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Tag Archives: new business ideas

Malawi and Unicef launch drone air corridor

Malawi has launched Africa’s first air corridor to test the use of drones, or Unmanned Aerial Vehicles, in humanitarian missions in partnership with the UN children’s agency, Unicef.Kasungu Aerodrome, in central Malawi, will be exclusively used for the project until 2018.Universities and other partners will also have access to …

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Rolls-Royce safeguards 7,000 jobs in East Midlands

Rolls-Royce has secured more than 7,000 jobs in the East Midlands after announcing its biggest single investment in the UK for over a decade.The engineering giant said it would be investing the majority of the £150m in a new test bed in Derby.This facility would test large civil aero-engines …

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Bank of England: Wales facing cost of living 'squeeze'

People in Wales are facing a “squeeze” because pay is flat but the price of goods has gone up, according to the Bank of England’s chief economist.Andy Haldane said interest rates could “edge up” if the cost of living continues to rise.He spoke to residents in Barry, Porth and …

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BT Italy scandal prompts auditing probe

The Financial Reporting Council (FRC), the UK’s accountancy watchdog, says it has begun an investigation into the auditing of BT’s financial statements.The investigation covers the years 2015 to 2017 and relates to the scandal in the telecoms giant’s Italian division.The auditor responsible, PwC, was replaced in June with rival …

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Tesco and Booker call for fast-track competition probe

Supermarket giant Tesco and wholesaler Booker have asked the UK competition regulator to fast-track its probe into their proposed £3.7bn tie-up.Tesco announced it had agreed to buy Booker in January and the Competition and Markets Authority (CMA) started an initial review in late May.The firms now want the CMA …

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