TfL must be ‘realistic’ on mega-projects, says deputy mayor, as wait for long-term funding deal goes on July 3, 2021 Heidi Alexander has a lot on her plate. In normal times, overseeing London’s transport network as Sadiq Khan’s deputy mayor for the sector would be quite the job, what with keeping the capital’s commuters happy while delivering huge infrastructure projects like Crossrail. And that is before the pandemic left TfL operating on a shoestring budget, [...]
Tesla hits record deliveries despite chip shortage July 2, 2021 Electric carmaker Tesla posted record vehicle deliveries for the second quarter as the firm handled the worldwide semiconductor shortage through sales of its cheaper models. The results were in line with analyst expectations, as the firm cooed the supply crisis better than many of its more established rivals. However chief executive Elon Musk has warned of [...]
Merkel: Double jabbed Brits will be able to visit Germany without quarantine in ‘foreseeable future’ July 2, 2021 Angela Merkel has today said British holidaymakers will be able to travel without quarantine to Germany in the “foreseeable future”, after previously indicating the opposite. Merkel said after a bilateral meeting with Boris Johnson today that recent “protective measures” at the German border were put in place when little was known about the Delta variant. [...]
Wizz Air ‘offers chief exec £100m bonus’ amid rapid expansion push July 2, 2021 Wizz Air has reportedly offered its boss Jozsef Varadi an £100m one-off bonus if he can more than double the Hungarian carrier’s share price over the next five years. The FT said that the low-cost airline had set up the bonus scheme in a bid to keep its chief executive in place amid a flurry [...]
Richard Branson set to beat Jeff Bezos in space race July 2, 2021 Sir Richard Branson is aiming to beat billionaire rival Jeff Bezos into space by just nine days after setting a launch date for his Virgin Galactic rocket ship. The entrepreneur plans to join as a passenger on VSS Unity as early as 11 July, subject to weather and technical checks. The journey to the edge [...]
Ride-hailing firms have ‘moral imperative’ to give drivers’ workers rights, says Heidi Alexander July 2, 2021 London’s deputy mayor for transport has said that ride-hailing firms have a “moral imperative” to offer their drivers basic workers’ rights. Speaking to City A.M., Heidi Alexander said that City Hall would like to see minicab operators like Bolt and Ola adapt their business models to embrace the Supreme Court’s historic judgement on Uber. Her [...]
Jet2 will not fly to ‘amber list’ countries until 19 July July 1, 2021 Package holiday firm Jet2 will not fly to “amber list” countries until 19 July, the company confirmed today, due to ongoing travel restrictions. The FTSE listed firm said it would await the next UK government review of the traffic light status of overseas destinations, which it expect on or around July 15. At the moment, [...]
HS2 faces new legal challenge from Siemens over £2.8bn contract July 1, 2021 HS2 has reportedly been hit by another legal challenge, this time by German industrial group Siemens, over a £2.8bn contract to build trains for the new rail link. The new lawsuit comes just days after the firm behind the project confirmed it had settled a previous dispute with Spanish firm Talgo out of court. The [...]
SSE Networks bows to stakeholders and plots a £4bn net zero investment July 1, 2021 Scottish and Southern Electricity Networks (SSEN) may pledge over £4bn in the push for net zero, the energy giant said in a draft business plan today. The draft plan for 2023 to 2028, which was led by stakeholders according to SSEN, set goals like cutting unplanned power interruptions by 20 per cent and connecting a [...]
Nissan confirms £1bn Sunderland gigafactory in major jobs boost July 1, 2021 Nissan today confirmed plans to open a £1bn flagship battery gigafactory in Sunderland as part of a major electric vehicle push that will create thousands of new jobs. The Japanese carmaker said the huge new plant, dubbed EV36Zero, would create 6,200 new jobs at Nissan and its UK suppliers. This includes more than 900 new [...]