Economy
Boeing to face civil trial over 2019 MAX crash
Beleaguered aviation giant Boeing is set to confront another hurdle next week when it faces a civil trial over the March 2019 Ethiopian Airlines crash that killed 157 people. The MCAS was a flight stabilizing system that malfunctioned in both the Ethiopian Airlines and in the October 2018 Lion Air crash in Indonesia, which killed 189 people.
UK rules drivers on Bolt ride-hailing platform are employees
UK drivers using the Bolt ride-hailing platform should be considered employees and have access to rights such as the minimum wage and paid holidays, an employment tribunal ruled Friday. The tribunal said that its ruling applied to all drivers who used Bolt as their only platform for finding customers.
Butchers increase price of cow leg as transportation gets more expensive
The price of meat has increased in markets across the country just as the National Bureau of Statistics revealed that transportation cost increase again.
European businesses brace for Trump return
The return of Donald Trump and his protectionist agenda to the White House will likely rock US trade relations with the world, including Europe. The World Trade Organization deemed the tariffs illegal in 2021 but the United States has yet to follow the WTO ruling.
Cartier owner's profit sinks as China sales slump
Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector. Gucci owner Kering said its sales sank 15 percent in the same quarter due to slowing consumer spending in China.
UN aims to set standards for scandal-hit carbon markets
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Observers say it is possible that the text laying out standards for the voluntary system could pass more easily than decisions covering country-to-country carbon trading.
After Trump win, EU leaders tackle 'urgent' reform agenda
Reforming Europe's economy is all the more urgent following Donald Trump's US election win, warned the author of a blockbuster report, Mario Draghi, ahead of talks Friday with EU leaders in Budapest on tackling the challenge. They have become even more urgent after the US elections," Draghi said.
France expects massive slump in 2024 wine harvest
Unfavourable weather has likely slashed France's 2024 wine harvest by 23 percent compared to the previous year, the agriculture ministry said in an estimate published Friday. If confirmed, the figure would also be a 17-percent drop on the average for the past five years.
Climate change poses multiple risks for banks
Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the courtroom. - Reputation risk - The research done by NGOs like Finance Watch and Reclaim Finance evaluating bank lending in light of climate change is regularly used by media and has begun to tarnish their public image.
Economy
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