Archive for the ‘Finance’ Category

Asia Pac equities climb on solid lead from Wall Street

Wednesday, July 26th, 2017

Has Ryanair become too nice?

Tuesday, July 25th, 2017

THREE years ago, Ryanair, Europe’s biggest budget airline, made the sudden decision to be nicer to its customers. Before that, brusqueness had been part of its strategy. Fares were low, but check-in staff were famously ruthless. One family was charged €600 ($701) to print their forgotten boarding passes (“idiots” according to Michael O’Leary, the airline’s boss, when they complained). Gatekeepers would obsessively check carry-on bags, demanding huge fees for those a smidgen over the limit. That culture started at the top. Mr O’Leary liked to berate his passengers, the second their expectations rose. “You’re not getting a refund so fuck off. We don’t want to hear your sob stories. What part of ‘no refund’ don’t you understand?”, he once told them.

It was a highly successful, perhaps even clever, strategy. The airline went from being an insignificant Irish operator to Europe’s second largest carrier after Lufthansa, regularly reporting juicy profits. Every time Mr O’Leary mooted the idea of installing…Continue reading

Freeport shares jump after CEO signals progress on Indonesia mine talks

Tuesday, July 25th, 2017

Npower teams up with Allianz to expand in home services market

Tuesday, July 25th, 2017

Gem Diamonds flags improvement in discovery

Tuesday, July 25th, 2017

Acacia falls 17% as Tanzanian government demands $190bn in tax dispute

Tuesday, July 25th, 2017

Chinese solar firm Hanergy returns to the fray with factory deal

Tuesday, July 25th, 2017

Plans for $328m plant comes 2 years after ‘disaster’ stock trading halt in Hong Kong

UK Serious Fraud Office probes Rio Tinto payment

Monday, July 24th, 2017

Company reported own concerns over 2011 fee paid to consultant over Guinea mine

Donald Trump’s Venezuela options complicated by US refiner

Monday, July 24th, 2017

Rosneft link to Citgo deal hampers Washington efforts to put sanctions on Caracas

Climate change might prevent airlines from flying full planes

Monday, July 24th, 2017

THIS summer America has experienced some of the most intense heatwaves in decades. In parts of southern Arizona the mercury has climbed to a sweltering 48°C. That has had an impact on the state’s infrastructure. Last month, a single day’s heatwave grounded dozens of planes. As global temperatures climb higher, such incidents are likely to increase.

Climate change could have a dramatic impact on aviation across the world, according to a recently released paper by a team from Columbia University and Logistics Management Institute, a consulting firm. The researchers predict that as early as the middle of the century, some 30% of flights departing during the most blistering parts of the day will not be able to take off at their maximum weight because the hotter, less dense air will not provide enough lift.

Of the 19 airports examined, Dubai and LaGuardia in New York are expected to see some of the worst effects. During the harshest…Continue reading