High altitude ice on Boeing Dreamliner warning

Boeing has warned fifteen airlines about high altitude ice forming on its 727-8 and 787 Dreamliner aircraft.Some General Electric engines have dangerous ice accumulation when the airplanes fly…

Cultures need strong social networks to flourish

Ever wondered why some cultures die out while others flourish?Well, a new study suggests this could be down to the strength of their social networks.Led by the University of British Columbia…

European deflation risk bad for recovery

With consumer prices increasing at their lowest rates in four years, experts fear that a European deflation risk will undermine its fragile recovery.This week also saw the euro slide against the…

Islamic bond to be issued in UK

The United Kingdom is to become the first non-Muslim nation to issue an Islamic bond, called “Sukuk”, Prime Minister David Cameron announced at the WIFE (World Islamic Economic Forum).He also…

Young firms vital for job creation

During the Great Recession young firms continued creating jobs while most of the growing unemployment was the result of old businesses downsizing, says a new report, "The Science, Technology and…

Brazilian economy expanding

Although the Brazilian economy is expanding again, the OECD (Organization for Economic Co-operation and Development) says the country still faces long-term challenges.According to the OECS’s…

German economy picking up

Domestic demand is driving the German economy towards an upturn, according to a new report issued by the Center for Economic Studies (CESifo GmbH) in Munich.A more positive economic climate and…

Boeing production of 787 Dreamliner reduced

Boeing production of its 787 Dreamliner aircraft is to be reduced to 1.5 airplanes per month from its current 1.75.The company says this is due to lower demand for large passenger and freighter…

Google shares $1000 each

Google shares hit the $1,000 mark on Friday when they rose 13.8% on the day after the company reported strong earnings.Google shares reached $1,011.4, representing a 42% increase so far this year.…

Consumers like their discounts now, not later!

Discounts backfire if the consumer has to wait, researchers from the universities of Columbia and Toronto reported in the Journal of Consumer Research.Consumers want to reap the benefits of…

JPMorgan Q3 loss of $380 million

After setting aside $9.2 billion to cover legal expenses, JPMorgan Chase & Co. reported a third quarter loss of $380 million (17 cents per share), compared to a $5.7 billion profit for Q3 2012.…

European pilots flight time limits

MEPs (members of the European Parliament) voted for firmer flight time limits for pilots, saying that safety is a top priority.However, some people are complaining they did not go far enough.A…