Martin Winterkorn resigns: Volkswagen chief executive quits saying he accepts “responsibility” for VW recall – but denies knowledge of car emissions scandal September 23, 2015 Volkswagen chief executive Martin Winterkorn is stepping down, saying he accepts "responsibility" for the emissions scandal that has erupted in the last few days. In a statement issued this afternoon, the embattled boss said he was "shocked by the events of the past few days, adding: "Above all, I am stunned that misconduct on such [...]
Total solar eclipse 2015: How to watch in London with a DIY pinhole camera September 23, 2015 Allowing for toxic smog or the vagaries of London weather, tomorrow we will see the first total solar eclipse in 16 years. But, as we were all taught in school, you should never look directly at the Sun, and experts are warning that doing so could cause a “solar burn” on your retina. In other [...]
Travel chaos as Southeastern services between London Cannon Street and London Bridge cancelled, delayed and revised September 23, 2015 Commuters, brace yourselves: Southeastern services between Cannon Street and London Bridge are being cancelled, delayed or revised until at least 7pm because of a signalling problem somewhere on the line. The issue surfaced at around 4pm this afternoon, with Southeastern saying it was working with Network Rail to rectify the problem as quickly as possible. [...]
Why London needs a rebrand for its 21st century life as a megacity September 23, 2015 With London’s population set to top 8.6 million this year, overtaking the previous record set in 1939, there’s been heightened debate on the big challenges for housing, education and transport in the capital. But relatively little discussion has focused on the crucial matter of how we help Londoners to connect with and develop a [...]
Volkswagen chief executive Martin Winterkorn statement: Car boss asks for “trust in our journey” – but there is no mention of resignation yet September 23, 2015 Embattled Volkswagen chief executive Martin Winterkorn has said he would do anything for trust… but he won't do that. In a video statement issued this afternoon, Winterkorn said the car giant would do "everything necessary to reverse the damage. And we will do everything necessary to win back trust – step by step". It [...]
BBA Aviation’s share price down as it sets out deal to buy Carlyle Group’s Landmark Aviation for more than $2bn (£1.3bn). September 23, 2015 BBA Aviation's share price was down in mid-morning trading on the back of news that it could buy out private equity-owned Landmark Aviation for more than $2bn (£1.3bn). The British aircraft services provider confirmed this morning that it was making a $2.065bn offer for the Carlyle Group-owned business, which will be partly funded through a [...]
RMT union finally reveals Night Tube dispute was down to pay rises, telling TfL “where’s our pay increase?” September 23, 2015 The same union that insisted its Night Tube strikes were over staff's work-life balance is now making veiled threats over the one thing it insisted it was never about: a pay rise. In fact, the Rail, Maritime and Transport (RMT) workers' union is calling for staff to receive a “decent offer” for pay even [...]
Volkswagen boss Martin Winterkorn could be replaced by Porsche chief Matthias Muller by Friday as emissions-cheating scandal escalates September 23, 2015 Volkswagen boss Martin Winterkorn is under growing pressure in the job as the car giant suffered a second day of billion-dollar losses to its share price following the emissions cheating scandal. Berlin newspaper Der Taggespiegel is reporting that VW's supervisory board will meet tomorrow, ahead of a conference scheduled for Friday when it is [...]
Volkswagen share price plummets for second day in a row as car giant sets aside €6.5bn to deal with emissions claims September 22, 2015 Volkswagen's share price plunged mid-morning after revealing it will set aside €6.5bn (£4.2bn) to deal with the escalating emissions-cheating scandal as it admitted at least 11m vehicles could be affected. The car giant said the write-down was needed to cover "the necessary service measures and other efforts to win back the trust of our [...]
TfL rubbishes claims that Night Tube will help only rich Londoners September 22, 2015 Transport for London has rubbished claims that the Night Tube would benefit only the richest of Londoners, insisting it will support thousands of jobs across the capital. A study published today claims that the service, which was due to launch on 12 September, was tilted in favour of people with higher-than-average house prices. [...]
