Money
Honda pitches new business jet as private travel soars
The Honda Aircraft Company has rolled out plans for a new business jet that can fly non-stop across America
Honda, a big name in the automotive industry is tapping into the aviation industry as the company looks to tap into skyrocketing demand for private travel.
Under the proposal, the plane will have the capacity to seat up to 11 people and offer up to 20% better fuel efficiency than other jets in the category.
Honda Aircraft unveiled the new design at the National Business Aviation Association show in Las Vegas – renowned to be the industry’s largest business jet show.
Honda Aircraft, a subsidiary of Japan’s Honda Motor Co currently produces a six-seater HondaJet.
Honda’s plans come as business aviation traffic is soaring above pre-pandemic levels, with some corporate jet operators having to refuse new clients.
Due to the COVID pandemic, business travellers see flying private in smaller groups as safer and more convenient than traveling via commercial aircraft.
Money
France receives lowest credit rating due to crisis
France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability
France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.
Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.
The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.
Political Instability
The new prime minister faces a divided parliament and must secure budget approval by October 7.
The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.
Money
ANZ job cuts spark banking clash
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.
The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.
#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews
-
Shows4 days agoBoxing promoter aims to inspire young Australians
-
Property3 days ago
The hidden costs driving Australia’s housing crisis
-
Leaders5 days ago
Limoncello spritz boom transforms Australian liquor market
-
Money2 days ago
France receives lowest credit rating due to crisis
-
Leaders5 days ago
Escape Room industry still booming despite challenging market conditions
-
Money5 days ago
ANZ job cuts spark banking clash
-
News3 days ago
Wall Street bets big on Fed rate cut
-
Tech5 days ago
Apple unveils thinner iPhone Air to excite upgrades
