Airlines that fail to be at least 50 per cent owned by EU nationals risk losing their operating licences and relinquishing extensive flight privileges enjoyed in the single market. Photograph: iStock

Aer Lingus’s parent says flights will continue after Brexit despite ongoing questions about the impact of EU airline ownership rules on the Irish carr(...)

The scene of the crash at Stonehaven in Aberdeenshire. Photograph: Sky News/PA Wire

Three people have been killed after a train derailed in northeast Scotland on Wednesday, the UK’s first fatal rail crash in more than a decade. Polic(...)

New York governor Andrew Cuomo: The governors of New York, New Jersey and Connecticut Wednesday issued a travel advisory saying visitors from US states with accelerating COVID-19 infection rates “must quarantine for 14 days.” Photograph: Getty Images

Global markets dropped on Wednesday as rising US Covid-19 cases and new quarantine measures fuelled fears that the virus could derail an economic reco(...)

A graduate in aeronautical engineering and business management, Luis Gallego began his career training officers in the Spanish air force before moving into senior positions in the country’s airline industry

Iberia boss Luis Gallego’s promotion to succeed Willie Walsh as chief executive of IAG elevates a company insider who has run the Spanish flag carrier(...)

Charting a positive way forward for sterling  is difficult, with the fresh dislocation of a general election likely in the coming weeks or months

Sterling slid again on Friday in the face of continued political deadlock and increasing evidence that the uncertainty is wreaking damage on the Briti(...)

Kayden (11) waves an EU flag and a Union Jack in front of a line of police officers outside Downing Street, London, in protest on Wednesday. Photograph: Kirsty O’Connor/PA Wire

British prime minister Boris Johnson on Wednesday proposed suspending the UK parliament for at least a month to curtail efforts by MPs to prevent a no(...)

The UK two- and 10-year curves inverted on Wednesday for the first time since 2008. Photograph: iStock

The global bond markets have flashed an ominous signal for two of the world’s biggest economies amid mounting concern over a slowdown in growth and pe(...)