... * Central banks should begin process of normalisation -BIS * Says short-term turbulence is inevitable * Inflation not the only important variable -BIS head of research By Marc JonesLONDON, June 25 (Reuters) - Major central banks should press ahead ...
Air bag maker Takata has filed for bankruptcy protection in Japan and the US, overwhelmed by lawsuits and recall costs over defective air bag inflators linked to the deaths of at least 16 people.
Some aviation experts have urged caution as an investigation is carried out into what exactly went wrong. "When you look at the number of aircraft movements every day, these [events] aren't one particular airline," aviation consultant Trevor Jenson said.
Royal Bank of Scotland is cutting 443 UK jobs dealing with business loans as it shifts many of the roles to India. The state-owned bank said it was moving the jobs, which help to handle loans for small businesses, as part of an ongoing cost-cutting drive.
Business confidence has jumped to an 18-month high, but companies are having trouble recruiting skilled workers, according to a new survey.