to follow suit March 13, 2019 Boeing’s misery deepened yet further today as Canadian authorities joined others around the globe in banning its latest jet model from their airspace. The move heaps yet more pressure on US regulators to ban Boeing’s new 737 Max range after it suffered its second fatal crash in five months on Sunday. Read more: Boeing's Ethiopian [...]
No gas boilers in new British homes after 2025, chancellor pledges March 13, 2019 New British homes will soon be built without gas boilers as the government tries to tackle emissions. The new future homes standard will ban fossil fuel heating systems in all new houses from 2025, the chancellor said today. Read more: Spring Statement: UK slashes 2019 growth forecast The measure will help homes reach “world-leading levels [...]
Hammond calls for competition probe into digital advertising market March 13, 2019 The government will call on the competition regulator to launch an inquiry into the digital advertising sector amid concerns about the dominance of tech giants. Presenting his Spring Statement this afternoon, Chancellor Philip Hammond said he will ask the Competition and Markets Authority (CMA) to review the market and ensure Google and Facebook “pay their [...]
Spring Statement: Chancellor to consult on new ways of funding infrastructure projects March 13, 2019 The government is to launch a consultation on how the government pays for infrastructure projects such as Crossrail and HS2 in future, the chancellor said today. In a Spring Statement overshadowed by an impending vote by MPs on whether to accept a no-deal Brexit, Philip Hammond said he would consult business on how to fund [...]
Spring Statement: Philip Hammond demands Brexit consensus as he warns of no deal dangers March 13, 2019 Philip Hammond used his Spring Statement today to urge MPs to compromise on Brexit as he launched a savage assessment on the economic risk of ‘no deal’. Speaking a day after parliament again voted down Theresa May’s withdrawal agreement, the chancellor said leaving the EU without a deal would increase unemployment and food prices, and [...]
Boris Johnson invokes anger by claiming historic child sexual abuse probe money is ‘spaffed up the wall’ March 13, 2019 Boris Johnson came under fire today for “disgusting” comments he made saying public money was being “spaffed up the wall” on investigating historic cases of child abuse. The former London mayor made the remarks on LBC, saying the money would be better spent on tackling knife crime. Read more: Boris Johnson urges May to secure [...]
Bank for International Settlements warns central banks over risk posed by cryptocurrency exposure March 13, 2019 The Bank for International Settlements (BIS) has warned banks that cryptocurrencies could pose a risk to financial stability. The BIS Basel Committee, which sets regulatory standards for central banks, said the growth of crypto asset trading platforms and new financial products could increase the risks faced by lenders. Read more: Most UK consumers unable to [...]
ii winter portfolios 2018-19 deliver mega profits March 13, 2019 | City Talk Four months into this six-month strategy and both our winter portfolios are thriving, writes Lee Wild. Finding a trading strategy that works 100 per cent of the time is the Holy Grail of investing. We’re not claiming to have found it here, and seasonal trading is not for everyone, but there is a statistical anomaly backed [...]
DEBATE: With just 16 days to go until Brexit, is there any point to the Spring Statement? March 13, 2019 With just 16 days to go until Brexit, is there any point to the Spring Statement? Yael Selfin, chief economist at KPMG, says YES. While Brexit is likely to dominate minds again this week, and continue to bring a fog of uncertainty over the outlook for the UK economy, the Spring Statement is still important. [...]