News

UK Vehicle Production Falls Sharply in January Amid Weak Export Demand

The Society of Motor Manufacturers and Traders (SMMT) reported a steep decline in UK vehicle production at the start of…

IAG Launches €1.5 Billion Share Buyback After Reporting Record Profits

International Airlines Group (IAG), the owner of British Airways, Iberia, Aer Lingus, and Vueling, has announced a fresh €1.5 billion…

Rolls-Royce Signals UK Could Lose Next-Generation UltraFan Engine Programme Without Government Support

Rolls-Royce has warned that its next-generation UltraFan engine, aimed at the high-demand narrowbody aircraft market, could be built outside the…

Aston Martin to Cut 20% of Workforce Following Sharp Annual Losses

Aston Martin has announced plans to reduce its global workforce by around 20% after reporting steep annual losses, as the…

HSBC Awards $3.9 Billion in Bonuses as Profits Beat Expectations

HSBC has announced its largest bonus pool in 14 years, distributing $3.9 billion to staff after annual profits exceeded City…

California Rescuers Recover Final Victim of Deadly Sierra Nevada Avalanche

Rescuers in California have recovered the body of the ninth and final person missing in an avalanche in the Sierra…