Bloomberg Indian steel giant Tata Steel Ltd may close sites including Port Talbot unless it receives $1.8 billion in support from the UK government, the Financial Times reported. Natarajan Chandrasekaran, Tata Group chairman, said the firm had been in talks with the government for two years over funding for Tata’s transition to greener steel production. “We should come to ...

  The contest for the Tory leadership may have weeks to run, but elite opinion has already plumped firmly for Rishi Sunak, former chancellor of the exchequer and Goldman Sachs banker, as its choice. The Times of London endorsed Sunak. The Financial Times and The Economist can be expected to follow. This is a mixed blessing for a candidate who ...

Much of the rich world is emerging from two years of pandemic more flush than it’s ever been. Deposits held by consumers at US commercial banks are roughly $3.5 trillion above where they’d have been if they continued the pre-pandemic trend, a position that inflation is only starting to eat away. For the airline industry, it’s precisely the opposite. While ...