Take off: Tui revenue jumps 400 per cent as travel restrictions ease February 8, 2022 In a sign the travel industry is making a post-pandemic comeback Tui revenues have climbed by 406 per cent in the first quarter of 2022.
UK swerves away from EU car safety rules following Brexit February 8, 2022 The government has said it could use its new Brexit “freedoms” to avoid complying with EU car safety rules. Following Brexit, the UK no longer needs to follow the General Safety Regulations, which include higher standards for cars and lorries to make them less deadly for pedestrians. The UK agreed to be follow the regulations [...]
Used car market grows 11.5 per cent in 2021 as prices show no sign of stop February 8, 2022 The UK’s second-hand car market has grown 11.5 per cent, with more than 7.5 million transactions registered in 2021. According to data from the Society of Motor Manufacturers and Traders (SMMT), 777,997 more cars were sold compared with 2020 levels, even though performance remained 5.5 per cent below the pre-pandemic five-year average. Transactions reached peak [...]
Musk faces fresh lawsuit as 2018 tweet comes back to bite him February 7, 2022 Elon Musk faces fresh legal challenge from the US stock market watchdog as his Twitter thread continues to cause problems for the electric car giant Tesla. In 2018, Musk tweeted that he had “funding secured” to take Tesla private, sending its share price soaring. It prompted subsequently prompted a Securities and Exchange Commission (SEC) lawsuit and [...]
London receives cap reduction in government crackdown on private parking fines February 7, 2022 London will receive a smaller overall reduction as part of a government crackdown on private parking fines which will protect motorists from “aggressive debt collection and unreasonable fees.” Under a new parking code of practice introduced by the government today, the cap for private parking fines will be cut in half, going from £100 to [...]
Green TV: NEP to power broadcast fleet with biofuels February 7, 2022 TV production giant NEP has announced it will power its UK broadcasting fleet of trucks with recycled biofuels, as part of the company’s green push. To reach carbon neutrality by 2030, NEP UK will use GD+, a hydrogenated vegetable oil (HVO) made from organic waste that will require no retrofitting of diesel engines. NEP has [...]
Brits welcomed back down under as Australia reopens its borders to vaccinated tourists February 7, 2022 Brits will once again be welcome down under after the Australian Government announced today its decision to reopen the borders to fully-jabbed tourists from 21 February. Travellers will no longer be required to quarantine upon arrival, but they will still need to present a Covid test – either PCR or lateral flow – taken within [...]
Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
Danish fund divests from Wizz Air over human and labour rights abuse concerns February 7, 2022 Danish pension fund AkademikerPension has said it will divest from low-cost airline Wizz Air over concerns of human and labour rights abuse. AkademikerPension explained that the decision to divest more than $3m was made after Wizz Air’s management failed to reassure investors about the legality of their labour and human rights practices. “The management’s behaviour [...]
British electric van maker Arrival prepares for unconventional US debut February 7, 2022 British electric van maker Arrival is preparing for its US debut, choosing Charlotte, North Carolina, as its US headquarter. The company’s new offices are set to be inaugurated next month, while production facilities – one for vans in Charlotte and one for buses in South Carolina – will open later this year. The automotive manufacturer [...]