A significant supply chain crisis has struck Skydio, the largest drone manufacturer in the United States and a crucial supplier to Ukraine’s military forces, following Beijing’s implementation of extensive sanctions.
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A retailer is rare even in this exclusive district of London’s St James’s Street. Among the gentleman’s clubs, shops that sell top-end cigars and shotguns are a number of retailers
The FTSE-100 hotel group that owns the Holiday Inn, Crowne Plaza and other chains was impacted by a weakening of demand in China. InterContinental Hotels Group said global revenue per
Iran’s currency has declined, and many foreign airlines have suspended their flights as they prepare for a retaliatory Israeli attack against the Islamic Republic. On the open market, the rial
The iron ore exports of the second-largest miner in the world have remained steady, despite the “uneven” recovery of the Chinese economy. China’s property sector remains in a slump. Rio
BMW has asked the European Commission reconsider its plan to ban all new petrol and diesel engines by 2035. Oliver Zipse said that the European Union’s ban on the sale
The Strait of Gibraltar has seen more than half of the Russian crude oil transported by dangerous “shadow fleets” of vessels pass through this year. This raises concerns about an
In an effort to reduce its growing deficit, the French government proposed a budget that would cut spending by €60bn and increase taxes on wealthy companies. Prime Minister Michel Barnier
Portugal plans to become a tax-free haven for young people by offering them a decade’s worth of tax breaks. This is to stop a brain drain. The centre-right government of
On Thursday, rescue operations began in Florida as officials assessed the damage caused by Hurricane Milton. The storm had crossed the state over night and left millions of people without
Unilever sold its Russian subsidiary for €520m to a local group after being criticized for continuing operations in the country following its invasion of Ukraine. Unilever, the London-listed consumer company,
On Wednesday evening, Hurricane Milton hit Florida’s heavily populated west coast. The storm brought life-threatening floods and extreme winds for the second time within two weeks. US National Hurricane Center
India announced a $760mn bailout package for the Maldives. The cash-strapped Indian Ocean island nation turned to New Delhi in order to avoid a sovereign default, despite its president’s attempts
Oil prices reached their highest level in over a month, amid fears of retaliatory attacks by Israel on Iranian oil installations. Biden responded, “We are in the process of discussing
The oil price rose by 4 percent after Iran launched an attack on Israel, the latest escalation of the conflict in the Middle East. One-month contracts for crude (the international
The co-founders from Silicon Valley’s largest venture capital firm announced that they support Donald Trump in his bid for reelection and will make large donations to further back him. Ben
