The UK has formally approved the £38bn Sizewell C nuclear plant, securing major investment and sparking a £12 annual rise in electricity bills. Backed by top investors and the government, the decade-long project promises to fuel six million homes, create 10,000 jobs, and boost energy security.
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NatWest has wrapped up its major purchase of Sainsbury’s Bank’s savings, loans, and credit cards, transferring about one million customer accounts. Customers should review their FSCS coverage if they have more than £85,000 saved across both banks. Sainsbury’s continues its travel and insurance offerings amidst this banking shift.
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Ryanair is dropping 800,000 seats and 12 routes in Spain for summer 2025, blaming an Aena airport fee hike. Regional airports like Jerez and Valladolid lose all Ryanair flights, while big hubs gain 1.5 million extra seats. Both sides accuse each other of harming connectivity.
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VivaColombia is shaking up air travel with its bold stand-up flight proposal, aiming for ultra-low fares with 'saddle seats.' CEO William Shaw says comfort can take a back seat on short trips, as the airline bets travelers will trade frills for savings. The plan still faces regulatory hurdles, but the industry is watching closely.
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Asda will stop offering its 10% Blue Light Card discount to millions of emergency service workers from May 13, 2025, with the partnership officially ending later that month. Many affected shoppers are disappointed, and Asda has yet to announce any replacement discount.
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Billionaire investor Bill Ackman warns of an impending 'economic nuclear winter' due to Trump's new tariff policy, urging a 90-day pause. He stresses potential global economic collapse and praises other prominent CEOs echoing concerns about rising inflation and recession threats.
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The FTSE 100 endured a steep 4.95% one-day decline after President Trump's unexpected tariff proclamations. Key players like Standard Chartered, HSBC, Shell, and BP saw significant losses. Surprisingly, defensive sectors including utilities and supermarkets gained, showing resilience. Amid escalating trade tensions, China issued its tariff response, while influential voices like Richard Branson criticized the U.S. strategy.
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A new bat coronavirus found in China has stirred global stock markets. Vaccine stocks such as Moderna surged, while travel sectors like Norwegian Cruise Lines saw declines. Scott Gottlieb, a former FDA Commissioner, downplayed the immediate risks. Market volatility was further influenced by economic data uncertainties and unrelated investigations like that of UnitedHealth.
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The UK banking industry is witnessing a substantial wave of branch closures, topping 6,000 since 2015, largely driven by consumer behavior shifts and technological advancements. Major banks like TSB, Barclays, NatWest, and Royal Bank of Scotland are significantly reducing their physical presence, raising concerns over community access. This trend calls for regulatory intervention and innovative solutions to ensure continued service accessibility for affected communities.
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