In the past year, TUI has been forced to borrow billions from the German government just to stay afloat. But analysts have warned that in the wake of the crisis, the part-nationalised firm may struggle to compete against leaner rivals, as the industry reels from more than 12 months of international travel bans.
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Can mining save Cornwall’s economy?
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In the meantime, with the leaders of seven of the world’s richest countries here, mapping out a recovery from...
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Why can’t the US stop soaring oil and gas prices?
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And while many small private companies, like Mr Wendt’s, are still pushing to boost output, the biggest firms have...
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Inflation: Five things driving up prices at record rates
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The British Furniture Manufacturers Association, which represents the industry, said the cost of materials including hard woods, fabrics, foam...
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War in Ukraine: IMF approves $1.4bn emergency funding
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“The tragic loss of life, huge refugee flows, and immense destruction of infrastructure and productive capacity is causing severe...
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Households could be paid to turn down heating
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Payments were likely to be at a similar level to last year’s £3,000 per MWh, it said, but how...
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Interest rates expected to stay at 16-year high
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Laith Khalaf, head of investment analysis at AJ Bell, said it was “almost certainly too early for the Bank...
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UK economy rebounds with fastest growth since WW2
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This, as the ONS points to, should be seen alongside the sharpest fall of 9.4% for the UK compared...
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Musk says Tesla investors backing pay deal
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Tesla boss Elon Musk says shareholder votes on a record-breaking payout to the multi-billionaire and a plan to move...
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