Musk to defend astronomical £47.7bn Tesla pay package in US court November 14, 2022 Elon Musk is set to appear in a US court as soon as tomorrow as he is bound to take the stand and defend his astronomical $56bn (£47.7bn) pay package. The serial entrepreneur was taken to court by a company shareholder who argued that Tesla’s board – and consequently investors – was made to approve [...]
Taxing kerosene on flights could bring £6.7bn per year into Treasury’s pockets November 14, 2022 Taxing the use of kerosene on flights could bring an additional £6.7bn a year into the Treasury’s pockets, according to research. A study by NGO Transport & Environment (T&E) published today showed that airlines should be subjected to the same rules as motorists, who pay road fuel unlike carriers. “The UK is effectively a tax [...]
Climate Change & Sustainable Eye Care November 14, 2022 | City Talk The last week has seen world leaders and changemakers from around the world gather in Sharm-El Sheik in Egypt at the annual Conference of the Parties event (COP27). This year, the goal is to build upon what has been discussed and implemented at the conference since its genesis in Rio in 1992. Global Unison Enhancing [...]
Airbus chief: A China-West economic divorce remains unlikely November 14, 2022 The economic relationship between China and the West will never be truly over, Airbus’s chief executive Guillaume Faury has said. According to the chief executive, despite current economic and political tensions, the two blocks are too intertwined to sever all ties, as this would lead to a global economic collapse. “I think a breakup of [...]
Misty Monday: Dozens of flights cancelled at London airports as fog engulfs capital November 14, 2022 Dozens of flights have been cancelled over the past few hours at London airports as the fog that engulfed the capital since yesterday continues to present a risk to operations. British Airways – which was forced to cancel 15 domestic and short-haul flights to Heathrow – said it was doing everything it could to get [...]
Businesses call on Chancellor to boost regional growth by investing in tourism November 14, 2022 Businesses have called on Chancellor Jeremy Hunt to boost regional growth by investing in travel and tourism. Advocacy group BusinessLDN has called for the reintroduction of VAT-free shopping for international arrivals, as well as ramping up Border Force personnel to speed up queues at airports and ease visa processes for low-risk visitors such as children. [...]
Commuter fury as Thursday’s tube strike bleeds into Friday with mass disruption November 11, 2022 London commuters expressed fury on social media as the the impact of yesterday’s Tube strike continued into Friday with severe delays and suspensions across the whole network. The Bakerloo and Piccadilly lines reopened following both partial and total suspensions, but still experience delays. Delays are also present on the Circle, District, Hammersmith & City as [...]
Heathrow WILL NOT introduce capacity caps during peak Christmas period November 11, 2022 Heathrow has announced it will not need any capacity cap during Christmas, as the west London hub continues to work with airlines to ensure a smoother run of operations for the peak period. “We have been working with airlines and their ground handlers to prepare for the Christmas peak, and have a good plan, which [...]
Travel sector calls on Chancellor to ensure industry’s recovery in next week’s Budget November 11, 2022 The travel sector has called on Chancellor Jeremy Hunt to ensure the industry can “recover and thrive” as the UK gets ready for next week’s Autumn Statement. “Getting the right tax and policy framework would see travel businesses continue to build on a decent summer, paving the way for strong recovery, which would support jobs, [...]
Exclusive: Expedia doubles down on London as it hunts for 120 new tech brains in the capital November 10, 2022 Travel tech firm Expedia Group is planning to expand its UK operations by recruiting candidates for around 120 predominantly tech-focused roles at its London base as the travel industry rebound continues, City PM can reveal. London is one of the group’s tech hubs outside the US, with close to half of all employees in the [...]
