Rolling coverage of the latest economic and financial news
Out-of-this-world revelations in short supply at US Congress briefing on UFOs
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The US Congress held its first open briefing on UFOs in more than 50 years on Tuesday, but those seeking explanations for the numerous military sightings of unexplained objects were left disappointed, as defense offic...
Watchdog urged to step in as UK’s poorest turn off energy supply
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A food bank charity has called for the energy watchdog to intervene after a spate of reports of penniless families self-disconnecting from their gas and electricity, leaving them unable to wash clothes, use cookers or...
Home Office backs down over travel costs for Eritrean refugee sitting GCSEs
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The Home Office has backed down part way through a high court hearing after an orphaned teenage asylum seeker from Eritrea feared she would be unable to sit her GCSE exams next week due to not being accommodated close...
Peloton shares plunge 20% as losses widen and sales guidance cut
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Peloton’s share price crashed 20% in early trading after the exercise bike maker missed revenue targets, cut sales guidance and reported a bigger quarterly loss than anticipated, and its boss described turning the com...
Prince Harry, travel influencer? Why the royal is acting in a skit about sustainable holidays
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Name: Prince Harry: travel influencer. Age: Three years and counting. Appearance: Just a regular gap year scruff. Wait, is Prince Harry on a gap year? He has left home, and seems to spend his life ambling around a for...
Confidence? It’s in short supply at the Bank of England
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There is a school of thought that says central banks, after a decade of running scared, have found their mojo again. Their anxiety stemmed from the 2008 crash, when banks panicked in the wake of the US sub-prime prope...
Business class travel helps post-pandemic airline sales take off
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It was proclaimed moribund, if not doomed, just a year ago. But now, is business class air travel taking off again? British Airways’ owner IAG, forecasting a return to profit this year, said that a strong recovery in ...