Schools and construction paused as Indian capital mulls ‘pollution lockdown’ November 14, 2021 Schools in New Delhi have closed for a week, as authorities consider a “pollution lockdown” to protect residents of worsening smog. “Schools will be shut so that children don’t have to breathe polluted air,” chief minister Arvind Kejriwal told reporters on Saturday. The minister added that that the capital’s construction activity would also be paused [...]
Airbus predicts 39,000 new planes will be built by 2040 November 14, 2021 Aircraft manufacturer Airbus is predicting that around 39,000 new planes will be built by 2040 as passenger traffic and the need for replacing old models increase. Out of the overall 39,000 expected, 15,250 aircraft will be destined to replace less fuel-efficient models. This will result in the majority of commercial planes in operation becoming fuel-efficient [...]
Inmarsat buyer plans London HQ in bid to ease security fears November 14, 2021 A US satellite company which offered to buy Britain’s Inmarsat for $7.3bn (£5.5bn) could set up an international headquarters in London to appease national security regulators. Viasat is in ongoing discussions with UK ministers after it announced plans to purchase Inmarsat through a merger which would create one of the world’s largest satellite operators, the [...]
Jacob Rees-Mogg may have broken parliamentary rules by not declaring £6m in loans November 14, 2021 Jacob Rees-Mogg may have broken parliamentary rules by not disclosing £6m in loans he took out from his Cayman Islands-linked company. The leader of the House of Commons took out £2.94m of “director’s loans” every year between 2018 and 2020 from his UK-based company Saliston Ltd, according to the Mail on Sunday. Rees-Mogg, who led [...]
HS2’s eastern to be scrapped while northern railways get £100bn November 14, 2021 Transport secretary Grant Shapps is expected to face criticism over the rumoured decision to scrap HS2’s eastern leg that would connect Birmingham to Leeds. Announcing the outcome of the Rail Integrated Plan on Thursday, Shapps is likely to confirm the decision, while setting forth an almost £100bn investment in the English railway network, the Sunday [...]
Shareholder payday on the horizon? Lord Cruddas’ CMC Markets mulls split November 14, 2021 Tory peer Lord Cruddas is reportedly looking into splitting up his CMC Markets into two London-listed firms. The separation could be announced within days, Sky News’ Mark Kleinman reported, creating a leveraged trading business as well as a non-leveraged technology and investment products platform. The move could see shareholders, including Lord Cruddas with his 62.5 [...]
Heathrow lambasted by Virgin Atlantic and BA’s owner over fees November 14, 2021 British Airways’ (BA) former boss Willie Walsh alongside Luis Gallego – the chief executive of BA’s owner IAG – and Virgin Atlantic’s chief Shai Wess has lambasted Heathrow airport for its decision to increase fees. Walsh, Weiss and Gallego, writing on the Sunday Telegraph, have criticised the London hub saying it is ‘”back at its [...]
Grant Shapps alleged to be lobbying against government housing plans November 14, 2021 Transport secretary Grant Shapps has allegedly spent public money on lobbying to oppose the government’s plans to build on private runways, the Sunday Times reported. An aviation aficionado, Grant’s reported fight against development plans has led housing agency Home England to withdraw plans for thousands of homes to be built, including a project to build [...]
UK government set to launch national security probe into Nvidia’s $54bn takeover of ARM November 14, 2021 Ministers are lining up a full-blown national security investigation into Nvidia’s planned $54bn takeover of British chip designer ARM, after months of negotiations between regulators and the US chip company. The investigation is likely to be announced on Tuesday week, after digital and culture secretary Nadine Dorries orders a “phase 2” probe into Nvidia’s acquisition [...]
Richard Ratcliffe ends hunger strike after 21 days November 13, 2021 The husband of detained Iranian-British national Nazanin Zaghari-Ratcliffe is ending his hunger strike after 21 days. Richard Ratcliffe told his wife today that he would end his protest and will head to hospital for a full check-up. “Today I have promised Nazanin to end the hunger strike. Gabriella needs two parents. Thank you all for [...]
