Business

Unlikely partners? China and Israel deepening trade ties

[ad_1] Image copyright Getty Images Image caption Israeli Prime Minister Benjamin Netanyahu and Chinese President Xi Jinping have met on a number of occasions to boost ties between the two countries On paper Israel and China are unlikely close trading partners.China, the world's second-largest country, is the biggest exporter on the planet. While Israel, a tiny strip of land in the Middle East, is only in 45th place on the
Business

Publishers warn of Brexit threat to record exports

[ad_1] Image copyright Getty Images The UK publishing industry has warned that Brexit could damage its record-breaking export business.The boss of the Publishers Association said any tariffs or other barriers to trade post-Brexit "could be a problem". His warning came as the industry body reported record sales of £5.7bn in 2017, up 5% on the previous year.Exports rose by 8% to £3.4bn, to account for 60% of total income, consolidating
Business

Ryanair cancels 600 flights over cabin crew strike

[ad_1] Image copyright Reuters Image caption The strike will affect some of the airlines European routes on Wednesday 25 July and Thursday 26 July Irish airline Ryanair has cancelled up to 600 flights over two days next week due to a strike by cabin crew in Belgium, Portugal and Spain. It will affect almost 50,000 passengers who had booked to fly to or from those three countries on Wednesday 25
Business

Farnborough Airshow: Aston Martin unveils sports car for the skies

[ad_1] Image copyright Aston Martin Luxury carmaker Aston Martin has unveiled plans for a personal aircraft dubbed a "sports car for the skies".The company has teamed up with jet engine maker Rolls-Royce and engineering boffins at Cranfield University on the futuristic project.A concept aircraft was unveiled at the Farnborough Airshow, but the consortium hopes to have a flying version ready for the next show in two years.The three-seat hybrid-electric vehicle
Business

Premier Foods boss survives investor revolt

[ad_1] Image copyright Reuters Premier Foods boss has survived a bid to oust him at the company's annual meeting after 41% of shareholders voted against his re-election.Activist hedge fund Oasis Management, the firm's second-largest shareholder, had called for Gavin Darby to resign.It claimed he had destroyed shareholder value by rejecting a takeover bid.More than a quarter of investors also rejected the remuneration report, with a similar number voting against chairman
Business

Rail ombudsman created to handle rising tide of complaints

[ad_1] Image copyright EPA A new rail ombudsman is to be set up to handle complaints from passengers about train travel.Complaints about train services are currently running at over half a million a year, following widespread dissatisfaction.The ombudsman will deal with complaints that have not been resolved by train operators or passenger groups such as Transport Focus.It is thought around 6,000 complaints a year will be referred to the service.
Business

Farnborough Airshow: Airlander to offer ‘luxury expeditions’

[ad_1] Image copyright HAV Image caption Airlander 10 took off six times from its former base at Cardington The world's longest aircraft, which collapsed at its former base last year, is to offer "luxury expeditions". The passenger cabin for Airlander 10, a combination of plane and airship based in Bedford, was unveiled at the Farnborough Airshow.Hybrid Air Vehicles (HAV), the company behind the £25m craft, said it is "approaching air
Business

Scunthorpe-based British Steel announce £50m mill investment

[ad_1] Image copyright Steve Morgan/British Steel Image caption The upgrade of the rod mill is to be completed by 2019, the company said. British Steel has announced a £50m upgrade of its Scunthorpe rod mill.The company, based in the North Lincolnshire town, said it was the "biggest single investment in its manufacturing operations for a decade".Work at the Scunthorpe site is due to start this summer and the new operation
Business

Gaucho restaurant chain collapses – BBC News

[ad_1] Image copyright Gaucho Image caption Gaucho already runs 15 restaurants in the UK, including one in Richmond, Surrey About 1,500 jobs are at risk after the Gaucho restaurant chain said it intended to appoint administrators.The chain's owners, the private equity firm Equistone, had been trying to find a buyer for the 16-restaurant chain and its sister chain, Cau.However, high debt levels and a complex legal structure meant it had