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Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Which airlines are cancelling flights to the UK - and what can you do?

Which airlines are cancelling flights to the UK - and what can you do?

April 23, 2026 • BBC Business

Summary

Some airlines are canceling flights to the UK or reducing the number of flights because of rising fuel prices linked to the conflict in the Middle East. This is causing flight prices to go up, especially for long-distance trips, and passengers may face changes or delays in their travel plans.

Key Facts

  • Many airlines, including Air Asia, Air Canada, Delta, KLM, Lufthansa, and SAS, are cutting back the number of flights to the UK.
  • British Airways owner IAG, EasyJet, and Jet2Holidays are not planning to reduce flights.
  • Some airlines are increasing ticket prices or adding extra charges for luggage, including Air Asia, Air France-KLM, Virgin Atlantic, and others.
  • Airlines cannot raise the price after a passenger has already bought a ticket unless specific conditions allow it.
  • Package holiday operators can add up to 8% to the cost after booking due to fuel cost increases, though most promise not to do this this year.
  • Jet fuel prices have roughly doubled since March due to supply issues caused by the conflict near the Strait of Hormuz, a key shipping route.
  • The conflict has forced airlines to take longer routes around the Gulf, increasing fuel use and costs.
  • Flight prices for routes to Asia, such as London to Melbourne or Hong Kong, have risen by over 70% compared to last year.
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BBC Business BBC Top Stories
Gas that’s 25 cents cheaper? Why warehouse stations may have the lowest pump prices

Gas that’s 25 cents cheaper? Why warehouse stations may have the lowest pump prices

April 23, 2026 • The Hill

Summary

Some gas stations called warehouse stations are selling fuel up to 25 cents cheaper than others. These stations save money by operating with fewer services and lower costs, allowing them to charge less at the pump.

Key Facts

  • Warehouse gas stations offer fuel at prices up to 25 cents lower than regular stations.
  • They reduce costs by having fewer staff and simpler facilities.
  • These stations may buy fuel in large amounts to get discounts.
  • They often limit extra services like convenience stores or car washes.
  • Lower operating expenses help them pass savings to customers.
  • Warehouse stations are becoming popular as fuel prices rise.
  • Consumers looking for cheaper gas can consider these stations for savings.
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The Hill
Lockheed Martin CEO sees Trump’s Pentagon as ‘golden opportunity’ for growth

Lockheed Martin CEO sees Trump’s Pentagon as ‘golden opportunity’ for growth

April 23, 2026 • Guardian World

Summary

Lockheed Martin’s CEO said the Trump administration offers a strong chance for growth due to increased government contracts amid Middle East conflicts. The company is benefiting from new Pentagon contracts and is working on shifting to a more commercial-style contract model to reduce risks.

Key Facts

  • Lockheed Martin’s CEO, Jim Taiclet, called the current government a “golden opportunity” for the company.
  • The company has contracts for the Artemis II spacecraft and secret missiles used in the Iran conflict.
  • The Pentagon awarded Lockheed Martin two recent contracts: $4.7 billion for missile production and $1.9 billion for military training systems.
  • Lockheed Martin reported $18 billion in revenue for Q1 2026, similar to the previous year, despite missing some profit goals.
  • The Pentagon introduced contract terms that protect Lockheed Martin if production orders are reduced or changed.
  • The Trump administration seeks a $1.5 trillion Pentagon budget, a $445 billion increase, funded by cuts to domestic programs.
  • President Trump emphasized prioritizing military spending over domestic programs like daycare, Medicaid, and Medicare.
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Guardian World Guardian US Guardian Business
Warner Bros. Discovery shareholders vote to approve Paramount Skydance merger

Warner Bros. Discovery shareholders vote to approve Paramount Skydance merger

April 23, 2026 • CBS News

Summary

Shareholders of Warner Bros. Discovery have voted to approve a merger with Paramount Skydance, a company that owns CBS News. This decision means the two companies will combine their businesses.

