Business

Airlines keeping safety training ‘to an absolute minimum’

[ad_1] Image copyright Getty Images The head of the UK's Flight Safety Committee says that airlines and plane manufacturers are keeping safety training to an "absolute minimum" under pressure to keep their costs low.Dai Whittingham, head of the trade group, said the industry has "less desire to provide training".Pilot training is in focus after the Boeing 737-Max Ethiopia Airlines flight 302 crashed, killing all 157 on board.Boeing said safety was
Business

How a Chinese firm fell victim to intellectual property theft

[ad_1] Image caption Frank Liu says his company Intco was the victim of intellectual property theft There was no break in, no hold up. No glass was smashed. But the factory on the outskirts of Shanghai was the scene of a very modern crime. Someone stole a hoard of intellectual property."A couple of years ago one of my IT managers copied ten thousand pages of my entire company's profile," Frank
Business

Mike Ashley considering cash bid for Debenhams

[ad_1] Image copyright PA Mike Ashley's Sports Direct has said it is considering making an offer to buy Debenhams outright as a way to save the ailing department store chain. Mr Ashley, who is Debenhams' largest shareholder, has been seeking control of the group and had offered to lend it £150m or buy its Danish subsidiary. Debenhams rebuffed these offers and is pursuing its own refinancing plan. But on Friday
Business

Ethiopian Airlines ‘believes in Boeing’

[ad_1] Image copyright Getty Images Image caption Debris from Ethiopian Airlines flight 302 The boss of Ethiopian Airlines said he still "believes in Boeing" in spite of a crash involving the US firm's 737 Max plane which killed 157 people.Tewolde Gebremariam said: "Despite the tragedy, Boeing and Ethiopian Airlines will continue to be linked well into the future."Separately, Mr Gebremariam also said the aircraft's anti-stall system was triggered prior to
Business

Autonomy boss in ‘deliberate fraud’, court told

[ad_1] Image caption Mike Lynch, founder of Autonomy The founder of software giant Autonomy, Mike Lynch, "committed a deliberate fraud over a sustained period of time" to artificially inflate its value, the High Court was told on Monday.Hewlett-Packard (HP) is suing Mr Lynch and former chief financial officer Sushovan Hussain for $5bn (£3.8bn).They claim the two "artificially inflated Autonomy's reported revenues, revenue growth and gross margins".Hewlett-Packard (HP) paid $11.1bn (£8.4bn)
Business

Nike fined by EU for restrictions on football merchandise sales

[ad_1] Image copyright Getty Images Nike has been fined by the European Commission for restricting the sale of products carrying the logos of some of Europe's best known football clubs.The €12.5m (£10.7m) fine concerns merchandise such as mugs, bed sheets and stationery, which carries the brand of the club, but not Nike's trademark.Manchester United and Barcelona goods were among those affected.The commission found Nike restricted firms who made and sold
Business

Debt problems ‘linked to mental health issues’

[ad_1] Image copyright Getty Images People with mental health issues are three-and-a-half times more likely to be in problem debt than those without such conditions, analysis suggests.This link was even stronger for certain conditions such as bipolar disorder and depression, the Money and Mental Health Policy Institute said.It said those with Obsessive Compulsive Disorder (OCD) were six times more likely to have serious money troubles.It is leading calls for greater
Business

Automation could replace 1.5 million jobs, says ONS

[ad_1] Image copyright Getty Images Image caption Women are at the highest risk of seeing their jobs taken over by robots Some 1.5 million people in England are at high risk of losing their jobs to automation, according to the Office for National Statistics (ONS).It says those most likely to lose to automation are women, with a 70% chance of this happening. Part-timers and the young are the next most
Business

Jet Airways founder Naresh Goyal steps down amid crisis

[ad_1] Image copyright Getty Images Image caption Jet Airways is India's oldest private airline The founder of cash-strapped Indian airline Jet Airways has stepped down as chairman of the company. Naresh Goyal's resignation will likely pave the way for potential investors to save India's oldest private carrier. They were held back by Mr Goyal's reluctance to give up control of the company, reports say. Jet's debt exceeds $1bn (£750m) and