London
Britain’s Heathrow Airport closes Friday after large fire causes ‘significant power outage’
A plane taking off from Heathrow Airport in the United Kingdom. Tim Ireland | Xinhua | Getty Images Britain’s Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said. “Heathrow is experiencing a significant power outage across the airport due to a large fire at […]
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Europe stocks close higher led by Germany’s DAX after lawmakers reportedly agree spending boost
Sterling slides after disappointing growth data The British pound was down 0.25% lower against the U.S. dollar and 0.44% lower against the euro at 4 p.m. in London. Earlier in the day, data showed the U.K. economy contracted 0.1% month-on-month in January, against the expected 0.1% expansion. “Although today’s figures come as something of a […]
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‘I hated team sports’: How Olympian Michael Johnson learned to be a leader
Michael Johnson celebrates winning the Men’s 200m at the 1996 Summer Olympics in Atlanta, Georgia. David Madison | Getty Images LONDON — Olympic sprinter Michael Johnson’s sporting career did not get off to the most auspicious start. “I hated team sports,” he told an audience at CNBC’s CONVERGE LIVE in Singapore on Thursday, referring to […]
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‘Volatility and conflict’: Business leaders sound warnings over Trump’s tariffs
LONDON — President Donald Trump’s trade tariffs are a major concern among U.S. and international business leaders, with industry titans warning of trouble ahead. Speaking at CNBC’s CONVERGE LIVE in Singapore, Bridgewater founder Ray Dalio warned of “fighting” between countries over the duties. “Tariffs are going to cause fighting between countries … I’m not necessarily […]
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EU leaders prepare ‘concrete’ measures on defense financing, sources say
LONDON — The European Union is expected to announce “concrete” measures on boosting defense financing this week, sources told CNBC, as Europe and the United States clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine. It follows two particularly […]
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Europe wants to broker peace in Ukraine — and between Trump and Kyiv after the White House fiasco
European leaders pose for a family photograph at Lancaster House during the European leaders’ summit on March 2, 2025 in London, England. Wpa Pool | Getty Images News | Getty Images European allies put forward their own peacekeeping plans for Ukraine at the weekend, as well as attempting to position the region as a mediator […]
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America’s appetite for gold is ‘sucking’ bullion out of other countries
Osakawayne Studios | Moment | Getty Images Strong U.S. demand for gold is “sucking” bullion out of some countries as traders try to stockpile it before U.S. President Donald Trump’s tariffs on Canada and Mexico kick into high gear. There’s a “glut of gold” in New York’s vaults, Adrian Ash, BullionVault’s director of research, told […]
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Shein’s annual profit down by more than a third, FT reports
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | Reuters Online fast-fashion retailer Shein’s profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial […]
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Here’s how much it can cost for one person to live in 12 major cities globally in 2025
It can cost on average of $2,050 to live in Tokyo for a month as a single person, according to Numbeo’s data. Jackyenjoyphotography | Moment | Getty Images Moving to a major city often comes with big benefits and opportunities, but it’s important to figure out if it makes sense financially before taking the leap. […]
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Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
Mark Lenhard, CEO of U.K.-based remittances platform Zepz. Lukas Schulze | Sportsfile for Web Summit via Getty Images LONDON — British digital remittances company Zepz is laying off dozens of IT workers and is in the process of closing down business units in Poland and Kenya. Roughly 200 staff members will be impacted by the […]
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