Airbus raises 20-year delivery forecast as aviation’s ‘centre of gravity’ shifts east June 14, 2023 Airbus has today upped its 20-year forecast for the number of new aircraft it expects to deliver, estimating a total of 40,850 by 2042, up from 39,490 last year amid rising demand for fuel-efficient jets. The aerospace titan said that 80 per cent of its crafts would be made up of single-aisle jets, such as [...]
Tomorrow’s World: Flying taxis to launch in San Francisco June 14, 2023 Flying air taxis will take to the skies in San Francisco, it has been announced today, as part of a collaboration between United Airlines and producer Eve Air Mobility. The partnership will see Eve’s electrical vertical takeoff and landing aircrafts (eVTOL’s) carry commuters to work in helicopter-like drones, sometimes described as ‘flying taxis.’ eVTOL’s are [...]
UK staff in EU holiday jobs plummets 70 per cent as British tourism pleads for post Brexit help June 14, 2023 The UK travel sector has called on the government to address difficulties employing British staff in EU holiday destinations, due to post-Brexit red tape and rising hiring costs. Trade association ABTA’s report found that the number of UK workers in holiday roles in the European Union has dipped by 69 per cent from 11,970 to [...]
Toyota shares soar following unveiling of new EV tech June 13, 2023 Toyota saw its shares bump up on Tuesday following the unveiling of a host of new EV-related technologies from 2026, which it said will help cut costs and regain competitiveness in the global transition towards electric vehicles. Following the announcement on Tuesday morning, company shares surged five per cent. Toyota said that the new “next [...]
Gen Z drivers forking out extra £300 as soaring car premiums offset dip in petrol costs June 13, 2023 Young car owners are paying an extra £300 to drive a car this year as a result of insurers hiking up premium prices, new research shows. Analysis from Compare the Market shows that young motorists between 17-24 are now paying £2,559 to drive a car for a year, compared with £2,263 in 2022 a “substantial” [...]
E-bike explosions caused by dodgy batteries are ‘the fastest growing fire risk’ in London June 13, 2023 Dodgy batteries on e-bikes and scooters are the “fastest growing fire risk in the capital,” a top London Fire Brigade official has warned, as he joined calls for more regulation. Deputy Commissioner of London’s Fire Brigade Dom Ellis said that the force had been called out to 58 e-bike fires and 14 involving e-scooters this [...]
UK car insurance costs likely to rise for another two years, report says June 12, 2023 UK car insurance costs are set to rise for at least another two years, according to a new report. The price for Brits to insure their cars is expected to rise 14 per cent in 2023 and will not flatten until 2025, according to a report by consultancy Oxbow Partners. It comes as inflation has [...]
2,000 jobs lost as Tuffnells crashes into administration June 12, 2023 Over 2,000 workers are expected to be pushed into redundancy after British delivery giant Tuffnells went into administration today. The firm appointed joint administrators from Interpath Advisory to handle its bankruptcy, after failing to secure additional funding. Headquartered in Sheffield, Tuffnells – which was a leading distributor of mixed freight – has 33 depots across [...]
EU carmakers could lose £3.69bn due to post-Brexit tariffs June 12, 2023 European automakers have said they could lose €4.3bn (£3.69bn) and cut production of nearly 500,000 vehicles, if the EU does not delay putting in place tariffs between the EU and UK. According to the Financial Times, the European Automobile Manufacturers Association (Acea), has said that China would benefit if the EU does not agree to [...]
Eurowag boss: UK should remain open to alternative green fuels June 12, 2023 The founder and CEO of FTSE 250 firm Eurowag has said that the UK should remain open to synthetic fuels, amid impending bans on petrol and diesel vehicles and an ongoing wider debate over alternative fuels’ role in decarbonising. Speaking to City A.M. Martin Vohanka said he would like the UK to “stay open” to [...]