British Airways is under pressure to improve its operations as the summer rush begins, after a difficult year with cancellations outpacing its competitors. The airline has cancelled 4,033 flights from UK airports in the past year, almost double that of low-cost rival easyJet, according to data from aviation analytics firm Cirium. That amounted to 2.3 … Read more
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. Samsung Electronics expects operating profit to rise more than 15-fold in the second quarter as memory chip prices continue to recover from last year’s decline due to strong demand for artificial intelligence products. Friday’s better-than-expected outlook … Read more
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. Google’s greenhouse gas emissions have increased 48 percent over the past five years as it expands its data centers that support artificial intelligence systems, throwing into doubt Google’s commitment to reach “net zero” by 2030. The … Read more
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The world’s largest passenger plane, also known as the “Superjumbo,” is making a rapid comeback after production was halted in 2021. During Covid-19, many A380s were put into storage worldwide. Industry experts predicted that the planes would be scrapped in the coming years. But with Boeing’s 737 Max production halted, Heathrow recording its highest passenger … Read more
Oil prices have risen sharply over the past three weeks as geopolitical tensions have increased, but worrying economic data from the US could send prices back down. Friday June 28, 2024 All eyes are on US inflation data as crude oil prices have maintained their hot streak and are expected to end this week with … Read more
Oil prices have soared over the past three weeks as geopolitical tensions increased, although economic data in the US could drive prices back down. Friday June 28, 2024 All eyes are on US inflation data as crude oil prices have maintained their hot streak and are expected to end this week with a third weekly … Read more
Crossing the road used to be relatively easy. Now there is confusion. Some pedestrians walk quietly in front of cars, thinking they have the right of way – and that may well be the case. Some drivers stop respectfully and – rightly – beckon anyone on foot to cross unhindered. Other motorists honk angrily when … Read more
Image source, Shutterstock Item information Author, Charlotte Edwards Role, BBC business reporter June 27, 2024 12:17 BST Updated 2 hours ago Around three million households will see their mortgage costs rise over the next two years, the Bank of England has said. The Bank’s latest Financial Stability Report also states that around 400,000 mortgage holders … Read more
Image source, Getty Images Image caption, The TfL off-peak Friday trial period ran from March to May Item information Author, Noah Vickers Role, Local democracy reporter June 26, 2024 A £24 million pilot program offering off-peak fares for Transport for London (TfL) all day on Fridays has been found to have had a “negligible” impact … Read more