Travelex recruits BrickVest boss Richard Wazacz as new CEO April 19, 2022 Foreign exchange firm Travelex has appointed Richard Wazacz as new CEO, who pledged to further modernise the business. The London-based firm said Wazacz would step into the role on 4 July 2022, joining from online property marketplace Brickvest. After a two year stint as CEO of Bickvest, Wazacz will be succeeding Donald Muir, who has [...]
Heathrow travel chaos eases as Easter is over: BA re-loading bags again after temporary stop April 19, 2022 Chaos at Heathrow seems to be calming as the weekend has passed, with a British Airways spokesperson confirming to City A.M. this morning that the airline is loading all bags on its planes after a temporary stop on Thursday evening. British Airways reportedly stopped loading luggage on numerous European flights as it struggled to cope [...]
Government announces half-price rail fares to help with living costs squeeze April 19, 2022 The UK Government is set to slash rail fares by 50 per cent to help struggling Brits with the cost of living squeeze. Transport secretary Grant Shapps announced more than one million train tickets will be reduced to help Britons afford trips across the UK and boost domestic tourism. The scheme is run on a [...]
P&O to face soaring insurance bill after sinking to riskiest safety rating April 18, 2022 P&O is to face soaring insurance bills after it sank to the riskiest safety rating, with its performance deemed “very low.” According to an analysis of an international database of inspections, P&O was previously awarded a “medium rating,” but after it sacked 800 seafarers and replaced them with agency workers the rating sank. “It’s very [...]
Most employees push for remote working following fuel price surge April 18, 2022 Most employees are pushing for remote working patterns as a result of the surge in fuel prices. According to 3,000 people survey by recruiter Randstad, nine out of 10 cite the cost-of-living crisis, and in particular hiking fuel prices, as the main reason for remote working. “For people who have to drive, being hit by [...]
Ukraine war leading to long-term consequences for aviation, says Emirates’ Sir Tim Clark April 18, 2022 The Ukraine war and the consequent exclusion of Russia from the global economy will have long-term consequences for global aviation, said Emirates’ boss Sir Tim Clark. “This [war] will have major manifestations of perhaps disadvantage for both sides. And this will have an impact on the industry,” he told the BBC today. Clark said Emirates was [...]
Rivian says automotive at risk of EV battery shortage April 18, 2022 The global automotive industry needs to brace for a shortage of electric vehicle (EV) batteries, according to Tesla’s rival Rivian. Chief executive RJ Scaringe said moving from building a few million batteries to tens of millions within the decade will replace chip shortages as the sector’s biggest challenge. “Put very simply, all the world’s cell [...]
Average price of used cars soar by a third following supply chain squeeze April 18, 2022 The average price of a used car in the UK has soared by almost a third over the last 12 months. Data from online car dealer Auto Trader revealed that on a like-for-like basis car prices have gone up by 32 per cent to around £18,000 – meaning that motorists are now paying a 15 [...]
Brits face more travel chaos as they flock home after Easter break April 18, 2022 The UK is bracing for more travel disruption as millions of Brits are expected to return today from their holidays. According to the RAC, around 3.96 million motorists will get on the road, causing delays of many major arteries, while thousands of people reported “nightmare queues” at Paris Gare du Nord’s Eurostar gates following an [...]
Ukrainians increasingly confident Zelensky is beating Putin as thousands of refugees make plans to return home April 18, 2022 Many Ukrainians who fled their country in recent weeks are increasingly confident the Russian Army is losing the war. A new poll in the Netherlands among refugees in the Benelux countries showed this Easter weekend that over half believe it is safe to return home to Kyiv as well as north, west and central Ukraine. [...]