business news
Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. The lender swung to a pre-tax profit of £32.1 million ($38.3 million) in its fiscal year ending March 2022, having lost £31.5 […]
Read More
No evidence Putin is sick, CIA chief says; Ukraine desperate for air defense systems as forces hold the frontline
CIA director says Putin is wrong on Western resolve in Ukraine CIA Director William Burns in Washington, DC on October 27, 2021. Vladimir Putin’s view that Western resolve in Ukraine will gradually weaken is wrong, said CIA Director William Burns at the Aspen Security Forum on Wednesday. Drew Angerer | Getty Images News | Getty […]
Read More
Top travel tips: 5 ways to save money on flights and hotels as prices rise
1. Finding cheaper flights Those who are strategic about saving spend 23% less on flights than those who aren’t, according to a survey of budget travelers by the booking site VacationRenter. Top strategies include booking with a budget carrier (52%), sticking to one carry-on bag (48%), using credit card points or rewards (39%) and tracking […]
Read More
‘They need to get real’: Airlines slammed for betting on alternative fuels to reduce emissions
One of the ways that the sector is seeking to replace conventional fossil jet fuel is by exploring the use of sustainable aviation fuels, or SAF. Justin Tallis | Afp | Getty Images FARNBOROUGH, England — Airline executives at Britain’s Farnborough International Airshow are betting on the use of so-called sustainable aviation fuels to reduce […]
Read More
Toyota plans to roll out hydrogen fuel-cell trucks for the Japanese market next year
A Toyota Mirai hydrogen fuel cell vehicle photographed in Berlin, Germany, in August 2021. The Japanese automotive giant started working on the development of fuel-cell vehicles back in 1992. Krisztian Bocsi | Bloomberg | Getty Images Automotive giant Toyota, along with three other partners, will work on the development of light-duty fuel cell electric trucks […]
Read More
Baidu’s new robotaxi can drive without a steering wheel and is 50% cheaper
Baidu unveiled on July 21, 2022, the sixth generation of its self-driving electric car built for ride-hailing rides — at a cost nearly 50% below that of a model announced last year. Baidu BEIJING — Chinese tech giant Baidu announced Thursday it has cut the price of its robotaxi vehicles by nearly half, lowering costs […]
Read More
India’s IT giants pay CEOs millions as turnover climbs among software talent
There is a wild mismatch between the salaries of the CEOs of Indian Information Technology companies and lower and mid-level employees, the latter seen here going about their business at the headquarters of India’s best-known technology company, Infosys Technologies Ltd. in Bangalore in a stock photo. Bloomberg | Bloomberg | Getty Images The chief executive […]
Read More
Novak Djokovic’s US Open hopes suffer blow after tournament vows to respect US government policy on Covid-19 vaccine
Novak Djokovic during the Men’s Singles Final match on day fourteen of The Championships Wimbledon 2022 in London, England on July 10, 2022 in London, England. Novak Djokovic’s hopes of playing in the US Open suffered another blow after the tournament said it would respect the United States government’s rules on the Covid-19 vaccine. Julian […]
Read More
Biden says he expects to speak with China’s Xi in 10 days
U.S. President Joe Biden spoke with media on July 20, 2022, after disembarking Air Force One at Joint Base Andrews in Maryland. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Joe Biden said he expects to speak with Chinese President Xi Jinping by the end of the month. He did not elaborate […]
Read More
Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home […]
Read More