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Ryanair accuses PM of travel ‘shambles’ and demands vaccine-led approach
Ryanair has hit out at the UK government’s traffic light system for global travel, describing the meagre green list of destinations as a “red list shambles”.The airline, Europe’s largest carrier, spoke up amid growing industry anger that holidays abroad are being discouraged at a time when COVID-19 vaccine rates should, they argue, be prompting a …
Business
Sky News
Rate of inflation passes Bank of England target as economy gets back in gear
The surge in the rate of inflation of the past couple of months showed no sign of slowing in May, hitting 2.1% as the cost of a range of goods picked up following the coronavirus crisis-induced slump for the economy.Figures from the Office for National Statistics (ONS) showed the annual pace of price growth – …
Business
Sky News
Ban on commercial evictions to be extended until March 2022
The government is to extend the ban on commercial evictions introduced during the pandemic until March 2022, the Treasury has confirmed.Chief secretary to the Treasury Stephen Barclay said the moratorium for business tenants will not expire at the end of this month as planned and will instead continue until 25 March 2022 – two years …
Business
Business Weekly
Delta dawn: AZ vaccine can tame Indian variant of Covid
New data from Public Health England demonstrates that Cambridge Big Biotech AstraZeneca’s Covid vaccine offers high levels of protection against the Delta variant (formerly the ‘Indian’ variant). Real world data from PHE shows that two doses of COVID-19 Vaccine AstraZeneca are 92 per cent effective against hospitalisation due to the Delta variant and showed no …
Business
Sky News
Biden hails breakthrough as US agrees truce in 17-year trade fight with EU
Joe Biden has hailed a “major breakthrough” after the US and EU agreed to a truce in a near 17-year aviation trade dispute that will phase out billions of dollars in punitive tariffs.The row, centred on the rivalry between aeroplane makers Airbus and Boeing, has spiralled into a series of tit-for-tat measures taking in a …
Business
Sky News
L&G puts AIG on the naughty step over ‘insufficient’ climate change action
American International Group is a $44bn (£31bn) giant, one of the world’s largest insurance businesses, the 173rd largest company in the S&P 500 index and is a brand, thanks to its past shirt sponsorship of Manchester United, known to millions.It is also, as of today, a company in which many clients of Legal & General …
Business
Euro News
EU and US reach deal to end Airbus-Boeing trade dispute
The United States and the European Union reached a deal on Tuesday to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus and phase out billions of dollars in punitive tariffs, the US trade envoy said.US Trade Representative Katherine Tai said the two sides have come to terms on a five-year …
Business
Sky News
‘Major step forward’ as national grid on track for ‘zero carbon’ periods by 2025
Great Britain’s national grid will start being powered free from fossil fuels by 2025, its operator has announced.A report from the National Grid Electricity System Operator (ESO) said by 2025 it will have transformed the way the electricity system operates, so that when there is enough zero-carbon generation available, it can deliver electricity to Great …
Business
Sky News
Ikea fined and ex-executive handed suspended jail term in spying case
The French subsidiary of Ikea has been fined €1m (£861,000) and a former executive handed a suspended jail term over accusations that employees were illegally spied on for many years.Following a trial, Ikea France was deemed guilty of improper use of personal data in a case that dates back to 2012 when allegations were first …
Business
Sky News
Ireland to impose tighter restrictions on British travellers amid Delta variant concerns
The Irish government is set to announce an increase to the self-isolation period for British travellers, going up from five days to 10.Under current rules, people arriving in Ireland from Britain must provide a negative PCR test result and then have to self-isolate at home, but can leave isolation after five days with a second …
Business
Sky News
PM hails ‘new dawn’ as UK and Australia agree trade deal – with Britons under 35 able to travel and work there more freely
The UK and Australia have agreed a free trade deal, the first agreement negotiated from scratch after Brexit.Boris Johnson said the tariff-free deal, which Downing Street said will see British cars, Scotch whisky and biscuits and ceramics become cheaper to sell, marked a “new dawn” in the UK’s relationship with Australia. The prime minister added: …
Business
Sky News
Premier League clubs report first fall in revenue due to pandemic
Coronavirus restrictions saw Premier League clubs report a fall in revenue for the first time, according to a report covering the 2019-20 season.Annual figures covering the 20 top-flight clubs’ performance off the pitch, produced by Deloitte’s sports business group, showed the lack of matchday spectators in the latter half as the pandemic first struck contributed …

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