Virgin Atlantic is exploring whether it could launch a flying taxi service as part of a partnership with Bristol-based Vertical Aerospace. The airline suggests electric vertical take-off and landing vehicles…
Category: Business News
USA: Pride Cookies nearly tank baker’s business
When a small Southern bakery made rainbow-themed cookies to celebrate Pride Month, there was a swift backlash. On June 2, Confections, a tiny store in Lufkin, Tex., shared a photo…
USA: Tax details of US super-rich allegedly leaked
Details claiming to reveal how little income tax US billionaires pay have been leaked to a news website. ProPublica says it has seen the tax returns of some of the…
USA: The millionaire tech inventor who was ‘thrown away’ as a baby
Freddie Figgers was given his first computer at the age of nine. It was old and didn’t work but it was the start of a love affair with technology that…
UK: G7 tax deal for multinational companies
A landmark deal struck by rich nations to make multinational companies pay more tax has been criticised by campaigners for not going far enough. G7 finance ministers meeting in London…
Hong Kong: $1.3m parking space sold for US$1.3m
A parking space has reportedly sold for a record-breaking $1.3m (HK$10.2m; £930,000) in Hong Kong. It was one of several spots sold at an ultra-luxury development in the city’s affluent…
Sri Lanka: Chemical-laden cargo ship is sinks
A chemical-laden cargo ship is sinking off the coast of Sri Lanka, sparking fears of an environmental disaster. The Singapore-registered X-Press Pearl had been on fire for almost two weeks…
USA: Cyber-attack hits world’s largest meat supplier
The world’s largest meat processing company has been targeted by a sophisticated cyber-attack. Computer networks at JBS were hacked, temporarily shutting down some operations in Australia, Canada and the US,…
USA: President Biden sets out $6tn spending plan
US President Joe Biden has released his first annual budget – a $6tn (£4.2tn) spending plan that includes steep tax increases for wealthier Americans. The bumper proposal would include huge…
Scotland: Caretaker wanted to look after uninhabited Scottish island
A remote and uninhabited Scottish island is looking for a resident caretaker. Isle Martin, near Ullapool, has no full-time residents but needs someone to keep the island in shape for…