Business
Latest stories in this section, ordered by the original publication time from each source.
For Struggling JetBlue, Spirit’s Demise May Offer an Opportunity
JetBlue Airways is adding flights at Spirit Airlines’ former home airport as it tries to turn a profit again.
Trump airport branding deal opens new route to profit for family
Florida agreement grants US president control of licensing and merchandising at renamed airport, analysts sayIt was a week in which one prominent name in aviation, Spirit Airlines, disappeared, killed in the company’s own admission by high fuel prices resulting from Donald Trump’s war in Iran.Within...
Air travel was already miserable. Now we get to pay more for it! | Dave Schilling
Spirit Airlines helped turn flying into a fee-based nightmare. Now it’s gone, and fuel prices are soaringForgive me for not mourning last week’s demise of Spirit Airlines, the company responsible for making flying absolutely terrible. Due to rising expenses and billions of dollars in debt, Spirit sh...
Spiritless summer: Americans feel squeeze of costly fuel amid busy travel season
Soaring oil prices have left many Americans with higher costs and fewer options for travel amid the Iran warTell us: have your holiday plans changed in light of recent world events?Chelsea Blackmore saves up every year for an annual vacation with her 58-year-old mother. This year, after landing an e...
‘Peak TV is behind us’: UK developers pivot from building studios to datacentres amid AI boom
Ambitious plans are being scaled back – but film and TV industry point to big existing investments in British productionHollywood blockbusters including the eagerly anticipated Beatles biopics and big-budget TV series such as Bridgerton have been keeping the UK’s film and TV studio facilities packed...
Who is Louis Mosley, the man tasked with defending Palantir against its critics?
The company’s UK and Europe boss has become a lightning rod for the British public’s fear of a US tech takeoverThe hall was packed with rightwing radicals when Louis Mosley heralded a coming revolution. Just as Oliver Cromwell – that “crusader for Christ and liberty” – routed King Charles I’s royali...
City & Guilds London Institute trustees accused of stalling inquiry into £166m sale
The board of the vocational charity has shown a ‘catastrophic failure of governance’, according to a member of the group’s councilThe trustees of City & Guilds London Institute have been accused of attempting to dodge accountability for a “catastrophic failure of governance” by stalling on the launc...
Taiwan’s Plastic Habit Collides With Shortages Caused by a Faraway War
Taiwan, one of the world’s biggest plastic users, is facing supply disruptions caused by the war in Iran. The crunch is already trickling down into everyday life.
When Mark Consuelos Wants to Escape New York, He Goes Here
“The midcentury architecture is fascinating. It’s also a place where I’m outside almost every waking hour of the day.”
How sunburn inspired a new way to store energy
Molecules that can capture heat could be a useful technology to decarbonise heating.
How Sir David Attenborough built 'Green Hollywood'
The city is responsible for 80% of the world's natural history TV shows.
Home batteries: a ‘gamechanger’ for cutting energy bills?
As fuel prices soar, millions of Britons could reduce their electricity costs by installing home storageConsumers across the UK are bracing for the war in the Middle East to deliver a sharp rise in home energy bills from this summer.The looming energy cost crisis has prompted a record number of hous...
‘We are talking about energy security for Europe’: Norway doubles down on oil and gas production
Norway’s energy minister says country has a ‘responsibility’ to address shortfalls caused by wars in Ukraine and Middle EastIn case of any doubt about Norway’s commitment to maintain – and expand – its production of gas and oil offshore, the energy minister, Terje Aasland, has a pithy response: “We ...
IMF's Executive Board approves $1.3bn financing for Pakistan's reform programme, flags heightened risks from Middle East war
WASHINGTON: The International Monetary Fund’s (IMF) Executive Board on Friday approved the latest review of Pakistan’s reform programme, paving the way for the release of $1.32 billion in financing under the ongoing arrangements. In Islamabad, Finance Minister Muhammad Aurangzeb also confirmed the a...
Worried Britons ‘prepping’ for major disruption with stash of tins and cash, survey shows
Fears over a natural disaster or cyber-attack are pushing households into contingency planning, Link survey showsMillions of Britons are “prepping” for a potential “major disruptive event” by keeping a stash of cash at home, stockpiling tinned goods or ensuring they have a battery-powered torch clos...
Gold, silver prices show slight decline in local and global markets
Price of gold per tola declines by Rs400 in Pakistan
Govt hikes petrol by Rs14.92 per litre, high-speed diesel by Rs15
The government raised the price of petrol by Rs14.92 per litre and that of high-speed diesel (HSD) by Rs15 on Friday. Following the increase, the price of petrol stands at Rs414.78 per litre and HSD’s at Rs414.58. The Petroleum Division’s press release notifying the increase said the new prices woul...
Mideast war taking a toll on Pakistan’s ‘wedding economy’
• Marriage halls increase rates or avoid long-term pricing commitments due to economic uncertainty• Govt austerity measures have led to stricter enforcement of wedding regulations, including the 10pm curfew and one-dish policy KARACHI: With temperatures climbing, wedding invitations seem to have mer...
Nike faces class action lawsuit accusing it of pocketing tariff refunds while charging consumers more
Nike faces a class action lawsuit alleging it failed to refund tariff-related costs passed to consumers through higher prices on footwear and apparel.
Oil jumps after renewed fighting
HOUSTON: Brent crude futures jumped as much as three per cent on Friday, a day after the US and Iran traded air strikes, with traders fretting over the future of the ceasefire and shipping in the Strait of Hormuz. Brent crude futures were at $101.47 a barrel, up $1.41 or 1.41pc by 10:51 CDT (1551 GM...
Equities snap four-session winning streak
KARACHI: The Pakistan Stock Exchange (PSX) ended lower on Friday, in line with a bearish trend across most Asian markets, snapping a four-session winning streak as investors resorted to panic selling ahead of the weekend amid renewed tensions in the Middle East and rising oil prices. According to ...
Inflation surges 15.16pc on costly fuel
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), surged by 15.16 per cent year on year in the week ending May 7, driven largely by higher retail prices of petroleum products and eatables, according to official data released on Friday. The increase in SPI was a broad-base...
Wheat procurement hits roadblock in Punjab
LAHORE: The Punjab government’s new wheat procurement mechanism is struggling, as private firms are experiencing buying failures due to pricing disputes, financing issues, and farmer resistance. Under the 2026 strategy, the government aimed to procure 3 million tonnes of wheat through 11 private com...
General Motors to pay $12.75m settlement for selling drivers’ location and data
Automaker had given ‘numerous statements reassuring drivers that it would not do so’, says California attorney generalGeneral Motors (GM) agreed to pay $12.75m to resolve claims that it illegally sold hundreds of thousands of Californians’ location and driving data to two data brokers, said the stat...