Business

Ryanair cancels 600 flights due to strike of flight attendants

Ryanair cancels 600 flights due to strike of flight attendants

Cabin crew have raised similar issues to Ryanir's Irish pilots in relation to seniority procedures for base transfers and promotions, but is also petitioning the carrier to stop forcing European cabin crew to set up Irish bank accounts. Ryanair plans to cancel 24 flights between Ireland and Britain on Friday due to a strike by its Ireland-based pilots, the second of three planned for July, Europe's largest airline by passenger numbers said on Tuesday.


Burberry admits to destroying products to save its IP

Burberry admits to destroying products to save its IP

There was an increase in the amount of Burberry product destroyed past year due to a one-off licence agreement for their beauty division with Coty. The upmarket label says it continues to seek ways to reduce and revalue its waste. But Burberry claimed that the burning of the products was done in an environmentally friendly way. Naturally, investors were scratching their heads over this shocking move at an annual meeting, with some of them wondering why shareholders weren't offered the ...


Trump criticises Federal Reserve interest rate policy despite strong economy

Trump criticises Federal Reserve interest rate policy despite strong economy

Federal Reserve Chairman Jerome Powell has raised rates twice this year, with two more increases projected to come, saying he believes the economy is strong enough for the Fed to continue on its recent path. "It could be 80 percent (since the election) if I didn't want to do this", said the president. Speaking about Fed policy in his interview with CNBC, Trump said he is "letting them do what they feel is best".


Marchionne replaced as FCA boss due to failing health

Marchionne replaced as FCA boss due to failing health

Marchionne has overseen numerous changes that have returned Ferrari to success in recent years and was heavily involved in decisions on driver line-up and the team's overall direction. His credentials include running the profitable Jeep and Ram brands and he also built the company's presence in Asia. He unveiled FCA's plans through 2022.