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By: City A.M. Reporter

All 2878 Articles
  • Government preparing for legal fight with Covid inquiry (it set up) over Boris Johnson WhatsApp messages

    June 2, 2023

    Ministers are preparing for a high-profile legal battle with the Covid-19 inquiry as the Government seeks to challenge the request for Boris Johnson’s unredacted WhatsApp messages and notebooks.  Bereaved families and opposition parties hit out at the Government after the Cabinet Office took the highly unusual step of seeking a judicial review of inquiry chairwoman [...]

  • Wall Street rises on hopes the Fed may take it easier on rate hikes

    June 2, 2023

    Wall Street rose on Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The S&P 500 rallied 1 per cent after a suite of reports painted a picture of a split US economy. The job market remains solid, but manufacturing is weakening and retailers are seeing [...]

  • British Airways vows to challenge near £1m fine by US govt over refunds for cancelled pandemic flights

    June 2, 2023

    British Airways has been fined almost £1 million by the US government over claims it failed to pay refunds for cancelled flights. The US Transportation Department said in a legal document the airline did not “provide timely refunds to passengers” for abandoned or rescheduled flights to and from the country during the coronavirus pandemic. British [...]

  • Why Lufthansa’s stake in Alitalia successor ITA could signal a wave of European consolidation

    June 2, 2023

    Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the successor business to Alitalia profitable in coming years, potentially setting the scene [...]

  • Watch: US President Joe Biden, 80, falls over after a speech

    June 2, 2023

    US President Joe Biden fell over after giving a speech thanking US air force academy graduates for choosing “service over self”. He said they now have the “great privilege” of leading in a world that will only get more confusing in the years to come, and then stumbled on stage after handing out diplomas to graduates. “Graduates, [...]

  • Phillip Schofield: I have ‘lost everything’ after the affair

    June 2, 2023

    Phillip Schofield said he has “lost everything” in the wake of his affair with a younger male colleague and told of a “catastrophic effect” on his mind. The former This Morning presenter, 61, said the fallout from the revelations had been “relentless” and urged the media to leave his former lover “alone now”. Speaking to [...]

  • Ryanair: Irish eyes are smiling as airline nears passenger milestone

    June 2, 2023

    Ryanair is closing in on a 40 per cent year on year passenger number increase, with a bumper May leaving 2023 up 39 per cent on the first five months of last year. Fears that aviation would be permanently smaller due to the Covid-19 pandemic appear to have played out in business travel but the [...]

  • Gordon Brown leads new campaign for radical UK reform – with focus away from London

    June 1, 2023

    A group of leading Labour politicians has banded together to campaign for reform of the UK – with the focus on political and economic centres outside of London. Led by former prime minister Gordon Brown, Welsh First Minister Mark Drakeford, Greater Manchester Mayor Andy Burnham, West Yorkshire Mayor Tracy Brabin and Scottish Labour leader Anas [...]

  • ‘Ukraine’s rightful place is in Nato’: Rishi Sunak promises Kyiv ‘security arrangements’

    June 1, 2023

    Ukraine’s “rightful place” is in Nato, Rishi Sunak has said.  The Prime Minister is in Moldova for a gathering of European leaders, with his comments coming after a meeting with Ukrainian president Volodymyr Zelensky.  Kyiv has long called for Ukraine to be admitted to Nato, but allies are divided about when and how any accession [...]

  • Twitter may be worth a third of what Musk paid for it last year, figures show

    June 1, 2023

    Twitter may now be worth one third of what Elon Musk paid for the social media platform just seven months ago, figures show. Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55m (£5.28m). That is down from the nearly $20m [...]

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