Business

Heathrow Power Outage Caused by Preventable Fault, Investigation Finds A fire at an electricity substation on 20 March led to major disruptions at Heathrow Airport, forcing its temporary closure and affecting over 200,000 travelers globally. Europe’s busiest airport canceled more than 1,000 flights the day after the

The EU risks becoming little more than a “province of China” due to its failure to reduce reliance on the country’s supply of essential raw materials, which are vital for producing electric vehicles, smartphones, and wind turbines, according to a prominent German industry leader. Stefan Scherer, CEO of AMG

The US Treasury has struck an agreement with other G7 nations, ensuring that previously established global minimum tax rules will not apply to American firms. The G7 governments yielded to strong pressure from former President Donald Trump and lobbying efforts by multinational corporations in Washington, London, Brussels, and elsewhere—much

Qantas Hit by Cybersecurity Incident, Impacting Up to 6 Million Customers Qantas has confirmed a significant cybersecurity breach that may have compromised the personal records of as many as 6 million customers. The airline stated on Wednesday that the affected system, a third-party platform used by its customer service center,

AstraZeneca CEO Considers Shifting Stock Listing to US Pascal Soriot, the chief executive of AstraZeneca, has reportedly expressed interest in moving the company’s stock market listing from the UK to the US. The head of Britain’s most valuable listed firm has privately discussed favoring a shift to New

Top Central Bankers to Discuss Global Economy In Sintra, Portugal, leading central bankers from around the world are set to discuss monetary policy and the global economic outlook. The heads of the central banks of the UK, the eurozone, the US, Japan, and South Korea are participating in a panel