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      Nvidia shares plunge as Huang affair threatens AI recovery

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      After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom

      Nvidia CEO Jensen Huang, a man with gray hair and glasses, wearing a black leather jacket, looking upwards.

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Transport & Infrastructure

  • TfL ‘service performance’ complaints skyrocket in new figures

    February 20, 2020

    Commuter complaints to Transport for London (TfL) skyrocketed in 2019, with complaints about service performance increasing by 62 per cent in just two years. TfL logged 110, 072 complaints from travellers in 2018-19, which was 19 per cent higher than two years earlier. More than 25,000 of these were around issues of “service performance” – [...]

  • Global aviation to lose $30bn as a result of coronavirus outbreak

    February 20, 2020

    Global aviation body the International Air Transport Association (IATA) has today said that the coronavirus outbreak will cost the world’s airlines a combined $29.3bn in revenue, a reduction of five per cent on December’s estimates. The vast majority of the cost – $27.8bn – will be borne by carriers based in the Asia-Pacific, with Chinese [...]

  • Airbus announces 2,300 job cuts in space and defence division

    February 19, 2020

    Airbus today said it would cut 2,300 jobs in its defence business, including 357 roles in the UK. The UK cuts amount to a near 10 per cent reduction in its 4,000-strong workforce. The aircraft maker blamed a flat space market and postponed defence contracts for the cuts. Ongoing technical problems with its transport and [...]

  • HS2 reveals Old Oak Common station design

    February 19, 2020

    HS2 has unveiled its new designs for its planned passenger super-hub at Old Oak Common in west London, which will serve 250,000 passengers per day. The plans for the new hub, which were submitted for planning approval today, are part of a wider regeneration project for Old Oak and Park Royal, which will see the [...]

  • Ryanair doubles passenger carbon offset scheme in green push

    February 19, 2020

    Ryanair today announced that passengers would be able to double their voluntary carbon offset contribution from €1 to €2 from April onwards. The increase, which the airline admitted was “modest”, is part of the low-budget carrier’s ongoing sustainability campaign. Three per cent of Ryanair’s passengers currently participate in the voluntary scheme, the funds from which [...]

  • Railway bodies call on government for rolling electrification programme

    February 19, 2020

    The railway industry has written to transport secretary Grant Shapps calling for the government to begin a constant process of electrifying the UK’s rail networks or risk missing its 2040 decarbonisation goal. The open letter notes that although electrification is the only means to meet the target, once the Midlands mainline has been electrified, there [...]

  • Renault sees rating cut by Moody’s as problems mount

    February 19, 2020

    Renault shares fell this morning after credit agency Moody’s cut its rating for the embattled carmaker’s debt to junk after last week’s poor full-year results. Moody’s said that the rating cut, which saw the French firm downgraded from Baa3 to Ba1, was triggered by Renault’s substantially weakened operating performance reported for last year. The financial [...]

  • Tube strike talks break down over Bakerloo walkout

    February 19, 2020

    The Bakerloo line will grind to a halt on Friday as last minute talks between the rail union and Transport for London (TfL) to avoid a Tube strike have broken down. The National Union of Rail, Maritime and Transport Workers (RMT) confirmed this morning that its drivers would strike over the weekend despite “intensive efforts” [...]

  • Boeing finds debris in fuel tanks of 737 Max aircraft

    February 19, 2020

    Boeing has found potentially dangerous debris in the fuel tanks of its grounded 737 Max aircraft in a further blow for the model, which has been grounded since last March after two fatal crashes. An internal memo said that the company had found foreign object debris (FOD) – rags, tools, metal shavings and other materials [...]

  • Heathrow airport halts take-offs due to plane blocking runway

    February 19, 2020

    Heathrow airport briefly halted some flights this morning due to an aircraft blocking one of its runways. Specialist air travel news website Airlive had reported that a plane was blocking runway 27R. The plane, a BA flight from Tel Aviv, had to be towed off the runway after a hydraulic fluid spill. Sign up to [...]

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