London boost for Lime as Uber includes e-scooters offering April 22, 2022 Lime e-scooters are available to hire via the Uber app, the two companies announced today. The e-scooter offering – available for Londoners and those living in Milton Keynes – follows that of e-bikes, which already already available on the app. Prices will start at £1 to unlock, charing between 15p and 19p per minute to [...]
Post-Brexit travel: New £200 ‘Global Britain tax’ on flights to destinations more than 5,500 miles from UK April 21, 2022 Government plans for a new so-called ‘Global Britain tax’ will make it harder and more expensive for British businesses and investors to forge important new relationships with markets outside Europe, with up to £200 in additional taxes being put on the cost of flights, business leaders warned today. In fact, passengers flying to fast-growing destinations [...]
Number of EV public chargers goes up but industry calls for more rapid ones April 21, 2022 The number of electric vehicle (EV) public chargers has gone on January levels, according to Department for Transport’s (DfT) latest data. Figures published today revealed that as of 1 April, there were 30,290 EV public chargers across the country, with 5,494 being rapid ones. The number of both normal and rapid ones increased by 7 [...]
Coastguard inspects another two P&O ships as company hopes to set sail soon April 21, 2022 The Maritime and Coastguard Agency (MCA) announced today it was inspecting another two of P&O’s ships as the company hopes to resume normal operations soon. MCA agents said they were inspecting the European Highlander, which operates on Northern Ireland to Scotland routes, and the Norbay, which serves Liverpool to Dublin. “Our surveyors are carrying out [...]
Elon Musk’s empire on a roll: Tesla reaps record profits as The Boring Company raises £515m April 21, 2022 Elon Musk’s empire seems to be on a roll, as Tesla wins the hearts of drivers looking to go green and his infrastructure business The Boring Company catches the eyes of investors. The Boring Company has raised $675m (£516m) in its latest funding round, Musk announced today, bringing the valuation to $5.7bn. The series C [...]
Global travel and tourism to create 126m jobs by 2032 April 21, 2022 The global travel and tourism industry is set to create 126 million jobs within the next decade, according to a report published today. Data from the World Travel and Tourism Council (WTTC) has reported the sector’s GDP will grow at an average rate of 5.8 per cent annually between 2022 and 2032 – 3.1 per [...]
TfL workers to vote for strike action amid pension feud April 21, 2022 Transport for London (TfL) and London Underground workers are expected to vote whether to go on strike over pension cuts. Members of the union Unite accused TfL of cutting their pensions and putting an end to the final salary scheme – which bases the amount workers receive as pension on the salary they earned when [...]
Brexit and pandemic onslaught have altered UK workforce with highest-ever number of non-EU workers April 21, 2022 UK, EU and non-EU payroll data varied drastically during the course of the pandemic, according to fresh data sent to City PM this morning. While the UK entered the first lockdown in March 2020 with payroll numbers at 25.7m that then dropped to 24.9m by March 2021, non-EU payroll saw figures at 2.12m in March [...]
Tesla posts record profits as Elon Musk stands to gain $23bn windfall April 21, 2022 Tesla has seemingly won the hearts of drivers looking to go green, as rising prices has stopped short of putting off consumers from making the leap. Elon Musk’s electric vehicle (EV) company enjoyed record profits of $3.3bn (£2.5bn) in the first thee months of the year, despite inflationary headwinds. In its first quarter update published [...]
BHP: Mining giant slashes production guidance for copper and nickel April 21, 2022 Australian metals firm BHP has announced it is reducing total copper and nickel production for the full year yet is on track with previous iron ore estimates. In a nine month trading update on the London Stock Exchange, BHP said its production guidance for the 2022 financial year remained unchanged for iron ore, metallurgical coal [...]
