Households in colder parts of country could receive heating support boost January 11, 2022 Families in colder areas of the country may receive more government financial support for heating costs this winter. The Treasury is reportedly mulling giving more cash to areas that are forced to use heating more, as energy bills have skyrocketed in recent months. The idea is being considered ahead of a package of measures to [...]
Boeing snatches Airbus crown on adjusted order basis January 11, 2022 US plane manufacturer Boeing has snatched Airbus’s crown as the world’s largest aircraft maker on an adjusted order basis. While the European plane maker remains the world’s largest manufacturer for the number of planes delivered, the Seattle-based company ended the year with 535 net orders while Airbus’s total amounted to 507. Boeing’s deliveries – which [...]
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
Tesla registers record sales of China-made vehicles January 11, 2022 Tesla sold a record 70,847 China-made vehicles in December, the highest number since the US company started manufacturing in Shanghai in 2019. According to data from the China Passenger Car Association, the manufacturer’s sales tripled compared with the previous year, also going up 34 per cent on November levels. The latest production influx pushed the [...]
Average used car price surges as market continues to grow January 11, 2022 The price of a used car surged 30.5 per cent year-on-year, making December the 21st consecutive month of growth for the second-hand automotive market. According to Auto Trader’s retail price index, the £17,816 average was driven by mainly by exceptional levels of consumer demand, reflected in the 27 per cent increase in visits to Auto [...]
London needs to slash car use to steer away from ‘filthy air and gridlocked roads’, says Khan January 11, 2022 London needs to slash its car use, otherwise the city faces a crisis of “filthy air and gridlocked roads”, mayor Sadiq Khan has warned. The mayor has urged for “greener means of travel”, after London was crowned the world’s most congested city late year, according to traffic information supplier Inrix. Public transport use in the [...]
HS2 trains to run on zero-carbon energy as part of green push January 11, 2022 HS2 trains are set to run on zero carbon energy from the first day of operations. The decision was part of HS2’s Net Zero Carbon Plan which, published today, sets out how HS2 Ltd intends to achieve carbon neutrality, reducing the project’s environmental impact to zero. “We know that the climate crisis demands urgent action [...]
Airbus crowned world’s largest aircraft maker for third time in a row January 10, 2022 Airbus was crowned the world’s largest aircraft manufacturer, snatching the title from Boeing for the third year in a row. Compared with Boeing’s 302 revenue-generating deliveries, Airbus shipped 611 aircraft to 88 customers in 2021, while its gross order intake doubled to 771 new sales, 507 of which net, while its US rival sold 457 [...]
Lexus increases sales despite Covid and supply chain issues January 10, 2022 Car maker Lexus has registered a 1.1 per cent increase in sales, despite Covid and ongoing supply chain issues. Toyota’s luxury division sold 13,880 vehicles in 2021, giving the car maker a 2.46 per cent share of the premium car market and a 0.84 per cent share of the full passenger car market – a [...]
TfL finance chief quits post amid financial turmoil for the London transport body January 10, 2022 Transport for London’s (TfL) chief financial officer has resigned amid the transport body’s ongoing financial turmoil. It was announced today that Simon Kilonback will leave his post and join internet provider G.Network, after working at TfL since 2009, in what is another blow to the body as it seeks to secure its financial future. It [...]