Key Facts

  • Warner Bros. Discovery shareholders held a vote on the merger.
  • The vote resulted in approval of the merger.
  • Paramount Skydance is the other company involved in the merger.
  • Paramount Skydance owns CBS News.
  • The merger will combine the assets and operations of both companies.
  • The announcement was reported by CBS News.
  • The approval marks a major step in the planned merger process.
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CBS News
Spirit Airlines: MAGA Is Flying Into a Contradiction

Spirit Airlines: MAGA Is Flying Into a Contradiction

April 23, 2026 • Newsweek

Summary

President Trump suggested the federal government should consider helping Spirit Airlines, which is facing financial trouble and bankruptcy. The airline’s challenges are linked to rising fuel costs and other issues, and discussions about a possible rescue package involving up to $500 million in government support are ongoing.

Key Facts

  • Spirit Airlines has filed for bankruptcy twice in less than a year.
  • The airline expects to exit bankruptcy by early summer 2026 after making progress.
  • Spirit Airlines supports about 14,000 jobs.
  • Rising fuel costs due to conflicts in the Middle East have worsened Spirit’s financial situation.
  • The Justice Department previously said Spirit’s competition helped lower airline fares.
  • President Trump has suggested a possible federal government bailout for Spirit.
  • Similar federal support for industries, like farmers, was provided during Trump’s first term after trade wars caused economic pain.
  • Direct government bailouts for a single airline are uncommon, though the industry has received broad support before after crises like 9/11 and the COVID-19 pandemic.
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Newsweek
Mandelson’s lobbying firm Global Counsel went bust owing £4.6m, report says

Mandelson’s lobbying firm Global Counsel went bust owing £4.6m, report says

April 23, 2026 • Guardian World

Summary

Peter Mandelson’s former consultancy firm, Global Counsel, went bankrupt in February owing £4.6 million, including over £600,000 to the UK tax authorities. The company lost clients partly because of concerns about Mandelson’s past links to Jeffrey Epstein, and it employed around 100 people before closing.

Key Facts

  • Global Counsel owed £4,596,149 in liabilities but had assets valued at about £10.7 million.
  • Administrators expect to recover only around £2.7 million from the company’s assets.
  • The largest creditor is HM Revenue and Customs, which is owed £645,789.
  • Global Counsel advised big clients like TikTok, Palantir, and GSK.
  • Peter Mandelson resigned from the board in 2024 but kept shares in the firm.
  • The firm faced scrutiny because of Mandelson’s links to Jeffrey Epstein, a convicted sex offender.
  • Ben Wegg-Prosser, co-founder and CEO, resigned in early February amid controversy over Epstein connections.
  • Around 100 employees were owed £2.6 million by Global Counsel before it collapsed.
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Guardian World
Trump's threats against Iran are a boon for prediction markets, including some backed by his son

Trump's threats against Iran are a boon for prediction markets, including some backed by his son

April 23, 2026 • PBS NewsHour

Summary

Online betting companies are making money by letting people bet on what President Donald Trump might do or say next, such as sending troops to Iran or making unusual statements. Some of these companies are connected to Donald Trump Jr., the president’s oldest son.

Key Facts

  • President Donald Trump’s unpredictable actions lead to more bets on his potential moves.
  • Online prediction markets let people wager on Trump’s policies and social media posts.
  • These markets earn money by charging fees on the bets.
  • Polymarket is one such betting company in which Donald Trump Jr. has an ownership stake.
  • Kalshi is another prediction market company advised by Donald Trump Jr.
  • Betting on Trump-related events is popular because of his uncertain and surprising behavior.
  • The markets include unusual questions like renaming the Strait of Hormuz after Trump or praising Allah again.
  • These companies profit from the increased public interest in Trump’s decisions and statements.
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PBS NewsHour
Is China's economy insulated from Iran war shock?

Is China's economy insulated from Iran war shock?

April 23, 2026 • France24

Summary

China's economy has been less affected by the war involving the US, Israel, and Iran, which has caused a major global energy crisis. This is because China relies more on coal and renewable energy than on oil and natural gas, helping it avoid the worst energy price shocks.

