On the charge: Tesla breaks $500bn market valuation after stock rally November 24, 2020 Tesla has broken through the $500bn (£375bn) market value mark following a mammoth rally that has seen its share price rise more than sixfold this year. The company’s shares were opened more than five per cent up today to give the firm a market cap of $519bn. The growth will round off an historic year [...]
Covid-19: Travel quarantine restrictions to be relaxed in time for Christmas November 24, 2020 Transport secretary Grant Shapps has scrapped blanket travel quarantine restrictions in time for Christmas so that people can travel to high-risk "red list" countries to visit relatives.
Royal Mail awarded contract to deliver and collect Covid-19 home testing kits November 24, 2020 Royal Mail has been awarded a new contract to deliver and collect coronavirus home testing kits seven days a week. The move comes as ministers prepare to ramp up testing capacity in the coming week, part of Boris Johnson’s ‘Operation Moonshot’ that was announced several months ago. Completed tests will be collected from 35,000 postboxes [...]
Wizz Air slams slot suspension as it seeks to grow presence at Gatwick November 24, 2020 Hungarian carrier Wizz Air has hit out at regulators over fears that a continued freeze on airport slot rules could derail efforts to bolster its presence at London Gatwick. Under normal circumstances, airlines which fail to use 80 per cent of their take-off and landing slots have to cede some of these to their rivals. [...]
Think ‘carefully’ before travelling at Christmas, warns Shapps November 24, 2020 People should think “carefully” about travelling over the Christmas period, the transport secretary warned today, because of “limitations” on the UK’s railways. Speaking to the BBC, Grant Shapps said that people should “take a close look at any proposed journeys and routes they are taking” amid fears of overcrowding. “I would appeal to people to [...]
Sign Brexit deal to ‘give us our future’, pleads car industry November 24, 2020 The car industry has pleaded with the government to sign a post-Brexit free trade agreement by Christmas, saying that the failure to do so could cost the sector £55bn by 2025. Speaking at a Society for Motor Manufacturers and Traders (SMMT) summit, chief executive Mike Hawes said that a new partnership with the EU “could [...]
Former IAG boss Willie Walsh to become IATA chief exec November 23, 2020 Willie Walsh, the outspoken former boss of British Airways-owner IAG, is set to become the head of global aviation body IATA. The Irishman stepped down from his role as chief executive of the European carrier group in September. He had been meant to leave in the spring, but agreed to carry out to shepherd IAG [...]
High life for the housebound? BA begins sale of first class stock November 23, 2020 You might not be able to fly first class at the moment, but you could slip into some first class slippers this Christmas after British Airways announced a sale of thousands of stock items. Housebound passengers missing the high life will be able to splash out on the full range of BA items, from champagne [...]
Plug-in hybrid cars emit far more carbon dioxide than advertised November 23, 2020 Plug-in hybrid cars emit far more carbon dioxide than advertised, new research published today shows, just days after the government decided to allow sales of such vehicles to continue to 2035. According to a study done by European body Transport & Environment, three of the most popular hybrids all emitted more carbon dioxide than advertised [...]
Ineos inks deal with Hyundai for hydrogen-powered Grenadier 4×4 November 23, 2020 Sir Jim Ratcliffe’s Ineos will work with South Korean auto giant Hyundai to assess whether its new Grenadier car can be powered by hydrogen fuel cell. The assessment is part of a new deal between the two firms to explore new hydrogen power technologies across a number of sectors. The Grenadier, which is set for [...]