LONDON –Uber has lost its bid at the UK Supreme Court to impose a 20% value-added tax (VAT) on rival…
Category: Business
UK and OpenAI Forge Strategic AI Partnership
The UK government and OpenAI—the creator of ChatGPT—have entered into a strategic partnership to bolster AI security research and explore…
BP Exits US Onshore Wind Sector in Strategic Shift Toward Core Energy Business
LONDON, July 18 — British energy giant BP has announced the sale of its entire U.S. onshore wind business to…
Norwegian Government Divests Final Stake in Norwegian Air for £68.9 Million
The Norwegian government has sold its remaining 6.26% stake in Norwegian Air Shuttle ASA, marking a major milestone in ending…
UK Retailer Halts Labubu Toy Sales Amid Safety Concerns and Violence
LONDON, 24 May 2025 — A leading UK retailer has suspended in-store sales of the popular Labubu toy amid growing…
Nvidia CEO Dismisses Concerns Over AI Chip Diversion to China
TAIPEI, May 18 — Nvidia Corporation’s Chief Executive Officer Jensen Huang has denied any indications that the company’s advanced AI…
IAG to order 53 new Airbus and Boeing long-haul aircrafts
LONDON: British Airways owner IAG said on Friday it would order 53 new Airbus and Boeing long-haul aircraft, in addition…
Boeing jet returns to US from China, a victim of Trump’s tariff war
Item 1 of 2 A Boeing 737 MAX plane, intended for China’s Xiamen Airlines, arrives at King County International Airport…
Vietnam’s VietJet owes investment fund over US$180mil, UK court rules
LONDON: Vietnamese budget airline VietJet owes a leasing firm just over US$180 million in a dispute over four planes, London’s…
Barclays Wins Dismissal of Two U.S. Lawsuits Over $17.7 Billion Issuance Error
Barclays successfully defeated two U.S. securities fraud lawsuits on Friday related to its unauthorized sale of $17.7 billion in securities—far…