Pranav

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Boeing sets first flight of 737 MAX for Friday

SEATTLE (Reuters) - Boeing Co (BA.N) said it had tentatively scheduled the first flight of its newest airplane, the 737 MAX, for Friday, a sign that it is on schedule for another key milestone for its top-selling plane.<p>Boeing had said it planned to make the flight in the first quarter of 2016. Like …

Aerospace

Sprint slashes 2,500 jobs to cut costs

(Reuters) - Sprint Corp has axed at least 2,500 jobs across six customer care centers and its Kansas headquarters as part of its plan to cut $2.5 billion in costs, a company spokeswoman said on Monday.<p>The job cuts, mostly in customer service, also include 574 positions at Sprint’s headquarters at …

Enterprise Tech

Iran's banks could be allowed to restart trading in UK after sanctions lifted

Iran is set to re-engage with the banking world within weeks<p>Regulators are considering whether to allow two Iranian banks in London to resume operations after years of sanctions.<p>Melli Bank and Persia International Bank will only be able to operate in the UK once they have met Bank of England …

Investing

Dollar down after Fed statement as fewer rate hikes seen

NEW YORK (Reuters) - The dollar fell against a basket of major currencies on Wednesday following the Federal Reserve’s decision to keep its overnight interest rate unchanged and the release of a statement suggesting it was re-evaluating the pace of future hikes.<p>The statement highlighted concerns …

Economics

Japan’s slumping trade numbers show the long reach of China’s slowdown

Japan’s exports are continuing to sag, falling 8% (pdf) since this time last year. The only reason Japan recorded a trade surplus last month was because its imports are falling even faster.<p>The country’s internal problems (weak demand and little inflation) are well known, but it’s being hurt by …

Stock Markets

Japan, China seek new dialogue on yuan, China reforms: Nikkei

TOKYO (Reuters) - Japan and China are working to create a new framework to bring together government and central bank officials to discuss economic policy coordination, such as steps to stabilize the yuan, the Nikkei newspaper said on Tuesday.<p>The move, which comes as concern over China’s economic …

China

Microsoft buys MinecraftEdu, plans edition for schools

Microsoft has bought an education game version of Minecraft called MinecraftEdu for an undisclosed sum and plans on using it to create its own Minecraft Education Edition.<p>The education edition, which launches this summer in free trials, elaborates on the computer software giants’ $2.5 billion …

Minecraft Education

Cheap prices fail to kill U.S. oil boom

Many smart people thought U.S. oil production would fall off a cliff along with the crash in crude prices.<p>In reality, it hasn't even come close to killing American production. The U.S. pumped 9.35 million barrels of oil a day in October, according to the latest government statistics available. …

Oil

Revealed: the £24m mansion/office for those who love working from home

Eat, sleep, wash where the likes of David Bowie and Tina Turner once recorded their music, now London's newest 'live-work' house<p>Is it a home, an office, a work of art or a tax wheeze? The intriguing thing about Eglon House, a spectacular property conversion in London’s Primrose Hill, now on the …

Cedexis Raises $22M Series B Round For Its Internet Traffic Monitoring And Routing Platform

Cedexis helps large enterprises monitor and optimize how their traffic flows from their servers, CDNs and cloud providers to their customers. The company today announced that it has raised a $22 million Series B round led by Ginko Ventures with participation from Foxconn, Nokia Growth Partners, …

Mock 'Brexit' talks paint bleak picture for Britain outside EU

LONDON - London could not remain Europe’s financial centre if Britain left the European Union at an upcoming referendum, top European politicians said on Monday, warning that reaching a free trade agreement with Britain would not be the bloc’s priority.<p>Painting a bleak picture for Britain outside …

Europe

Siemens' quarterly figures leave shareholders pleased

German industrial giant Siemens has logged a substantial surge in profit for its most recent quarter, prompting it to raise its net earnings estimate …

How Big Data And Analytics Are Changing Hotels And The Hospitality Industry

The hotel and hospitality sector caters to millions of travellers every day, and each one of them checks in with their own set of expectations. Meeting those expectations is the key to getting people to return, and increasingly hotel and leisure operators are turning to advanced analytics solutions …

Hospitality

Wait, Why are Apple and Google Execs Meeting With the Pope?

