Coronavirus: Grant Shapps rules out Brexit disruption to vaccine delivery November 13, 2020 Grant Shapps has ruled out potential disruption to deliveries of a coronavirus vaccine by post-Brexit border delays. The transport secretary today said there is a “back-up to the back-up” to prevent any hiccups, amid concerns delivery of the Belgium-manufactured Pfizer jab could be jeopardised if the UK fails to secure a trade deal with the [...]
Building consensus on London’s housing priorities November 13, 2020 The housing market has the potential to play a significant role in the UK’s economic and social recovery from the pandemic – but housing in London faces a mounting number of challenges and uncertainties in doing so. That was the verdict of a roundtable held as part of a UK-wide initiative by Lloyds Banking Group [...]
Japan’s Nikkei index snaps eight-day winning streak as Covid-19 cases surge November 13, 2020 Nikkei snaps eight-day winning streak as COVID-19 cases surge
Croydon council goes bust and freezes spending as Covid costs bite November 12, 2020 Croydon council has become the first London borough to buckle under the weight of the pandemic, as it today filed a notice declaring it virtually “bankrupt”. In a letter to councillors seen by City A.M, Croydon’s finance director Lisa Taylor outlined “serious issues” facing the borough, including a potential budget shortfall of around £66m this [...]
Transport for London demands £2.9bn to keep Tube service running in 2021 November 11, 2020 TfL demands £2.9bn to keep the Tube and other public transport services running
Heathrow passenger numbers fall for eighth straight month November 11, 2020 Passenger numbers at Heathrow Airport fell for the eight month in a row in October as the government’s travel quarantine regime continued to hammer aviation. The number of people passing through the UK’s largest airport fell 82.4 per cent last month to just 1.2m passengers. The figures came with warnings that November would see an [...]
Editorial: A week that offers good news for the capital November 10, 2020 It’s hardly a 200 watt halogen bulb, but word of a potential vaccine does at least provide a flicker of light at the end of this interminable 2020 tunnel. After a year of unrelentingly negative headlines, it counted as unalloyed good news. Not just for our fight against the virus, but for the capital too. [...]
Wall St indexes dip as Pfizer vaccine optimism fades, but FTSE 100 powers ahead November 10, 2020 The S&P 500 and Nasdaq indexes in New York dipped at the open, halting a rally set off by the Pfizer vaccine results yesterday.
TfL launches new scheme to curb London bike theft November 10, 2020 TfL will today launch a partnership with British cycling retailer Halfords to encourage Londoners to safely and securely lock up their bikes and reduce the risk of theft.
Softbank rides e-scooter wave with $250m Tier funding deal November 10, 2020 Softbank has jumped onto the booming e-scooter market, leading a $250m (£190m) investment round in Berlin-based Tier. Tier has grown rapidly since its inception in 2018, and now operates 60,000 e-scooters in more than 80 cities across 10 countries. The latest funding takes its valuation to just under $1bn unicorn status, the Financial Times reported, [...]