UK air traffic control problem strands hundreds of thousands of passengers
Hundreds of thousands of air passengers had flights delayed or cancelled after another UK air traffic control technical glitch kept planes grounded for hours on Tuesday.
Regulation
Ikea wins right to launch legal action against Belgian far-right party
Ikea has won the right to take legal action against a Belgian far-right political party that parodied the Swedish flatpack furniture firm’s branding in its anti-immigration campaign.
UK to force Apple and Google to block explicit images on children’s smartphones
Apple and Google will be forced to block explicit images on children’s smartphones by law in the UK after talks failed to produce a breakthrough, the government has said.
Canada 10-year yield rises as oil surge fuels inflation worries
Wall Street closed lower on Monday, dragged down by retail and communications stocks. Concerns around overvaluation of AI-related stocks and rising oil prices because of continued Middle East tensions weighed on investo…
United Utilities fined nearly £1m after discharging raw sewage along Lancashire coast
United Utilities has been fined nearly £1m after illegally discharging raw sewage along the Lancashire coastline and polluting seaside holiday locations including Blackpool.
EU and Canada plan broad alliance to counter U.S.-China dominance - Bloomberg
An overwhelming victory by a far-right-wing party in a small state in eastern Germany will have major repercussions for Chancellor Friedrich Merz’s coalition.
Lavrov proposed turning all of Ukraine into a “buffer zone”
Russian Foreign Minister Sergey Lavrov suggested that Ukraine become a “buffer zone” once the conflict ends. This was his response to a question about guarantees that hostilities would not resume in 25 years.
Brussels is preparing restrictions on short-term rentals and second homes
The European Commission is paving the way to allow local governments to impose restrictions on second homes and short-term rentals in areas most threatened by the housing crisis sweeping the continent. The regulation do…
Channel 4 to axe about 300 jobs in biggest layoffs in its history
Channel 4 is poised to cut about 300 jobs – about a quarter of its workforce – in the biggest round of layoffs in its 43-year history, as the broadcaster seeks to dramatically cut costs.
Frank Elderson: Fireside chat
European banks are doing much better than they used to. Their profitability has caught up with that of US banks since the pandemic, and cost-to-income ratios in the EU are now better than in the United States. Asset qua…
The Kremlin hinted at a phone call between Putin and Trump today // Peskov did not rule out a phone call between Putin and Trump today
Russian President Vladimir Putin will hold an international phone call today “early in the afternoon,” according to presidential press secretary Dmitry Peskov.
‘Everything is against us’: Jaguar Land Rover suppliers voice fears amid carmaker’s cutbacks
David Roberts is not in an optimistic mood. The chair of Coventry-based Evtec may preside over a business with 900 highly skilled employees, multiple sites and precision machinery, but the outlook for the manufacturer a…
Premier League clubs face losing lucrative sponsors if unlicensed gambling firms banned
Half of the Premier League’s 20 clubs have sponsorship or advertising deals with unlicensed gambling companies that could be illegal next year under plans being developed by the government.
AI will help find cure for cancer ‘within our lifetimes’, says Arm Holdings chief
The boss of one of the UK’s biggest chip companies has claimed AI will be able to find a cure for cancer “in our lifetime”.
Catalonia Leads in Battery Demand Despite Its Lag in Renewable Energy Generation
The rollout of renewable energy in Catalonia continues to move forward at a slow pace, despite the urgent need to electrify the region’s economy and industry. However, although renewable energy’s share of the electricit…
Ozon Bank has begun offering auto loans
Ozon Bank (a subsidiary of the Ozon marketplace) has launched a pilot program to offer auto loans. The project is currently available to a select group of customers, the bank told Interfax.
Asia stocks waver as yen surges, Iran warns of retaliation
SINGAPORE – A surge in the Japanese yen and mixed economic data sent Asian stocks lower on Sept 8, while fresh Iranian threats in the Gulf drove commodity prices and Treasury bond yields higher.
The regional government raises the spending cap by 5 percent, to 43,191 million euros, for the 2027 budget
The Catalan Government will raise the spending cap for the 2027 budget to 43,191 million euros, representing a 4.9% increase over the previous year—about 2,000 million more. The figure is expected to be approved this Tu…
Billionaire Chris Rokos, who paid £330m in tax last year, to quit UK
The hedge fund billionaire Chris Rokos is poised to leave the UK, the latest in a string of high-profile exits among Britain’s super-rich.
Canada’s retaliatory US tariffs take effect as trade dispute grows
Counter-measures covering several sectors come after Trump announced 50% tariffs on Canadian goods
Europe’s fighter jet plans are in disarray. What happens next?
While the UK and Italy are making progress, France and Germany’s joint venture came to nothing, and the prospect of more countries pulling together seems way off
UK retailers to create 100,000 placements for young people out of work
In partnership with DWP, firms such as John Lewis and M&S plan to offer 18- to 24-year-olds placements of two to four weeks
Faisal Islam: Chancellor's attempts to boost vibes may limit tax rises
The chancellor may have thought about shifting the venue of his first major speech this morning.
French winemakers forecast 30-year low harvest after severe drought and heat
French vineyards hit by severe drought and heatwaves are expected to report a 30-year low in wine production after the country’s hottest ever recorded summer, according to the agriculture ministry.