The companies behind Great Britain’s gas pipes and power lines have pocketed a windfall of nearly £4bn from household bills during the energy and cost crisis, according to a report. The analysis, by Citizens Advice, argued that energy network owners were able to make the “excess profits” over the past four years after the industry…
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019. Massimo Pinca | Reuters DETROIT — Nikola Corp. — an auto startup that was once a favorite of Wall Street analysts and retail…
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Wednesday, March 29, 2023. Alibaba’s overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijings aim of carving up the countrys tech titans while unlocking potentially billions of dollars in pent-up shareholder value. Bloomberg |…
Swedish Prime Minister Ulf Kristersson during a press conference on Jan. 17, 2025. Florian Gaertner | Photothek | Getty Images STOCKHOLM — Europe is at risk of becoming a “museum” if it doesn’t soften strict curbs on artificial intelligence technologies and deregulate, Sweden’s Prime Minister Ulf Kristersson said Thursday. “I think we really need to…
Airbus has said it aims to make 820 planes this year as the world’s biggest aerospace manufacturer attempts to overcome problems in its supply chain. The European company said that deliveries would rise by 7% compared with the 766 planes made last year, as it reported an 8% drop in income for 2024 excluding various…
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided at the meeting to…
A JetBlue plane takes off from Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty Images JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals, the carrier’s president said Wednesday. “If we find a deal that’s accretive, we’ll absolutely do it,” JetBlue’s president, Marty St. George,…
Lloyds Banking Group has been forced to put aside a further £700m for potential compensation over the ballooning car loan commission scandal, in a move that knocked its annual profits by 20%. The latest provision marks a notable jump in the bank’s estimates for the potential cost of the scandal and brings the sum it…
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Members of the U.S. Federal Reserve’s rate-setting committee unanimously agreed to hold rates steady in January because they were,…
Friedrich Merz, Union candidate for chancellor and CDU federal chairman, joins the “Quadrell” TV round in the Bundestag election campaign. Michael Kappeler | Picture Alliance | Getty Images Friedrich Merz, migration hardliner and longtime rival of Angela Merkel, is expected to become Germany’s next chancellor. His party the Christian Democratic Union is leading polls alongside…