Pope Francis met with both Tim Cook of Apple and Eric Schmidt of Alphabet (Google). What's going on?<p>It sounds at first like a modern day joke:<p><i>The heads of Apple and Google and the Pope walk into a bar...</i><p>Okay, there's no bar involved, but in the course of a week recently, Pope Francis has had two …

Eric Schmidt

Dixons Carphone to close 134 stores

Mobile phone retailer will continue rolling out in PC World and Curry's stores<p>Dixons Carphone is closing 134 sites as it moves its mobile stores in to larger sites with PC World and Curry's.<p>The retailer said its customers had shown a preference for the newly formatted 'three-in-one' stores, where a …

Cellular Networks

McDonald's to introduce table service at 400 UK restaurants

Fast food chain will roll out measure by end of 2016 and double number of stores selling gourmet burgers to head off rivals<p>McDonald’s is to introduce table service and cooked-to-order gourmet burgers at hundreds of restaurants across Britain as it tries to head off competition from upmarket …

Apple is set to report the slowest ever iPhone sales growth

The iPhone 6S and 6S Plus, which boasted record weekend sales when they launched in September, are now facing weak demand, according to analysts, because they have fewer distinguishing features than their popular predecessors.<p>The new iPhones also face tough comparisons with the strong sales of …

Laguna Beach

Crest Nicholson profits jump on rising house prices

Buoyant demand and government-backed mortgage programmes boost the house builder<p>Government-backed schemes such as Help to Buy have helped house builder Crest Nicholson’s profits jump, as the company expands into London’s suburbs.<p>The company, which operates largely in the south and east of England, …

Marston’s toasts a happy Christmas with sales rise

The pub group reported a fourth year of rising festive sales, but boss warns of high taxes on sector<p>Marston’s took £3m at the tills on Christmas Day, as its pubs chalked up record sales over the Christmas fortnight.<p>The FTSE 250-listed company, which brews Pedigree and Hobgoblin, reported a sales …

Investing

French taxis, air traffic controllers, schools on strike

PARIS (AP) — Paris police fired tear gas and taxi drivers lit bonfires on a major highway Tuesday amid nationwide strikes and protests over working conditions and competition from non-traditional services such as Uber.<p>Prime Minister Manuel Valls met with taxi drivers in an apparent attempt to …

Transportation

Grovo Raises $40M To Deliver Employee Training With Quick, Digestible Content

Grovo, a company offering “micro-learning” content and related technology/services to help businesses train their employees, has raised $40 million in Series C funding.<p>The round was led by Accel (which has been involved since Grovo’s seed round and led the Series B) with additional funding from …

AIG to spin off mortgage unit, cut jobs in sweeping overhaul

(Reuters) - American International Group Inc (AIG.N) said it would spin off its mortgage insurance unit, cut jobs and sell its broker-dealer network as part of a sweeping overhaul promised to shareholders to fend off activist investor Carl Icahn.<p>The insurer said in a statement on Tuesday that it …

IT

People in the UK are angry about Google's new tax deal

An HMRC investigation was settled with a £130 million bill for the Californian search giant for the past 10 years of activity.<p>Critics say this pales in comparison to Google's £4 billion annual revenues in Britain.<p>The company's European arm is headquartered in Ireland, which allows it to pay a lower …

United Kingdom

Tory party donor Lycamobile faces being struck off UK company register

Companies House reveals telephone airtime retailer has failed to file accounts for last year amid continuing questions over firm’s financial affairs<p>Lycamobile, one of the Conservative party’s largest corporate donors, is at risk of being struck off the register of UK businesses after failing to …

BBC story on an NFL team relocating to London by 2022 'not true,' league spokesman says

A BBC story reporting that the NFL is on schedule to permanently place a team in London by 2022 is false, league spokesman Brian McCarthy told NBC Sports on Wednesday.<p>As many as three regular-season games have been played in London each year since 2007, and three more are slated for next season. …

NFL

In pictures: Gentlemen Prefer Blondes

<b>A collection of rarely seen portraits of Marilyn Monroe, by Milton H Greene and Douglas Kirkland, have gone on show in London.</b><p>Born Norma Jeane Mortenson in Los Angeles on 1 June 1926, she signed her first studio contract with 20th Century Fox in 1946 and changed her name to Marilyn Monroe.<p>Monroe …

Audrey Hepburn

Modi, Hollande set the stage for counter-terror cooperation

India and France are set for a <b>>new partnership</b> in counter-terror cooperation, the visiting French President, Francois Hollande, and Prime Minister …

UK weather: Travel disruptions expected as Scotland, Wales and England on snow and ice alert

The Met Office has issued severe weather warnings for ice for much of Scotland, Wales and northern England on 13 January. An amber "be prepared" …

Weather

Sam Smith hasn't listened to Radiohead's Spectre theme, doesn't know who Thom Yorke is

When Radiohead released their version of the theme song for <i>Spectre</i> on Christmas Day, everyone’s first thought was “holy sh*t, this is …

How I Shot a Star Wars-Themed ‘Last Supper’ Photo

Sometimes, photography is about being brilliant at lighting, or capturing a decisive moment, but often it’s as much about collaborating with other …