Rolls-Royce has transformed from a "burning platform" in 2023 to reporting a 40% profit surge for 2025, driven by resolving persistent durability issues with its Trent engines and increased demand. The company is also exploring re-entry into the narrowbody jet engine market and benefiting from AI datacentre generator demand.
Australia faces economic pressures from inflation, high interest rates, and slowing demand, increasing public expectation for government support. Businesses report negative impacts from fuel prices, delaying investments and reducing workforces. An economist argues for realistic government intervention and greater entrepreneurial spirit.
Chinese carmakers face a brutal price war due to weak buying interest and policy changes. AlixPartners forecasts 24.6 million light vehicle deliveries this year, with 10 million exports, but domestic sales are expected to decline 27.7%.
UK baby banks supported 400,000 children in 2025, an 11% rise, with demand for formula and beds soaring. Charities warn they cannot sustain this impact of child poverty without government aid, as a record 4.5 million children live in poverty.
A Dutch court acquitted humanitarian worker Amin Abu Rashid of funding Hamas, a win for pro-Palestine activists. While the government supports Israel, public opinion is shifting, with polls showing dissatisfaction with the current approach and a broadcaster boycotting Eurovision due to the Gaza war.
The Indian government is covering hedging costs for FCNR(B) deposits until Sept 2026, allowing banks to offer over 7% interest. This enables NRIs to use a rate arbitrage strategy, borrowing against deposits to reinvest and potentially earn significant returns, though risks like fluctuating borrowing costs and foreign taxes remain.
Analysis reveals US government funding was vital for SpaceX and Tesla's early survival and growth. NASA contracts supported SpaceX, while federal loans, tax credits, and regulatory programs boosted Tesla, enabling them to become global giants.
PhD students in Australia are facing financial hardship due to low stipends, with rates falling below the poverty line. A recent report recommended increasing stipends to $50,000, but the government has not committed to the changes, sparking concerns about equity and Australia's research capacity.
Indian semiconductor startups are calling on the government for enhanced market access and intellectual property protection. They emphasize the need for procurement support and incentives for electronics makers to adopt local chips to foster growth and maintain domestic ownership amidst significant capital constraints.
Thousands of German steelworkers protested in Berlin and Völklingen, demanding more government aid for the struggling industry. They also urged against weakening climate targets, emphasizing the need for support in transitioning to "green steel."
The UK's visitor economy, vital for regional growth and local businesses, faces challenges from rising costs and increasing regulation. While demand for domestic travel is strong, hospitality businesses are struggling, leading to higher prices and reduced affordability for families. The article argues for government support, lighter regulation, and a cohesive strategy to treat travel as a key economic engine.
A devastating fire at the Flourish Stay B&B restaurant in New Delhi's Malviya Nagar area on Wednesday morning has claimed at least 21 lives, with many victims reported to be foreigners. Over 40 people were rescued, and authorities are investigating the cause.
A fire at a restaurant in Delhi's Malviya Nagar killed at least 21 people on Wednesday morning. Many victims are reportedly foreigners. 37 people were rescued and hospitalized. Prime Minister Modi announced financial aid for the deceased and injured.
A fire at a restaurant in Delhi's Malviya Nagar killed at least 21 people, many of them foreigners. 37 people were rescued and hospitalized. Prime Minister Narendra Modi announced financial assistance for the victims' families, with Rs 2 lakh for the deceased and Rs 50,000 for the injured. The cause of the fire is under investigation.
Tether, the world's largest stablecoin issuer, announced plans to launch GELT, a digital representation of Georgia's national currency, the Lari. This collaboration with the Georgian government marks a significant step in bringing national currencies onto digital asset platforms.
South Korean quantum computing stocks surged on May 22 following news that the US government will invest $2 billion in the sector, including acquiring stakes in companies like IBM. Related ETFs also saw significant gains.
The IMF has advised UK Chancellor Rachel Reeves to maintain spending limits, warning against caving to demands for government support. The advice, while milder than previous rebukes, urges focus on controlling welfare costs and efficiency in public services. The article questions the untouchability of pensioner benefits compared to those for younger generations and those in work.
Wong Hong, director general of the Association of Asia Pacific Airlines, stated that carriers require diverse aid, from financial support to flexible schedule cuts. He expressed concern over airlines facing difficulties, citing Spirit's recent shutdown due to fuel prices, and noted that Hong Kong airlines and Air New Zealand have received no support despite forecasting losses.
Lotus CEO Qingfeng Feng is seeking government support for its UK factory, emphasizing a commitment to British manufacturing despite a strategic shift towards hybrid models and a revised sales target.
A call from the former CEO of Proton for Malays to abandon a “mentality of waiting for aid” has been met with ridicule online, with social media users pointing to the national carmaker’s own long history of government support. Speaking on Sunday at the inaugural Musyawarah Nasional (National Discourse) dialogue platform founded by Deputy Prime Minister Ahmad Zahid Hamidi, Syed Zainal Abidin Syed Tahir said Malays needed to replace this perceived reliance on handouts with initiative. “Go for...
C. Joseph Vijay was sworn in as the new Chief Minister of Tamil Nadu on Sunday, marking a significant political shift. Prime Minister Narendra Modi congratulated Vijay and assured continued central government support for the state's welfare. Vijay's party, TVK, secured victory in the 2026 elections, ending the dominance of Dravidian parties.
Viduthalai Chiruthaigal Katchi (VCK) criticizes actor-politician Vijay's TVK for seeking government support via WhatsApp messages instead of direct consultations. VCK questions Vijay's political handling and accuses his party of misguiding him and exploiting his popularity while also criticizing TVK's stance on dynastic politics and resort politics.
Viduthalai Chiruthaigal Katchi (VCK) criticizes actor-politician Vijay's TVK for seeking government support via WhatsApp messages instead of direct consultations. VCK questions Vijay's political handling and accuses his party of misguiding him and exploiting his popularity while also criticizing TVK's stance on dynastic politics and resort politics.
Air fares have surged 24% on average due to the Middle East conflict, with routes between Europe and East Asia most affected—London to Melbourne up 76% and Hong Kong to London up 72%. Jet fuel prices have doubled to $150-$200 per barrel, forcing airlines to reroute flights and reduce capacity. UK carriers have submitted a confidential briefing to ministers requesting emergency measures including classifying fuel shortages as extraordinary circumstances, cutting Air Passenger Duty, and easing night flight restrictions.
