Business

British Airways cancels London flights over 'IT crash'

British Airways cancels London flights over 'IT crash'

BA has not said what is causing the computer failure. Issues started appearing in the morning, but while BA officials hoped to resolve the problem, at 16:45 GMT, the company published a statement and announced it had to cancel all flights out of London for the remainder of the day.



China defends economic policy after Moody's downgrade

China's Shanghai Composite index fell more than 1 percent in early trade, while the yuan currency in the offshore market briefly dipped almost 0.1 percent against the US dollar after the ratings agency announced its decision. About a month later, S&P Global Ratings warned that rising local debt was pressuring the nation's rating. "It over-estimated the difficulties that the Chinese economy is facing", the ministry said in a statement .



Apple unveils new technology at WWDC in San Jose

The company was expected to introduce iOS 11, the next version of the software that powers the iPhone and iPad. The Amazon Echo and Google Home are both smart assistants that happen to play music, but the HomePod's main calling is clearly to be the king of voice-controlled music.



Goldman Gives Lifeline to Venezuela's Socialist Dictator

Julio Borges , president of the opposition-led Congress , wrote in an open letter to Goldman's CEO, Lloyd Blankfein , that he was "outraged" the bank was financially helping the Maduro administration. "We believe there is an global role in the rebuilding of trust among the main political actors in Venezuela as well as the reduction of tensions", Shannon said.


Sears closing 72 stores, including some in Oklahoma

Sears closing 72 stores, including some in Oklahoma

Business Insider says most of the stores will close in September. The store relocated once to a new building within the city until it merged with the Edgewater Mall location in 1977. However, Sears' problems started a long time before the growth of online shopping. More than 20 years ago, it began to suffer from competition from low-price competitors such as Walmart, and big-box stores such as Home Depot.