Elon Musk’s empire on a roll: Tesla reaps record profits as The Boring Company raises £515m April 21, 2022 Elon Musk’s empire seems to be on a roll, as Tesla wins the hearts of drivers looking to go green and his infrastructure business The Boring Company catches the eyes of investors. The Boring Company has raised $675m (£516m) in its latest funding round, Musk announced today, bringing the valuation to $5.7bn. The series C [...]
Global travel and tourism to create 126m jobs by 2032 April 21, 2022 The global travel and tourism industry is set to create 126 million jobs within the next decade, according to a report published today. Data from the World Travel and Tourism Council (WTTC) has reported the sector’s GDP will grow at an average rate of 5.8 per cent annually between 2022 and 2032 – 3.1 per [...]
TfL workers to vote for strike action amid pension feud April 21, 2022 Transport for London (TfL) and London Underground workers are expected to vote whether to go on strike over pension cuts. Members of the union Unite accused TfL of cutting their pensions and putting an end to the final salary scheme – which bases the amount workers receive as pension on the salary they earned when [...]
Report warns Covid travel rules imposed without ‘overall assessment’ April 21, 2022 Covid-induced restrictions on international travel were imposed in England without an “overall assessment” of their impact, according to a report released today. The National Audit Office (NAO) said there was no system put in place by the government to measure the success of self-isolation, passenger control forms and the quarantine hotels. The watchdog also reported [...]
Car insurance rises for first time in 18 months April 21, 2022 Car insurance premiums have risen for the first time in 18 months, according to financial services company Confused. Data revealed today that insuring a vehicle is £12 more expensive than it was a year ago, causing the average premium to be as high as £550 per year. “Car insurance costs are starting to increase, and [...]
Russia considers taking $1.3bn from wealth fund to recapitalise Aeroflot April 20, 2022 Russia is considering taking $1.3bn from its national wealth fund to recapitalise Aeroflot. According to Moscow sources, the wealth fund will buy Aeroflot’s new share issue through an open subscription and spend an additional $690.9m in equity stakes to help other struggling carriers. As a result of the new issue, the Kremlin’s stake will need [...]
Passengers enraged after Wizz Air flight lands in Sheffield instead of Gatwick April 20, 2022 Passengers were left enraged after a Wizz Air flight landed in Sheffield, 200 miles away from scheduled destination of London Gatwick. Travellers took it to Twitter to complain about the low-cost carrier after a flight from Tel Aviv departed three hours late. Before take-off, passengers were told the plane would land in Luton instead of [...]
More than 40,000 workers to vote over biggest rail strike in history April 20, 2022 More than 40,000 workers are set to vote whether to go on strike in what could be the biggest rail industrial action in history. The National Union of Rail Maritime and Transport Workers (RMT) cited Network Rail’s planned cuts as the reason behind the ballot, which will take place between 26 April and 24 May. [...]
Number of passengers reported for ‘intrusive staring’ on tube goes up following TfL campaign April 20, 2022 The number of passengers reported for “intrusive staring” on the tube network has gone up following a Transport for London (TfL) campaign. Aiming to root out the sexual harassment faced by women on the network, the campaign invites people to report also “intrusive staring of a sexual nature”, as it is considered “sexual harassment.” “It’s [...]
P&O fires seven agency workers for drinking on the job April 20, 2022 Disgraced ferry operator P&O said t has fired seven agency workers for drinking while on duty. The employees, P&O said, were dismissed “with immediate effect” after breaching “our strict guidelines on alcohol consumption.” “The safety of our passengers and crew is our foremost priority and we continue to operate a zero tolerance policy towards drinking [...]
