Tesla braced for a big hit from legal claims following Musk’s Twitter gaffe August 16, 2018 Tesla’s legal team is bracing itself for a number of potential legal claims following an uproar caused by Elon Musk’s disclosures on Twitter that he was considering taking the company private. Fox News reported that the legal team for the controversial CEO was preparing itself for the costs of private litigation to exceed any fine [...]
Sadiq Khan tells government: Give me the power to limit number of cars August 15, 2018 Mayor of London Sadiq Khan has demanded new powers to bring in a controversial cap on the number of private hire vehicles (PHVs) operating in the capital, following a similar clampdown in New York. Last week New York became the first major American city to introduce the one-year cap on cars used by platforms such [...]
Nasa successfully launches Sun-touching Parker solar probe from Florida August 12, 2018 Nasa has successfully launched a mission to send a satellite to "touch the Sun". The US space agency this morning launched the Parker solar probe satellite at 03:31 local time, or 07:31 GMT, from Cape Canaveral air force station in Florida. The spacecraft was named after living astrophysicist 91-year-old Eugene Parker, who explored solar wind [...]
Tesla shares take off as Musk mulls buyout August 7, 2018 Tesla shares were suspended this evening following a string of tweets by billionaire founder Elon Musk in which he said he was considering taking the company private, leading the stock to spike. Tesla shares were up 7.39 per cent at the time of the hiatus and took off again when trading resumed nearly two hours later [...]
Westminster council derails second Sadiq Khan project with legal challenge against CS11 Cycle Superhighway August 2, 2018 Construction works on a proposed cycle superhighway at a dangerous gyratory in north-west London have come to a grinding halt after Westminster council mounted a successful legal challenge against Transport for London (TfL) – derailing its second project this year. Work on the first section of Cycle Superhighway 11, which is intended to span [...]
Litigation funder Augusta completes £150m financing round to pedal expansion plans July 10, 2018 Litigation funder Augusta has successfully completed a £150m financing round from institutional and private investors as its business moves into the next phase of expansion. Augusta, whose main markets are in the UK and Australia, says the boosted finances will enable it to fund disputes of a bigger size and scope and reach other jurisdictions [...]
Westminster council presses ahead with Oxford Street strategy – without TfL’s help July 10, 2018 Westminster City Council (WCC) has pressed ahead with its plans for Oxford Street without funding from Transport for London (TfL). At a council meeting yesterday evening, WCC agreed to draw up its own strategy work for the area after it scrapped TfL's plans on the grounds there was not a "strong democratic mandate" following complaints [...]
London Assembly urges Sadiq Khan to use emergency powers to save Oxford Street July 5, 2018 The London Assembly has called on Sadiq Khan to consider using emergency powers to allow Oxford Street to go ahead despite Westminster City Council (WCC) scrapping it last month. The council pulled the plug on the mayor's flagship policy last week citing concerns the scheme did not have a "strong democratic mandate" for residents, some [...]
Crossrail’s coming: Here’s the date the Elizabeth Line will open in December July 5, 2018 London has long been counting down the days for when the Elizabeth Line finally goes live, and now we have a date. While the launch of the Elizabeth Line may have been slightly dampened by the news it might not be accompanied by a pedestrianised Oxford Street after Westminster City Council (WCC) unexpectedly pulled the [...]
Mastercard and Visa lose battle with supermarkets over debit and credit card charges July 4, 2018 Mastercard and Visa have lost the latest round of an ongoing legal battle with a conglomerate of supermarkets after a court found their card charges were too high and had breached competition rules. The two credit card giants had been accused by a number of retailers of charging overly high fees – known as interchange [...]
