World Business Report Indians boycott Turkey and cancel travels
Indian tourists and companies start to threaten boycotts of Turkey and Azerbaijan - we'll explain why and what kind of impact it could have.
As Portugal gets set for elections we hear Antonio Fernandes reports from Lisbon.
And the businessman who travels a lot, and therefore needs a very important employee to take care of his office cat...
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
an hour ago
- Daily Mail
Ryanair engineers 'forced to check every new Boeing over manufacturing process fears'
Michael O'Leary has revealed that a team of engineers check every Boeing aircraft that Ryanair buys because of concerns over the manufacturing process. The Ryanair boss said previous problems with Boeing jets fresh off the production line meant that every aircraft undergoes a safety inspection before it is allowed to fly under the carrier's name. His comments emerged after a London-bound 787 Dreamliner made by the American company crashed in the Indian city of Ahmedabad moments after take-off on Thursday, killing all but one passenger on board. There is no suggestion yet that Boeing was at fault in the Air India disaster. Mr O'Leary, whose airline uses only Boeing aircraft and is regarded in the industry as one of the world's safest low-cost carriers, said a team of 30 inspection engineers oversaw Boeing's manufacturing in America. Once a new aircraft arrives at Ryanair's Irish headquarters, local engineers then conduct a 48-hour inspection. 'Only once we are completely happy does it go into operation,' Mr O'Leary told The Times. 'We had planes being delivered and when we get them back to Dublin we find spanners and tools under the floorboards.' His concerns were heightened last night after a Boeing engineer turned whistleblower called for a secret investigation, believed to have uncovered safety concerns with the 787 Dreamliner, to be published. Sam Salehpour claimed last year that 'shortcuts' were used in manufacturing the aircraft's fuselage and that engineers embedded drilling debris between joints in more than 1,000 planes, weakening the structure, shortening the planes' lifespan and risking 'catastrophic events'. A report by America's Federal Aviation Authority into his claims has yet to be made public.
Daily Mail
5 hours ago
- Daily Mail
French beach patrols cut during peak summer months as officers are redeployed to the south of the country to deal with tourist season
French beach patrols are left depleted during peak summer months as officers are redeployed to the south of the country to deal with tourist season, it has been claimed. A former Home Office official told The Mail on Sunday it was believed that the French would retain a 'nominal number' on the north coast to stop channel crossings, but would divert resources elsewhere to cope with an influx of tourists flocking to enjoy the sunshine. This would leave patrols in the north at their weakest just as smugglers were ramping up operations to take advantage of calmer seas. It comes as one gendarme told this newspaper there were already 'not enough' police to stop the crossings. Such complaints are unlikely to go down well in Westminster, after the UK struck a deal with the French in 2023 to provide £480 million over three years to tackle the problem. The money was supposed to double the number of personnel deployed on beach patrols, while providing for a new, highly trained, permanent French mobile policing unit, additional drones, aircraft and other surveillance technology. But the Home Office source said it was thought some gendarmes 'get sent to tourist hotspots during the summer', in a move indicative of French priorities. The source also said this was the case for 'big events in Paris' that required heavy policing. The day with the most migrants crossing the Channel this year was May 31, when 1,194 made the trip. That coincided with the Champions League Final, an event that drew a large police operation in Paris due to Paris Saint-Germain's participation. France's PAF frontier police have previously conceded that beach patrols are scaled back during the summer as gendarmes take advantage of generous holiday allowance. UK Border Force sources have warned that people traffickers are aware of these holiday patterns and plotted to 'take advantage'. La Prefecture du Nord – the authority responsible for governing the region around Calais and Dunkirk – declined to comment on the claims. It also rebuffed a request for data showing the monthly patrol numbers. The 2023 deal was also supposed to help fund a new detention centre on the outskirts of Dunkirk. But construction has been delayed until November this year, due to problems with planning approval. When the MoS visited the site on an industrial estate believed to have been chosen for the 140-capacity centre, it found an empty area of grassland that had been cordoned off with rocks.
