Waterloo to reach ‘choke point’ says Transport for London boss June 29, 2018 Waterloo’s £800m capacity-boosting programme will only keep the station on the tracks until the mid-2020s before reaching a “choke point”, a Transport for London director has admitted. David McNeill, director of public affairs and external relations, told City A.M. the terminus would reach the point of no return within less than 10 years and warned [...]
Brexit: It’s time to start considering an extension to the transition period June 29, 2018 It’s time to face facts: the clock is ticking and we are yet to hear of an agreed Cabinet position on our future relationship with the EU, let alone one that has been signed off by Brussels. Even if they were minded to smooth our departure from the European Union – and they’re not – [...]
World Cup 2018: England beaten by Belgium and face Colombia in last 16 but will Gareth Southgate’s Russian roulette pay off? June 28, 2018 When is a defeat not a defeat? It’s a curious logic, but perhaps when it diverts your team into what is – on paper, at least – an easier half of the World Cup draw. That certainly appeared to be Gareth Southgate’s take after England’s loss to Belgium tonight in Kaliningrad, a tepid Group G [...]
Day in the life: Volvo Ocean Race technology chief Jordi Neves June 28, 2018 The technology chief for the Volvo Ocean Race, which finishes this week, describes how he overcomes the challenges the sailing event throws up. The Volvo Ocean Race is the longest, toughest sailing event in the world and, with 85 per cent of the 45,000-nautical mile race taking place in the middle of nowhere, there are [...]
BAE Systems wins £20bn contract to build nine Australian frigates June 28, 2018 UK defence giant BAE Systems has won a 35bn Australian dollar (£20bn) contract to build frigates for the Australian navy, seeing off rival bids from Spain and Italy. Australian media broke the news on Thursday afternoon ahead of a planned announcement by ministers in the UK. Australian Prime Minister Malcolm Turnbull is to confirm BAE [...]
Tesla chief executive Elon Musk has been embroiled in a Twitter dispute over a farting unicorn June 28, 2018 Elon Musk, a Colorado potter, and a farting unicorn walk into a bar, followed by a punchline about copyright infringement. The Tesla chief executive has been accused of using an image of a farting unicorn for commercial purposes without permission or compensation. The original image was first tweeted by Musk last year and had previously [...]
Google threatens to discipline employees who troll people on company’s internal message boards June 28, 2018 Google has toughened up its approach to harassment at the company, as it told employees it would implement harsh penalties for workers who bully or troll colleagues on its internal message board. It outlined community guidelines threatening to discipline, demote or even sack employees who were caught treating others badly online. Its told workers to [...]
A London blockchain startup is spending $30m on building ‘a new internet’ June 28, 2018 The roll-out of the Decentralised Architecture for a Democratic Internet, or DADI for short, begins today as the London-based blockchain startup seeks to build an internet run and owned by the public. Labelled as a peer-to-peer network built on decentralised ledger technology, the Dadi network is promised to be up to 60 per cent cheaper [...]
British car manufacturing rose in May despite export drop June 28, 2018 The number of cars produced in the UK rose in May, despite output in 2018 still remaining below what it was the previous year. An expected bump in domestic demand led to the 1.3 per cent increase in cars manufactured in the UK last month, with 137,225 cars produced through May, according to statistics out [...]
Park Plaza refinances London hotels in £45m deal June 28, 2018 PPHE Hotel Group has this morning announced a £45m plan to refinance four UK hotels, including two landmark London sites. The Park Plaza County Hall and the Park Plaza London Park Royal are part of the agreement, along with Park Plaza Leeds and Park Plaza Nottingham. Under the plans, Luxembourg’s Banque Hapoalim is providing the [...]