China and North Korea celebrate 70 years of friendship
China and North Korea are celebrating today that they have been friends for 70 years. The leaders of the two countries exchanged letters, praising each other in flowery…
Continue ReadingDavid Stevenson
Lower ArcelorMittal outlook at S&P
Credit rating agency Standard & Poor’s (S&P) lowers the outlook for the creditworthiness of steel company ArcelorMittal to negative, from stable. S&P keeps the credit rating of ArcelorMittal…
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Brexit will not influence Ryanair performance
The British exit from the European Union has no long-term consequences for Ryanair. That is what CEO Michael O’Leary says. “If you look far enough into the future,…
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Potential conflicts of interest by Boris Johnson are being investigated officially
Boris Johnson has been discredited by an alleged love affair with an American businesswoman whose companies have received tens of thousands of pounds of British government money. The…
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Fraudsters try to profit on Thomas Cook Group bankruptcy
Fraudsters try to take advantage of the situation around Thomas Cook. A warning is given to callers who claim to arrange reimbursements for Thomas Cook customers. The fraudsters…
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Johnson insists on a vote of no confidence but opposition refuses
Prime Minister Boris Johnson on Wednesday urged a vote of no confidence in the government, paving the way for early elections, but the opposition refused to agree. The…
Continue ReadingThomas Cook had reserves for one month more
The iconic travel and aviation Thomas Cook company had enough money in the cash at the time of the bankruptcy to last until the beginning of October. Peter…
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Asian stock exchanges closed higher
In Japan, where investors returned after a long weekend, the stock market closed slightly higher on Tuesday. Investors adhered to the statements of US Finance Minister Steven Mnuchin…
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Trade tensions projected to affect Diageo profit outlook
The British beverage company Diageo, known from Johnnie Walker, Captain Morgan, Guinness and Smirnoff, warns that rising trade tensions may undermine the company’s positive outlook. Diageo announced this…
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Retail sales fell 0.2 percent
Retail sales fell by 0.2 percent on a monthly basis in August, the British National Statistical Office reports. In July, UK store sales went up by a revised…
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