Ford designers are using 3-D goggles in order to virtually imagine an entire car in the middle of the factory floor. The U.S. automotive giant announced Thursday it hopes by expanding testing of the Microsoft HoloLens headset, it can help improve global collaboration and speed up product development cycles. Ford claimed the goggles could help […]
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Budget airline Ryanair cancels 2,000 flights, CEO admits issue was badly handled
Ryanair’s decision to cancel around 2,000 flights due to staffing issues was the right operational decision but the issue was badly handled, the airline’s chief executive admitted at its annual general meeting on Thursday. Since Saturday, the airline was forced to cancel thousands of flights between September 16 and the end of October as many […]
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EIGHT months into Donald Trump’s presidency, the rules-based system of global trade remains intact. Threats to impose broad tariffs have come to nothing. Some ominous investigations into whether imports into America are a national-security threat are on hold. Mr Trump looks less a hard man than a boy crying wolf. All the same, supporters of […]
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IN RECENT days China set the record for the world’s fastest long-distance bullet train, which hurtled between Beijing and Shanghai at 350kph (217mph). This was a triumph of industrial policy as much as of engineering. China’s first high-speed trains started rolling only a decade ago; today the country has 20,000km of high-speed track, more than […]
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German government reportedly favors a Commerzbank-BNP Paribas merger
The German government favors a merger of state-backed Commerzbank with France’s BNP Paribas, German weekly WirtschaftsWoche reported on Thursday, citing financial sources. Discussions at the finance ministry were at an early stage and that the government, which owns a 15 percent stake in Commerzbank after rescuing it during the financial crash, would not discuss the […]
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European markets set to open higher after Federal Reserve hints at December rate hike
European markets were set to open higher on Thursday morning, after the Federal Reserve announced a plan to begin unwinding its balance sheet and signaled one more interest rate hike for this year. Britain’s FTSE 100 is poised to open 7 points higher at 7,271; the German Dax is expected to open up by around […]
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UK leader Theresa May set to deliver major speech on Brexit — here's all you need to know
British Prime Minister Theresa May is poised to travel to Florence, Italy on Friday with ambitions to underline Britain’s hopes for a “special partnership” with the European Union (EU) post-Brexit. In a move likely to be viewed as an attempt to break the current deadlock, May is expected to give an “update on Brexit negotiations […]
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AS EXPECTED, the Federal Reserve announced on September 20th that it will soon begin reversing the asset purchases it made during and after the financial crisis. From October, America’s central bank will stop reinvesting all of the money it receives when its assets start to mature. As a result, its $4.5trn balance-sheet will gradually shrink. […]
Read moreThe Federal Reserve would only veer from its plans to reduce the trillions in stimulus it has provided if the economy were to undergo an unforeseen shock, Chair Janet Yellen said. On the same day the Fed announced it will start rolling off its $4.5 trillion balance sheet portfolio of Treasurys and mortgage bonds, Yellen […]
Read moreAs yet another hurricane rips through the Caribbean, the Federal Reserve on Wednesday said two of its nastiest predecessors, Harvey and Irma, will have little long-lasting economic effects. The central bank, after a two-day policymaking meeting, noted the harm Harvey and Irma caused but said it’s unlikely to be long-lasting. In fact, the Fed actually […]
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