Money

British Airways halts short-term Heathrow flights

Published

1 year ago

August 2, 2022

ticker NEWS

Britain’s flagship carrier is halting the sales of short-haul flight tickets from London Heathrow Airport

British Airways is temporarily pausing short-term flights from London’s busiest airport, as the summer holiday season wreaks havoc on the aviation sector.

The move follows a cap in daily passenger numbers travelling through London Heathrow.

The suspension of tickets will affect BA’s flights to a range of European destinations.

“As a result of Heathrow’s request to limit new bookings, we’ve decided to take responsible action and limit the available fares on some Heathrow services to help maximise rebooking options for existing customers, given the restrictions imposed on us and the ongoing challenges facing the entire aviation industry.”
British airways

The company says existing bookings will not be affected. However, thousands of travellers have been impacted by the disruptions, including delays, cancellations and lost luggage in recent weeks.

British Airways has cut nearly 30,000 flights because of staffing problems from its April to October schedule.

The scheduling changes come after staff shortages because of the pandemic, and staff getting sick.

Meanwhile, Heathrow Airport has also struggled with the rising number of passengers. Issues with its baggage handling systems have led to passengers losing their luggage for days on end.

Money

There’s a 50/50 chance of a 2024 recession

Published

3 hours ago

December 5, 2023

ticker NEWS

The economy has been remarkably resilient despite massive pressures – but is that about to change in 2024?

The US economy is in for a sharp slowdown in 2024 as a closely watched survey of top economists foresees stubbornly high inflation, a rise in unemployment and a 50% chance of recession.

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Money

Tesla insurance sued for ‘inflated’ premiums, judge rules

Published

6 hours ago

December 5, 2023

ticker NEWS

A judge has ruled that Tesla’s insurance unit must face a lawsuit alleging “inflated” premiums.

The decision comes after policyholders claimed the electric car company’s insurance division overcharged them for coverage.

The lawsuit, which was filed by a group of Tesla policyholders, alleges that the premiums charged by Tesla’s insurance unit were significantly higher than market rates for similar coverage.

The plaintiffs argue that Tesla’s insurance division engaged in unfair pricing practices, leading to overpayment by policyholders.

Tesla has not yet commented on the judge’s decision, but the lawsuit raises questions about the transparency and fairness of the company’s insurance pricing.

It also highlights the growing scrutiny on how tech companies enter and compete in traditional industries like insurance.

Money

Elon Musk mocks Paris Hilton’s cookware ad

Published

6 hours ago

December 5, 2023

ticker NEWS

Tech mogul Elon Musk couldn’t resist poking fun at Paris Hilton’s recent cookware ad campaign after her company suspended a mysterious “X” deal.

In a tweet that quickly went viral, Musk quipped that the ad “wasn’t super convincing.”

The tweet came shortly after Paris Hilton’s company, Hilton Home Collection, announced the suspension of an undisclosed partnership, leaving fans and followers speculating about the nature of the collaboration. While the reasons for the suspension remain unknown, Musk’s tweet added a humorous twist to the situation.

Musk’s lighthearted remark sparked a flurry of reactions on social media, with some users joining in on the jest and others expressing curiosity about the nature of the suspended deal. Meanwhile, Paris Hilton herself has yet to respond to Musk’s comment, leaving many wondering if there’s more to the story than meets the eye.