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Ryanair warns air fares in Europe will jump next year if oil price stays high
Ryanair warns European air fares could rise significantly next year if oil prices remain elevated, citing potential airline failures and reduced winter capacity due to high jet fuel costs.
‘Baggage reclaim was pandemonium’: passengers hit by airport IT chaos in UK recount their ordeals
More than 2,000 UK flights were cancelled following an air traffic control system failure, stranding hundreds of thousands of passengers with lost baggage, overnight airport stays, and missed connections.
Targeted ads delivered 0-click exploits to install mercenary malware
Researchers confirmed mercenary spyware was delivered through targeted ads via zero-click exploits that infected devices without user interaction, targeting journalists at Al Jazeera and government networks worldwide.
World Bank says ‘small AI’ could transform developing countries
The World Bank is encouraging developing countries to adopt ‘small AI’ models that run on mobile phones with low connectivity to accelerate economic development adapted to local needs.
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States expand student loan options as new federal borrowing caps take effect — but they come with trade-offs
States are expanding student loan programs as new federal borrowing caps take effect, but experts caution that state loans function more like private credit products and carry significant trade-offs compared to federal options.
Inheriting a home can leave siblings with financial headaches — how to avoid costly mistakes
Siblings inheriting a home together face complex financial decisions involving property taxes, insurance, maintenance and potential capital gains taxes, requiring clear communication and planning.
K-shaped economy shows up in housing: Luxury sales rise as starter-home buyers struggle
Luxury home sales are rising while starter-home sales fall despite increased availability, reflecting a K-shaped economy where high earners gain wealth while lower-income buyers struggle with affordability.
‘The market is dead’: why aren’t flats in England selling?
England’s flat market is struggling as leasehold concerns, pricing mismatches, and stricter mortgage lending rules deter buyers, with most flats remaining unsold within six months across major regions.
British energy bills forecast to hit three-year high this winter
British household energy bills are forecast to reach a three-year high this winter as Middle East tensions push wholesale prices upward, offsetting the government’s planned VAT reduction on electricity.
Treasury, IRS move to restrict refundable tax credits to certain immigrants
The Treasury Department and IRS proposed rules restricting refundable tax credits for certain immigrants, potentially affecting millions of lower-income earners including asylum applicants and DACA recipients.
Restaurant Brands International earnings beat as Burger King’s U.S. business soars
Restaurant Brands International reported second-quarter earnings that beat analyst expectations, driven by strong Burger King performance in the U.S. and internationally, though shares fell as other chains struggled.
Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery reported streaming revenue surpassed $3 billion in its second quarter, up 10% year-over-year, as the company faces scrutiny over its proposed merger with Paramount Skydance.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia’s $500 billion data center financing plan assumes its AI chips retain value like real estate, but analysts warn rapid depreciation and potential Chinese competition pose significant risks to the arrangement.
Cerebras stock plunges 14% after second earnings report following IPO
Cerebras raised full-year guidance following its second quarterly earnings report since its May IPO, but the chipmaker’s stock declined approximately 14% in extended trading.
Cisco’s stock drops despite earnings, revenue beat
Cisco shares declined in after-hours trading Wednesday despite reporting earnings and revenue that surpassed analyst expectations, with the company also providing upbeat forward guidance.
Japanese automakers vulnerable to one-two punch of Iran war, yen rally
Japanese automakers face headwinds from potential yen strengthening and Middle East conflict disruptions, threatening their recent profitability gains despite weak currency benefits earlier in the year.