AirAsia to launch China joint venture

Posted by & filed under Warren Fyfe.

Image copyright Getty Images Budget airline AirAsia has signed a joint venture agreement to set up a new low-cost carrier in China. It wants to tap in to demand in the country, which is set to overtake the US to become the world’s biggest aviation market within the next decade. Based in the central eastern [...]

Fiat Chrysler in huge vehicle recall

Posted by & filed under Warren Fyfe.

Image copyright Getty Images Image caption Three models of Ram pickup trucks are affected Fiat Chrysler is recalling more than 1.25 million pickup trucks worldwide over a software error that “may be related” to a death and two injuries. The faulty code could potentially disable the side air bag and seat belt locking mechanism when [...]

Massive ransomware infection hits computers in 99 countries

Posted by & filed under Warren Fyfe.

Image copyright Webroot Image caption The ransomware has been identified as WannaCry – here shown in a safe environment on a security researcher’s computer A massive cyber-attack using tools believed to have been stolen from the US National Security Agency (NSA) has struck organisations around the world. Cyber-security firm Avast said it had seen 75,000 [...]

Sliding sales stoke fears for US department stores

Posted by & filed under Warren Fyfe.

Image copyright EMMANUEL DUNAND/Getty Image caption Macy’s last year announced the closure of 100 stores and laid off thousands Weaker-than-expected sales at several US department store chains reignited concerns about the US retail sector and prompted investors to offload shares. Macy’s said like-for-like sales fell 4.6% in the first quarter compared with the same period [...]