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      Nvidia hit with shareholder lawsuit after $190bn market value wipeout

      Nvidia CEO Jensen Huang, a man with gray hair and glasses, wearing a black leather jacket, looking upwards.

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Transport & Infrastructure

  • Wizz Air carries 4.9 million people as it pursues post-pandemic turnaround

    September 1, 2022

    Wizz Air’s passenger levels continue to increase as the low-cost carrier pursues a post-pandemic turnaround.  The airlines carried 4.9 million travellers in August, up from July’s 4.7 million and June’s 4.3 million.  Load factor – the measure of how well an airline fills its seats – grew by 0.8 per cent on last month’s levels [...]

  • New rail strikes confirmed for Greater London and most of England on 15 and 17 September

    September 1, 2022

    More than 40,000 railway workers at Network Rail and 14 other operators will strike on 15 and 17 September over jobs, salaries and working conditions. The action is expected to effectively shut down both London and the UK’s network as on 15 September the walkout will coincide with the train drivers’ strike. Operational and support [...]

  • Stansted Airport appoints TfL boss Gareth Powell to top job

    September 1, 2022

    Stansted Airport has appointed TfL executive Gareth Powell to managing director.  Powell has spent 19 years at TfL, holding a number of roles including deputy commissioner and chief customer and strategy officer.  Powell will replace Steve Griffiths, who will move on to managing East Midlands Airport. East Midlands, alongside Stansted and Manchester airports, is managed [...]

  • 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.  [...]

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