British Airways boss Luis Gallego says Heathrow has lost out to EU competitors.
Heathrow has fallen behind other airports due to high passenger costs, a lack investment and the high cost of…
Monthly Archives
July 2024
The UK could build a hypersonic missile named for the fastest shark on earth.
Lockheed Martin, a US defence giant, has stated that it would be willing to select the UK to develop an advanced…
UK watchdog warns that west coast fares may rise in order to encourage people not…
According to a report by the government's watchdog on spending, the axing HS2's 2nd leg will likely mean higher…
Meta releases open-source AI application ‘competitive with closed…
Meta claims that its new artificial-intelligence model will be the first open source system to rival products from…
Spending watchdog: NHS finances in such a bad state that the whole service could…
Whitehall's watchdog on spending has warned that the NHS finances are in such a bad state that it could break down…
Rachel Reeves’ charm offensive in New York to boost UK investment
Rachel Reeves will be courting Wall Street titans in an attempt to boost US investments in the UK next month.…
Italy cracks down against local Amazon unit for tax and labor practices
The Italian Financial Police seized €121mn (about $113m) from an Amazon unit in Milan after the ecommerce company…
Lockheed says that Europe and Asia have a’strong need for deterrence.’
Lockheed Martin's sales target has been raised for the entire year due to strong demand for fighter jets and its…
Nationwide is the first major lender to offer a mortgage rate below 4% in months
The Nationwide Group is the first major lender to offer a mortgage for five years at a rate of less than 4 percent…
Losses for insurers from global IT outage may reach billions
After last week's global IT outage, the insurance industry has been bracing for possible losses of billions of…
Ryanair’s profits fall by almost half as summer fares drop
Ryanair's profits dropped by nearly half between April-June and the airline warned that summer fares would be…
Former Tory Chancellor Nadhim Zawawi is’seeking backers for £600m Telegraph…
Former chancellor Nadhim Zawawi approached a number billionaires about funding a possible £600m bid to buy the…
Abu Dhabi seizes designer pushchairs popular with middle class
Abu Dhabi's sovereign fund has taken control of Bugaboo - a designer pushchair company - from its private equity…
As society becomes more criminal, benefits fraud costs taxpayers a record £7.3bn
According to the Department for Work and Pensions, benefit fraud cost British taxpayers a record £7.3bn in 2017. A…
Barclays asks High Court to stop passive funds in investor lawsuit
Barclays wants the High Court of London to reduce the value of the £560mn lawsuit filed by investors. This is done…
Cohere, a new AI startup, raises $500mn to compete with OpenAI
Cohere, an artificial intelligence company, has raised $500mn through a new round of funding, making it the most…
Vertical Aerospace dismisses Rolls-Royce’s exit from flying taxis
The first prototype of the company crashed during testing just under a calendar year ago. Rolls-Royce withdrew as a…
Carpetright saves 300 jobs after founder returns to the floor
Lord Harris of Peckham, who built Carpetright from the ground up 35 years ago, has signed a multimillion pound deal…