Business
JLR begins ‘phased restart’ of operations
Michael RaceBusiness reporter, BBC News
Getty ImagesJaguar Land Rover (JLR) says it has begun a “phased restart” of its operations with parts of its IT system back up and running.
The company said it was “working to clear a backlog of payments” to suppliers as it now had increased its processing capacity for invoicing.
The carmaker’s production lines have been suspended since a cyber attack in August forced the company to shut down its IT networks. Its factories remain closed until next month at the earliest.
The government is considering stepping in to support JLR’s parts suppliers, with concerns growing that some, mostly small businesses, could go bust due to the prolonged shutdown of operations.
JLR said on Thursday that its recovery programme was “firmly under way” and that its global parts logistics centre, which supplies spare parts that service customers’ vehicles, “returning to full operations”.
“The financial system we use to process the wholesales of vehicles has been brought back online and we are able to sell and register vehicles for our clients faster, delivering important cash flow,” the company added.
The carmaker said it recognised that the situation was a “difficult time for all connected with JLR”, with no new cars being built and staff being sent home from work.
The manufacturer, which is owned by India’s Tata Motors, typically builds about 1,000 cars a day at its three factories in Solihull and Wolverhampton in West Midlands, and Halewood in Merseyside.
Workers have been told to stay home since 1 September, with no firm return date.
About 30,000 people are directly employed at the company’s plants with about 100,000 working for firms in the supply chain. Some of these firms supply parts exclusively to JLR, while others sell components to other carmakers as well.
Calls have been made to support suppliers, whose businesses are under threat as a result of the knock-on impact of the cyber attack.
One idea being explored is the government buying the component parts the suppliers build, with the aim of keeping the companies in JLR’s supply chain in business until production lines are up and running again.
However, firms have told the BBC they are sceptical about the success of such a scheme.
The government “simply don’t understand the complexity of what they’re dealing with”, said one supplier.
“We don’t need promises, we need help.”
Unions have called for a Covid-style furlough scheme, but ministers have ruled this out given its likely cost, sources have told the BBC.
While the purchase and stockpiling of car parts by the government is an option on the table, this would present considerable logistical challenges.
JLR’s manufacturing process relies on the right part arriving at the right place, at the right time.
Another option being considered is government-backed loans to suppliers, though this is understood to be unpopular with suppliers.
Business
Irdai fines Reliance General Insurance over ‘commission’ – The Times of India
MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions. The penalty follows Irdai’s examination of transactions across FY19, FY20 and FY21. According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed entities under labels such as consumer awareness, marketing and advertising.
Business
Govt registers 144olive startups | The Express Tribune
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ISLAMABAD:
Pakistan has registered 144 olive startups as part of a decade-long government initiative aimed at developing the olive sector.
Olive Promotional Programme National Project Director Dr Muhammad Tariq told Wealth Pakistan that the sector had recorded rapid growth over the past 10 years due to sustained government backing.
“Ten years ago, when the government started this programme, we had only one entrepreneur. Today, we have 144 startups and entrepreneurs. It is a very fast-growing sector,” he said.
Tariq noted that the government’s continued support had played a central role in transforming the olive sector into a viable agro-industry. The federal minister for national food security has also taken steps to strengthen the sector by pursuing Pakistan’s full membership at the International Olive Council. “Hopefully, there will be progress within three months,” he said.
Business
Airlines cancel more than 1,200 flights ahead of winter storm. Here’s what to know
A traveler near a departures board at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Monday, Nov. 24, 2025.
Victor J. Blue | Bloomberg | Getty Images
Airlines canceled more than 1,200 U.S. flights on Friday ahead of a major winter storm that will put carriers to the test during one of the busiest travel periods of the year.
A winter storm warning is in effect starting Friday afternoon in New York City, New Jersey and Long Island, with snowfall totals potentially reaching 9 inches, most of it falling overnight, the National Weather Service said.
Over 350 flights, or more than a quarter of the day’s schedule, were canceled as of 1 p.m. Friday to and from New York’s John F. Kennedy International Airport, according to flight-tracking site FlightAware. More than 200 were also scrubbed at Newark Liberty International Airport in New Jersey, and more than 100 were canceled at Philadelphia International Airport.
American Airlines, Delta Air Lines, United Airlines, Southwest Airlines, JetBlue Airways and other carriers waived change fees for restrictive basic economy tickets and said they won’t charge a difference in fare for any other customers flying in and out of a host of airports in the Northeast U.S.
Customers must travel by the end of the year if they change their flights, the airlines said. Flying as early as possible is likely the best bet with few seats available during the busy Christmas week.
Airlines for America, the industry lobbying group, expects carriers to fly a record 52.6 million people between Dec. 19 and Jan. 5, with this Friday and Sunday among the busiest days.
Airlines generally cancel flights ahead of time for major weather events in the forecast, like blizzards or hurricanes, to avoid planes, connecting travelers and crews from getting stranded and worsening disruptions.
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