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

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Transport & Infrastructure

  • UK pledges to share expertise and help Ukraine rebuild transport network

    August 25, 2022

    The UK Government has pledged to help Ukraine rebuild its war-damaged transport network, sharing private sector expertise.  The news comes a day after Prime Minister Boris Johnson made an impromptu visit to Kyiv. The agreement was signed by transport secretary Grant Shapps and its Ukrainian counterpart Oleksandr Kubrakov today, a day after the country’s Independence [...]

  • Strikes backed by union members at three train companies and Croydon’s tram network

    August 25, 2022

    Train and tram drivers have voted overwhelmingly to strike, as Aslef members on the Croydon tram system will also walk out next month. Chiltern, Northern and TransPennine Express have backed industrial action in a dispute over pay, according to their union Aslef. The votes were  9 to 1 in favour of strikes, with turnouts of [...]

  • Qantas says pandemic ‘existential crisis’ over despite losses

    August 25, 2022

    Qantas, Australia’s flagship airline, has said the “existential crisis” posed by the pandemic is over despite posting losses for the third consecutive year. Compared to 2021, the Australian airline widened its underlying loss before tax to 1.86bn Australian dollars (£1.1bn) due to the closure of Australia’s borders and uncertainty over the Delta and Omicron variants.  [...]

  • Tesla: Former exec’s start-up snatches Moixa for undisclosed sum

    August 25, 2022

    A US battery start-up founded by a former Tesla boss has acquired UK battery firm Moixa. Founded two years ago, the US company will acquire Moixa’s software to ramp up the electrification of homes worldwide. Lunar has raised $300m (£250m) in two funding rounds led by South Korean telecoms giant SK Group and US solar [...]

  • Wizz Air: Winds of change as non-executive director made deputy chair

    August 25, 2022

    Winds of change are blowing in Wizz Air’s boardroom as the low-cost company appointed non-executive director Stephen Johnson to the role of deputy chair. The airliner also announced the creation of a safety, security and operational compliance committee to oversee policies and practices as the carrier plots its expansion.  Johnson, who took on the role [...]

  • UK car production grows for third consecutive month but still below pre-Covid

    August 25, 2022

    UK automotive production grew in July by 8.6 per cent, marking the third consecutive month of growth, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). Factories produced 4,605 additional vehicles – a signal that component shortages might begin to ease – while output for the UK market surged 40.7 [...]

  • Unite warns of disruption to Notting Hill Carnival as bus drivers strike on Bank Holiday

    August 24, 2022

    Unite has warned of travel disruption for those going to the Notting Hill Carnival as over 1,000 bus drivers working for London United are set to strike during the Bank Holiday weekend.  Striking bus drivers operate from several depots including Park Royal, Shepherd’s Bush and Stamford Brook, which serve routes close to the carnival. Transport [...]

  • TfL board to meets next week to decide long-term funding deal

    August 24, 2022

    Transport for London’s (TfL) board is set to meet next Tuesday to discuss the government’s long-term funding deal. TfL has confirmed the meeting will take place next week, but it remains unclear whether the board will accept the proposal made by transport secretary Grant Shapps on 22 July. The public body has been locked in [...]

  • 1,000 new public EV chargers get £20m boost for UK-wide for roll-out

    August 24, 2022

    The UK Government and industry have pledged over £20m for the roll-out of 1,000 new public electric vehicle (EV) chargers across England.  The Local EV Infrastructure pilot scheme has received £10m as part of the government’s £450m EV charging strategy for local authorities, which aims to increase the number of public EV infrastructure by a [...]

  • Toyota ad banned for encouraging ‘unsafe and irresponsible driving’

    August 24, 2022

    Toyota’s ad for the GR Series car has been banned after a watchdog ruled the promotional campaign “condoned and encouraged unsafe and irresponsible driving.” It appeared on the Guardian and the i between April and May, and ad depicts three cars driving close to one another on a country road, with a text at the [...]

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