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1818 articles · page 10 of 38
The Federal Aviation Administration has approved Boeing's 737 Max 10 for passenger service, ending nearly a decade of regulatory and technical delays. Transportation Secretary Sean Duffy announced the certification Tuesday at Boeing's Everett, Washington, plant, calling it a major win for American manufacturing after extensive safety reviews and thousands of hours of flight tests.
Western Sydney International Airport (WSI) will welcome its first commercial flight this Sunday, marking the opening of Sydney's second airport after years of planning. The airport, located roughly 60km from the city centre, promises to relieve congestion at Kingsford Smith and offer greater competition for flights. But as it launches with a modest initial schedule, aviation experts and the operator of Melbourne's lesser-known second airport, Avalon, offer contrasting perspectives on its path to success.
Political advertising ahead of the US midterm elections is forecast to reach a record $11.6 billion, with traditional broadcast television expected to capture the largest share at 48 percent, according to data from advertising intelligence firm AdImpact. The 2025-26 cycle surpasses both the $11.2 billion spent during the 2024 presidential race and the $8.9 billion in 2022 midterms, underscoring broadcast's enduring role in campaign strategy despite the rise of digital platforms.
Eurozone government debt rose to 88.8% of gross domestic product in the second quarter of 2026, up from 87.3% a year earlier, according to Eurostat. Italy's debt ratio now stands just 0.9 percentage points below Greece's, the bloc's most indebted member, while France's ratio climbed to 119.1% as its 10-year bond yield exceeded 5% for the first time since 2002.
The European Commission has opened an investigation into Booking.com, accusing the accommodation platform of an "absolutely substandard" approach to tackling fraudulent listings and phishing scams. EU regulators say the company may have breached the Digital Services Act (DSA), which requires platforms to assess and mitigate risks to consumers. The probe also examines whether Booking.com violated advertising transparency rules by not clearly disclosing paid placements.
Intel has installed the first major structural truss at its Ohio One semiconductor fabrication site near New Albany, Ohio, marking a visible construction milestone on a project now running at least five years behind its original schedule. The company projects the first fab will be completed in 2030 with operations starting in 2030-2031, and a second fab on the campus expected to follow in 2031-2032.
Staff at the University of Aberdeen are being balloted on industrial action in a dispute over a £10m savings plan that could cost more than 100 jobs, following the breakdown of negotiations between the institution and the University and College Union.
Shares of French supermarket giant Carrefour fell 14% on Wednesday after the company cut its full-year profit forecast, warning that widespread protests and civil unrest in France are disrupting store operations and weighing on consumer spending ahead of the crucial year-end shopping season.
Financial services firm FinTrU is proposing to cut 114 jobs across its offices in Belfast and Londonderry, with the Financial Services Union (FSU) questioning the fairness of the consultation process. The company said the move follows a wider strategic review and is part of an organisational realignment to support long-term growth.
British inflation rose to 3.5% in the year to September, its highest level in almost a year, as the Iran war continues to lift fuel prices. The figure, up from 3.1% in August, exceeds both the Bank of England's 2% target and economists' forecasts of 3.4%, cementing expectations that rate-setters will hike borrowing costs on Nov. 5.
A senior civil servant facing nine fraud charges for holding five full-time public sector jobs simultaneously has told a jury he made mistakes but denies criminal intent. Kashim Chowdhury, 55, is accused of earning more than £284,000 by concealing his multiple roles.
A new analysis from George Washington University challenges the conventional explanation for a 16 percent drop in US electric vehicle sales this spring, a period when gasoline prices surged past $4 per gallon following US and Israeli strikes on Iran. Professor John Paul Helveston argues the decline was driven by a policy-induced manufacturing retreat, not a failure of consumer appetite for electric cars.
