Airplane fuselages bound for Boeing’s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Nick Oxford | Reuters Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, […]
NEW DELHI: The Reserve Bank of India’s (RBI) governor Shaktikanta Das on Friday said that interest rate cut at this stage will be ‘premature, and very, very risky’.Speaking at the fireside chat at the India Credit Forum event in Mumbai by Bloomberg, governor Das warned against any premature interest rate cuts when inflation risk is […]
The highest claim size recorded last year for heart-related treatment was around ₹50 lakhs. (Representative image) The data reveals significant shifts in the age demographics of individuals making heart-related insurance claims. In the past five years, heart-related insurance claims have doubled, while the average claim size has surged by three times, according to data from […]
Boohoo is planning a major restructure that could see the break-up of the struggling online fashion firm whose brands include Debenhams, Karen Millen and PrettyLittleThing. The company said it was reviewing options after concluding that its business remained “fundamentally undervalued”. While Boohoo benefitted from the surge to online shopping during the pandemic, it has subsequently […]
PA Wind and solar farms that are ready to be built would be allowed to jump the queue for a connection to the UK’s electricity system under government plans. All energy schemes which need a connection to the National Grid are currently in a single queue which operates on a “first-come-first-served” basis. Some projects face […]
A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Faith Ninivaggi | Reuters Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS […]
A commercial building available for rent in Melville, New York, April 17, 2023. Howard Schnapp | Newsday | Getty Images The tide could be turning for commercial real estate. The Federal Reserve began its interest rate cutting cycle in September, lowering the Fed funds rate for the first time since 2020 by 50 basis points, […]
Getty Images “What are some signs the FBI is after you” is one of the alleged hacker’s searches, according to court documents A man arrested in connection with a hack of the US markets regulator’s X account searched “how can I know for sure if I am being investigated by the FBI,” according to court […]
A growing number of urban Indians believe that retirement planning should start early. 44% of Indians consider the right age to start planning for retirement to be before 35 years, a new survey said. 93% of the respondents above 50 years of age regret delaying retirement planning. Max Life Insurance Company recently launched the 4th […]
Getty Images The Treasury has given its clearest indication yet it will change its self-imposed debt rule in order to borrow billions to fund new infrastructure projects. Independent checks on spending for major building work will be introduced to allow the government to borrow for investment “more efficiently”, the Treasury Chief Secretary, Darren Jones, has […]