Key Facts

  • The war between the US, Israel, and Iran has created the biggest energy crisis in decades.
  • China uses about 60% coal for its energy, making it less dependent on oil and natural gas.
  • China has a large and growing renewable energy system, which helps reduce the impact of rising oil prices.
  • China leads the world in clean energy technology production.
  • Increased global demand for electric vehicles could boost China’s car exports by about 1% this year.
  • China is trying to play a bigger role globally as a mediator and defender of free trade.
  • The Trump administration’s changing policies have created opportunities for China to expand its influence.
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France24
UK braces for price rises driven by Iran war as economic confidence plummets

UK braces for price rises driven by Iran war as economic confidence plummets

April 23, 2026 • Guardian World

Summary

Confidence in the UK economy has dropped sharply due to the effects of the war involving Iran. Businesses are facing higher costs and expect to raise prices, while consumers worry about a new increase in living expenses.

Key Facts

  • UK consumer confidence fell to its lowest level since October 2023 in April.
  • The war in Iran is causing higher fuel and energy prices in the UK.
  • UK service sector firms experienced the largest cost increase since 1996 between March and April.
  • Manufacturing also saw rapid rises in raw material prices.
  • Over 25% of UK businesses expect to raise prices next month, the highest share since January 2023.
  • More than a third of businesses cite energy costs as a reason for planned price increases.
  • Inflation in the UK is expected to rise sharply, possibly leading the Bank of England to raise interest rates.
  • Despite challenges, UK services and manufacturing showed growth in April, helped by customers buying early to avoid future price rises.
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Guardian World
Supply chain cracks constrain AI boom

Supply chain cracks constrain AI boom

April 23, 2026 • Axios

Summary

The growth of the artificial intelligence (AI) economy is being slowed by supply chain problems caused by conflict in the Middle East. Key materials needed for making computer chips, like helium and natural gas, are harder to get because of attacks and blockades near the Strait of Hormuz. This is driving up costs and limiting the buildout of AI infrastructure.

Key Facts

  • The Iran war and related conflicts have disrupted supplies of industrial materials needed for making chips.
  • About 30% of the world's helium, essential for chip production, comes from Qatar and has been affected by recent attacks.
  • The Strait of Hormuz, a narrow waterway for shipping natural gas and other supplies, is effectively closed, causing further delays.
  • Companies plan to invest around $650 billion this year in U.S. AI infrastructure, assuming supply chains remain stable.
  • The helium shortage and natural gas bottleneck threaten to slow down this AI investment boom.
  • Prices for components like microchips have increased sharply—up 17 times in the past year—due to growing demand and supply issues.
  • President Trump recently extended a ceasefire with Iran, but the Strait of Hormuz remains blocked due to a U.S. naval blockade.
  • Experts say the rising prices result from both supply disruptions and a surge in global demand for AI and defense technology components.
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Axios
Paramount's CNN Takeover Approved

Paramount's CNN Takeover Approved

April 23, 2026 • Newsweek

Summary

Paramount has received shareholder approval to buy Warner Bros. for $81 billion, a deal that would combine major media companies including CNN and CBS. The agreement still requires government approval before it can be completed.

Key Facts

  • Paramount wants to buy all of Warner Bros. for $31 a share.
  • Warner Bros. owns CNN, so the merger would bring CNN and CBS under one company.
  • Shareholders of Warner Bros. Discovery voted in favor of the sale.
  • The deal must still pass regulatory reviews from agencies like the Justice Department.
  • Warner Bros. expects the deal to finish in the third fiscal quarter of this year.
  • Netflix previously tried to merge with Warner Bros. but backed out after Paramount made a higher offer.
  • Many entertainment industry workers are worried the merger could cause job losses and reduce options for audiences.
  • The final details are still being worked out and updates will follow.
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Newsweek
Paramount's CNN Takeover Approved: Here's What Happens Next

Paramount's CNN Takeover Approved: Here's What Happens Next

April 23, 2026 • Newsweek

Summary

Paramount’s plan to buy Warner Bros., including CNN, was approved by Warner Bros. Discovery shareholders. The $81 billion deal still needs approval from government regulators, who will review if the merger reduces competition before it can be finalized later this year.

Key Facts

  • Paramount offered $31 per share to buy all of Warner Bros. Discovery.
  • The deal is valued at $81 billion in total.
  • Shareholders from Warner Bros. Discovery voted in favor of the sale.
  • The merger will combine CNN and CBS under one company.
  • The U.S. Justice Department and Federal Trade Commission (FTC) will review the merger for antitrust concerns.
  • Companies must notify regulators of deals over $101 million for review under the Hart-Scott-Rodino Act.
  • Regulators have the power to stop or delay mergers if they harm competition.
  • President Donald Trump said politics will not influence the regulatory review process.
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Newsweek
$20,000 CD vs. $20,000 high-yield savings account vs. $20,000 money market account: Which will earn more in 2026?

