Business

Thunderstorms disrupt Gatwick and Heathrow as hundreds of flights delayed or cancelled
Posted on Saturday June 27, 2026

Passengers report being stuck on grounded planes in sweltering conditions as severe weather causes travel disruption across Europe

Europe heatwave: latest updates

Thunderstorms have caused severe delays to hundreds of flights at Heathrow and Gatwick airports, leaving passengers stuck on grounded planes for hours in the scorching heat.

Overnight, downpours and thunderstorms lit up the skies of London after back-to-back days of 30C-plus weather as the UK and much of Europe experienced a record-breaking heatwave.

Trump threatens 100% tariff on European countries that impose digital tax
Posted on Saturday June 27, 2026

US president says levy would be imposed immediately and supersede pre-existing trade deals with the country

Donald Trump has threatened to place a 100% import tariff on any European country that imposes a tax on digital services from US companies.

Writing on Truth Social on Friday, the US president said that “numerous European countries” had been discussing putting a digital services tax on American companies and that “some of these countries are close to actually doing this”.

UK minister working up plans for state-owned housing developer
Posted on Saturday June 27, 2026

Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developers

The housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly low rates of housebuilding.

Steve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations, according to plans leaked to the Guardian.

Two tickets for Wimbledon Centre Court? That’ll be £586,000 please
Posted on Saturday June 27, 2026

A pair of debenture tickets changed hands this week for a sum far beyond the means of ordinary tennis fans

Like many of us, Marcos Ortega enters the Wimbledon public ticket ballot every year in the hope of seeing some championship tennis. In seven straight years of trying, however, he has never got lucky. So he was delighted – initially, at least – to learn there was a way to secure a ticket for every game played on Centre Court.

But Ortega’s hopeful delight quickly turned to anger when he discovered that it would cost him £293,000.

Foodie in Fairbanks: the unexpected culinary scene in the middle of Alaska
Posted on Saturday June 27, 2026

Locals and visitors of the Golden Heart City have a plethora of food choices to choose from – Thai, Chinese, Korean and even Moldovan cuisine

Charlie Boonprasert and Tutu Navachai arrived in Fairbanks in the 1980s, when their friend offered them jobs mining and cooking at a gold lease. The pair, originally from northern Thailand, soon realized there was almost no south-east Asian food available in Alaska’s remote interior.

But they did find a small Thai population in Fairbanks yearning for a taste of home, and a chance to meet up and gossip.

Appeals court rejects Trump EPA bid to abandon rule restricting deadly soot pollution
Posted on Saturday June 27, 2026

Decision leaves in place Biden-era standard on pollution from coal-fired plants, factories and other industrial sources

A federal appeals court on Friday rejected the Environmental Protection Agency’s attempt to abandon a Biden-era rule that sets tough standards for deadly soot pollution.

The unanimous ruling by a three-judge panel is a setback for the Trump administration’s deregulatory agenda and its repeated efforts to boost coal, a reliable but polluting energy source.

The AI bubble has further to run despite the looming crash
Posted on Saturday June 27, 2026

As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoning

OpenAI staggers AI model release after White House request

Every couple of decades, investors will ask themselves how long can the stock market keep climbing. Is it safe to buy more shares? Is their pension or equity portfolio vulnerable should financial markets, and especially those in the US, come crashing down to earth?

When stock markets rise to historically high levels – and beyond the level when normal profits can sustain share prices – a few “experts” typically warn of an impending crash.