Carnival shareholders told to oppose $15m pay bonanza for cruise boss April 3, 2022 Cruise ship operator Carnival has scrapped its pay rules to dish out a bonus worth $15m (£11.4m) to its chief executive, in a move set to infurirate shareholders. The owner of P&O Cruises granted a $6m bonus to Arnold Donald, despite standard performance criteria not being met, The Sunday Times reported. The cruise boss was [...]
Kremlin provides £919.3m for domestic aviation following West sanctions April 2, 2022 The Kremlin announced today it would provide 100bn roubles (£919.3m) to help the Russian domestic aviation market as the sanctions imposed by the West continue to bite. President Putin said in a televised address that domestic flights should become cheaper for Russian and that the share of Russian-made aircraft should increase. Aviation was one of [...]
Not just electric cars: Super SOCO and the rise of e-mopeds April 2, 2022 Electric cars have dominated the discourse around sustainable mobility for some time now. Not only did the UK Government recently pledge to ban the sale of all fuel cars from 2030, but manufacturers have also jumped on the bandwagon and started mass producing electric vehicles. According to data from the Society of Motor Manufacturers and [...]
UK impounds another jet with links to Russia April 2, 2022 The UK has impounded another jet linked to Russia and prevented it from flying, transport secretary Grant Shapps announced today. “This morning I’ve prevented the use of another jet that has links to Russian oligarchs,” Shapps tweeted. “We won’t stand by and watch those who’ve made millions through Putin’s patronage live their lives in peace [...]
Ferry passengers at Dover face disruption as queues multiply due to bad weather April 2, 2022 Passengers at Dover are facing disruption as queues on ferry services multiply due to the bad weather. “Due to adverse weather conditions, we are currently experiencing delays on all of our crossings,” said ferry operator DFDS via Twitter. “To our customers already checked in at our ports, please proceed as normal. On your arrival at [...]
Criminal probe launched against P&O over sacking of 800 seafarers April 1, 2022 The Insolvency Service has launched criminal and civil investigations into the sacking of nearly 800 seafarers by P&O Ferries. Transport Secretary Grant Shapps wrote on Twitter: “The Insolvency Service has reviewed P&O Ferries’ actions and placed it under criminal investigation for its actions. “Peter Hebblethwaite stood before MPs and admitted to breaking the law, and [...]
Bloody Friday as cost of living onslaught starts for millions: Steepest rise in household bills in living memory begins today April 1, 2022 Today has been dubbed National Price Hike Day, when government bodies and private firms traditionally announce the increases in the cost of goods and services. This year, energy costs are set to skyrocket, with the cheapest energy tariff for a medium user surging to £1,971 – a staggering 118 per cent increase year on year. The [...]
Government says it will not review VAT for EV public chargers March 31, 2022 The UK Government announced today it will not review the VAT rate for electric vehicle (EV) charging points despite stakeholders calling for a policy change. “VAT makes a significant contribution towards the public finances, raising around £130bn in 2019/20, and helps fund the government’s priorities including the NHS, schools and defence,” said Exchequer secretary Helen [...]
Stellantis to close Russian van plant as supply chain issues bite March 31, 2022 Automotive giant Stellantis said today it will be forced to close its Russian van plant following a shortage of parts. Operating only for the local market, the facility is situated in the western city of Kaluga and was run in partnership with Mitsubish. The world’s fourth-largest car maker didn’t specify whether it would write down [...]
Tesla extends production halt at Shanghai plant following city lockdown March 31, 2022 Tesla extended its production halt at a Shanghai plant for at least one more day, as the city was posed under a two-stage lockdown from earlier this week. The lockdown – which ends tomorrow for the eastern part of the city – initially allowed Tesla to resume production on Friday. But according to the latest [...]