$20,000 CD vs. $20,000 high-yield savings account vs. $20,000 money market account: Which will earn more in 2026?

April 23, 2026 • CBS News

Summary

This article compares how much money a $20,000 deposit could earn in 2026 if placed in a certificate of deposit (CD), a high-yield savings account, or a money market account. It shows that CDs tend to offer a slightly higher fixed interest rate, while savings and money market accounts have variable rates that can change over time.

Key Facts

  • CDs have fixed interest rates, making it easy to calculate earnings in advance.
  • High-yield savings and money market accounts have variable rates that can rise or fall.
  • A $20,000 deposit in a 3-month CD at 3.90% would earn about $192 by 2026.
  • The same deposit in a high-yield savings account at 4.03% would earn about $199.
  • A money market account at 4.00% on $20,000 would earn about $197 over three months.
  • Over six or nine months, a CD tends to earn slightly more interest than the other accounts at current rates.
  • None of these accounts have very large differences in earnings, so factors like flexibility and access to funds are important.
  • These accounts avoid the risk and daily ups and downs of stock market investing.
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CBS News
What a combined Paramount-Warner would mean

What a combined Paramount-Warner would mean

April 23, 2026 • AP News

Summary

Shareholders of Warner Bros. Discovery voted to sell the company to Paramount's owner for $81 billion, creating a large combined media company. This merger would combine streaming services like HBO Max and Paramount+ and reshape the entertainment industry by concentrating power among fewer companies.

Key Facts

  • Warner Bros. Discovery shareholders approved selling the company to Paramount's owner for $81 billion.
  • The total value of the deal, including debt, is nearly $111 billion.
  • Paramount recently was acquired by Skydance last year.
  • The combined company would merge HBO Max and Paramount+ into one streaming service.
  • Paramount CEO David Ellison said HBO would retain some independence in production.
  • The merged streaming service would compete with Netflix, Prime Video, and Disney+.
  • Critics worry the merger could reduce streaming choices and raise subscription prices.
  • The deal is still subject to regulatory approval and review.
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AP News
Exclusive discounts from CBS Mornings Deals

Exclusive discounts from CBS Mornings Deals

April 23, 2026 • CBS News

Summary

CBS Mornings Deals offers special discounts on products that could be useful in daily life. Customers can visit cbsdeals.com to find these deals, and CBS earns commissions from purchases made there.

Key Facts

  • CBS Mornings Deals features discounted items for everyday use.
  • The deals are exclusive to the CBS Deals website (cbsdeals.com).
  • Customers can shop these discounted products online.
  • CBS earns money from commissions when people buy through their site.
  • The promotion is shown on CBS News and its app.
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CBS News
Warner Bros shareholders approve Paramount’s takeover

Warner Bros shareholders approve Paramount’s takeover

April 23, 2026 • Al Jazeera

Summary

Warner Bros Discovery shareholders have approved a $110 billion merger with Paramount Skydance, allowing Paramount to buy the entire company. The deal still needs approval from regulators in the US and UK before it can be completed later this year.

Key Facts

  • Shareholders voted in favor of selling Warner Bros Discovery to Paramount for $31 per share.
  • The total value of the deal including debt is about $111 billion.
  • Paramount’s CEO David Ellison won a bidding war against Netflix to acquire Warner Bros.
  • If the sale finishes, Warner Bros CEO David Zaslav could earn up to $887 million.
  • The merger combines big assets like HBO Max, Harry Potter, CNN, CBS, and Paramount+ under one company.
  • Regulators in Washington and London will review the deal to check its impact on competition and the entertainment market.
  • The merger is expected to reduce the number of major US studios to four and could lead to fewer jobs and less variety in films.
  • The deal aims to close in the third quarter of 2024.
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Al Jazeera
JetBlue used customers' data to set ticket prices, lawsuit alleges

JetBlue used customers' data to set ticket prices, lawsuit alleges

April 23, 2026 • CBS News

Summary

A new lawsuit claims JetBlue collected personal data from customers without their permission to set different ticket prices. JetBlue denies using customer information for pricing, saying fares depend on seat availability and demand.

