Russia’s biggest bank Sberbank thrown out of SWIFT while EU moves to ban 90 per cent of Russian oil May 31, 2022 Most Russian oil imports into the EU will be blocked by year-end as part of new sanctions on Moscow, European leaders agreed late last night. The compromise was made at a two-day summit focused on helping Ukraine with a long-delayed package of new financial support. The embargo covers Russian oil brought in by sea, allowing [...]
Pendragon to face shareholder mutiny after Hedin Group hits out over executive pay May 30, 2022 Swedish car seller Hedin Group has vowed to vote down Pendragon’s executive pay policy, after slamming the UK’s second biggest car dealer over its plans to hand out bumper bonuses to its board. The Swedish group – which is currently Pendragon’s largest shareholder – hit out at the UK car seller over its decision to [...]
Half term travel bloodbath with endless queues at UK airport, delayed flights and last-minute cancellations May 30, 2022 Tens of thousands more Brits face queues, delays and even cancellations today after what some social media users described as a ‘Sunday from hell’. Half-term holidaymakers who tried to get away over the weekend face delays of up to nearly eight bours with some passengers being told at the very last minute that their flight [...]
Royal Mail under fire for wrongly charging British customers £150 ‘Brexit tax’ May 30, 2022 Royal Mail is under fire from angry Brits for reportedly charging incorrect Brexit import fees on deliveries from the European Union. The mail giant wrongly slapped fees on items customers already own. One man was charged around £200 for a pair of glasses to be sent back from a hotel in Spain, according to a [...]
Government adviser calls for taxation on EV tyres due to dangerous particles May 30, 2022 Electric vehicle (EV) tyres should be subjected to taxation as they release dangerous particulate matter, according to the chairman of the government’s independent science advisory group on clean air. A professor of atmospheric chemistry at the University of York, Alastair Lewis argued that particulate matter emitted from tyres is a much bigger risk to public [...]
Boeing receives additional confidence boost after Norwegian buys 50 737 MAX May 30, 2022 Boeing has received an additional confidence boost after Norwegian Air announced it has placed an order for 50 737 MAX and secured options for a further 30 planes at an undisclosed price. Norwegian called today’s order a “landmark deal” as the carrier will go back to owning a significant chunk of its fleet, which is [...]
Not your time yet: Tube suicides down by half as successful staff interventions jump dramatically May 30, 2022 The number of suicides on the London Underground are down by nearly a half in five years, new data reveals. TfL said this morning this is primarily driven by successful staff interventions, as those doubled between 2017 and 2021, totalling 2,225. London Underground’s Suicide Prevention Programme training encourages station staff to intervene if they believe someone [...]
Rapid rise of ‘advance fee’ loan scams: Cases rise by 90 per cent in just 12 months May 30, 2022 So-called ‘advance fee’ loan scams have soared by more than 90 per cent this year, according to new data shared with City A.M. this morning. The rising number of cases comes as Lloyds Bank warned that, on average, the amount stolen from victims is around £231. “Advance fee” loan scams take place when victims applying [...]
Motorists brace themselves for chaos as 19.5m trips planned for Jubilee weekend May 30, 2022 Motorists will need to brace themselves for a bumpy ride as 19.5m trips are planned for the Jubilee Bank Holiday weekend. According to data published today by RAC, Friday will be the most congested day due to a combination of people going for a day trip and families coming back from half-term holidays. The M25 [...]
P&O’s boss praised for ‘amazing job’ by Dubai owner despite sackings scandal May 30, 2022 DP World, the Dubai-based owner of disgraced ferry operator P&O, has praised chief executive Peter Hebblethwaite for doing an “amazing job” when he fired 800 seafarers in March. Chief executive Sultan Ahmed bin Sulayem said P&O’s management took the decision without interference from the parent company and that could not be reversed, despite attempts by [...]