Elon Musk offloads another £2.9bn of Tesla shares sparking investors’ fury December 15, 2022 Elon Musk has offloaded a further $3.6bn (£2.9bn) worth of Tesla shares, sparking the fury of several investors. The serial entrepreneur announced late last night he relinquished 22 million of the EV giant’s shares between Monday and Wednesday. The $3.6bn sale is the second time Musk has sold part of his stake in the company [...]
Chaos at Heathrow averted as ground handlers suspend 72-hour strike December 15, 2022 Chaos at Heathrow has been averted as ground handlers u-turned and called off a 72-hour strike following an eleventh-hour deal. Members of the union Unite working for aviation firm Menzies have decided to call off tomorrow’s walkout after receiving an improved pay offer. “As an act of goodwill, the strike action scheduled to begin tomorrow [...]
Platform staff accept Network Rail’s pay offer December 15, 2022 Platform staff at Network Rail are getting closer to ending their industrial dispute after members of the union TSSA accepted a pay increase. The union – which didn’t have any strike action planned after calling off its walkout on 17 December – said 85 per cent of members voted in favour of the proposal. As [...]
No10 confirms strike-busting bill paused as ministers look to broaden scope December 15, 2022 No10 has confirmed that its bill on guaranteeing minimum service levels during strike days is being paused as ministers look to broaden its scope. “Essentially we’ve paused that bill and are looking at adding additional measures to it to widen its scope,” said the Prime Minister’s spokesperson. “We haven’t set out exactly the scope of [...]
Train now pay later: Tui launches first fully-funded pilot training in UK December 15, 2022 Tui has launched its first fully-funded cadet training programme in the UK, accepting up to 30 aspiring pilots from September 2023. The 19-month course will be entirely paid by the holiday group, which will later reclaim costs from pilots’ salaries for the first four years of employment. The deducted pay will be at £32,867 post [...]
Avanti West Coast’s incompetence is giving business a bad name December 15, 2022 The reputation of business and market capitalism as a whole can be battered and bruised by just one badly-performing company - like Avanti.
Government to relax the rules on airport liquids from summer 2024 December 15, 2022 Passengers will no longer need to consider how much toothpaste they’re bringing aboard planes as the UK Government is relaxing the rules on airport liquids from the summer of 2024. The limit will be increased from the current 100 ml to up to 2 litres. Putting toiletries into clear plastic bags and removing laptops and [...]
Mercedes invests €1bn to realign network for EV production December 14, 2022 Mercedes is investing over €1bn (£859m) to realign its global network for the production of electric vehicles (EV) from 2024. The German car maker has pledged to become fully electric by 2030 “wherever market conditions allow.” As part of the realignment, plants in Germany and China will continue to assemble batteries for models coming into [...]
Rail strikes: Minister Huw Merriman to hold talks with RMT and train operators December 14, 2022 Rail minister Huw Merriman is set to hold the latest round of talks with the union RMT and train operators after this week’s strike brought the UK to a standstill. Merriman will meet with union bosses as well as with train companies and Network Rail tomorrow in an eleventh-hour attempt to solve the rail dispute [...]
It’s beginning to look a lot like chaos: Rail strikes hit London as businesses shed Christmas bookings December 14, 2022 Parts of London resembled a ghost town yesterday as rail workers kicked off the first of several days of strikes. Bars in the capital warned they are haemorrhaging tens of thousands of pounds in lost bookings due to mass walkouts deterring commuters, raising the threat of businesses missing out on their third ever-critical golden quarter [...]
