Wednesday 27 September 2017

Breaking business news: Britain warns Boeing it might lose business over Bombardier row

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Wednesday, September 27, 2017
Britain warns Boeing it might lose business over Bombardier row
BELFAST/LONDON (Reuters) - Britain told U.S. planemaker Boeing on Wednesday that it could lose out on British defence contracts because of its dispute with Canadian rival Bombardier which has put 4,200 jobs at risk in Northern Ireland.
Special Report: Drowning in grain - How Big Ag sowed seeds of a profit-slashing glut
CARMAN, Manitoba (Reuters) - On Canada's fertile Prairies, dominated by the yellows and golds of canola and wheat, summers are too short to grow corn on a major scale.
Uber defends business model at UK tribunal on worker rights
LONDON (Reuters) - Uber told a British employment appeal tribunal on Wednesday its drivers were self-employed, not workers entitled to a range of benefits, less than a week after it heard it would lose its London license.
Trump's tax plan to propose deep U.S. rate cuts, lacks revenue details
WASHINGTON (Reuters) - U.S. President Donald Trump will call on Wednesday for slashing tax rates on businesses and the wealthy as part of a new tax plan that is likely to offer few details about how to pay for the cuts without expanding the federal deficit.
Yellen lifts dollar as global markets await Trump tax plan
LONDON (Reuters) - Growing expectations that the U.S. Federal Reserve will raise interest rates for the third time this year lifted the dollar on Wednesday, and European share prices rose as U.S. President Donald Trump's administration prepared to outline a new tax plan.
European rail deal fulfils Macron vision, French fear for jobs
PARIS/FRANKFURT (Reuters) - A merger of the rail businesses of Germany's Siemens and France's Alstom , billed as creating a European champion, was welcomed by investors but criticized in France as giving away control to Germany and risking job cuts.
Nike's road to recovery in North America likely a long one
(Reuters) - Nike Inc's fight to claw back in an intensifying U.S. sneaker price war is still some way off bearing fruit, analysts said on Wednesday, a day after the sportswear giant reported its weakest quarterly sales growth in nearly seven years.
Bank of America looking for more office space in Paris after Brexit: source
LONDON (Reuters) - Bank of America is looking to lease more office space in Paris as the bank prepares to expand its operations in the French capital to cope with the impact of Britain's exit from the European Union, according to two sources familiar with the matter.
SK Hynix set to invest in Toshiba chip unit, details consortium's plans
SEOUL/TOKYO (Reuters) - South Korea's SK Hynix Inc said on Wednesday its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp's memory chip unit for 2 trillion yen ($17.7 billion).
Britain's easyJet aims for electric short-haul flights
LONDON (Reuters) - British budget airline easyJet could be flying electric passenger jets on short-haul routes within a decade in a push to cut plane pollution, the company said on Wednesday.
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