Heathrow Airport has reported a £2bn annual loss after passenger numbers during the coronavirus pandemic dropped to levels last seen in the 1970s. It said 2020 was the toughest year…
Category: Business News
UK:British Airways owner IAG calls for digital health passes
British Airways owner IAG has called for digital health passes “to reopen our skies safely” as it posted a record loss for 2020 due to Covid disruption. IAG posted an…
UK: Kalifa Review- warning over fintech investment
The UK risks losing its dominance in financial services – unless the government backs one of its most important export industries. That’s according to a major new report on arguably…
Brazil: Amazon rainforest plots sold via Facebook Marketplace ads
Parts of Brazil’s Amazon rainforest are being illegally being sold on Facebook. The protected areas include national forests and land reserved for indigenous peoples. Some of the plots listed via…
Croatia:The hypercar maker who was told to give up his dream
Mate Rimac runs an electric car company that sells some of the most exotic machines on the planet – but it all started out with a decidedly unexotic old banger.…
China: US$4,500 budget electric car takes on Tesla
A budget electric vehicle (EV) selling in China for $4,500 (£3,200) is now outselling Tesla’s more upmarket cars. The compact car is proving a big hit for state-owned SAIC Motor,…
USA: Goldman Sachs boss rejects work from home as the ‘new normal’
Goldman Sachs boss David Solomon has rejected remote working as a “new normal” and labelled it an “aberration” instead. Mr Solomon said the investment bank had operated throughout 2020 with…
Australia: Law to make Google and Facebook pay for news passed
Australia has passed a world-first law aimed at making Google and Facebook pay for news content on their platforms. The news code legislation had been fiercely opposed by the US…
Tech Giants: Apple buys a company every three to four weeks
Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed. That works out at a company every three to four weeks,…
2021: China court orders man to pay wife for housework in landmark case
A Beijing divorce court has ordered a man to compensate his wife for the housework she did during their marriage, in a landmark ruling. The woman will receive 50,000 yuan…