Theresa May is facing a backlash from MPs as she heads to Brussels to appeal to EU leaders to grant her a delay to Brexit. The British prime minister’s Downing Street statement, in which she blamed MPs for failing to implement the result of the 2016 EU referendum and told frustrated voters “I am on […]

BEIJING (Reuters) – China’s Geely Automobile Holdings posted an 18 percent jump in annual net profit, driven by higher sales of its sedans and sports utility vehicles (SUVs), but forecast flat sales growth in 2019 due to uncertainty about domestic demand. Geely, China’s most high-profile car maker globally thanks to the Geely group’s investments in […]

CHICAGO/SINGAPORE (Reuters) – Pressure mounted on Boeing Co in Washington as U.S. lawmakers called for executives to testify about two crashed 737 MAX jets, even as the world’s biggest planemaker worked to return the grounded fleet to the skies. A Senate panel plans to schedule a hearing with Boeing at an unspecified date, officials said, […]

Small businesses are resigned to whatever happens with Brexit as they do not have the resources to plan for a no-deal scenario, according to the Federation of Small Businesses.  The organisation has told Sky News that many are finding it impossible to made decisions ahead of a week’s time when the UK could be leaving […]

WASHINGTON (Reuters) – The Pentagon Inspector General said on Wednesday that it would investigate a complaint that acting Pentagon chief Patrick Shanahan, a former Boeing executive, violated ethical rules by allegedly promoting Boeing while in office. Last week Citizens for Responsibility and Ethics in Washington, a watchdog group, filed a complaint with the Inspector General […]

LONDON — European authorities on Wednesday fined Google 1.5 billion euros for antitrust violations in the online advertising market, continuing its efforts to rein in the world’s biggest technology companies. The fine, worth about $1.7 billion, is the third against Google by the European Union since 2017, reinforcing the region’s position as the world’s most […]

WASHINGTON (Reuters) – The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the economy. In a major shift in its perspective, the Fed also now expects to raise borrowing costs only once more through […]

GOTHENBURG (Reuters) – Volvo Cars expects its margins on electric cars to match those of vehicles with combustion engines by 2025, the head of the Chinese-owned Swedish carmaker told Reuters. Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years but have admitted that […]

Energy bills can be complicated – even at the simplest of times. Each year, hundreds of people report issues with them – from usages that don't add up, to house-movers being slapped with sky high bills for energy they never used. It's a nightmare. Inaccuracies are the most confusing – leading to complaints that can […]

(Reuters) – U.S. stocks fell on Wednesday after economic bellwether FedEx Corp’s downbeat profit outlook raised concerns about global growth, while investors waited for more clarity on the Federal Reserve’s interest rate forecasts for the rest of the year. The central bank is expected to keep the fed funds rate steady and lower the number […]