(Reuters) – Starbucks exceeded Wall Street forecasts for quarterly sales on Thursday, led by the popularity of its holiday-themed drinks in the United States, where its growth has been cooling in an increasingly crowded market for coffee houses. The world’s largest coffee chain said it listened to customers and brought back its much loved red-colored […]
CHICAGO (Reuters) – Delta Air Lines said on Friday it had decided to postpone the debut of its Airbus A220 due to delays in the Federal Aviation Administration certification process, which has stalled during the partial U.S. government shutdown. Delta had been planning to launch the new aircraft in January, but said it will now […]
A hard Brexit would cause a severe shock to economic growth here which could fall to just 1.5pc this year, the slowest pace since 2012, according to the Central Bank. However, it stressed this was a “scenario” rather than a forecast, and that its main assumption was still for a negotiated Brexit and growth of […]
The Irish border backstop issue is “done” and the European Union has “nothing to give” the UK on the Brexit deal apart from “clarifications”, the French finance minister has warned. Bruno Le Maire said it was up to Theresa May’s government to find a way out of the situation it found itself in, not EU […]
A group of San Francisco Bay Area philanthropists has pledged to spend half a billion dollars to protect and expand affordable housing in the region, according to an announcement on Thursday. A central player in the project is the philanthropy founded by Facebook’s chief executive, Mark Zuckerberg, and his wife, Dr. Priscilla Chan. The effort, […]
High street pub JD Wetherspoon has been pulling drinks from shelves for more than a year over its hard-line stance on Brexit . Its boss – Tim Martin – has been sticking to a promise to sell more UK and non-EU brands as Britain prepares to go break away in March. In September, it withdrew […]
The competition watchdog has formally raised "serious concerns" with Viagogo about its compliance with a court order secured to protect consumers. The Competition and Markets Authority (CMA) said the secondary ticketing website must now address the concerns or face a return to court. Viagogo claimed it had met last Thursday’s midnight deadline to comply with […]
Gecas, one of the world’s top aircraft lessors, may have to be broken up to make it digestible for a potential buyer of its jet leasing unit, the CEO of rival AerCap has predicted. Any sale of GE’s Shannon-headquartered aviation leasing arm is unlikely to be to a traditional private equity company and its units, […]
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results. The No. 2 U.S. automaker, which has announced an alliance with Germany’s Volkswagen AG (VOWG_p.DE), is restructuring operations globally. It is making cuts in Europe, looking to reorganize […]
FRANKFURT (Reuters) – Germany’s top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles. Carmakers and tech companies have been in a race to develop self-driving […]