The airline said it had “reluctantly” changed course after a British regulator began investigating whether its fees were illegal.
Category: Great Britain
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Those British Strawberries Are Being Picked by Central Asian Workers
The New York Times – Business:Ten years after Brexit, most seasonal workers in Britain are from countries such as Kyrgyzstan and Tajikistan. Without them, agricultural chiefs say, many farms would fail.
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Brexit Has Cost the UK Growth, Analysts Say, in the Decade Since the Vote
The New York Times – Business:Citing lower trade and investment, analysts broadly agree that Britain’s economy is smaller than it would have been if the country had stayed in the E.U.
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After Starmer Quits, Investors Wonder Where the British Economy Goes Next
The New York Times – Business:Markets reacted calmly to the prime minister’s announcement, which laid out a timeline for succession. Still, there’s not much clarity about the next government.
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BP’s Former Chairman, Albert Manifold, Disputes How Company Characterized His Dismissal
The New York Times – Business:Albert Manifold, who was abruptly fired less than a year after he was appointed, said he was let go “without explanation.”
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Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
The New York Times – Business:An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
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UK Institute Is Hunting for Dangers Lurking in AI
The New York Times – Business:The government’s A.I. Security Institute, staffed by alumni from OpenAI and Google, is becoming a model for countries grappling with A.I.’s emerging risks.
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British Politics Is Obsessing Over the Bond Market. Here’s Why.
The New York Times – Business:Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.
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Is the Bond Market Signaling Danger? Or Opportunity?
The New York Times – Business:Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
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What the Bond Markets Are Saying About Britain’s Politics and Economy
The New York Times – Business:The yields on British debt pushed higher as the country’s prime minister, Keir Starmer, confronted a rebellion from members of his party.
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Britain Will Nationalize Its Last Major Steel Mill, Prime Minister Says
The New York Times – Business:Keir Starmer, with thousands of jobs at stake, vowed to take full control of British Steel, a year after the government first intervened to keep its operations going.
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How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps
The New York Times – Business:Already having faced an energy crisis five years ago, more European consumers believe they are “one Trump-ignited war away” from crushing costs.