Airbus’s parent company, EADS, has seen a shocking 39% fall in quarterly profits. Last year in January, the profits went as high as 170mn a year whereas this January, profits went down to 103m euros. These figures included a 7mn profit for the Airbus commercial planemaking unit. One of the supposed reasons for the down [...]
Ever since the elections, the conservatives were always essentially in the lead, even though initially the election was a hung government. Labour were second best, with Lib Dems in third and others last. Due to the Lib Dem’s fifty one seats, the conservatives couldn’t win outright. In the end, Gordon Brown, the leader and up [...]
Nike, he US worldwide known sportbrand is in plans to build a ‘Nike park’ in Tokyo. This has come under criticism though. Nike paid the local authorities of Shibuya, the area in which the park is to be built, 17mn yen a year for a decade, for naming rights. The plan is to turn the [...]
Although the Icelandic volcano Eyjafjallajokull’s eruption lasted a whole week, it hasn’t surprisingly affected the climate. The ash clouds as of a reaction of the eruption created havoc for air travel, preventing and delaying many holidays for millions of people worldwide. The ash hasn’t had an effect on the climate though, which is a relief [...]
A recent volcanic eruption in Iceland has spread lots of ash into the sky, preventing a high level of travel in the air. It has also effected the revenue of global airlines. The total amount of money lost due to the ash clouds has believed to have reached £1.1bn. The International Air Transport Association (IATA) [...]
