Stop him now: Tesla shares go down as CEO offloads another $700m November 12, 2021 Tesla’s shares have gone down from $1,069 in premarket trading to a $1,047.50 opening price, after chief executive Elon Musk offloaded a further $700m worth of stocks. Early in the week, Musk had sold $5bn of his shares as a result of a poll held last week where the extravagant billionaire asked his 63.4 million [...]
BREAKING: Competition watchdog probes capacity sharing deal between P&O Ferries and DFDS November 12, 2021 A capacity sharing agreement between P&O Ferries and DFDS is being probed by the UK competition regulator. In May, the two ferry operators entered a mutual space charter agreement on the Dover-Calais route in an effort to shorten freight customers’ waiting times. The agreement was also intended to help improve the flow of traffic on [...]
Amazon enters London bus market as it starts running four lines November 12, 2021 Amazon has entered the London bus market, providing services for employees and contractors. The e-commerce giant has four routes – which are run by contracted operators – to connect London to the outskirts where most of its warehouses are located, according to a MyLondon report. Unlike TfL buses that are red, have the logo and [...]
Will the ‘Tesla of aviation’ convince critics net-zero flying is not just a fairytale? November 12, 2021 Firms like Aura aero have their doubters. UK environmental NGO the Aviation Environment Fund (AEF) thinks efforts to develop green aviation and zero-carbon technologies such as sustainable aviation fuels and hydrogen or electric aircraft will not help by themselves the industry reach its net-zero target. “Our politicians seem to be living in a fairytale world [...]
Transport charity calls on the government to abolish Friday rail peak fares November 12, 2021 Transport charity Campaign for Better Transport is calling on the government to abolish the Friday peak rail fares to encourage people to go green and travel by train. Instead of relying on 2040 road-based targets, the government should make rail as a key component of its decarbonisation plan, discounting seasonal tickets and freezing rail fares [...]
Night tube drivers plot series of strikes later this month November 11, 2021 Tube workers are calling a strike action over the reopening of Night Tube services, the National Union of Rail Maritime and Transport Workers (RMT) announced. The union has cited “the imposition of unacceptable and intolerable demand” made by Transport for London (TfL) as the main reason for the strike action, saying it made efforts to [...]
Boeing admits its software caused Ethiopia 737-Max crash but refuses to pay families a penny November 11, 2021 Boeing has reached a settlement with the families of 157 people killed when a 737-Max aircraft crashed in Ethiopia in March 2019. The plane manufacturer has accepted responsibility for Ethiopian Airways flight 302 losing control shortly after take-off from Addis Ababa Bole International Airport. The plane crashed into a nearby town. There were no survivors. [...]
London Assembly call on mayor to reopen the Night Tube in full November 11, 2021 The London Assembly has called on the mayor to set a timeline for reopening Night Tube services in full after more than 150,000 Londoners signed a petition. London Assembly member Emma Best said: “Sadiq Khan must fully reopen the Night Tube; two lines are simply not enough to keep women, girls and vulnerable Londoners safe [...]
Boeing reaches agreement with families of Ethiopian Airlines’ victims November 11, 2021 Boeing has reached an agreement with the families of the 157 people that died aboard the Ethiopian Airlines’ 737 Max in March 2019. According to court documents in Chicago, the aircraft manufacturer has accepted liability for the crash – which was caused by a failure in the technology that brings the aeroplane’s nose down. In [...]
Uber fares to jump 10 per cent in London November 11, 2021 Uber will increase prices by 10 per cent for Londoners, in an effort to woo drivers back to the ride hailing platform, according to reports. The blanket rise marks the first time Uber has raised its prices in London since 2017, according to the Evening Standard, which first reported the news. Drivers were reportedly told [...]
