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As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on householdsIt has been a stellar week for UK banks. Fuelled by high interest rates and market turbulence rippling out from the US war on Iran, major lenders have revealed soaring half-year profits that allowed bosses to boost bonus pots and give billions of pounds to shareholders.Collectively, the UK’s four largest lenders – HSBC, NatWest, Barclays and Lloyds – reported £29.2bn in profits ove

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damageEight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by

Svetlana Grković says she grabbed her husband’s legs while he was ‘outside up to his chest’ for two minutesRyanair passenger almost sucked out of window during flightRyanair has axed family seating policy – but kids’ fees add upA woman who saved her husband from being completely sucked out of a Ryanair plane mid-flight has said she thought as he held on to his legs: “If we die, we die together.”Ljubisa Karović was sucked out headfirst on the flight on Friday after an engine failure res

Serbian man reportedly saved by wife hanging on to his legs after window shattered on journey from GreeceA passenger on a Ryanair flight was reportedly almost sucked out of a window after it shattered in mid-air during a journey from Greece.The man was said to have been sucked out of his seat into the plane’s slipstream and hung headfirst out of the window after an engine failure resulted in parts smashing the acrylic window, according to local reports. Continue reading...

The High Pay Centre revealed the excesses of CEO wages. But then anti-diversity winds blew in from across the AtlanticShock ricocheted around the world of social research this week with the sudden news of the imminent closure of the High Pay Centre (HPC). Founded in 2011 by the former Guardian business editor Deborah Hargreaves to focus on analysis of extreme pay at the top and the widening pay gap between CEOs and their average employees, its closure feels like the death of an idea.Ot