Landmark day: Essex ‘scale-up’ unveils first hydrogen HGV to be mass-produced in UK June 30, 2022 Essex-based “scale-up” Tevva made automotive history today when it unveiled the first hydrogen HGV mass-produced in the UK. Fitted with a hydrogen-fuel cell system in addition to its electric battery, the 7.5-tonne lorry is able to carry heavy loads over long distances, driving as far as 310 miles. “By embracing hydrogen, we are futureproofing ourselves, [...]
British staycations under threat as hotels ‘turning away guests’ due to staff shortages, BCC boss warns June 30, 2022 The British staycation is under threat as hospitality firms struggle with staff shortages this summer, the director general of the British Chambers of Commerce (BCC) warned yesterday. Shevaun Haviland said the country was “already seeing a drag on economic growth due to the lack of people in our labour market.” Hotels had been “turning guests [...]
‘Enough is enough’: BT workers vote in favour of industrial action as nationwide action on the cards June 30, 2022 The majority of BT union members have voted in favour of industrial action, paving the way for nationwide disruption and representing the FTSE 100 firm’s first company-wide call for strike action in 35 years across s BT and Openreach. Call centre workers voted for the first national call centre strike in British history, including 30,000 [...]
Barclays fights cost of living crisis with £1,200 pay rise for 35,000 employees June 30, 2022 Barclays is giving 35,000 of its UK-based staff a £1,200 pay rise to tackle the cost of living. The banking giant will provide this salary increase to customer-facing, branch, and junior support workers from 1 August. “Barclays will continue to monitor the economic situation globally and consider our approach to pay in each country in [...]
Nearly 2m more Brits trapped by higher tax rates since 2019 Tory election win June 30, 2022 Boris Johnson has heaped higher tax rates on nearly 2m more Brits since he won the 2019 general election, reveal official figures published today. The number of people paying the higher rate of income tax has swelled to 6.14m, up around 1.88m since Johnson led the Conservatives to a huge majority two and a half [...]
Thames Water taps shareholders for £1.5bn boost to shake-up plans after sewage scandal June 30, 2022 Thames Water shareholders could have to cough up as much as £1.5bn to accelerate the shake-up of the scandal-hit business.
‘ESG inflation’ running rampant, FCA director warns June 30, 2022 The ESG chief of the UK’s top financial watchdog said that “ESG inflation” was running rampant today as the regulator looks to clamp down on the use of the label in investment data and ratings.
Amazon restricts LGBTQ+ search results in UAE following government pressure June 30, 2022 Amazon has restricted search results for LGBTQ+-related products in the United Arab Emirates after the government imposed threats on the US retail giant. As first reported by the New York Times, search terms like ‘LGBTQ’ and ‘pride’ were banned, as well as product searches such as ‘transgender flag’, and ‘chest binder for lesbians’. When searched, [...]
‘Kaboom!’ Ukraine announces recapture of Black Sea’s strategically important Snake Island June 30, 2022 Russia have abandoned the Ukrainian Black Sea outpost of Snake Island in a strategic victory for Kyiv against the Kremlin’s blockade. Ukrainian president Vlodymyr Zelensky’s office announced the major coup after Russia’s defence ministry said it withdrew as a “gesture of goodwill”. Its supposed gesture was done, according to Reuters, was to prove the Kremlin [...]
Crypto sector must be less combative with regulators June 30, 2022 Nigel Green doesn't always agree with regulators, but he says the approach of crypto companies should be collaborative, not combative.
