Weekend Read: Foreign investors flee Myanmar as regime strengthens grip May 16, 2021 Businesses have continued to bow out of Myanmar after the bloody coup has killed more than 750 people and seen over 5,000 arrested for protesting the military’s forced reign. Companies began to flee Myanmar in March, like Japanese beverage group Kirin which had a $1.7bn stake in Myanmar Economic Holdings Public Company Limited, a company [...]
Ministers set to reveal radical rail shake-up May 15, 2021 Ministers are set to reveal the biggest overhaul of the UK’s rail system in three decades, with reforms including the introduction of flexible season tickets and pay-as-you-go travel across the network. The coming week will see the publication of a long-awaited white paper on the future of the country’s rail network, the Times reported. Chief [...]
Waterloo & City Tube line to reopen from 21 June May 15, 2021 The Waterloo & City line will reopen on 21 June, Transport for London (TfL) confirmed today, having been shut since the first coronavirus lockdown. The underground line, which connects the commuter hub at Waterloo with the Square Mile, is a vital artery for many who commute into the office. Upon reopening, the Waterloo & City [...]
Six in 10 travelling for work last week as homeworking uncertainty kicks in May 14, 2021 Six in 10 people left home to travel to work in the UK over the last seven days, new data from the Office of National Statistics (ONS) today showed. Though the same figure as last week, it is considerably higher than during the height of lockdown in February, when just 44 per cent of people [...]
Sadiq Khan needs to get real on housing – Londoners deserve it May 14, 2021 After a surprisingly close race, Sadiq Khan has secured another term as Mayor of London. He has promised to rebuild London, post pandemic, and announced big spending plans to bring life back to the capital. Piccadilly Circus now has its very own David Hockney design. But Khan has failed to put forward a coherent policy [...]
London buses to double passenger capacity from Monday May 13, 2021 Londoners will soon face fewer capacity-related bus frustrations, as from Monday social distancing measures on buses across England will be eased. In London capacity on double decker buses will be doubled to around 60 passengers from Monday. For single decker buses capacity will be increased to 28, up from between 11 and 14 currently, depending [...]
The City is the global gateway for financial flows post-Brexit, says Africa’s rising finance star May 13, 2021 With the focus of Brexit being on the relationship between the UK and EU, some in the City and beyond argue that not enough attention is given to the international impact of Brexit, specifically on Africa. With the removal of European market caps, there has been an increase in trade between the UK and Africa, [...]
Kennington Station to become Zone 1/2 station from Sunday May 13, 2021 Kennington Underground station will switch from being a Zone 2 station from Sunday and become a Zone 1/2 station instead. As part of the Northern Line extension project, the change in fare zones means that passengers travelling to central London from new stations at Battersea Power Station and Nine Elms will only pay a zone [...]
Exclusive: Hydrogen fueling firm Element Two kicks off £30m funding round May 13, 2021 Hydrogen refuelling firm Element Two has today kicked off a new funding round as it looks to raise £30m in equity and debt to build up its network of distribution stations. The company, which is planning to deploy over 800 pumps onto the UK network by 2027, and 2000 by 2030, will use the proceeds [...]
Yet more places to eat and drink: 70 bars and restaurants open now May 13, 2021 It’s just days until we can once more sit in a restaurant and dine like civilized human beings, albeit socially distanced ones. But where to book? To help you make this most difficult of decisions, we’ve collected a bumper list of 70 places to meet up with friends and support the hospitality industry. With spots [...]