News

Wizz Air shares plunge 24% as plane groundings hit profits
Wizz Air’s profits fell by more than 40 per cent last year as the low-cost carrier grappled with the grounding of its planes due to engine problems, sending shares down 24 per cent on Thursday.
Care contracts in England are ‘state-sponsored exploitation’, says industry body
Homecare Association says more than a quarter of local authority fees do not cover cost of employing staff on minimum wage ...
White House probes Biden aides for allegedly concealing decline
Donald Trump has launched a probe into aides of Joe Biden for allegedly concealing his mental decline, as the US president escalates his effort to seek retribution against political foes.
TSMC’s rosy outlook and Huawei’s investment web
Since Huawei was sanctioned by the US in 2019, the Chinese tech giant has invested in more than 60 chip companies in China to ...
Citigroup lays off 3,500 tech staff in China
Citigroup has laid off 3,500 technology staff in mainland China as part of the bank’s push to cut costs and streamline its global operations amid a broader turnaround effort. The cut affects a ...
UK fintech Wise to switch main listing to New York
UK fintech Wise plans to switch its primary listing to New York in an attempt to attract more investors and boost its ...
The ONS reported a huge jump in vehicle taxes and nobody is happy
Asked about the VED number, a spokesperson for the ONS said it never speculates on the potential for revisions or corrections in any of the office’s statistics. The ONS only revises CPI and RPI ...
Nintendo sells out Switch 2 console at global launch
Long queues and midnight store openings have marked the global launch of Nintendo’s Switch 2, a long-awaited console that analysts see as a catalyst for the next wave of video game industry growth.
Nato defence ministers to discuss path to 5% military spending
Context: Donald Trump has demanded Nato members hit the 5 per cent target. Secretary-general Mark Rutte has developed a formula that includes spending 3.5 per cent on core defence, and 1.5 per cent on ...
Transcript: What drives China’s strongman leader?
This is an audio transcript of the Rachman Review podcast episode: ‘What drives China’s strongman leader?’ Gideon Rachman Hello, and welcome to the Rachman Review. I’m Gid ...
Panama port owner’s deal fuels fears of dominance by world’s top shipping group
A $23bn sale of ports by CK Hutchison has raised concerns in the logistics industry that the deal could hurt competition and disadvantage rivals by making the world’s biggest shipping company the top ...
Big investors shift away from US markets
Big institutional investors are shifting away from US markets as Donald Trump’s trade wars and the country’s escalating debt ...