Key Facts

  • A lawsuit was filed by Andrew Phillips from New York against JetBlue.
  • The lawsuit says JetBlue tracked customers' data while they booked tickets.
  • It claims this data helped JetBlue charge different prices based on personal info.
  • JetBlue said it does not use personal data or browsing history to set prices.
  • The lawsuit mentions a social media reply from JetBlue suggesting how to avoid higher prices.
  • JetBlue said the social media reply was a mistake by one employee.
  • The lawsuit seeks damages for alleged violations of privacy and consumer protection laws.
  • "Surveillance pricing" means charging different prices based on personal info like browsing history.
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CBS News
Warner Bros shareholders approve Paramount's $81 billion takeover of the Hollywood giant

Warner Bros shareholders approve Paramount's $81 billion takeover of the Hollywood giant

April 23, 2026 • PBS NewsHour

Summary

Warner Bros. Discovery shareholders have approved the sale of their company to Paramount in a deal worth about $81 billion. This merger will combine many famous movie and TV brands under one company, changing the media industry.

Key Facts

  • Shareholders of Warner Bros. Discovery voted mostly in favor of selling the company to Paramount.
  • The offer is $31 per share for Warner Bros. Discovery.
  • The total value of the deal, including debt, is nearly $111 billion.
  • The merger will bring together Warner Bros., HBO Max, CNN, and popular movies like "Harry Potter" with Paramount’s CBS and Paramount+.
  • Paramount is owned by Skydance.
  • The deal is expected to reshape Hollywood and the media business significantly.
  • Approval by shareholders is an important step toward completing the merger.
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PBS NewsHour
Warner Bros. Discovery shareholders approve Paramount takeover

Warner Bros. Discovery shareholders approve Paramount takeover

April 23, 2026 • ABC News

Summary

Warner Bros. Discovery shareholders voted to approve the $111 billion takeover by Paramount. This deal includes major media assets like HBO Max, Warner Bros. film studio, CNN, CBS, and Paramount Pictures, combining them into a large new media company.

Key Facts

  • Paramount made a $111 billion offer to acquire Warner Bros. Discovery.
  • Shareholders of Warner Bros. Discovery voted overwhelmingly in favor of the takeover.
  • The deal includes HBO Max, Warner Bros. production, and cable channels like CNN.
  • Paramount owns CBS, Paramount Pictures, and Comedy Central.
  • The takeover follows a bidding competition involving Netflix.
  • Warner Bros. Discovery’s board unanimously recommended accepting the Paramount offer in February.
  • Shareholders will receive $31 per share, which is 147% more than the stock’s previous value.
  • After the announcement, Paramount’s shares dropped nearly 5% briefly in the market.
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ABC News
BP board suffers triple climate rebellion from shareholders

BP board suffers triple climate rebellion from shareholders

April 23, 2026 • Guardian World

Summary

BP’s board faced strong opposition from shareholders at its annual meeting, with more than half voting against cutting climate reporting and moving meetings online. About 18% opposed the re-election of BP’s chair, Albert Manifold, due to concerns about the company’s climate strategy and shareholder rights.

Key Facts

  • Over 50% of shareholders rejected BP’s plan to reduce climate-related reporting.
  • Shareholders voted against replacing in-person meetings with online-only events.
  • About 18% of shareholders voted against re-electing BP’s chair, Albert Manifold.
  • Legal & General Investment Management, a major UK investor, opposed BP’s climate plans and Manifold’s re-election.
  • Manifold was criticized for trying to block a shareholder resolution on BP’s climate goals submitted by the campaign group Follow This.
  • Proxy advisory firms Glass Lewis and ISS recommended voting against BP’s move to scrap specific climate disclosure requirements.
  • This meeting was the first annual meeting with new CEO Meg O’Neill, BP’s first female CEO and first external hire for the role.
  • Shareholders expressed frustration over BP’s shift to increase oil and gas production despite global moves away from fossil fuels.
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Guardian World