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British Airways CEO says outsourcing not to blame for IT failure

All flights operated from Gatwick on Sunday, but more than one-third of BA's schedule out of Heathrow, mostly short-haul flights, were cancelled. On Saturday, passengers at Heathrow and Gatwick faced long lines at check-in counters and the failure of both the airline's website and its mobile app. Read More »

After huge IT outage, British Airways restoring United Kingdom flights

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British Airways flights out of Gatwick and Heathrow were grounded yesterday as a result of a “major IT failure”. Most "long-haul flights" set to land in London on Sunday are expected to arrive as scheduled, the airline said. The airline said it would refund or rebook customers affected by the IT failure. Tearful passenger Melanie Ware flew from Los Angeles to Heathrow for a connecting flight to Venice on Saturday for her honeymoon. Read More »

Manchester Terror Group Could Still Be at Large

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Until a week ago, two things were widely agreed about Britain's upcoming general election: it was producing the dullest campaign in recent memory and the result was a foregone conclusion. Counter-terror police made an arrest in West Sussex in connection to the Manchester suicide bombing. The straps of a knapsack are visible on his shoulders. Read More »

Sensex flat with positive bias; Nifty trades at 9601-mark

It had closed at an all-time high of 9,595.10 after soaring to 9,604.90 (intra-day) on Friday. The index heavyweights HDFC, ITC and Reliance contributed the most to the gains of Nifty and Sensex. FIIs bought more than Rs 10,000 crore worth of shares in current month while domestic institutional investors made Rs 4,500 crore worth of buying. Read More »

Nigeria says it is not opposed to joining OPEC cuts

The Organization of the Petroleum Exporting Countries, as expected, agreed Thursday to extend its current cap on oil production another nine months, now expiring July 1, 2018. Non-OPEC producers meet OPEC later on Thursday. Despite the output cut, OPEC kept exports fairly stable in the first half of 2017 as its members sold oil from stocks. Read More »

United States launches NAFTA renegotiation countdown

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At the joint news conference, Videgaray told reporters that the Mexican government welcomes NAFTA renegotiations, which he said will "make our trade agreement better - better for the people of Mexico, the people of the USA, and the people of Canada". Read More »

N Korea fires third short-range ballistic missile

May 14: North Korea test-fires its newly developed Hwasong-12 missile, which it says can carry a heavy nuclear warhead. South Korea's political parties on Monday condemned North Korea's ballistic missile launch, saying the communist state would only face deeper isolation and stronger sanctions unless it ceases its provocations. Read More »

USA confirms North Korea launched short-range ballistic missile

The projectile is likely to fall within Japan's exclusive economic zone, Yonhap news reported citing an unidentified source in Japan as saying. There were no immediate reports of damage to planes or vessels in the area. According to the BBC , observers have said that The Scud test, which prompted Japan to lodge a protest, indicates the North is making progress towards missiles capable of carrying warheads. Read More »

Trump dismisses 'fabricated' report of Kushner's outreach to Russian Federation

In yet another tweet, amid criticism of his frequent Twitter rants, Trump wrote: "the Fake News Media works hard at disparaging & demeaning my use of social media because they don't want America to hear the real story!" Now that the US President is back from his nine-day worldwide tour, he appeared to be reacting to recent reports, citing anonymous sources, that his son-in-law - Jared Kushner - is being focused upon in the ongoing investigations into Russian interference in the November ... Read More »

Kelly says Kushner's Russian Federation back channel was 'acceptable'

He unleashed a flurry of tweets, lashing out at what he called the "fake news" media. - Rep. Adam Schiff of California, the top Democrat on the House Intelligence Committee, spoke exclusively to ABC News' Martha Raddatz on "This Week" Sunday about his concerns with Kusher, Trump's son-in-law and senior advisor. Read More »

Trump considers major staff shake-up to rein in Russian Federation disclosures

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Graham added it's a "possibility" Russian ambassador Sergey Kislyak, the source of comments about Kushner's purported suggestion, lied on the monitored line to generate confusion. Kushner was a trusted Trump adviser a year ago, overseeing the campaign's digital strategy. The administration had hoped Trump's nine-day turn in the worldwide spotlight as his first foreign trip unfolded would offer a respite from the relentless coverage - marked by an endless barrage of explosive revelations - of ... Read More »

China hit with first credit rating downgrade in over 25 years

Moody's downgrades China's rating for first time since 1989One of the world's biggest credit rating agencies, Moody's Investors Service , has downgraded China. Meanwhile, China's potential GDP growth is likely to slow towards 5 percent in the coming years, but the fall is likely to be gradual due to expected fiscal stimulus, it said. Read More »

Sofia Coppola Makes History at Cannes After 56 Years

Director Ruben Ostlund with his Palme d'Or award for his film The Square poses for photographers during a photo call following the awards ceremony at the 70th worldwide film festival, Cannes , southern France, Sunday, May 28, 2017. There's no more guys winning. Sophia was awarded best director for The Beguiled , becoming the second female victor of the prize since Soviet director Yuliya Ippolitovna Solntseva in 1961. Read More »

British Airways partially restores London airports service

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BA cancelled all its flights from Heathrow , Europe's busiest airport and Gatwick on Saturday after a power supply problem disrupted its flight operations worldwide and also hit its call centres and website. There are also a "significant number of bags at Heathrow which we will be reuniting with customers via couriers as soon as we can" British Airways announced. Read More »

Fairmount Santrol Holdings Inc. (NYSE:FMSA) Analytical Analysis

In a research note shared with investors and clients on Friday morning, expert analysts at Evercore ISI Group has started coverage for Fairmount Santrol (NYSE:FMSA) shares. According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.7 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Read More »

Macron says was ready to out-Trump Trump in handshake

At the Thursday summit, Trump did shake Macron's hand intensely, and the initial meeting and handshake grip between the two world leaders prompted major social media scrutiny. The G-7 leaders also cut a compromise deal to acknowledge Trump's stance on trade. THE FACTS: Trump may never have explicitly endorsed any candidate in France's election, but he had only nice things to say about one candidate: Le Pen. Read More »

Crude below $50 as OPEC disappoints with 'safe bet' extension

Global oil cuts have helped push crude prices above $50 a barrel in 2017, which has helped member-nations sustain their revenues, as majority of them rely heavily on energy revenues. That said, we maintain a neutral stance on the oil price near term and highlight important downside risks from a potentially more hawkish Federal Reserve, which is set to meet in June . Read More »

All Blacks unveils new badge ahead of Lions tour

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Then we'll see where we go, whether I continue coaching or I go and watch cricket in Barbados. There is not loads and loads to learn. "I don't sit there at night and think "I hope I am going to be the next Lions coach". He joined up with the Lions squad on Sunday, a day before they travel to New Zealand, but says he already feels part of the unit. Borthwick also revealed that while the Scarlets hooker Ken Owens may not be fit to play on Saturday, there was no one now on standby, ending any ... Read More »

Moody's Downgrade Highlights China Fears

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Moody's Investors Service yesterday downgraded China's credit ratings yesterday for the first time in almost 30 years, citing concerns about the country's rising debt and slowing growth, but Beijing rejected the downgrade as inappropriate. Read More »

North Korea Fires a Ballistic Missile off Its East Coast

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The unidentified missile was sacked from near the North Korean coastal city of Wonsan, Seoul's Joint Chief of Staff (JCS) said. North Korea has repeatedly launched missiles in defiance of worldwide criticism. Japanese Prime Minister Shinzo Abe, who just returned from a G7 meeting in Italy, told reporters that " North Korea's provocation by ignoring repeated warnings from the worldwide society is absolutely unacceptable". Read More »