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Bussiness

Revolut clinches UK banking license, ending three-year wait

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Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup...
Bussiness

Farnborough Air Show kicks off with $51 billion in deals as Airbus shows off new ultra long-haul jet

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An Airbus A321-XLR takes part in an air display on the opening day of the Farnborough International Airshow 2024, south west of London, on...
Bussiness

European Central Bank set to hold rates with inflation picture muddying demand for cuts

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Christine Lagarde, president of the European Central Bank, at a rates decision news conference in Frankfurt, Germany, on March 7, 2024. Bloomberg | Bloomberg |...
Bussiness

British pound breaches $1.3 for the first time in a year as Labour seen ushering in stability

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LONDON — The British pound on Wednesday broke above the $1.3 level against the U.S. dollar for the first time in a year, as...
Bussiness

UK inflation holds steady at Bank of England’s 2% target, above expectations

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Alexander Spatari | Moment | Getty ImagesU.K. inflation held steady at the Bank of England's 2% target in June, Official National Statistics data showed...
Travel

Lufthansa Slashes Costs to Adjust to Business Travel Weakness

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Lufthansa plans to slash costs and cut back on future projects as a “new reality” of lower corporate travel and increased competition drives down...
Bussiness

Britain’s largest water utility placed under special measures as it grapples with $19.7 billion debt pile

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Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2,...
Infra

U.S. oil prices fall for third straight day as oil infrastructure recovers from Tropical Storm Beryl

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"Hurricane Beryl has not only dumped water on all in its path, but it has also quenched some of the bullish fervour that was...
Infra

Andrew Maple-Brown Abbott on infrastructure investing

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Robert Maple-Brown and Chris Abbott began value investing in equities in 1984 with just $35 million in starting capital to their name. Over the...
Bussiness

Danish brewer Carlsberg to buy soft drinks maker Britvic in $4 billion deal after improved offer

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A can of Carlsberg AS pilsner and a Britvic Plc apple drink arranged in London, UK, on Friday, June 21, 2024. Hollie Adams | Bloomberg...
Jobs

Stocks are hovering near their records after the Labor Department delivered another strong jobs report

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NEW YORK (AP) — U.S. stocks are sticking near their records Friday following a highly anticipated report on the job market that showed a slowdown in...
Jobs

Here’s where the jobs are for June — in one chart

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Health care and social assistance have been a key component of the labor market recovery since the pandemic. Ambulatory health services added 22,000 jobs...
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