Daily Mail
5 hours ago
- Daily Mail
JEFF PRESTRIDGE: I love looking fund managers in the eye - and so should you
Although it's not every investor's cup of tea, meeting those who manage investment funds that you hold in your Isa or pension can be both enlightening and reassuring. Some investment companies, such as Guinness Global Investors, go out of their way to engage with customers. Others are not interested – more fool them. Guinness holds regular events where investors in its funds get the chance to meet the managers, learn how things are going and the investment outlook. I went to one of these 18 months ago, held at the posh Fortnum & Mason store in London. Managers of its Global Equity Income fund 'sang' for their proverbial supper (tea and finger sandwiches) before taking questions from investors. For those present, it was a far more enjoyable – and informative – experience than reading though a fund factsheet, that's for sure. Some stock market-listed investment trusts also do their bit by turning annual general meetings (AGMs) into investor-friendly events. Just over a week ago I had the privilege of attending the AGM of trust India Capital Growth as an observer. While the meeting was held in a bland office near St Pancras International station in central London, the slating rain outside gave the occasion a monsoon-like feel, as becoming a fund investing in Indian equities (I arrived looking like a drowned rat). A super buffet of Indian cuisine was served up afterwards, though I was only able to snatch a vegetable samosa before heading off to meet a deadline on the winter fuel payment U-turn. I would have died for a bowl of the red lentil dhal with chilli and coriander that I could still smell as I searched outside for a Santander cycle to jump on and take me west. As with all AGMs, there were some tedious but necessary procedures to get through. Yet the 30 shareholders present heard a decent presentation from manager Gaurav Narain on the £150 million fund. Over the past five years the trust has managed to make bagfuls of cash for shareholders – returns of 244 per cent – though over the past year gains have been modest at 2.9 per cent. To his credit, Narain did not sugar-coat anything, laying out both the positives (the world's fourth largest economy with massive ongoing investment into infrastructure) and negatives (a highly valued stock market). He also answered a raft of intelligent questions from shareholders on everything from the portfolio's liquidity (the fund invests in a tight number of mid and small cap Indian stocks), the impact of President Donald Trump's tariffs on Indian trade with the United States, and India's controversial – and continued – purchase of oil from Russia. I also asked a question about whether the trust would at some stage be able to issue new shares, grow and drive down the annual charges – a rather expensive 1.6 per cent. Elisabeth Scott, the trust's chair, said that was the board's goal – though given the fund's shares currently stand at a near 7 per cent discount, it will not be happening soon. A question also came in from someone watching the AGM online. If you hold shares in an investment trust, I do encourage you to attend its AGM. You will learn a lot about the people attempting to make money on your behalf. One final point. A big thank-you to the shareholder who congratulated me on the quality of my Wealth journalism as I was leaving the AGM. If it was you, please drop me an email as I would be delighted to send you a bottle of bubbles. In journalism, criticism is received in abundance (I'm not moaning) but praise is such a rare commodity these days. Artemis proves itself yet again UK equity income fund Artemis Income has just celebrated its 25th anniversary – and what a fine job it has done for investors. Since launching in June 2000 it has turned £1,000 into £8,788, a 779 per cent increase. To put this into perspective, an equivalent investment in the FTSE All Share would have delivered a 264 per cent gain. The £5 billion fund invests in UK businesses that generate strong cashflows that the market undervalues. Artemis says the fund is a 'poster child for active management' with a 'disciplined, robust and repeatable investment process'. In other words, it does what an index tracking fund can't do – and that is outperform the market. Last month I included Artemis Income among the top 20 funds I have analysed for this section's fund focus slot over the years. I said it 'represents a Steady Eddie play on the UK stock market'. Artemis is an outstanding investment house where fund managers put their money where their mouth is – investing in the funds they run. Artemis Income is one of its shiniest fund lights. More bank branches close Another week, another round of bank closures. This time it's NatWest's turn to wield the axe on 52 branches and three 'mobile' branches – with most shutting in the autumn. These come on top of 53 closures the bank is currently in the middle of carrying out. Despite a passionate debate ten days ago in the Commons on the wreckage that closures cause to communities, it seems nobody in government or the regulatory world gives a fig. Personal banking services are disappearing from our high streets at a rapid rate of knots as the banks shove us towards faceless mobile banking. For those not prepared to go down that impersonal route, it leaves us with limited options: using a Post Office, a building society offering banking services (Nationwide springs to mind), a banking hub (if one exists) or travelling further afield to find a bank branch still open. Terribly depressing. Look, Rachel... a great idea! Between now and the Budget I will be spending a big chunk of my working hours writing about the likely tax hikes coming our way to pay for the Chancellor's £2.2 trillion spending binge. Hopefully I will help you mitigate some of them. But Rachel from Accounts needs to do her bit too by discouraging people from making decisions that harm their long-term finances. In particular, she needs to come clean soonest on whether she intends to clamp down on the right of people to take 25 per cent tax-free cash from their pension – subject to a maximum of £268,275. Laith Khalaf, head of investment analysis at platform AJ Bell, urges her to announce a 'pensions tax lock' that rules out changes to tax-free cash and pension tax relief for the rest of this Parliament. It's the soundest 'tax' idea I have heard since Rachel from Accounts took residence at Number 11 Downing Street. Khalaf for Chancellor, I say.
