Business

British Airways has suspended selling short-haul flights from Heathrow for at least a week. The decision to stop new bookings on domestic and European services until and including Monday is to comply with Heathrow’s cap on passenger numbers, the airline confirmed. In a statement BA said: “As a result of Heathrow’s request to limit new

EXCLUSIVE: Steel Springs Pictures has partnered with the card game We’re Not Really Strangers to create an exclusive sale of projects and formats that will expand upon the core essence of the brand. The deal is the first to be announced through Steel Springs Pictures’ newly minuted Non-Fiction division, which former OWN/Harpo executive Jonathan Sinclair

The Financial Conduct Authority has finalised tougher rules for the marketing of high-risk investments. Under the new rules, firms approving and issuing marketing must have the right expertise and those marketing some types of high-risk investments will have to do better checks to make sure those investments are well matched to consumers. Some incentives such

Warner Bros. Discovery is heading into a very important week. The company, whose regime just crossed the 100-days-in-office mark, reports its Q2 earnings Thursday, when CEO David Zaslav and his team are expected to lay out more concrete plans for the combined entity than they did on the Q1 earnings call, held just a couple

The UK’s competition watchdog is investigating Asos, Boohoo and George at Asda over claims about the sustainability of their products. The Competition and Markets Authority said it would examine the eco-friendly and sustainability claims made by the three businesses about items including clothing, footwear and accessories. In January the CMA started to look at sustainability

The House of Representatives voted narrowly on Friday to ban assault weapons, an effort to more forcefully respond to horrific mass shootings. The legislation, the Assault Weapons Ban of 2022, passed by a vote of 217-213. It would make it a crime to sell or possess semiautomatic assault weapons or high capacity magazines. It would

A London-based commodities broker controlled by a group of former Lehman Brothers executives will this week clinch a takeover of a major industry peer. Sky News has learnt that Marex Group will announce on Monday that it has reached an agreement to buy ED&F Man Capital Markets from ED&F Man Holdings. The purchase price is

A federal judge has dismissed Frances Fisher’s lawsuit against SAG-AFTRA, in which the actress accused the union and several of its former and current leaders of breaching their duty of fair representation over the raising of eligibility requirements for coverage under the SAG-AFTRA Health Plan . U.S. District Court Judge Christina Snyder dismissed the suit

British Airways owner IAG has returned to quarterly profitability for the first time since the coronavirus pandemic, but blamed Heathrow for its current “operational challenges”. IAG chief executive Luis Gallego said the group’s best performing airlines were Iberia and Vueling, which were boosted by a recovery in the Spanish domestic market and routes to Latin

Kate Bedingfield plans to depart her post as White House communications director, according to White House officials. Bedingfield, who has been with President Joe Biden since the start of his term and, before that, was a senior official on his presidential campaign, plans to leave this summer and perhaps in the next few weeks. The

Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, its stricken rival. Sky News has learnt that privately owned Octopus is nearing a deal with ministers to acquire its smaller competitor, which collapsed late last year. City sources said this weekend that a deal would involve

A Spanish prosecutor is reportedly set to seek a maximum of 8 years in prison and a $23 million fine against superstar singer Shakira for tax evasion, according to documents seen by Reuters. The three-time Grammy winner is accused of not paying nearly $15 million taxes from 2012-2014. The superstar says she has already paid

With so much fog surrounding the prospects for the UK economy, results statements from the country’s main commercial banks this week were an ideal opportunity to make sense of things, as the big lenders tend to have a good idea of what is happening on the ground. The overall picture painted – and this is

Before the prolonged agony of his multimillion dollar defamation trial with ex Amber Heard, Johnny Depp had some fun doing what he does best: creating a delightfully eccentric character. The project was a trailer for a new massively multiplayer online role-playing game called Sea Of Dawn from Changyou, the Chinese company behind the hit free-to-play MMORPG Dragon

Credit card borrowing last month increased at the fastest annual rate since 2005, according to new figures from the Bank of England. At the same time, the amount of money being deposited into accounts plummeted, as concerns grow about the rapidly increasing cost of living. Consumer credit, which includes borrowing on credit cards, overdrafts, personal

Sony Pictures Entertainment has posted operating income of $381M (50.7BN yen) for the first quarter of this year, up 25.3% on the $232M posted in the same period last year on a currency basis. Revenues grew even more significantly: up a whopping 136.6% to $2.58BN (341.4BN yen), compared with last year’s $1.87BN. The numbers were

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. Apple, the world’s largest technology company, is dealing with manufacturing headaches and inflation pressures and saw its profit in the last quarter fall by 10%, while revenue was up 2%. The

The sports agency Excel Sports Management, representing talent, brands and properties, has hired Ryan Holcomb as its first-ever Head of Content. Holcomb will be LA-based as he join the agency’s media division, Excel Media, which has recently put out docuseries highlighting the careers of two Excel clients, Joe Montana (Peacock’s Cool Under Pressure) and Derek

The world’s largest economy has contracted for a second consecutive quarter, although the downturn is yet to be officially termed a recession. The US recorded a 0.9% decline in output on an annualised basis between April and June, when economists had forecast an increase of 0.5%. The early data would meet the international criteria for

With a decision expected tomorrow on whether Los Angeles County will re-impose an indoor mask-wearing mandate due to the rise in cases from the more infectious BA.5 variant, the city of El Segundo today added its name to the list of local cities that will decline to enforce such a rule if it is implemented