Business - Page 4

Cathay Pacific grounds A350 fleet after engine failure
Cathay Pacific grounds A350 fleet after engine failure

Cathay Pacific grounds A350 fleet after engine failure

The Hong Kong carrier said it will inspect all 48 of its Airbus A350 widebody planes after a component of the Rolls-Royce manufactured engine malfunctioned post takeoff. Hong Kong-based Cathay Pacific Airways
5 days ago
Britain's economy exits recession ahead of elections
Britain's economy exits recession ahead of elections

Britain’s economy exits recession ahead of elections

The UK’s economy grew stronger than expected at 0.6% in the first quarter of this year. However, the country’s economic growth after the COVID-19 pandemic has been slow. Britain saw stronger than expected
4 months ago
Air Vanuatu files for bankruptcy protection
Air Vanuatu files for bankruptcy protection

Air Vanuatu files for bankruptcy protection

Vanuatu’s national carrier has canceled all flights and filed for bankruptcy protection, stranding a large number of tourists. Liquidators say it might be sold to a private operator. Air Vanuatu, the national
4 months ago
German exports rise unexpectedly high in March
German exports rise unexpectedly high in March

German exports rise unexpectedly high in March

A good demand for German products in the US and China has resulted in a surprisingly high export rate in March. But economic growth in the first quarter remained miniscule. German exports
4 months ago
FAA opens Boeing probe over possible 'falsified' 787 records
FAA opens Boeing probe over possible 'falsified' 787 records

FAA opens Boeing probe over possible ‘falsified’ 787 records

The planemaker informed the aviation safety regulator last month that required tests on its 787 aircraft model were not performed. The Federal Aviation Administration (FAA) said Monday it had opened an investigation into Boeing after the American
4 months ago
German consumer confidence hits two-year high
German consumer confidence hits two-year high

German consumer confidence hits two-year high

Consumer confidence rose for the third month in a row in Europe’s largest economy, according to a market research survey. Germany is seeing mild economic improvement after grappling with slow growth and
5 months ago