BA to reduce Middle East flights when services resume in July

British Airways will offer a reduced flight schedule to the Middle East when it resumes services in July, and use the aircraft to operate more direct flights to India and Kenya.The airline has currently suspended services to the region because of the Iran war, and plans to resume flights to Saudi Arabia’s capital, Riyadh, in mid-May, as well as services to Dubai, Doha and Tel Aviv on 1 July. It is cutting its Dubai flights from three – a day to one daily flight, and reducing services to Doha, Tel Aviv and Riyadh from two to one a day.It will drop Jeddah in Saudi Arabia permanently as a destination from 24 April. Flights to Bahrain and Amman are paused until 25 October

Give all UK households a set amount of subsidised energy, says thinktank

In order to cut rising bills all UK households should receive a minimum amount of energy at rates subsidised by the government through North Sea taxes, a thinktank has suggested.Providing all homes with enough energy to heat two rooms, provide hot water and run key appliances such as a fridge and washing machine, at rates frozen at current levels, would require a subsidy of about £4.5bn, according to the New Economics Foundation.That is roughly equal to the expected windfall in tax revenues from the North Sea, generated by the bonanza oil and gas companies are enjoying from the high price of oil.Although oil prices, sent soaring by the Iran war, have abated on the announcement of a ceasefire by the US president, Donald Trump, they are still higher than before the conflict and could remain volatile as supplies through the strait of Hormuz may take some time to get back to normal

Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran

Oil prices tumbled on Wednesday and global stock markets rallied after the US and Iran agreed a two-week conditional ceasefire.Investors welcomed the news that Donald Trump had held off on his threat to bomb Iran into “the stone ages”, while Iran’s foreign minister, Abbas Araghchi, said passage through the strait of Hormuz would be allowed for the next two weeks under the management of Iran’s military. Wall Street recorded its biggest single-day rally in a year.Oil fell below the $100-a-barrel mark, even though it was not certain that the US would accept a 10-point proposal drawn up by Iran. How the strait will be reopened and managed beyond the two-week grace period is yet to be determined

John Lewis boss’s pay rises to £1.2m as retailer cuts 3,300 jobs

The boss of the group that owns John Lewis and Waitrose had his basic pay rate increased by 21% last year while the retailer cut 3,300 jobs.The annual salary of Jason Tarry, who became chair of the John Lewis Partnership (JLP) in September 2024, was increased to £1.2m for the year to January, from £990,000.He also received a £22,700 annual bonus – equivalent to 2% of his pay – and other benefits, taking his total package to almost £1.26m

Retail workers call for more security after Waitrose sacking for tackling shoplifter

Retail workers have called for more security guards in stores after a Waitrose worker was sacked for confronting a shoplifter.Waitrose has been criticised over its treatment of Walker Smith after the Guardian reported he was fired two days after he stopped a shoplifter taking items from an Easter egg display, including Lindt chocolate bunnies.Joanne Thomas, the general secretary of Usdaw, the shop workers’ union, said: “Usdaw supports a physical security presence in stores and we have ongoing conversations with employers about protection for retail workers on the frontline of the rise in retail crime.“The results of our 2025 annual survey show that 59% of members would welcome more security in stores because security guards provide reassurance, act as a deterrent and have specialist experience to deal with incidents.“While not as popular as a physical security presence, members also value other security measures such as improved CCTV, facial recognition technology, body-worn cameras and headsets that help to identify perpetrators, record incidents and link workers to a central control for support

Delta CEO braces flyers for higher fares amid surge in oil prices tied to Iran war

The CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran, amid strong demand from passengers.Though rising oil prices have cost the company an extra $330m in fuel expenses, and it projected a $2bn increase in fuel costs in the current quarter, Delta forecast that revenue would grow 10% as flyers continue to book flights.It was a “healthy” time to travel, Bastian said on Wednesday.But as several carriers raise baggage fees, blaming volatility in the oil markets, Bastian hinted such moves could be permanent – increasing the cost of air travel. “At this level of fuel [pricing], it’s hard to call anything temporary,” he said