MPs have launched a blistering attack on the Department for Transport (DfT) and Transport for London (TfL), as ballooning costs and long delays continue to plague Crossrail. The public accounts committee said the rail project is "letting taxpayers down" as completion of the line across London
The Turkish central bank is expected to cut its key interest rate by 250 bps from its current 24% on July 25, a Reuters poll showed on Friday, with dovish comments from the new governor encouraging expectations of a significant reduction. President Tayyip Erdogan sacked Central Bank Governor Murat Cetinkaya
Investors tend to buy gold, which has relatively little practical value and yields no income, in times of geopolitical uncertainty. Photograph: HO/ReutersGold prices have hit their highest levels in six years as investors brace for an interest rate cut by the US Federal Reserve and seek a safe haven
London, United Kingdom, July 19, 2019 - Seadrill Partners ("SDLP" or "the Company") has secured a one year contract for the West Polaris in Southern Asia. Total contract value is expected to be approximately $72 million (including performance incentive and mobilization fees) and commencement
Shares in French advertising conglomerate Publicis slumped after the group cut its 2019 revenue growth guidance. On Friday, the company reported lower-than-expected revenue for the second-quarter of 2019. Shares of Publicis plunged 8.5% to their lowest level since December 2012.
Sweden's Autoliv cut its 2019 sales growth outlook on Friday, as the car safety equipment maker became the latest casualty of a deteriorating auto industry to report weaker than expected quarterly earnings. Autoliv said it was stepping up actions to curb costs, which included plans to cut about
In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million (£479.1 million) on a new convention centre. A decade later thousands of new hotel rooms soar over the site
LONDON/SINGAPORE (Reuters) - Italian oil major Eni , China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in one of the largest tenders ever worth billions of dollars, two sources familiar with the matter said on Friday. The
Experts estimate that the global esports audience will reach 453.8 million people this year, generating $1.1 billion in revenue.
Swedish cash-handling firm Loomis AB reported flaws in its anti-money laundering oversight on Friday and vowed to fix them. Loomis launched an investigation into its operations in May after a journalist alleged it was implicated in a Danish money laundering scandal involving foreign exchange agencies
The review comes a month after South America-focussed Amerisur partnered with U.S.-based Occidental Petroleum Corp on four exploration and production blocks in southern Colombia, near the border with Ecuador. The company did not provide further details on the proposal or interested parties.
A subscription to BritBox will cost just £5.99, and will let people watch TV shows across multiple screens and devices.
The BBC and ITV have unveiled plans to make their Britbox streaming service available to UK viewers for £5.99 per month.
President Donald Trump has said a US warship destroyed an Iranian drone in the Strait of Hormuz after it ignored warnings to back off. The president called it a "provocative and hostile" action by Iran. "The ship took defensive action against the UAS to ensure the safety of the ship
Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer , the Swiss-based company's chief financial officer, Mark Patrick, said on Friday. "To date, Syngenta has not been named in any of
Investors worldwide poured a net $18.3 billion into bonds and equity funds in the past week, Bank of America Merrill Lynch (BAML) said on Friday, amid rising hopes of interest rate cuts by the U.S. Federal Reserve. Rising hopes of interest cuts have attracted investors to take risky bets with equities
Mayor Sadiq Khan on Friday called for rent controls to be imposed on London landlords to protect tenants, but his plans triggered fury from property bosses who warned investors would be driven away from building new homes.The industry reacted with shock to Khan calling on the Government for extra powers