JPMorgan Chase has financed or facilitated $230 billion into sectors deemed essential for economic and national security in the first year of its 10-year, $1.5 trillion Security and Resiliency Initiative, the bank announced on Monday. The effort, driven by CEO Jamie Dimon's longstanding warnings about US reliance on China, includes direct investments in defence startups, financing for critical minerals projects, and advisory work with the Pentagon.
The government has announced it will remove standing charges from household gas bills in Great Britain, as chancellor John Healey delivered his first Budget. The fixed daily fees will be shifted onto the unit rate of gas, and energy secretary Miatta Fahnbulleh said the change would give millions of households "breathing space" from unaffordable bills. The move comes as energy bills are forecast to rise 16% in January to about £2,000 for a typical annual dual-fuel bill.
Executives at AI infrastructure companies Nebius and Crusoe told CNBC on Wednesday that demand for computing power is driving prices higher, even as investors grow wary of the heavy debt financing underpinning the neocloud sector. CoreWeave, a leading player, has seen its credit default swaps widen and bond yields climb, with its stock falling sharply over the past month alongside peers Nebius and Iren. Nebius chief revenue officer Marc Boroditsky said the company is 'not carrying the kind of debt' that CoreWeave is, adding that an auction for capacity on Tuesday showed continued price rises. Crusoe CEO Chase Lochmiller said even older Nvidia chips command higher rental prices today than when they were first deployed, suggesting the economics of the model may be stronger than feared.
Wall Street's biggest investment banks are enjoying a record year for equities trading, driven by the global boom in artificial intelligence stocks, relaxed leverage rules and increased lending to hedge funds. Through the first nine months of 2026, the five largest banks generated $67 billion in equities revenue, with Goldman Sachs, JPMorgan Chase and Morgan Stanley accounting for $52 billion of that total.
NextDC, the Brisbane-based data centre operator, saw its shares fall 41.7% on Wednesday after it sharply cut its annual revenue and earnings forecasts, blaming community opposition and delays to grid upgrades at its M3 Melbourne facility. The company also slashed capital expenditure by 750 million Australian dollars ($527 million) and put land acquisitions and new developments on hold, the latest casualty of a widening investor retreat from AI infrastructure stocks.
United Airlines will open its biggest airport lounge this week, a 54,000 square foot club at Houston's George Bush Intercontinental Airport, as part of a $2.6 billion overhaul of Terminal B. The carrier says the new lounge is the largest in the Americas, underscoring how airlines are investing heavily in premium facilities to attract elite frequent flyers and higher-spending customers.
Elon Musk has declared it is “no longer impossible” for SpaceX to generate $1 trillion in revenue by 2028, an even more ambitious timeline than his previous projection of 2030. The claim, made in a post on X, drew immediate scepticism from analysts who said the target would require an implausible 53-fold increase in three years.
Current and former TikTok employees have accused the company of profiting from illegal child sexual exploitation videos on its platform, alleging that it failed to properly respond to internal reports and that senior leaders were aware of the problems. The company rejected the claims as inaccurate and misleading about its commitment to youth safety.
South Korea's L&C Bio, maker of the market-leading Re2O injection, says it has signed a distribution contract worth at least $60 million over five years to introduce the treatment to the US next year. The product is made from donated human skin sourced from American tissue banks, a supply chain that Business Insider traced from US donors to Seoul clinics, and its planned entry is likely to test whether the injections can be sold without approval from federal regulators.
UK consumer confidence has fallen for a third consecutive month, dropping from -32 to -40 in October according to the British Retail Consortium, as inflation accelerated to 3.5% and government borrowing hit £24.5bn in September, heaping pressure on Chancellor John Healey ahead of his first Budget on 28 October.
Getty Images, a leading global provider of visual content, has filed for Chapter 11 bankruptcy as it moves forward with a restructuring plan that will take the company private. The filing, made Wednesday in Delaware, follows the collapse of a planned merger with rival Shutterstock and increasing competition from AI-generated imagery. Under the plan, affiliates of the Getty family and Koch Equity Development will provide up to $533 million in new equity and own 100% of the restructured company.
