Global airlines losses this year will amount to $ 9.7 billion - estimates the International Air Transport Association (IATA). The challenge for carriers in 2022 will be to keep costs under control, as well as high fuel prices, it added.more
The government has axed the £1500 plug-in car grant (PiCG) with immediate effect - bringing to an end an electric car incentive scheme that dates back to 2011.
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The backers of the Irish franchise for healthy fast-food chain Leon have made a decision to wind up the company after Covid changed office-worker eating patterns.more
The cost of living squeeze tightened for millions of workers in the three months to April when base pay fell 2.2 per cent after taking inflation into account, official figures revealed today.more
The OECD organization announced that the British economy "will grow slower than expected this year." Moreover, experts estimate that the country will stagnate next year.more
Customers are buying fewer items and turning to cheaper products after witnessing a plunge in their household incomes, the chair of Asda has warned.
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There may be a shortage of kilts in Scotland this summer as their suppliers are already alarming openly that they are not keeping up with demand. The reason is supposed to be the record number of weddings that were previously postponed due to the pandemic.more
The Starbucks store chain announced its withdrawal from Russia after 15 years of presence in Russia. It has 130 establishments there that generate less than 1 percent. annual revenue. A similar decision was made yesterday, among others Levi's.more
The British government does not rule out imposing a windfall tax on oil and gas companies to help fight the rising cost of living, Deputy Finance Minister Simon Clarke said today.more
Elon Musk has halted his purchase of Twitter, while announcing that he is waiting for details to confirm calculations that spam, or fake accounts, actually account for less than 5 per cent of the service's users.more
Saudi Aramco surpassed Apple and became the highest-rated company in the world. The last time Saudi Aramco was number one in 2020, the Financial Times reported. Today, the market capitalization of the Saudi company is $ 2.426 trillion.more
The German multinational Siemens will withdraw from Russia due to the war in Ukraine, the company said, pointing to the additional costs and losses incurred in the part of its business responsible for the production of rolling stock as the reason for the decision.more
European companies, compared to American ones, grow more slowly, make less profit and invest less in research and development, according to a McKinsey Global Institute report. By 2040, they could generate up to €4 trillion less in added value, it stated.more
The UK yesterday banned the export of professional services to Russia and imposed sanctions on a further 63 individuals and entities, mainly in the mass media sector.more