Stories for May 3rd 2019

Friday, May 3rd 2019 - 09:07 UTC
Huawei leak scandal: Theresa May sacking of ex defense secretary backfires

British Prime Minister Theresa May hoped firing her defense secretary over a leak would put her latest government scandal to rest. But it seems only to have unleashed yet another political storm for the PM, with members of her own party questioning her judgment and opponents demanding the police be called in.
Friday, May 3rd 2019 - 09:05 UTC
Brexit frustration: English voters punish both Conservatives and Labour, Liberal Democrats big wins

English voters used local elections to punish both Prime Minister Theresa May's Conservatives and the opposition Labour Party for the deadlock over Brexit, partial results showed on Friday.
Friday, May 3rd 2019 - 09:03 UTC
Bank of England interest rate evolution depend on resolution of the Brexit impasse

United Kingdom interest rate increases could be “more frequent” than expected if the economy performs as the Bank of England is expecting, governor Mark Carney says. The markets are forecasting just one interest rate increase by 2021.
Friday, May 3rd 2019 - 09:00 UTC
Huawei launches its Smartphone line in Brazil targeting the premium segment

China’s Huawei Technologies Co Ltd launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America.
Friday, May 3rd 2019 - 08:47 UTC
House Speaker Pelosi accused the Attorney General of lying to the US Congress

House Speaker Nancy Pelosi on Thursday accused the top US law-enforcement officer of committing a crime by lying to Congress, escalating the showdown between Donald Trump's administration and the Democrats investigating him.
Friday, May 3rd 2019 - 08:40 UTC
Fed leaves interest rates unchanged despite strong pressure from Trump for a cut

The US Federal Reserve has kept interest rates on hold despite pressure from President Donald Trump to announce a cut. The central bank said borrowing costs will remain at between 2.25%-2.5%.
Friday, May 3rd 2019 - 08:29 UTC
Bombardier selling its Northern Ireland operations: 3.600 jobs on the line

The aerospace firm, Bombardier, is putting its Northern Ireland operation up for sale as part of a reorganization of the business. The Canadian aircraft manufacturer employs about 3,600 people across several locations in Northern Ireland.
Friday, May 3rd 2019 - 08:21 UTC
Proposals for a world class whisky tourist attraction in Edinburgh at the former House of Fraser

Proposals to open a “world-class” whisky tourist destination in one of Edinburgh's most prominent empty buildings is set to go ahead. Drinks giant Diageo's plans for the former House of Fraser building at the west end of Princes Street are expected to be passed next week. They have been recommended for approval by council planning officers.
Friday, May 3rd 2019 - 08:17 UTC
UK business spending on sports sponsorship to reach £35bn globally in 2019

Business spending on sports sponsorship is set to grow by 4% to £35bn globally in 2019, according to a new report. But rights-holders, such as leagues, teams or tournaments, are under-exploiting sponsorship deals, according to research from agency Two Circles.
Friday, May 3rd 2019 - 07:28 UTC
Emirates code-share partnership with LATAM Brazil on 17 Brazilian routes

Emirates has announced a new code share partnership agreement with LATAM Airlines Brazil covering domestic services in Brazil, providing greater choice and connectivity to its customers.