Mortgage rates decreased for the first time in over two months, but the decline was not enough to reverse a slide in demand. Total mortgage application volume fell 5.3% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average rate for a 30-year fixed-rate mortgage with a conforming loan balance of $832,750 or less dipped to 7.41% from 7.50%, with points decreasing to 0.75 from 0.83. Yet both purchase and refinance applications continued to decline, leaving the housing market under pressure.
Bereaved families of civil servants could face large tax bills because of lengthy delays in processing death‑in‑benefit claims under the civil service pension scheme run by the outsourcing company Capita, MPs have warned. More than 1,600 families have been waiting over 100 days for their claims, pushing some beyond the two‑year window that allows lump‑sum payments to be made tax‑free.
Elon Musk said Tuesday that special committees of independent directors at both SpaceX and Tesla have been formed to study a potential merger, though he warned that assuming a deal is certain "would be overstating it." Any combination would require approval from a majority of all Tesla shares outstanding, a threshold Musk called "quite a high hurdle."
Abu Dhabi-based space technology company Space42 has committed $1.7 billion to new projects as part of a strategy to roughly double its revenue to $600 million by 2030 and reduce its reliance on government contracts in its home market, its managing director said this week.
The yield on France's benchmark 10-year government bond surpassed 5% on Wednesday for the first time since the dot-com financial crisis of 2002. The milestone underscores deepening investor unease over the country's fiscal trajectory as Prime Minister Sebastien Lecornu struggles to pass a 2027 budget requiring billions in spending cuts while facing a divided parliament and rising public unrest.
Tesla reported better-than-expected third-quarter earnings on Wednesday, but Elon Musk offered no fresh information on a potential merger with SpaceX, telling investors he had already said everything there was to say. The comments came a day after Musk floated the tie-up on SpaceX's earnings call, and after SpaceX shares jumped in premarket trading on its own strong results.
A Bradford solicitor has been secretly filmed by the BBC advising a business owner on how to avoid paying a £45,000 fine for employing an illegal worker, prompting a Home Office review into how such penalties are enforced. Mohammad Alias Yousaf, of Liberty Solicitors, told an undercover reporter posing as a mini-mart owner that he could transfer liability for the fine to someone overseas willing to declare themselves the business owner.
Shared Beginnings, a childcare chain owned by private lender Finexia Financial Group, has entered administration, becoming the latest early education provider to fail amid a wave of closures across Australia. All seven centres in Queensland, Victoria and the ACT remain open under administrator control while a buyer is sought.
The UK government has approved the Jackdaw gasfield east of Aberdeen, with production set to begin supplying homes and businesses from the end of October. The decision, announced on 21 October, ends months of delay and was immediately condemned by the Green Party leader as 'climate vandalism' and by environmental groups as a win for fossil fuel interests over the public. Energy secretary Miatta Fahnbulleh told MPs the approval would not lead to cheaper energy bills, even as the government announced an initial £2bn for a new Energy Wealth Fund to direct some North Sea tax revenue into renewables.
UK inflation climbed to 3.5% in the year to September, its highest rate in almost a year, driven by surging motor fuel prices that pushed diesel to its most expensive since July 2022. The Office for National Statistics figures, published a week before the Chancellor's autumn Budget, also showed public sector net debt surpassed £3 trillion for the first time, strengthening market expectations that the Bank of England will raise interest rates on 5 November.
The UK's inflation rate jumped to 3.5% in September, up from 3.1% in August, driven by sharp increases in petrol and diesel prices, according to official figures. The rise comes as global oil supplies remain squeezed by conflicts in the Middle East and Europe, and as government borrowing rose to £25 billion for the month.
Fortescue Metals Group has sacked a senior executive after an external investigation into allegations of sexual harassment and bullying found he breached the company's policies and values, while the miner faces a Federal Court class action over alleged conduct at its Pilbara mine sites.
