Rio Tinto strikes £2.86bn deal to snap up remaining Turquoise Hill stake September 1, 2022 Rio Tinto has struck a $3.3bn deal to buy the rest of Canadian firm Turquoise Hill today in a move that will see it take direct ownership of a major copper mine in Mongolia.
Confidence in ride-sharing apps down as more consumers complain September 1, 2022 Consumer confidence in ride-sharing apps is down, according to data released today. Figures from analytics company Chattermill showed that trust in the likes of Bolt, Uber as well as Singapore’s Grab and Spain’s Cabify went down 25 points in the last year. Drivers cancelling rides as well as prolonged waiting times and increased prices featured [...]
Lufthansa axes 800 flights tomorrow amid German pilots’ strike September 1, 2022 Lufthansa will axe 800 flights on Friday after German pilots announced a 24-hour walkout. The measure is likely to leave 130,000 passengers stranded, impacting Lufthansa’s services from Frankfurt and Munich on Thursday too. The airline said it was doing everything it could to minimise the strike’s impact. The German pilots’ union, the Vereinigung Cockpit (VC), [...]
Jet2’s summer seat sales outshine 2019 levels as package holidays boom September 1, 2022 Jet2.com and Jet2holidays’s summer sale seat capacity was 14 per cent higher than 2019 levels as the travel giant banks in on the post-pandemic rush. Executive chairman Philip Meeson told shareholders during Jet2’s AGM package holiday customers continued to display a materially higher mix of the total departing passengers, up 13 per cent in this summer. He [...]
Nigerian fintech Moove brings 10,000 EVs to Uber’s UK fleet September 1, 2022 Nigerian mobility fintech Moove will bring 10,000 electric vehicles (EVs) to Uber’s fleet as part of its EU expansion. Moove will enable Uber London, which is already the greenest city on the platform with 6,000 EVs – to become all-electric by 2025. Founded in 2020 to expand access to vehicle ownership in Nigeria, the fintech [...]
Train drivers to strike on 15 September August 31, 2022 Train drivers at 12 companies will walk out on 15 September in a dispute over pay. Disruption will affect services on Avanti West Coast, Chiltern Railways, CrossCountry, Greater Anglia, Great Western Railway, Hull Trains, LNER, London Overground, Northern Trains, Southeastern, TransPennine Express, and West Midlands Trains. The union said the operators had forced the workers’ [...]
PETA US becomes Jet2 investor to end promotion of marine parks August 31, 2022 PETA US has become a Jet2 shareholder to end the firm’s promotion of marine parks, accused of mistreating cetaceans. Representatives for the animal rights’ organisation will speak tomorrow to Jet2’s annual general meeting, while a group of activists – including two dressed as “chained orcas” – will demonstrate outside 107 Cheapside, in the City’s heart. [...]
China’s dominance over container trade risked by ‘zero Covid’ policies August 31, 2022 China’s ports have continued to dominate the container trade, according to a recent survey. Figures published today by Lloyd’s List show that 40 per cent of all twenty-foot equivalent unit (TEU) liftings in 2021 came from China. The country also had seven of the world’s biggest ports – including Shanghai, which won the first prize [...]
Volkswagen plans board revamp, cutting down seats from 12 to nine August 31, 2022 Volkswagen is reportedly planning a revamp of its executive board, trimming the total seats from 12 to nine. People close to the matter told Reuters the move was brought up last night during a board meeting but it is yet to be finalised. According to sources, procurement and sales will be the positions removed during [...]
Long-term TfL settlement to lead to further strikes, says union August 31, 2022 The long-term TfL settlement agreed yesterday will lead to further strikes, according to the union RMT. The union said the long-term TfL settlement was an attack on “workers’ pay and pensions,” especially amidst the cost-of-living crisis. Members will throw a rally against the funding deal tonight, with US senator Bernie Sanders as special guest. “This [...]