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 [...]
Eurostar to scrap direct services to Disneyland due to Brexit and Covid August 31, 2022 Eurostar has announced it will scrap London to Disneyland direct services from next summer due to the impact of Brexit and Covid. “Whilst we continue to recover financially from the pandemic and monitor developments in the proposed EU Entry Exit system, we need to focus on our core routes to ensure we can continue to [...]
Strike: Staff at 10 train companies to walk out on 26 September August 31, 2022 Another day another strike as members of the union TSSA working as operational and support staff at 10 train companies have announced a 24-hour walkout on 26 September. The strike will fall on the same days as the Labour Party Conference in Liverpool, which is taking place between 25 and 28 September. Workers will walk [...]
City bosses rejoice as TfL funding deal announced August 30, 2022 CITY bosses have rejoiced after a long-term funding deal was agreed today between the central government and TfL. The London Chamber of Commerce said businesses “will be breathing a sigh of relief” while Centre for London’s boss Nick Bowes added that TfL will now be able to get on with running the transport system without [...]
DEAL DONE: Transport for London signs funding settlement with government August 30, 2022 Transport for London (TfL) has signed a long-term funding deal with central government to keep London moving until spring 2024. It comes after two years of fraught negotiations between the TfL and the government after passenger revenues fell due to the pandemic’s impact. The deal was signed off by Transport for London at a board [...]
Ryanair boss Michael O’Leary: We will grow stronger in a recession August 30, 2022 Ryanair’s chief executive Michael O’Leary said the airline will grow stronger amid the UK’s predicted recession. The low-cost carrier said that people will not stop travelling altogether, but they will shy away from more expensive fares put forward by competitors. “People in a recession will get much more price sensitive,” O’Leary told reporters today during [...]
TfL warns it will have to ‘hand in keys’ to govt if no funding deal is reached August 30, 2022 TfL will have to “hand in the keys” to the government if a long-term agreement is not reached, according to commissioner Andy Byford. “If we do not reach a settlement, we will be faced with a rapidly deteriorating situation in which we would not be able to continue to operate and we would likely have [...]
Hiring spree: UK aviation recruiting increases by 42 per cent August 30, 2022 The UK aviation sector has gone on a hiring spree, as recruiting has increased 42 per cent year-on-year in July. Data released today by LinkedIn showed that recruitment in the sector went up compared with the overall UK hiring rate, which has seen a 15 per cent drop. Operative roles, as well as drivers, cleaners [...]