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Archive for March 30th, 2008BA says sorry again for London airport terminal farcePosted by UK Economy News
In UK financial news
30Mar 08 British Airways apologised again Sunday for the cancelled flights, passenger delays and lost baggage that have emerged from the chaotic opening of London Heathrow airport's new Terminal 5.
Read full story Economy and cash woes and a dash of denialPosted by UK Economy News
In UK financial news
30Mar 08 Investors' twin obsessions of U.S. economic decline and money market liquidity will both get an airing this week as the first quarter begins with key data and a test of central banks' effectiveness.
Read full story Comments Off IMF faults Sri Lanka on double-digit inflationPosted by UK Economy News
In UK financial news
30Mar 08 Sri Lanka's double-digit inflation is not driven by runaway global crude prices but by poor economic management, the International Monetary Fund (IMF) said Sunday.
Read full story Comments Off US prepares to give Fed sweeping new oversightPosted by UK Economy News
In UK financial news
30Mar 08 The US government is set Monday to propose sweeping new oversight powers to the Federal Reserve, including tighter surveillance of financial markets in a bid to avoid calamities like the current "subprime" lending crisis.
Read full story Comments Off Northern Rock results to reveal plunging profits: reportPosted by UK Economy News
In UK financial news
30Mar 08 Nationalised British bank Northern Rock, which will post its annual results on Monday, was widely forecast to swing into the red because of the global credit crunch, the Sunday Times reported.
Read full story Comments Off First transatlantic flights land at Heathrow under ‘Open Skies’Posted by UK Economy News
In UK financial news
30Mar 08 A Continental Airlines flight from New York arrived at London's Heathrow airport Sunday morning, marking the beginning of the ground-breaking "Open Skies" agreement to free up transatlantic air travel.
Read full story Comments Off Tesco puts brakes on U.S. rolloutPosted by UK Economy News
In UK financial news
30Mar 08 Tesco has halted the rollout of Fresh & Easy, its chain of U.S. convenience stores, while it reviews the performance of the startup business, the Sunday Telegraph reported.
Read full story Comments Off Extended strike at key supplier weighs on GMPosted by UK Economy News
In UK financial news
30Mar 08 A month-long strike at a key General Motors' supplier is hurting the automaker's bottom line and may erode its US market share at the same time an economic slowdown is putting the skids on its restructuring program.
Read full story Comments Off Markets brace for slump in Japanese business confidencePosted by UK Economy News
In UK financial news
30Mar 08 A key survey of corporate Japan is expected to show that business confidence has plunged to a four-year low on worries about high oil prices, a stronger yen and a weak US economy, analysts predict.
Read full story Comments Off Marubeni employees’ scam hit LehmanPosted by UK Economy News
In UK financial news
30Mar 08 Lehman Brothers was fleeced out of more than $355 million in a fraud the U.S. investment bank believes was perpetrated by two employees at Japanese trading house Marubeni Corp., according to a person briefed on the matter.
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