Record demand for flights across the Atlantic has pushed British Airways and parent group International Airlines Group (IAG) to new profit highs, a time of strong growth and recovery. British Airways, the IAG flagship airline, was a major contributor to the group's profit success, making a major contribution to a record year. IAG announced a …
WhatsApp, the messaging service, suffered a major technical hitch on Friday afternoon when it left thousands of users unable to send messages. Over 50,000 individuals reported problems with the app, citing issues with connectivity and message delivery, based on reports compiled by the service that monitors outages, Downdetector. Users quickly turned to alternative platforms to …
After more than 20 years of redefining global communication, Skype will officially go silent on May 5. Microsoft, the tech giant behind the once-revolutionary platform, announced its decision to phase out the service in favor of its newer, enterprise-focused platform, Teams. Skype originally appeared in 2003 as a revolutionary internet calling service that transformed long-distance …
Former US President Donald Trump has proposed a new immigration program, the "Gold Card Visa," aimed at high-net-worth individuals willing to invest a substantial amount in exchange for permanent residency. This initiative seeks to replace the long-standing EB-5 investor visa, promising a faster and more direct pathway to US citizenship. However, it comes with a …
Nvidia will report its latest earnings on Wednesday, a closely watched financial update that will provide investors with a better sense of how the AI chip giant is faring against nascent competition. The company recently experienced tremendous market volatility, much of it triggered by the emergence of China's DeepSeek AI model, which left Nvidia with …
Luxury vehicle manufacturer Aston Martin has laid off 170 staff as part of a cost-saving measure following a tough year of slumping sales and increasing losses. The UK car giant, based in Gaydon, Warwickshire, has been hit by supply chain issues and production hold-ups, resulting in a decline in car deliveries across 2023. The firm, …
Heathrow Airport is in talks with a number of airlines, including British Airways, as part of a once-a-decade review of its terminal assignments. The move could result in some carriers being forced to relocate from their established bases, representing a major change in operations at London's busiest airport. Sources say Heathrow has started talks with …
In a policy reversal, the European Union is to exempt most companies from the requirement to publish environmental impact reports, a big reversal of its sustainability reporting legislation. The action, intended to cut red tape for businesses, is part of the European Commission's overall approach to streamlining rules. The Commission on Wednesday revealed that 80 …
Technicolor, the iconic name in visual effects (VFX), has formally gone into administration in the UK, bringing an end to an era for a company that has been instrumental in creating cinematic history. From Disney's hand-drawn masterpiece Pinocchio in 1940 to the eagerly awaited Mufasa: The Lion King in 2024, Technicolor has left an indelible …
Tesla's European sales plummeted last month, with data revealing almost a 50% plunge from the corresponding period a year ago. The slump follows an escalating controversy involving CEO Elon Musk, who has been increasingly immersed in political discussion on both continents. According to data from the European Automobile Manufacturers’ Association (ACEA), Tesla managed to sell …
Tesla, the electric vehicle (EV) giant led by Elon Musk, has been making waves globally for over a decade. From revolutionizing the auto industry with sleek, high-performance electric cars to pushing the boundaries of renewable energy, Tesla has become synonymous with innovation. Now, with its much-anticipated entry into India—the world’s most populous country—Tesla is poised …
Octopus Energy is urging thousands of its customers to think about investing as little as £25 in its new initiative, "The Collective." Its new investment platform has already been a huge success, with the first two renewable energy schemes selling out in less than a week after opening. This initial success has since been followed …
St Austell residents in Cornwall are becoming increasingly worried about the future of the town, as businesses continue to close and shoppers steer clear. The latest blow is the closure of New Look in a month's time, as more retail chains pull out of the high street. With more than 360 of its UK shops …
Shein, the internet fast-fashion behemoth, recorded its net profit slide by as much as 40% in 2024, posing a new challenge before its much-awaited listing on the London Stock Exchange. The net earnings of the company dropped to around $1 billion, sources familiar with the situation told the Financial Times. Even as the profit fell, …
