Thomas Cook: Watchdog mulls whether to probe collapsed airline’s accounts September 24, 2019 Britain’s accounting watchdog is looking into investigating whether Thomas Cook breached accounting standards, after the travel giant collapsed yesterday. Nearly 15,000 people returned to Britain yesterday on specially-chartered flights after the firm collapsed under the weight of a £1.7bn debt pile. Read more: Was the collapse of Thomas Cook inevitable? The Financial Reporting Council said [...]
Volkswagen chief executive faces criminal charges in Germany over dieselgate September 24, 2019 Volkswagen’s chief executive Herbert Diess faces criminal charges of market manipulation in Germany relating to the car maker’s so-called dieselgate scandal. Herbert Diess, as well as former chief executive Martin Winterkorn and chairman Hans Dieter Poetsch were accused by German prosecutors of intentionally failing to inform investors in time about the financial impact of the [...]
Uber suffers blow as TfL grants it two-month London licence September 24, 2019 Transport for London (TfL) has given Uber a two-month licence to continue in London, in a blow to the ride-hailing app which has been on a corporate reform drive. It is understood that the TfL wants further information from Uber before it will consider granting them a more long-term licence. Read more: Sadiq Khan vows [...]
Tube chaos for commuters as Victoria line suspended September 24, 2019 Commuters have been hit by severe delays during rush hour this morning after part of the Victoria line was suspended. The line, which runs between Brixton and Walthamstow central, is suspended between Brixton and Victoria due to a fire alert, Transport for London (TfL) said on Twitter. There are severe delays on the rest of [...]
The great escape: UK flies home 14,700 Thomas Cook customers first day after collapse September 24, 2019 Nearly 15,000 people returned to Britain yesterday on specially chartered flights to save the passengers left stranded by the collapse of Thomas Cook. The megalith effort of flying people back to the UK is set to continue for the next two weeks as 135,300 people need planes to come home, the Civil Aviation Authority said. [...]
DEBATE: Was the collapse of Thomas Cook inevitable? September 24, 2019 Was the collapse of Thomas Cook inevitable? Julian Jessop, economics fellow at the Institute for Economic Affairs, says YES. It is sad to see the collapse of the world’s oldest travel firm, but badly run companies must be allowed to fail. There was some bad luck here, including unrest in Turkey, European heat waves, and [...]
Labour hopes to lease 30,000 electric cars to public in climate drive September 23, 2019 Labour has unveiled plans to roll out a fleet of 30,000 electric hire cars onto Britain’s roads in a bid to help tackle climate change. Shadow business secretary Rebecca Long-Bailey today said Labour would spend £300m to provide its so-called People’s Zipcars if it came to power, which people across the country could rent via [...]
Boeing’s £3.8bn deal with Embraer ‘to be investigated by EU competition watchdog’ September 23, 2019 Boeing is facing an investigation by EU antitrust regulators into its bid for a controlling stake in the commercial aircraft arm of Brazilian firm Embraer. The deal, which marks the biggest shift in commercial aerospace in decades, would reinforce Western plane makers’ market positions against newcomers from China, Russia or Japan. I would give Boeing [...]
Thomas Cook collapse: Assets under the hammer as liquidators move in September 23, 2019 Collapsed airline Thomas Cook will be sold as a whole or in parts after it went into liquidation this morning, the firm’s second largest shareholder has said. Neset Kockar, boss of Turkish holiday group Anex Tour, owned a near-eight per cent stake in the travel giant when it went under. Read more: Tui share price soars [...]
Sexual assaults on Tube network have risen 42 per cent since 2015 September 23, 2019 The number of reported sexual assaults on the London Underground has risen 42 per cent over the last four years, according to new data. Attacks on the capital’s transport network have jumped from 844 in 2015-16 to 1,206 in 2018-19, the PA news agency’s analysis of figures found. Read more: Bank Tube station upgrade hits [...]