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Tag: July

Boeing delays 737 Max return date to July

Boeing delays 737 Max return date to July

Business
Boeing has said it does not expect its 737 Max plane to return to the skies before the summer, which is longer than initially expected.The jet has been grounded since March after two fatal crashes, which together killed 346 people.Boeing has said it is working on a software update intended to fix the problem blamed for the crashes.But the company has struggled to convince regulators that the planes are safe to fly.It previously said it expected the planes to be cleared for approval before the end of 2019. But in December, Boeing announced plans to halt production of the aircraft and last week, it confirmed it had found a new problem in the software.'Number one priority'Boeing shares dropped by more than 5% on Tuesday as word of the delay started to spread...
Petrol, diesel prices see steepest hike since July 5

Petrol, diesel prices see steepest hike since July 5

Finance
Petrol and diesel prices were on Wednesday hiked by 24-25 paise per litre, the steepest increase since July 5 Union Budget, as a fallout of turmoil in global oil markets following drone attacks on Saudi Arabian crude oil facilities. Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market, which is sort of a national benchmark, according to price information available from state-owned fuel retailers. This is the biggest single-day hike since the July 5 Budget of Finance Minister Nirmala Sitharaman that raised rates by almost Rs 2.50 a litre due to an increase in excise duty on the fuels. The hike on Wednesday followed a 14 paise a litre increase in price of petrol on Tuesday and 15 paise per litre rise in diesel rate. Following the...
Government’s budget surplus shrinks in July

Government’s budget surplus shrinks in July

Business
The UK posted a smaller-than-expected budget surplus in July as government spending increased.A growing wage bill and higher spending on goods and services was behind the lower surplus, which fell to £1.3bn.Analysts had been expecting a £2.7bn surplus, which would have been less than the £3.6bn booked last year.The government typically posts a surplus in July because of individuals filing self-assessed income tax returns.The government banked £9.4bn from self-assessed income tax payments in July, £300m more than the same time last year. UK economy shrinks for the first time since 2012 UK wage growth picks up to 11-year high However, the Office for National Statistics, which published the figures, warned that tax figures can vary depending on when people p
Climate change: July ‘marginally’ warmest month on record

Climate change: July ‘marginally’ warmest month on record

Science
A preliminary analysis of global temperature data for July suggests it may have "marginally" become the warmest month on record. Figures from the first 29 days of a month in which many countries had heatwaves are "on a par" or slightly higher than a record set in July 2016.The assessment was carried out by researchers at the EU's Copernicus Climate Change Service (C3S).Confirmation of a new record must await a full analysis is released on Monday. Scientists say it's the latest sign that Earth is experiencing unprecedented warming.The new data compiled by C3S incorporates observations from satellites and ground based stations. Interactive tool: How much ...