Sunak causes rift with Cabinet over EV discount end October 13, 2021 Chancellor Rishi Sunak is reportedly in a row with other Cabinet members – including transport secretary Grant Shapps and business secretary Kwasi Kwarteng – over his proposed plans to cut grants for buying electric vehicles (EV). As reported by the Telegraph, the Treasury is expected to slash the grants – which amount to £2,500 for [...]
Barratt remains on track with steady customer reservations October 13, 2021 UK residential property developer Barratt Developments is on track to deliver its targets for the medium term as well as for FY2022, after registering a steady customer demand between 1 July and 10 October. “The positive start to the new financial year has continued in recent weeks with private reservations remaining strong,” said Barratt’s chief [...]
Over 60s warned about taking aspirin to prevent heart attacks October 13, 2021 People over 60 have been warned about regularly taking aspirin as a way to prevent heart attacks. According to the US Preventive Services Task Force, the risks of internal bleeding would cancel the benefits of taking aspirin to prevent cardiovascular diseases in people over 60. As reported by the Telegraph, the US health task group [...]
UK shorter-term bookings surge compared with pre-Covid levels October 12, 2021 Despite uncertainty on travel restrictions, during the summer the British airline industry registered a 25 per cent jump in shorter-term international bookings compared with pre-pandemic levels. Data from the Airlines Reporting Corporation (ARC) showed that this year 52 per cent of international flight bookings from the UK were made over a four-week window, compared to [...]
Easyjet’s bookings skyrocket as chief executive says recovery is back October 12, 2021 Easyjet’s chief executive Johan Lundgren has said that recovery is on the way as the airline’s bookings skyrocket, especially for warmer destinations. As reported by Lundgren during the carrier’s trading update call, bookings for destinations such as Turkey and Egypt have registered a 400 per cent increase. “We have seen city breaks beginning to return [...]
Vehicles are the UK’s most valuable export as revenues reach £27bn October 12, 2021 UK export revenues for vehicles have reached £27bn in 2020, making vehicles Britain’s most valuable trade good. In a report published today, the Society of Motor Manufacturers and Traders (SMMT) highlighted how the British automotive sector kept on generating revenue even during the Covid-19 pandemic. As a whole, the country’s industry produced a £74bn total [...]
Moldova asks EU for help after Gazprom’s gas flow closure October 12, 2021 Moldova is asking European countries for help after Russian energy corporation Gazprom drastically reduced gas shipments to the country. As reported by the Financial Times, Moldova is requesting emergency gas supplies through Romania to relieve pressure, reducing shortages and easing the increase in prices. Gas supplies in the country have fallen by a third as [...]
Australian low-cost airline Bonza to start flying in 2022 October 12, 2021 Australian new low-cost carrier Bonza is planning to begin operations from the second quarter of 2022, starting domestic flights with a couple of Boeing 737-8 aircraft. As reported by the Guardian, Bonza’s chief executive Tim Jordan sent out today 46 expressions of interest around the country, looking for “regions and cities” to be part of [...]
Wizz Air chief executive calls carbon offsetting “a bit of a joke” October 12, 2021 Wizz Air’s chief executive Jozsef Varadi has branded carbon offsetting as “a bit of a joke”, despite offering the scheme as part of the airline’s sustainability programme. As reported by Euronews, while speaking in Milan at industry conference World Routes, Varadi called carbon offsetting “greenwashing”. When pressed by Euronews Green on why the company was offering [...]
French Connection boss steps down as group recovers from Covid October 12, 2021 French Connection’s chief executive Stephen Marks will retire from the global retailer, as the company recovers from Covid-19. Commenting on the six-month results, he said: “This is an appropriate time for me to step back from the business that I founded in 1972, and I would like to take this opportunity to thank all our [...]
