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

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Transport & Infrastructure

  • Car insurance rises for first time in 18 months

    April 21, 2022

    Car insurance premiums have risen for the first time in 18 months, according to financial services company Confused. Data revealed today that insuring a vehicle is £12 more expensive than it was a year ago, causing the average premium to be as high as £550 per year. “Car insurance costs are starting to increase, and [...]

  • Russia considers taking $1.3bn from wealth fund to recapitalise Aeroflot

    April 20, 2022

    Russia is considering taking $1.3bn from its national wealth fund to recapitalise Aeroflot. According to Moscow sources, the wealth fund will buy Aeroflot’s new share issue through an open subscription and spend an additional $690.9m in equity stakes to help other struggling carriers. As a result of the new issue, the Kremlin’s stake will need [...]

  • Passengers enraged after Wizz Air flight lands in Sheffield instead of Gatwick

    April 20, 2022

    Passengers were left enraged after a Wizz Air flight landed in Sheffield, 200 miles away from scheduled destination of London Gatwick. Travellers took it to Twitter to complain about the low-cost carrier after a flight from Tel Aviv departed three hours late. Before take-off, passengers were told the plane would land in Luton instead of [...]

  • Mail chaos expected as thousands of Post Office workers agree to full-day strike over pay

    April 20, 2022

    Thousands of Post Office staff across the UK are to stage a one-day strike in a dispute over pay. Members of the Communication Workers Union (CWU) will walk out on May 3 after voting overwhelmingly in favour of industrial action. The union said the strike is over a pay freeze for 2021 and the offer [...]

  • Union threatens to sue over Uber’s failure to offer ‘sharia compliant’ pension plan for Muslim majority workforce

    April 20, 2022

    The gig economy workers’ union has threatened to take Uber to court over its failure to offer a “sharia compliant” pension plan for its Muslim majority workforce. The App Drivers & Couriers Union (ADCU) has threatened to sue Uber for failing to provide a pension offering that complies with the tenets of Islamic beliefs, after [...]

  • More than 40,000 workers to vote over biggest rail strike in history

    April 20, 2022

    More than 40,000 workers are set to vote whether to go on strike in what could be the biggest rail industrial action in history. The National Union of Rail Maritime and Transport Workers (RMT) cited Network Rail’s planned cuts as the reason behind the ballot, which will take place between 26 April and 24 May. [...]

  • End to ‘preighting’: European airlines no longer allowed to pack empty passenger planes with cargo

    April 20, 2022

    Airlines across the European Union are no longer allowed to pack empty passenger planes with cargo, in a further sign that the aviation industry is recovering from the pandemic. The temporary exemption to allow so-called ‘preighting’ – using passenger planes to transport freight – was introduced during the pandemic as passenger flows dried up while [...]

  • Number of passengers reported for ‘intrusive staring’ on tube goes up following TfL campaign

    April 20, 2022

    The number of passengers reported for “intrusive staring” on the tube network has gone up following a Transport for London (TfL) campaign. Aiming to root out the sexual harassment faced by women on the network, the campaign invites people to report also “intrusive staring of a sexual nature”, as it is considered “sexual harassment.” “It’s [...]

  • P&O fires seven agency workers for drinking on the job

    April 20, 2022

    Disgraced ferry operator P&O said t has fired seven agency workers for drinking while on duty. The employees, P&O said, were dismissed “with immediate effect” after breaching “our strict guidelines on alcohol consumption.” “The safety of our passengers and crew is our foremost priority and we continue to operate a zero tolerance policy towards drinking [...]

  • FirstGroup snatches former telecoms boss for chief executive role

    April 20, 2022

    Former telecoms boss Graham Sutherland was appointed chief executive of FirstGroup, the transport colossus announced today. The new boss will assume office from 16 May. Sutherland – who was previously at the helm of LSE-listed telecommunications company KCOM from 2018 until its sale to an infrastructure fund – will succeed Matthew Gregory, who stepped down [...]

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