economy

New York City moves to adopt ban of deceptive subscription practices

Mamdani administration seeks to ban companies from trapping customers into paying recurring charges and ‘junk fees’New York City has adopted a rule that bans companies from using deceptive subscriptions to trap customers into paying for gym memberships, streaming services and other recurring charges, the city’s consumer protection office said.The rule, which will start on 1 October, promises hefty fines and aggressive enforcement for violators. Companies that do not provide a simple way to cance

Democratic Texas AG candidate claims $110m in grants for Elon Musk’s Starlink ‘sure looks’ like corruption

Nathan Johnson says if elected he’ll investigate state’s deal with Elon Musk’s SpaceX to provide rural internetUS politics live – latest updatesA Texas Democrat running to become the state’s attorney general has said he will investigate Elon Musk’s SpaceX company if elected, saying it “sure looks like” corruption was involved in a deal he said handed the world’s richest person $110m of taxpayers’ money.Nathan Johnson made the comment in an interview with the Dallas News on Friday, in which he ca

Chip giant SK Hynix raises $26.5bn as shares surge in bumper US listing

The shares surged as much as 17% in their Nasdaq trading debut on Friday following the record-breaking foreign listing.

Man nearly sucked out of window mid-air on Ryanair plane, passengers say

The man's wife held onto his legs for around five minutes to stop him from being sucked out, officials say.

Major car firms found not to have installed emissions-cheating devices

A High Court judge said some major car manufacturers did not install a device to cheat emissions testing.

Delta says higher airfares expected to last despite drop in oil prices

Company reports $1.4bn profit despite its highest quarterly fuel expense in historyDelta Airlines saidelevated airfares are likely to last despite a recent drop in oil prices, reporting strong appetite for travel and record-high revenue in its quarterly results Friday.Though the company had its highest quarterly fuel expense in its history, demand has been high enough to pass along 60% of its extra fuel costs to consumers, Delta’s CEO, Ed Bastian, told CNBC, with plans to eventually pass along a

EasyJet agrees to surprise takeover bid as rival US firm swoops in

The airline says a bid from US firm Apollo has trumped a recent takeover offer from Castlelake.

This program gives Black single moms $1,000 a month for a year. The results are undeniable

The Magnolia Mother’s Trust is the first to target low-income families led by Black mothers in Jackson, MississippiThree months after giving birth to her son, Amaya Jones moved into a new apartment complex. She knew no one else in the building, but it was a fresh start for her and her two children. One day, someone put up a flyer on her unit’s door, notifying her about a program called the Magnolia Mother’s Trust (MMT).Launched in 2018, the MMT is the longest-running guaranteed income program in

Vapes to have less enticing names and flavours to protect children

People are being consulted about plans to stop vape companies using enticing flavour descriptions that "attract" children into experimenting.

We've saved £6,000 on holidays by swapping homes with strangers

The BBC looks at the growing trend of people swapping homes to cut holiday costs.

We've saved £6,000 on holidays by swapping homes with strangers

The BBC looks at the growing trend of people swapping homes to cut holiday costs.