Spirit Airlines’ parent company says it expects to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a preliminary deal with its lenders and secured creditors that provides the support needed to finish its restructur...
Food banks and hunger relief organizations are seeing an increase in the number of people lining up for food packages and calling helplines since Supplemental Nutrition Assistance Program (SNAP) benefits were halted on Nov. 1. Nearly 42 million Amer...
In a dramatic move Wednesday, President Donald Trump says he has authorized a 90-day pause in the higher tariffs for most countries he announced last week — while maintaining a 10% baseline tariff across the board. Treasury Secretary Scott Be...
Thousands of HSBC customers in the UK have reported that they are unable to access mobile banking. Downdetector, which tracks websites, showed more than 4,100 people had reported the banking app on their device was not functioning....
Metro Bank has struck a deal to raise extra funds from investors that it said will secure its future. The deal was announced late on Sunday after days of intense speculation about the bank's financial position. The Bank of Englan...
Starbucks, the $124.4 billion global coffee giant, trails only McDonald’s as the largest restaurant chain by market capitalization. Until a few years ago, the massive coffee company held more mobile payment users than Apple Pay. But what actual...
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The Israeli army has launched a massive military operation on the Jenin camp in the north of the occupied West Bank. It started with multiple drone strikes. Videos published on social media showed smoke rising from a residential block....
Millions of people in North America have been advised to wear N95 masks outdoors due to poor air quality levels sparked by intense wildfires in Canada. New York will begin distributing free masks on Thursday. Canada has said that people s...
Five people died when an employee opened fire at a bank in Louisville, Kentucky, and livestreamed the attack on Instagram, police say. The victims were aged between 40 and 64. Among nine others injured was a rookie police officer who had g...
The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of bank failures. The Federal Reserve increased its key rate by 0.25 percentage points, calling the banking sys...
Treasury Secretary Janet Yellen said the government will remain vigilant and take additional steps as needed to support the banking system....
Central banks have rushed to keep cash flowing through the world's financial systems after the failures of two US banks and the rescue of Credit Suisse sent shockwaves across global markets. Six central banks, including the Bank of Englan...
Credit Suisse: What is happening to the Swiss banking giant?...
Credit Suisse has said it will borrow up to 50bn Swiss francs (£44.5bn) from the country's central bank to shore up its finances. The troubled banking giant said it is taking "decisive action" to strengthen and s...
The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, took place over less than 48 hours. Customers withdrew $42 billion -- nearly a quarter of the bank's total deposits -- within a single day last week...
US President Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Mr Banga led...
The UK is set to enter recession this year but it will be shorter and less severe than previously thought, according to the Bank of England. The slump is now expected to last just over a year rather than almost two as energy bills fall an...
The new look of banknotes featuring the image of King Charles has been unveiled by the Bank of England. The portrait will be the only change to existing designs of £5, £10, £20 and £50 notes and will start to enter...
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has been arrested in The Bahamas, the country's attorney general has said. He is scheduled to appear on Tuesday in a magistrates' court in the Caribbean country's ca...