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Matthew Davies

Matthew Davies


Articles

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

BusinessJuly 21, 2024
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

AviationJuly 21, 2024
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

LuxuryJuly 19, 2024
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

BusinessJuly 19, 2024
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

NewsJuly 19, 2024
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

BankingJuly 17, 2024
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

BusinessJuly 15, 2024
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

EuropeJuly 12, 2024
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

UKJuly 09, 2024
Tony Blair speaking during a Tony Blair Institute for Global Change's Future of Britain Conference in central London. PA
AI will save UK public sector £10 billion in next five years, says Tony Blair

The potential of artificial intelligence means despite Britain's economic woes, now is the best time to be 'harnessing effectively the 21st century technological revolution'

TechnologyJuly 08, 2024
Caudwell Le Provencal. Photo: Caudwell
Return to past glory: Grand hotel of French Riviera set for luxury resurrection

The 1920s Hotel Le Provencal is being refashioned into luxury residences, while its former tennis club is now an estate of villas offering the best of exclusive Cap d’Antibes

EuropeJuly 05, 2024
Labour leader Keir Starmer and shadow chancellor Rachel Reeves launching Labour's green investment plans in Southampton. Getty Images
Red and green? Labour faces many crossroads on way to net zero

Industry leaders says Starmer government must not be half in and half out of commitments to progress on renewables

BusinessJuly 01, 2024
Labour Party leader Keir Starmer is looking to achieve 2.5 per cent growth of the UK economy. Getty Images
Can the UK economy grow by 2.5 per cent under a Labour government?

Party leader Keir Starmer says it can and while some analysts have their doubts, others feel it could be possible

BusinessJune 27, 2024
Researchers at the BSF Enterprise and 3DBT laboratory in Newcastle, north-east England. Photo: BSF Enterprise/3DBT
No harm and no farm: How UK biotech company grows leather in lab

Start-up 3DBT unveils ‘tissue-engineered skin’ grown from cells of a horse – meaning no animal was harmed in the process

BusinessJune 26, 2024
Minor Hotels will open Anantara in Trojena, a five-star resort in the mountain district of Saudi Arabia's Neom. Photo: Minor Hotels
Saudi Arabia's Vision 2030 is 'more than halfway' done, investment minister says

Khalid Al Falih tells a summit in London that Vision 2030 is ahead of schedule for implementation

BusinessJune 24, 2024
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