Anthropic, the artificial intelligence company behind the Claude chatbot, reported a net loss of more than $80 billion in the first half of 2026, according to the Wall Street Journal, largely due to accounting charges on convertible notes. The massive loss comes as the company prepares for its initial public offering, with some investors now weighing a lower valuation.
Red Metal has commenced six-metre column leach tests to simulate a commercial-scale heap leach at its Sybella rare earths project in Queensland, a step the company says is critical to de-risking a low-cost processing route for its huge resource. The program follows a successful two-metre trial and forms part of a prefeasibility study due early next year.
Locksley Resources has redirected its exploration efforts from its US critical minerals portfolio to its Greater Tottenham copper-gold district in New South Wales, launching an integrated technical program to fast-track a major drilling campaign. The strategic pivot follows a decision in August to halt fieldwork at its Mojave project in California, driven by a collapse in antimony prices and a reassessment of project scale.
Orbit Resources has visually identified 11.8 metres of semi-massive to massive sulphides in drilling at its Lewis Ponds gold-silver and base metals project in New South Wales’ Lachlan Fold Belt. The intersection includes a 3.55-metre section estimated to contain 50 per cent sulphide minerals from 255 metres downhole, suggesting a significant zone of polymetallic mineralisation. Assay results are expected in the December quarter.
Fortescue Metals Group has terminated a senior executive after an independent investigation substantiated sexual harassment and bullying allegations against him, as Australia's third-largest mining company confronts a separate class action over the treatment of women at its Pilbara iron ore mines.
The final Tasmanian-brewed Boag's beers were bottled in Launceston this morning, officially ending 145 years of local production. The brewery will shut its doors for good on November 6, taking with it 42 local jobs and making Tasmania an importer of its own iconic beverage.
Online fast-fashion giant Shein has scored 28 out of 100 in the 11th Baptist World Aid ethical fashion report, released Tuesday, beating several well-known Australian retailers including Myer, Ghanda, and Windsor Smith. The report assessed 138 companies and 543 fashion brands, with Shein's score above that of Temu, which scored zero, and several local brands that did not participate in the research. The average score across all companies was 31.5, with only 13% able to demonstrate evidence of paying a living wage to any supply chain workers.
Amazon has told Australian customers it will raise the annual price of Prime from $79 to $99, with the higher amount billed from the first renewal on or after November 25. The company says the increase supports an expanding range of benefits, and it comes as Amazon faces a consumer watchdog lawsuit over how it introduced ads to Prime Video.
A new Bain & Company survey of global car buyers finds customers increasingly expect both lower prices and better technology, with technology and features now ranking ahead of price for consumers in China even as price remains the top concern in the United States and Europe. The findings add pressure on legacy automakers whose brand loyalty is fading, and who face intensifying competition from Chinese manufacturers.
Shares of Australian data center operator NextDC fell nearly 40% on Wednesday after the company slashed its fiscal 2027 earnings forecast, citing power supply delays at its Melbourne M3 facility due to community and stakeholder opposition.
ASX-listed Frontier Energy says the Australian Energy Market Operator has increased the Reserve Capacity Credits allocated to Stage One of its Waroona renewable energy project, boosting expected annual fixed capacity payments to about $36 million from about $32 million.
A New York judge has dismissed the defamation lawsuit Mariah Carey's brother Morgan brought over her 2020 memoir, The Meaning of Mariah Carey, ruling he failed to prove the singer knew her account was false or recklessly disregarded the truth, the standard required in matters of public interest.
Nevada has one of the highest shares of any state of parents working nights, early mornings and weekends, yet the number of licensed facilities offering round-the-clock childcare has fallen by about half since 2018, from 71 to 35. Parents who cannot find overnight care are falling back on relatives, friends and informal arrangements that researchers link to strains on children, marriages and jobs.