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Deliveroo losses widen but revenue continues to rise

Digital Desk -
Deliveroo has reported another year of soaring sales, but losses also ballooned as the food delivery firm invested in expansion. Revenue rose 116% to £277...
BUSINESS

Tesla and Elon Musk settle fraud suit for €33m

Digital Desk -
Tesla chief Elon Musk and the electric car company have agreed to pay a total of 40 million dollars (€33m) and make a series...
BUSINESS

Toyota warns no-deal Brexit could stall its UK car production

Digital Desk -
The UK head of Toyota has warned the company might have to halt car production for “months” in the case of a no-deal Brexit,...
BUSINESS

US stocks set records as Irma and North Korea worries fade

Digital Desk -
US stocks rallied to record highs as Hurricane Irma weakened without causing as much damage as many had feared, and a North Korean holiday...
BUSINESS

Ryanair cancels 110 flights as air traffic controllers strike in France

Digital Desk -
Air passengers across Europe are facing disruption today as air traffic controls go on strike again. Ryanair has cancelled 110 flights as a result of...
BUSINESS

Energy stocks give Wall Street a lift after hefty losses

Digital Desk -
Energy companies led US stocks to modest gains on Wednesday as the market recouped some of its hefty losses from the day before. Big retailers...
BUSINESS

United Airlines escapes punishment over passenger-dragging incident

Digital Desk -
United Airlines will not be punished over an infamous incident in which a passenger was dragged off an overcrowded plane, officials have said. The Transportation...
BUSINESS

Pound recovers as weak services data hits euro

Digital Desk -
The pound staged a recovery on Tuesday as weakness in the euro and dollar helped the UK currency shrug off weak services data. Sterling jumped...
BUSINESS

Lego to cut 1,400 jobs as part of company ‘reset’

Digital Desk -
Lego is slashing 1,400 jobs as part of a company-wide overhaul meant to counter falling sales. The move will effectively cut 8% of the Danish...
BUSINESS

EU approves state aid to Air Berlin

Digital Desk -
The European Union competition watchdog has approved Germany's plan to provide troubled low-cost carrier Air Berlin with a €150m loan. The European Commission, which polices...
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