Saudi prince in US Barclays probe
©Getty A prominent member of the Saudi royal family is at the heart of a US criminal probe into whether Barclays made improper payments in the kingdom, with investigators scrutinising…
Questions raised over Crosby’s UK role
©Stuart Clarke/Rex Features Not long after Lynton Crosby became the Tory party’s elections supremo in November, he received an open letter from Lord Ashcroft alerting him to the dangers of…
Directors’ Deals: latest trades
Investors in Michael Page International saw steady gains for the first quarter reversed in April as the recruitment giant reported a slip in profits for the period. Weaker demand depressed…
Business jets fuel Bombardier revenues
©Bloomberg Plugged in: Mexican workers, such as these working on a Bombardier jet at a factory in Querétaro, are now leading suppliers to the US Bloomberg A surge in business…
Machines are replacing men in warfare
©Reuters It was Thucydides who called war “the human thing” – the only definition the Greek historian was willing to offer. War and humanity have evolved together from the beginning.…
UK pushes to amend EU Syria arms embargo
Britain indicated on Wednesday that it will press ahead with plans to try and amend the EU arms embargo on Syria, despite the decision by the US and Russia to…
BAE forecasts hit by defence cutbacks
BAE, Europe’s largest defence contractor, on Wednesday highlighted just how tough it is to grow when almost all your business depends on the willingness of a handful of nations to…
US objects to MoD outsourcing plan
The US has raised concern over the UK’s plan to outsource procurement of military equipment to the private sector. Under pressure to make cost savings, the Ministry of Defence is…
Institutional investors back EasyJet order
Leading institutional investors at EasyJet are backing a new growth phase at the budget airline with an aircraft deal for as many as 200 jets, even though the company’s largest…
Top investors back helicopter lease plan
The funds of two of the world’s highest-profile individual investors – Michael Dell and George Soros – are betting on future high levels of offshore oil production by investing hundreds…
UK commercial drone project gains altitude
We’re 5,000 feet up above the Irish Sea but the pilot is 20 miles behind us in a hut in a corner of a Lancashire airfield.©Charlie Bibby/FT Bob Fraser, a…
Remote-controlled flight is sedate affair
Our Jetstream 31 is 5,000ft above the Irish Sea but its pilot is 20 miles behind us. “Expect a left turn,” calls the systems engineer, crouched over a laptop in…
Rolls-Royce aerospace head resigns
©Newscast Rolls-Royce on Thursday announced the departure of Mark King, head of its aerospace division that makes engines for passenger jets. It comes at a time when the Serious Fraud…
Dreamliner grounding hits carriers’ profits
The grounding of Boeing’s 787 Dreamliner is expected to shave more than $100m off the combined operating profits of All Nippon Airways and Japan Airlines, the two carriers indicated on…
France aims to reduce armed forces
France, which launched an armed intervention in Mali earlier this year, has declared its determination to sustain its punch as a leading military power, despite making fresh cuts to its…