After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Severe disruption on entire TfL tube network as flooding hits London November 3, 2022 Flooding in west London, after a night of heavy downpours, is causing severe delays on London’s tube system and has led to the closure of multiple roads, Transport for London (TfL) has warned. Signal failures, caused by flooding in Richmond and Acton Town, have created severe delays on the District, Piccadilly, and London Overground, TFL [...]
Fiat carmaker Stellantis enjoys boost to revenue as chip shortage eases November 3, 2022 Stellantis, the carmaker behind Fiat and Peugeot, has enjoyed a boost to revenue in the past few months as a shortage of computer chips crucial to tech-assisted cars eases. Revenues rose by nearly a third to €42.1bn (£36.4bn) in the three months to September. The group’s sales of battery electric vehicles jumped more than 40 [...]
Elon Musk abandons Hyperloop project months after ramping up testing November 3, 2022 Elon Musk has reportedly abandoned his futuristic high-speed transportation project Hyperloop just six months after announcing plans to begin “full-scale” testing. Hyperloop has been ‘indefinitely shelved’, according to Bloomberg today. The eccentric billionaire’s $44bn takeover of social media giant Twitter finalised last week, making him the ‘Chief Twit’ of yet another technology heavyweight. The ambitious [...]
Trainline’s earnings triple as rail sector continues recovery from Covid-19 November 3, 2022 Ticket seller Trainline today said its earnings are up three-fold compared to 2021 amid the rail industry’s recovery from Covid-19. The online coach and train ticket seller said its revenues had increased more than two times over to £2.16bn, in an uptick that saw its adjusted earnings triple to £45m. The London headquartered company generated [...]
Delta boss: US’s appetite for transatlantic travel will not be over quickly November 3, 2022 Transatlantic travel is here to stay, said Ed Bastian, boss of US legacy carrier Delta. According to the chief executive, Americans’ appetite for hopping over the pond has been “truly unprecedented” following the reopening of air travel post pandemic. “So many Americans haven’t been able to go for up to three years,” he told journalists [...]
Virgin Atlantic’s chief warns Heathrow to prepare for winter after pandemic pandemonium November 2, 2022 Virgin Atlantic’s chief executive Shai Weiss said today Heathrow better be ready to welcome the hundreds of thousands of passengers expected during the peak winter period. “There is enough time to get ready for the peak winter,” he told City A.M. “We intend to fly and to serve our passengers and we expect Heathrow to [...]
Wizz Air’s losses widen as soaring fuel prices hit low-cost carrier’s profitability November 2, 2022 Hungarian airline Wizz Air today said soaring fuel prices had caused its losses to more than triple over the previous year. The budget airline said surging commodity prices and an unfavourable exchange rate had seen the price it pays for jet fuel double, as it posed losses of €384.4m (£330.6m) for the second quarter of [...]
Flying high: Ryanair breaks another monthly record with 15.7m passengers in October November 2, 2022 Ryanair has broken yet another monthly record, with 15.7 million passengers flying during the month of October. These figures were a record high for the budget airline, who said they were up 14 per cent on pre-COVID levels. The Irish firm has continued to post a steady incline in passenger numbers, with the last few [...]
Bentley’s profits more than double to £495.5m despite global headwinds November 2, 2022 Bentley’s profits have more than doubled to €575m (£495.5m) despite ongoing industry and economic headwinds. In the nine months ended 30 September, the luxury car maker’s earnings soared by 109 per cent, while return on sales surged to 23.1 per cent – the highest in the UK marque’s 103-year history. Revenue went up 28 per [...]
Union postpones next week’s strike to allow ‘constructive discussions’ with Network Rail November 1, 2022 The rail union TSSA has postponed next week’s strikes at Network Rail to allow for “constructive, intensive and detailed discussions to continue.” Involving thousands of workers, the strikes were supposed to take place on Saturday, Monday and Wednesday next week. Nevertheless, workers at Avanti West Coast, East Midlands Railway, c2c, South Western Railway and Southeastern [...]