Losses balloon at Easyjet despite seeing ‘no disruption’ to jet fuel supplies Aviation Easyjet has played down fears that a jet fuel crisis caused by the Middle East will rip through its low-cost model, saying it has kept price rises to a minimum despite losses at the carrier ballooning to more than half a billion pounds. The London-listed carrier told investors it was “not seeing any disruption” to [...]
How SpaceX could become the most valuable company in the universe Opinion Elon Musk’s plans to colonise Mars may sound far-fetched, but he has already achieved most of what he set to do. But in order to make science fiction a reality, we need to make sure companies are rewarded for taking risks in space, says Rainer Zitelmann SpaceX is aiming to go public in June setting [...]
Starmer scrambles to limit fuel shortage hit Politics Sir Keir Starmer has spelt out a number of policies to address fuel shortages, signalling the government’s fears that the Iran war could hit motorists and households. During Prime Minister’s Questions, Starmer defended an announcement last year to “phase” new sanctions on Russia, while also trailing a policy to freeze a 5p fuel duty cut [...]
Starmer eases sanctions on Russian oil despite calls to ramp up North Sea drilling May 20, 2026 Keir Starmer is to allow Russian imports of diesel and jet fuel in a major softening of what has been a hardline stance towards Russia since its invasion of Ukraine in 2022. A licence issued on Wednesday will allow such products to enter the UK “indefinitely”, as long as the oil has been refined in [...]
Deutsche Bank hit with six-figure fine in UK for breaching Russia sanctions May 19, 2026 Deutsche Bank has been slapped with a six-figure fine by the Treasury’s financial sanctions body for processing payments that breached sanctions on Russia. The German multinational investment bank has been handed a £160,000 fine after it was found to have authorised two payments linked to a sanctioned Russian firm between the periods of June and [...]
City analysts brand SNP food price cap ‘hair brained’ May 19, 2026 Top city analysts have slammed the SNP’s pledge to cap food prices as “hair brained,” as the party’s leader refuses to walk back from the policy. City broker Shore Capital said the SNP’s proposals to cap the prices of some foods would risk diminishing choice, hampering investment in Scotland’s food industry and could even threaten [...]
Starmer prepares for leadership battle as Streeting declares UK must rejoin EU May 16, 2026 Prime minister Keir Starmer is expected to approve an £18bn increase in defence spending, as he prepares to battle for his political survival. Senior defence insiders said the investment would enable the armed forces to modernise and prepare to fight a future war. According to reports in The Times, national security adviser, Jonathan Powell, has [...]
Banning Russia but not Israel shows Eurovision has lost its moral compass May 15, 2026 Banning Russia from Eurovision was easy because it had near-universal Western consensus behind it. But is that is the precedent then it must be applied equally to Israel, says Pablo O’Hana There’s a particular kind of grief in cancelling something you love. After 14 years of hosting what I can only describe as genuinely joyful [...]
Rich List reveals scale of wealth exodus from Britain May 15, 2026 Revolut chief executive Nik Storonsky and quant house luminary Alex Gerko have both featured in the top 10 of The Sunday Times Rich List for the first time, in a year its author warned laid bare the scale of Britain’s wealth exodus. As many as one in six of the individuals and families who appeared [...]
Why Uzbekistan is the pick of the Silk Road, with amazing food and design May 15, 2026 The Silk Road is calling. You no longer need a Bactrian camel, and with a fair wind, you can fly from London to Tashkent in the same time it would take you to travel by train to Penzance or Glasgow. For the first time in history, Uzbekistan is a viable destination for a long weekend. [...]