A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines‘ new policies such as charging for checked bags for the first time could backfire, Fitch Ratings said Thursday. Southwest is reversing its…

Meta faces a $2.4bn (£1.8bn) lawsuit accusing the Facebook owner of inflaming violence in Ethiopia after the Kenyan high court said a legal case against the US tech group could go ahead. The case brought by two Ethiopian nationals calls on Facebook to alter its algorithm to stop promoting hateful material and incitement to violence,…

For the world’s already embattled trading system, it is as though an asteroid has crashed into the planet, devastating everyone and everything that previously existed there. But there is this important difference. If an asteroid struck the Earth, the impact would at least have been caused by ungovernable cosmic forces. The assault on world trade,…

‘Nothing can be ruled out,’ Macron says about Europe’s response, floats suspending French investments in US Macron says he agrees with EU leaders that “nothing can be ruled out” in response to Trump’s move as “all instruments are on the table.” “We must do whatever is effective and most proportionate … but which also clearly…

After weeks of cosying up to Donald Trump, the UK has still been hit with 10% tariffs on exports to the US, which is bad news for the economy and the public finances. So, how tough could things get for Britain? And how should Keir Starmer’s government respond? John Harris asks the former UK ambassador…

Donald Trump is on a mission to ‘make America wealthy again’. Speaking outside the White House, he said for too long the country had been ‘looted, pillaged, raped and plundered by nations near and far, both friend and foe alike’. Now that would come to an end, he said, as he slapped eye-watering tariffs on…

A UK division of the Indian conglomerate Tata “deliberately orchestrated” a redundancy programme in a way that unfairly targeted older, non-Indian nationals, an employment tribunal has heard. Three claimants allege the Mumbai-based Tata Consultancy Services (TCS), which is valued at almost £110bn on the BSE stock exchange in Mumbai, discriminated against them on grounds of…

The Stellantis Windsor Assembly Plant is shown on April 1, 2025 in Windsor, Canada.  Bill Pugliano | Getty Images DETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump‘s new round of 25% automotive tariffs, the company confirmed Thursday. The actions are…

Silhouette of a private executive jet flying over a calm sea at sunrise after taking off from a holiday island, Copy space. No people. Ceri Breeze | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign…

Percy Pig’s US invasion could be called to a halt amid fears that Donald Trump’s tariffs could affect sales of Marks & Spencer’s popular confectionery brand which has just launched in Target stores across the Atlantic. Archie Norman, the chair of M&S, has described Percy as the retailer’s “gift to America” but he told the…