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      Bank of England’s Lombardelli warns youth unemployment crisis could leave ‘lasting scars’

      Bank of England officials Sarah Breeden and Andrew Bailey at a press conference with Bank of England on the blue backdrop.

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      Fall in love at City AM’s London Watch Week – The City Edition

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Transport & Infrastructure

  • London’s black cab industry needs a regulatory overhaul to compete with the likes of Uber, say academics

    March 7, 2017

    It's no secret that Uber's rise and its impact on the capital's transport network hasn't gone down well with many black cab drivers. Now a study by the University of the West of England and the University of Greenwich has suggested the capital's black cab industry needs a complete regulatory overhaul to compete with the ride-hailing app and other [...]

  • New Land Rover Discovery uses search and rescue drone technology to help Red Cross rescue missions

    March 7, 2017

    Check out this rather special version of the new Land Rover Discovery – for use by the Austrian Red Cross. That's right, Jaguar Land Rover special vehicle operations has been beavering away on developing "Project Hero", involving search and rescue drone technology which can take off and land on the vehicle, even when it's in [...]

  • Jaguar Land Rover is driven to new heights by 40 per cent surge in Chinese sales

    March 7, 2017

    Jaguar Land Rover roared to a record year in 2016 and it shows no sign of taking its foot off the pedal. The British car giant has reported its best ever February retail sales of 40,978 vehicles, up nine per cent on the same period last year. It was driven by strong demand in China [...]

  • Crossrail chairman Sir Terry Morgan takes over from Roy Griffins at London City Airport

    March 7, 2017

    Crossrail's Sir Terry Morgan CBE is joining London City Airport as chairman. Today he takes over from Roy Griffins, who has held the post for over 10 years, as the airport gears up for construction on its £350m development programme, due to be completed by the end of 2021. It will enable the airport to welcome [...]

  • Over 400 flights have been cancelled as French air traffic control strike is set to cause a second day of chaos

    March 7, 2017

    More than 400 flights have been cancelled across Europe due to the French air traffic control strikes that started yesterday, and the worst could be yet to come. In addition to the Brest and Bordeaux control centres which were on strike yesterday, the Marseille sector will now be involved in the action too. The five-day strike lasts [...]

  • Is the purchase of Vauxhall-Opel by Peugeot owner PSA Group good news for Britain?

    March 7, 2017

    Christian Stadler, professor of strategic management at Warwick Business School, says Yes. As it stands, it looks very much like the PSA deal is good news for everybody involved. GM will get rid of subsidiaries that have lost money for 17 years. PSA will become number two in Europe and gain scale that is crucial [...]

  • Heathrow launches supply chain tour to reach out to more small businesses ahead of third runway expansion

    March 7, 2017

    Heathrow is seeking to bolster its supply chain with small and medium-sized businesses to help deliver its expansion plans for the third runway. The UK's biggest airport will host six business summits across the UK this year to appeal to more small British firms and give them insight into Heathrow's major suppliers to help them win [...]

  • Airbus has unveiled its own online booking tool for its superjumbo A380

    March 6, 2017

    Airbus has unveiled its first "online booking assistant" for passengers and travel agents. It has created iflyA380.com featuring a flight search system that sorts results by aircraft type, allowing passengers to choose the A380 flight of their choice – with the ability to opt for wider seats and more entertainment options. Read more: Boeing hits [...]

  • Ford’s testing out making car parts using a massive 3D printer

    March 6, 2017

    Car spoilers and other bespoke and custom car parts could be made for Ford's vehicles with the help of a massive 3D printer. The US car company is testing out the technique with a new machine, the Infinite Build, from Stratasys, which can construct parts made of plastic on a larger scale than many 3D printers – feet [...]

  • Passenger numbers have quadrupled at British Airways’ regional airline business in 10 years

    March 6, 2017

    The number of customers using British Airways' regional airline business BA CityFlyer has quadrupled since its creation 10 years ago. British Airways is celebrating the 10th anniversary of its regional airline subsidiary, which was launched on 5 March 2007. Adam Carson, BA CityFlyer's managing director, said: "Initially a business-based airline we listened to what our [...]

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