Business

Istanbul Overtakes Heathrow as Europe’s Leading Aviation Hub, Impacting Business Dynamics

In a significant shift within the aviation industry, Heathrow Airport has been overtaken by Istanbul Airport as Europe's busiest hub. During July, Heathrow saw 7.86 million passengers pass through its terminals, while Istanbul Airport welcomed a higher total of 8.15 million passengers. This development comes as Heathrow's passenger numbers declined by 1.5% compared to July of the previous year, while Istanbul experienced a 2.3%...

Barclays’ Increased Profits Ignite Debate on Raising UK Bank Taxes.

Barclays has unveiled impressive financial outcomes, sparking fresh appeals for the UK government to levy higher taxes on large banking institutions. For the second quarter, the bank reported a significant 31% increase in pre-tax profit year-on-year, reaching £3.3 billion. This performance brings the first-half profit to £6.1 billion, marking a 17% rise compared to the previous year. In addition to these profits, Barclays disclosed a...

Russia Greenlights TotalEnergies’ Stake Sale in Arctic LNG 2 Venture.

In a strategic maneuver to strengthen domestic control over key energy assets amid ongoing international sanctions, Russian President Vladimir Putin has approved the sale...

Global Fuel Increase Drives UK Energy Price Cap Up by 13%

Starting in July, energy bills for households across Great Britain are set to rise sharply due to a 13% hike in the national energy...

UK Proposes Enhanced Trade Ties with EU to Boost Goods Market

In an effort to enhance post-Brexit trade relations and invigorate economic growth, the UK government has considered establishing a single market for goods with...

Iran conflict fuels inflation concerns, impacting oil and bond markets.

Crude oil prices experienced an upswing on Monday amid escalating tensions in the Middle East, raising concerns about inflation and prompting speculation that central...