Matthew Davies
Matthew Davies
London Business Reporter


Air taxi maker Crisalion has clinched a deal with Air Chateau in Dubai. Photo: Crisalion Mobility
Farnborough Airshow sees air taxis everywhere

Electric vertical take-off and landing aircraft are taking to city skies and could be as cheap and convenient as catching taxis

July 26, 2024, 5:00 AM
The headquarters of Imagination Technologies on London's outskirts. The company's intellectual properties serve key industries including automotive, data centres, consumer devices and the Internet of Things. Reuters
Mubadala-backed Fortress invests $100m in UK-based Imagination

Deal will give Fortress access to chip company's intellectual properties present in more than 13 billion devices globally

July 25, 2024, 11:35 AM
A UK Royal Air Force plane at the Farnborough International Air Show. The aerospace and defence sectors are still significant contributors to global warming. AP
Farnborough told air and defence causes 10% of greenhouse gases

KPMG report on sustainability spotlights the sector's 'issues' as it faces a stiff challenge on decarbonising

July 24, 2024, 3:55 PM
The Boom Overture will take to the skies for a second series of tests as early as this week. Photo: Boom
Boom unveils plan to bring back age of supersonic air travel at Farnborough

Commercial supersonic plane maker says air fares on its planned Overture aircraft should be comparable to current business and first-class tickets

July 23, 2024, 3:01 PM
The aviation industry adopted the long-term climate goal of achieving net zero by 2050. Photo: Heathrow Airport
Aviation net-zero cannot be met by phaseouts alone

Sustainable fuels, more efficient engines and improved aircraft design will not be enough to decarbonise the sector by 2050, experts tell Farnborough Airshow

July 22, 2024, 3:50 PM
An Airbus SE A350 aircraft lands after an aerial display at the Farnborough International Airshow. Getty Images
Supersonic flight, automation and space tech at Farnborough Airshow

World's largest aircraft makers and airlines will rub shoulders this week with those innovating around the future of flight and Net Zero air transport

July 22, 2024, 6:00 AM
A pedestrian carrying a Selfridges bag crosses the street in London. According to Bloomberg, Austrian insolvency documents show Saudi Arabia's PIF has made a bid to increase its stake in Selfridges to 50 per cent. Photo by Hollie Adams / Getty Images
Saudi Arabia's PIF makes bid to increase stake in Selfridges

The Saudi wealth fund has made a cash offer that would boost its share in the upmarket UK retailer to 50 per cent, according to Bloomberg

July 21, 2024, 3:14 PM
Flight prices between the UK and the Middle East could be slashed to a quarter of current levels once Wizz Air receives its new aircraft, the airline says. PA
Wizz Air expects new fleet to herald huge drop in air fares to Middle East

UK boss of the low-cost airline claims its new Airbus plane will revolutionise ticket prices and open up new routes to the Gulf

July 21, 2024, 9:21 AM
Natural vs Lab-grown. The natural diamond is on the left, the lab-grown is on the right. They are chemically identical. Photo: Queensmith
Mined or Made? The great debate over the future of the global diamond market

Lab-grown diamonds have shone but as prices fall analysts are asking if the synthetic stones are now losing their sparkle

July 19, 2024, 6:00 PM
Cybersecurity firm CrowdStrike's software appears to be behind issues with the Windows operating system abruptly shutting computers down. Bloomberg
What is CrowdStrike and how did an IT update cause a global outage?

A presumed fault in a security update that rolled silently across the world caused chaos in computer systems from Australia to the US and Europe in a matter of hours

July 19, 2024, 11:26 AM
Hong Kong International Airport was among the travel hubs affected by long queues and IT problems that grounded flights in some countries. Reuters
CrowdStrike apologises for global chaos by IT bug affecting flights and banks

Cyber security provider for Microsoft admits responsibility for 'defect' blamed for bringing IT systems to standstill worldwide

July 19, 2024, 7:35 AM
Georges Elhedery, HSBC's new chief executive. Reuters
HSBC names Lebanon-born Georges Elhedery as CEO

He will replace Noel Quinn to be come the third chief executive at the banking firm in fewer than eight years

July 17, 2024, 7:19 AM
Models present creations at the Burberry catwalk show during London Fashion Week. Reuters
Burberry slips up trying to climb the luxury ladder

Customers have been largely unimpressed with the British brand's quest to go more upmarket

July 15, 2024, 4:05 PM
Britain's main opposition Labour Party leader Keir Starmer (C), flanked by Britain's main opposition Labour Party Shadow Chancellor of the Exchequer Rachel Reeves (R), speaks to members of staff during a Q&A session at the end of a visit of the Airbus Defence and Space facilities, as part the Labour general election campaign, in Stevenage, north of London, on May 28, 2024. (Photo by JUSTIN TALLIS / AFP)
Exodus of the 'Nimps' as Europe's super-rich fear rising taxes

Greener pastures beckon for France's and UK's non-indigenous millionaire populations as tax changes spur ultra-rich to seek relocation to places such as Dubai, Italy and Switzerland

July 12, 2024, 6:00 PM
Britain's Chancellor Rachel Reeves on a visit to a building site in Oval, south London. Photo: Kirsty O'Connor / Treasury
Reeves fires up investment agenda in first week as UK's Chancellor

Regarded as the political 'star of her generation', the Labour MP is pushing ahead with reforms on green energy and house building while making 'hard choices' to fix the economy

July 09, 2024, 6:00 AM