Heathrow sees passenger dip amid Iran conflict
The west London airport said 6.7 million passengers travelled through Heathrow in April.

The west London airport said 6.7 million passengers travelled through Heathrow in April.

US travelers are increasingly opting for international travel during the offseason to avoid heat, crowds, and high prices. Airlines are responding by extending flight seasons to European destinations, recognizing the demand for premium seats and higher spending potential from these travelers.

ITV is selling its media and entertainment divisions, including broadcast channels and the ITVX streaming service, to Sky for £1.6bn. The deal aims to create a stronger competitor against global streaming giants and YouTube in the UK market.

Chinese tea chain Molly Tea must pay $1.5m in damages for copying Louis Vuitton's iconic four-petal flower monogram trademark. The ruling has sparked online debate in China over copyright protection and brand imitation.

A report suggesting Anthropic is in talks with Samsung for a custom AI chip sent chip stocks plummeting. Despite Anthropic's denial of custom chip aspirations, the market reacted negatively, recalling past disruptions caused by AI advancements.

EasyJet and US investment firm Castlelake have reached an agreement in principle for a potential takeover offer of around £5.2 billion, valuing shares at £6.90 each. Regulatory approvals and shareholder votes are still required.

The first full week of July offers a light schedule of earnings and economic reports, with Levi Strauss, PepsiCo, and Delta Air Lines among the few major companies reporting. Key economic data includes services sector PMIs and existing home sales, while the AI trade faces scrutiny after recent sell-offs.