The Airbus rival to the Boeing 777 just had its maiden flight November 24, 2016 Airbus' new jewel in its crown and rival to Boeing's well-known 777, the Airbus A350-1000, took to the skies for its maiden flight today. Europe's largest twin-engined passenger jet took off this morning at Blagnac in Toulouse France (at 10.42am local time just in case you were wondering). Equipped with specially developed Rolls-Royce Trent XWB-97 [...]
Last surviving WWI submarine hunter looks doomed for scrap after failing to secure Autumn Statement funding November 24, 2016 The HMS President's fate is looking uncertain, after a bid for Libor funding was turned down in Philip Hammond's Autumn Statement. Now she faces the prospect of being scrapped in the coming weeks. A parliamentary motion was submitted in an effort to signpost its value as a heritage site as one of the UK's last three [...]
London Underground Tube drivers announce 24-hour strike starting 6 December – the same day as the next Southern walkout November 24, 2016 London Underground Tube drivers will go on strike for 24 hours in December, the Rail, Maritime and Transport (RMT) union has announced today. The strike, which relates to drivers on the Piccadilly and Hammersmith and City Lines, will start at 21:30 on 6 December – the same day Southern workers are also due to go on [...]
China logged a record one million patent applications last year ahead of the United States November 23, 2016 China has become the first country to file one million patent applications in a single year, according to the World Intellectual Property Organisation (WIPO). Chinese innovators filed the majority of their 2015 applications in electric engineering, including telecoms, followed by computer technology and semiconductors, and measurement instruments including medical technology. "The figures for China are [...]
Fed officials said rate hike needs to happen in December “to preserve credibility” November 23, 2016 Some Federal Reserve officials said a rate rise needs to happen next month "to preserve credibility", according to minutes of their November meeting released today. They said an interest rate increase was incoming "relatively soon", if incoming data continued to reflect an improving economy, with some explicitly calling for a move next month. Some participants, a [...]
Commuters facing chaos at Euston with disruption expected throughout the night after man was hit by train November 23, 2016 Emergency services are dealing with an incident between London Euston and Watford Junction, which is causing chaos for commuters and significant disruption between the stations. British Transport Police said it was called to an area nearby London Euston station "following reports of a person being struck by a train". A spokesperson said: "Our officers attended [...]
Back in fashion? Austin Reed is braving a return to the high street months after collapse November 23, 2016 We only just heard the news that the UK high street was losing another retail name in office chain Staples, but Austin Reed wants to buck the trend with a return to bricks-and-mortar. The menswear retailer is coming back to the high street as part of a £100m three-year revival plan, according to the owner [...]
TUI tie-up with Etihad nears take-off after board green lights plan for new airline November 23, 2016 TUI's supervisory board has given the green light for the proposed tie-up with Etihad Aviation to create a new European airline. Negotiations are expected to be "finalised in the next few weeks" according to a company statement. TUI's supervisory body approved the plan to spin-off its German leisure airline subsidiary TUIfly to a joint venture with Etihad. TUI will hold [...]
£450m goes towards digital signalling to improve rail reliability and £390m plugged into driverless cars, says Philip Hammond November 23, 2016 Amid his bumper infrastructure unveiling, Chancellor Philip Hammond announced £450m to trial digital signalling technology on railways to improve reliability. From 2018-19 to 2020-21 the Northern Powerhouse Investment Fund (NPIF) will plug this investment into signalling technology, while £80m will be allocated to accelerate the roll-out of smart ticketing, including season tickets for commuters in [...]
What to expect when you’re expecting the Autumn Statement – here’s what we know so far November 23, 2016 Chancellor Philip Hammond will deliver his first Autumn Statement today – and unlike during the Osborne era, the Treasury has already given a hint of what will be in the speech: Housing Letting agents' fees are in the firing line: Hammond is expected to ban them in an attempt to stop households in private rental [...]
