Business
Qatar Airways Enters Codeshare Agreement with oneworld Partner, LATAM Airlines
On Wednesday, Aug. 2, 2017, Qatar Airways said it is dropping an attempt to buy a big stake in American Airlin. Back in June when Qatar sent its intended an notice that it was interested, American's CEO Doug Parker told employees that the company wasn't "particularly excited" about the outreach, noting that "we find it puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received over the years from their governments".
Business
Teenager opens plane's emergency exit and slides down wing
Other passengers said he seemed anxious and fidgety during the flight and that he acted very quickly, making it hard for anyone to stop him. Passengers who witnessed the incident said the teenager, who was travelling alone, was "anxious and fidgety" on the flight.
Business
Vehicle sales seen lower in July; US automakers post sharp drops
Ford said total vehicle sales for last month tumbled 7.5% from a year, as a 19.4% plunge in auto sales and a 7.1% slide in truck sales offset a 2.2% rise in SUV sales. Ford also cut fleet sales by 26 percent, and had to stop sales of its Transit commercial van for a few weeks for a recall. Automakers are still seeing healthy profits thanks to consumers' preference for SUVs.
Business
British Gas electricity price hike a 'slap in the face' for families
Worked at BP for 29 years before stepping down from the board in 2014 to become CEO of British Gas owner Centrica . Centrica, Britain's largest energy supplier and owner of household energy supplier British Gas, announced it would raise electricity tariffs from September 15 but would hold gas prices at current levels.
Business
Elon Musk admits to 'unrelenting stress,' says he may be bipolar
Musk confirmed that production for the Model 3 is already ramping up at Tesla's Gigafactory in Nevada, US. But the handover event came as nearly an anticlimax for Wall Street, and TSLA shares started tumbling after Musk told journalists ahead of the ceremony, "We're going to go through at least six months of manufacturing hell".
Business
Eurozone economy grows twice as fast as UK's, figures show
Eurozone growth as a whole rose twice as fast as in Britain, where gross domestic product was up 0.3 per cent in the last quarter. Growth in the eurozone accelerated slightly in the second quarter of 2017 as Europe's tentative economic recovery remained on track, official European Union data showed on Tuesday (Aug 1).