Novavax vaccine 86 per cent effective against Kent variant of Covid-19 March 11, 2021 Novavax tonight said that its Covid-19 vaccine was 86.3 per cent effective against the so-called Kent variant of coronavirus. The pharma firm said that the vaccine was even more effective against the original strain of the disease, with efficacy clocking 96.4 per cent. It added that the vaccine was 100 per cent effective in preventing [...]
Barclays must pay £33m legal bill for Amanda Staveley court case March 11, 2021 Barclays will have to pay £33m in legal bills despite winning its case against Amanda Staveley over how bank bosses negotiated investment deals during the financial crash. In the High Court today Judge David Waksman said he made “no order as to costs”, so both sides will pay their own bills. According to court documents, [...]
Ride-hailing giant Grab reportedly in talks over $40bn SPAC deal March 11, 2021 Ride-hailing firm Grab is reportedly in talks about going public through what would be the biggest SPAC deal ever signed. According to the Wall Street Journal, the Singapore-based firm is in talks with a SPAC – special-purpose acquisition company – linked with Altimeter Capital Management for a deal that would value it at up to $40bn. [...]
Police officer arrested in connection with Sarah Everard disappearance taken to hospital March 11, 2021 The police officer arrested in connection with the disappearance of Sarah Everard was taken to hospital for a head injury earlier today. The Met said that he was treated in hospital for the injury, which he sustained in custody, and then was “returned to a police station”. The man, who is in his 40s, was [...]
Glencore chairman Tony Hayward to step down March 11, 2021 Glencore chairman Tony Hayward today confirmed that he would step down from the role before next year’s annual general meeting. The former BP chief executive will remain in the role while the mining giant handles the departure of long-term chief executive Ivan Glasenberg. Back in December the FTSE blue-chip said that Glasenberg would step down [...]
France eases restrictions on travellers from the UK March 11, 2021 France has today become the latest country to lift restrictions on travellers from the UK, its foreign ministry has announced. According to a statement from the Quai d’Orsay, travellers from the UK, as well as six other countries, will no longer need a “compelling reason” to travel to France. However, people will still be required [...]
Government must get people back on public transport to drive green recovery, says Go-Ahead boss March 11, 2021 Encouraging people to get back on public transport when the current Covid restrictions are lifted is vital to the government’s net zero plans, Go-Ahead chief executive David Brown has said. Speaking to City A.M., he said that the future of the country’s public transport providers was bound up with “where the government wants to go [...]
Rolls-Royce joins with Scandi carrier Widerøe to launch all-electric plane by 2026 March 11, 2021 Rolls-Royce has today announced a new partnership with Scandinavian regional carrier Widerøe to develop an all-electric commuter aircraft ready for service by 2026. The 11-seat plane is being designed for initial use in Norway, where extremely short flights are very common due to the country’s mountainous territory. The project is part of Norway’s plan to [...]
MPs urge government to ensure travel restart plans are made public March 11, 2021 MPs have today urged the government to make public the Global Travel Taskforce’s recommendations when the body reports to the Prime Minister on plans for reopening travel on 12 April. In a new report, the parliamentary transport committee said that the failure to do so would rob the aviation industry of much-needed clarity. When the [...]
CBI calls for ‘fundamental change’ to UK tax system to achieve climate change goals March 11, 2021 One of the UK’s most influential business groups has called for the government to deliver wholesale changes to the country’s tax regime in order to hit its 2050 net zero target. The CBI said that instead of making changes to individual taxes, ministers should instead pursue “fundamental change with a holistic, coherent tax plan”. It [...]
