Tube strike: London underground workers threaten industrial action in housing project battle April 13, 2016 A fresh battle is brewing after London Underground workers threatened to strike over a housing project battle which would result in a Tube depot being demolished. The RMT Union said the at 400 maintenance engineers have been "caught in the middle of a mad dash by mayor Boris Johnson to bulldoze through the demolition of whole [...]
Transport for London Bill slammed by RMT as multi-billion pound rip off April 12, 2016 The RMT union has slammed the Transport for London Bill as a "multi-billion pound rip off" ahead its third reading in parliament tonight. The bill was introduced to help TfL maximise profits that it makes from developing its property. It aims to allow TfL power to enter into partnerships with property developers to generating cash in [...]
Card fees for paying for London taxis removed for all passengers April 5, 2016 Those using cards to pay for their London taxis will no longer have to pay a surcharge, in a move that will help keep the industry competitive against the likes of Uber. The move means passengers should never pay more than the amount shown on the meter due to the method of payment that is used. [...]
Tube strike: Hammersmith and City line RMT drivers in dispute with “overbearing management” April 4, 2016 A Tube strike could be on the cards after Hammersmith and City line RMT drivers entered a dispute over what it calls an "overbearing management team". The RMT union said that there had been a breakdown in industrial relations, and the National Executive Committee has advised that it is now in dispute. The National Executive [...]
Presented without comment: These are Britain’s cheapest cities for train travel April 1, 2016 The cost of train travel varies hugely depending on where you live in Britain, according to research released today – and although Londoners love nothing more than to complain vociferously about how much their train fares set them back, it turns out the cheapest places for train commuters are big cities. Glaswegians pay the least for their [...]
The Tesla Model 3 has finally been unveiled: Here’s what Elon Musk has told us so far April 1, 2016 After the kind of hype (not to mention queues outside stores) only Apple tends to create, it's finally here: in the wee hours of this morning, Elon Musk unveiled Tesla's "car of the people" – the Model 3. Musk said the car is the "next logical step" of Tesla's "secret master plan" to make the [...]
Takata’s share price is crashing as airbag recall balloons March 30, 2016 Shares in Japanese airbag manufacture Takata have slumped after the supplier warned the recall of its airbag inflators, fitted into millions of cars around the world, would exceed earlier estimates. The total cost of the recall is expected to come in at 2.7 trillion yen (£16.6bn), £5bn more than analysts at Jefferies had previously estimated. Takata, it [...]
General Motors given the go-ahead to acquire driverless car startup Cruise Automation March 28, 2016 The Federal Trade Commission has green-lighted General Motors' purchase of Cruise Automation, a Silicon Valley startup that makes the technology behind self-driving cars. The FTC and Justice Department has granted the transaction "early termination", or quick antitrust approval. The acquisition of Cruise Automaton – which has only 40 employees – has been reported to be worth over $1bn in [...]
Uber boss Travis Kalanick says IPO is not on the near-term agenda March 28, 2016 Uber's chief executive Travis Kalanick has stated there are no plans to float the company on the stock market in the near future. The ride-hailing app firm's boss and co-founder told CNBC that he is "going to make sure [an IPO] happens as late as possible", adding that a flotation is definitely not going to happen [...]
Shares in African budget airline Fastjet closed down over 10 per cent yesterday following EasyJet owner’s warning letter March 24, 2016 Fastjet's share price plunged yesterday, dropping by 10.95 per cent to close at 30.50p. The stock dipped on the first day of trading since Easy Group owner Sir Stelios Haji-Ioannou sent a letter to the African budget airline, threatening legal action over a series of alleged licence breaches. Easy Group – parent company of EasyJet – [...]
