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UK economy grew by 0.3% in November, beating forecasts
Rachel ClunBusiness reporter Getty Images UK car manufacturing recovered in November The UK economy grew by a faster-than-expected 0.3% in November after car production rebounded and the services sector got a boost. Growth was driven by an increase in industrial output, the Office for National Statistics (ONS) said, helped by the return to production at…
Airlines pay out millions after initially rejecting claims
Laurie Watson Laurie Watson’s flight back from a sailing holiday was cancelled Airlines are paying out millions of pounds in compensation to passengers every year after initially saying no as consumer groups accuse firms of trying to put customers off making claims for severe delays or cancellations. Almost £11m was paid to passengers in the…
Government mulls financial support for JLR supply chain firms
The government is looking at ways to financially support the companies in Jaguar Land Rover’s (JLR) supply chain. JLR halted car production at the end of August after a cyber attack forced it to shut down its IT networks. Its factories remain suspended until next month at the earliest. Fears are growing that some suppliers,…
IMF warns of trade tension risk to global growth
Jemma Crewand Nick Edser,Business reporters Getty Images Trade tensions and a reversal in the artificial intelligence (AI) boom are among the main risks to global economic growth, the International Monetary Fund (IMF) has warned. Its comments came in its latest world economic outlook, where it described the global economy as “steady”, with growth expected to…
Spat deepens between Elon Musk and Ryanairs OLeary
Elon Musk has suggested he could buy Ryanair and called for its chief executive to be fired amid a deepening spat between the pair. The budget airline on Tuesday branded the Tesla chief executive an “idiot”, and used the extraordinary row to promote its January sale. Musk and Ryanair boss Michael O’Leary have been trading…
