Thursday, January 16
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News from the business world comes from all the financial institutions and business Hubs from around the world. We scoured the globe to bring you the top business news today.
Wizz Air ranked the worst airline for flight delays Wizz Air has been named the worst major airline for flight delays from UK airports for…
CITY AM – CBI IN CRISIS: Firms mull bailing out CITYAM SAYS The Treasury has placed on pause all engagement with the CBI, Britain’s biggest…
Financial Times – Ukraine ‘ready’ for Crimea talks with Kremlin if counteroffensive succeeds Summary of the front page The Financial Times reports that Kyiv is…
New tax year: Bills and benefits rise, but tax rise risk looms The new tax year has started with warnings for people to be cautious…
Financial Times – Trump enters not guilty plea to 34 counts on day of drama in New York Summary of the front page Trump’s “day…
Financial Times – EY banned from German audit work for two years after Wirecard scandal Summary of the front page The Financial Times reports that EY…
Richard Branson’s rocket firm Virgin Orbit files for bankruptcy Virgin Orbit, the satellite launch company founded by British billionaire Sir Richard Branson, has filed for…
Economist – America vs China: It’s worse than you think Economist says you may have hoped that when China reopened and face-to-face contact resumed between…
City AM – Britain goes own brand Recession fears see Brits stock up on own-brand kitchen staples CITY AM SAYS THE COST of living crisis…
Financial Times – oil producers spring surprise output cut of more than 1mn barrels a day Summary of the front page The Financial Times splashes…
Cineworld ditches sale of UK, US businesses after failing to find buyer Cineworld has abandoned plans to sell its cinema businesses in the US, UK,…
UK strikes agreement to join Asia-Pacific trade bloc FT says The UK on Friday unveiled an agreement to join an 11-member Asia-Pacific trade bloc, with…
Financial Times – China warns Europe not to follow US call for trade curbs Summary of the front page The FT leads on a warning…
UK-Asia trade deal to boost UK economy by 0.08% The UK has signed a trade deal with 11 Asia and Pacific nations, including Australia, Canada,…
Virgin Orbit lays off 85% of staff after failing to secure funding Virgin Orbit has announced that it will lay off 85% of its workforce…
Financial Times – Ermotti returns as UBS chief to steer $3.25bn Credit Suisse rescue mission Summary of the front page The FT reports UBS bank has…
‘Half-baked, half-hearted’: critics deride UK’s long-awaited climate strategy The Guardian says The UK’s new energy plan unveiled on Thursday is a missed opportunity full of…
Financial Times – Hunt to provide fresh cash for NHS pay deal but teachers’ row intensifies Summary of the front page The FT reports on…
Finally!
UK supermarket inflation hits record high The UK is experiencing record-high supermarket price inflation, with a 17.5% increase in grocery prices in the four weeks…
Twitter takeover: Elon Musk announces Blue Tick shakeup Twitter boss Elon Musk has announced changes to the social media platform’s paid feature, Twitter Blue. Starting…
CITY AM – UK economy not out of the woods yet UK recession still on the cards after aggressive Bank of England interest rate hikes…
FT – Investors pour $286bn into money market funds in scramble for safety The Financial Times leads with the recent banking crisis and how the…
Collapsed US Silicon Valley Bank bought by rival First Citizens BancShares has purchased the assets and loans of the collapsed US lender, Silicon Valley Bank…
Financial Times – TikTok chief struggles to fend off US ban in front of hostile Congress Summary of the front page The Financial Times leads…
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