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TUI losses widen to £261m as Brexit weighs on demand

TUI losses widen to £261m as Brexit weighs on demand

Business
By John-Paul Ford Rojas, business reporter Travel operator TUI has reported widening half-year losses and a fall in summer bookings as it counts the cost of weak consumer confidence and Brexit uncertainty.The group reported an underlying loss of €301m (£261m) for the six months to the end of March, up from €170m (£148m) in the same period a year ago. It has also been knocked by the grounding of Boeing's 737 MAX aircraft, which it has previously warned could cost up to €300m (£261m) as it leases more aircraft to cover its routes.TUI said the decline in its first-half performance was partly due to the knock-on impact of last summer's heatwave holding back bookings and because it had too much capacity in Spain as holidaymakers opted for cheaper destinations such
Huawei 5G row: Ministers demand leak inquiry

Huawei 5G row: Ministers demand leak inquiry

Technology
Government ministers are calling for a "full and proper" investigation after high-level discussions about the UK using Huawei technology were leaked. The government has approved the supply of equipment by the Chinese telecoms firm for the UK's new 5G data network - despite warnings of a security risk. It is believed the decision was taken at a meeting of the government's National Security Council on Tuesday.One minister said leaking from the council was "simply not acceptable".The senior minister told BBC political editor Laura Kuenssberg that leaking the conversations was "extraordinary...the security council is the holy of holies".There were "huge concerns" over "getting into bed" with the telecoms giant, the minister said.What was the leak about?Minist...
Police reveal $10M ransom demand for missing wife of Norwegian businessman

Police reveal $10M ransom demand for missing wife of Norwegian businessman

World
The wife of one of the richest men in Norway is believed to have been kidnapped after police revealed her husband received a note asking for over $ 10 million in the cryptocurrency Monero as ransom. Anne-Elisabeth Flakevic Hagen, wife of Norwegian real estate investor and electric company owner Tom Hagen, went missing on Oct. 31 of last year. Hagen found a note left on the couple's home asking for the ransom, but police did not disclose when specifically the note was found. Information regarding Flakevic's disappearance was not made public before because Hagen received a note from the suspected kidnappers threatening to kill his wife if he got the police involved, Norwegian newspaper VG reported. However, police are now making the information public as their investigation has yield...
Furious Iraqi lawmakers demand US troop withdrawal

Furious Iraqi lawmakers demand US troop withdrawal

World
"Arrogant" and "a violation of national sovereignty" were but a few examples of the disapproval emanating from Baghdad following Trump's meeting Wednesday with U.S. servicemen and women at the al-Asad Airbase. Trips by U.S. presidents to conflict zones are typically shrouded in secrecy and subject to strict security measures, and Trump's was no exception. Few in Iraq or elsewhere knew the U.S. president was in the country until minutes before he left. But this trip came as curbing foreign influence in Iraqi affairs has become a hot-button political issue in Baghdad, and Trump's perceived presidential faux-pas was failing to meet with the prime minister in a break with diplomatic custom for any visiting head of state. On the ground for only about three hours, the American president told t...
Video games workers create union to demand rights

Video games workers create union to demand rights

Technology
Workers in the video games industry have formed a union for the first time in the UK. Excessive and unpaid overtime, precarious contracts and discrimination are all serious problems in the industry, according the the Games Workers' Union, which launched on Friday.Now it is hoping to use collective organising to fix a "broken sector and create an ethical industry", according to founding member Dec Peach."For as long as I can remember it has been considered normal for games workers to endure zero-hours contracts, excessive unpaid overtime, and even sexism and homophobia as the necessary price to pay for the privilege of working in the industry," he said.When the union holds its first meeting on Sunday, one of the biggest concerns for Mr Peach and his follow members is likely...