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Trump wants Venezuelas oil. Will his plan work?
Archie Mitchell,Business reporterand Natalie Sherman,Business reporter Reuters Donald Trump has vowed to tap into Venezuela’s oil reserves after seizing President Nicolás Maduro and saying the US will “run” the country until a ‘safe’ transition. The US president wants American oil firms to pile billions of dollars into the South American country, which has the largest…
The Manchester community shop selling groceries at huge discounts
Kelly Foranand Jonny Humphries,North West Kelly Foran/BBC Andy Hawthorne said the idea, formed to help ease food insecurity, had “gone a bit nuts” A charity boss who founded a community shop selling groceries at a fraction of the price of supermarkets said the concept was so successful “it had gone a bit nuts”. Andy Hawthorne…
Air India crash plane had record of safety defects, campaigners claim
Aviation safety campaigners in the United States say they have evidence a plane that crashed in India last year had previously suffered a series of technical failures, including an in-flight fire. The Boeing 787 Dreamliner crashed on 12 June, shortly after taking off from Ahmedabad en route to London, killing 260 people. The Foundation for…
Goldman pitches hedge funds on strategies to bet against corporate loans
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Roomba vacuum cleaner firm iRobot files for bankruptcy
The US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese rivals and being hit by tariffs. Under the so-called pre-packaged Chapter 11 process, the main manufacturer of its devices, Shenzhen-based Picea Robotics, will take ownership of the firm. The tough commercial landscape had forced iRobot…
