Business


Learjet crash near New York City kills two crew members

Although the reason for the crash hasn't been revealed yet, the National Weather Service said strong winds had been reported in the area which could be the reason why the plane crashed. The aircraft, which was built in 1981, is owned by A&C Big Sky Aviation LLC in Billings, Montana, according to FAA records. The FAA also said that the LearJet crashed around 3:30 PM at about 0.8 kilometers away from runway 1 of Teterboro Airport shortly.



Billiton name to disappear from BHP

Elliott, which owns 4.1% of BHP's UK-listed business, remains unconvinced and called on BHP's CEO Andrew Mackenzie to launch an independent review of the business. a year before the 2001 merger with Billiton PLC when it combined names and adopted a dual London- and Sydney-listed structure. In its letter, Elliott also shifted a push for BHP to spin off its USA oil and gas assets, which include activities in the Gulf of Mexico and vast onshore shale acreage.


Vodafone reports annual loss of over €6 billion

Vodafone reports annual loss of over €6 billion

The company raised its final dividend by 2.0% to 10.03 euro cents, bringing the total dividend for the year to 14.77 euro cents, a 2% increase. The group, which operates in 26 countries, wrote down the value of its Indian unit by €3.7bn after a major price war broke out past year.



Oil Gets a Boost From Shrinking US Crude Glut

Crude prices rose further in Asia on Thursday, building on overnight gains following an upbeat report on USA inventories. In the report, OPEC pointed to continued high compliance by its members with the supply cut deal and said oil stocks in industrialised nations fell in March - although they are still 276 million barrels above the five-year average.



Germany and France agree to draw up roadmap on developing EU

French President Emmanuel Macron has appointed Edouard Philippe, a relatively unknown 46-year-old lawmaker, as prime minister, making good on campaign promises to repopulate French politics with new faces. He said that if the right fails to win the elections in June, "the country will not understand that we engage in a systematic opposition". He's also a member of the mainstream-right Republicans party that was badly battered by Macron's victory in the presidential campaign.



Running Windows? How to protect against the big ransomware attack

Urging businesses and computer users to keep their systems current and updated , Smith says the WannaCry attack shows the importance of collective action to fight cyber crime. The investigations into the attack were in the early stages, however, and attribution for cyber attacks is notoriously hard. Since that initial attack, agencies and companies from the police to banks and communications firms have put preventive measures in place, while Qihoo 360 Technology Co., Tencent Holdings Ltd.