World’s joint-biggest cargo ship leaves UK after first visit June 2, 2023 The world’s joint-largest cargo ship has set sail from the UK after its first visit. The 1,300ft (400-metre) MSC Loreto vessel is capable of holding 24,346 standard containers, which is currently the record number. It shares this title with its sister vessel, the MSC Irina. MSC Loreto arrived at the Port of Felixstowe in Suffolk, [...]
Strikes by RMT members continue today causing travel disruption June 2, 2023 Strikes by railway workers continued on Friday, causing fresh travel disruption for passengers. Members of the Rail, Maritime and Transport (RMT) union employed by train operators across England walked out in a long-running dispute over jobs, pay and conditions. Train services were disrupted by the action, which comes almost a year after the RMT held [...]
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 [...]
Natwest set to receive £47m after reducing stake in Irish bank Permanent TSB June 2, 2023 Natwest and the Irish finance ministry have sold nearly 55m shares in Permanent TSB, representing about 10 per cent of the Irish bank’s share capital. The sale reduces Natwest’s share holding from around 16.7 per cent to around 11.7 per cent. The Irish government will continue to hold 57.4 per cent of the bank. The [...]
Animal drugmaker Dechra backs £4.5bn takeover swoop from Swedish firm EQT June 2, 2023 Animal drugmaker Dechra Pharmaceuticals has backed a £4.5bn takeover bid from Swedish investment firm EQT today in what would be one of the biggest take-private deals in London so far this year.
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 [...]
US Senate approves debt ceiling bill narrowly avoiding traumatic default June 2, 2023 The US Senate approved a deal to lift the debt ceiling yesterday, avoiding a traumatic federal default by a matter of days. 63 senators backed the proposals on Thursday night after the deal secured bipartisan support in the House of Representatives on Wednesday. Senate Majority Leader Chuck Schumer said ahead of voting that the Bill’s [...]
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, [...]
