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 […]

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 […]

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 […]

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 […]

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 […]

A group of real estate agents who colluded to push up local fees in southwest England has been fined £370,084 ($500,620) by national competition authorities after incriminating emails were uncovered detailing the cartel’s illegal plans. The six agents were all based in the Burnham-on-Sea area in the county of Somerset and had agreed in a […]

British retail sales unexpectedly surged in August, official figures showed on Wednesday, boosting the chance that the Bank of England will raise interest rates in November. Last week the BOE said it was likely to raise interest rates in the coming months if the economy and inflation pressures strengthen as expected. Wednesday’s official data showed […]

Spanish police are reported to have raided several departments of Catalonia’s regional government as tensions rise between Madrid and the pro-independence regional government over a banned independence referendum. Several news reports state that Spain’s Guardia Civil entered several departments of the Catalonian government this morning, arresting a junior minister, as they continue to seek more […]

European markets were set to open mixed on Wednesday morning, as investors observed heightened geopolitical tensions over the Korean Peninsula and awaited monetary policy guidance from the Federal Reserve. Britain’s FTSE 100 is poised to open 5 points higher at 7,276; the German Dax is expected to open down by around 15 points at 12,545 […]

Germany’s Thyssenkrupp and India’s Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent’s No.2 steelmaker after ArcelorMittal. The deal will not involve any cash, Tata Steel said, adding that both groups would contribute debt and liabilities to achieve an equal shareholding […]