Musk faces fresh lawsuit as 2018 tweet comes back to bite him February 7, 2022 Elon Musk faces fresh legal challenge from the US stock market watchdog as his Twitter thread continues to cause problems for the electric car giant Tesla. In 2018, Musk tweeted that he had “funding secured” to take Tesla private, sending its share price soaring. It prompted subsequently prompted a Securities and Exchange Commission (SEC) lawsuit and [...]
London receives cap reduction in government crackdown on private parking fines February 7, 2022 London will receive a smaller overall reduction as part of a government crackdown on private parking fines which will protect motorists from “aggressive debt collection and unreasonable fees.” Under a new parking code of practice introduced by the government today, the cap for private parking fines will be cut in half, going from £100 to [...]
Green TV: NEP to power broadcast fleet with biofuels February 7, 2022 TV production giant NEP has announced it will power its UK broadcasting fleet of trucks with recycled biofuels, as part of the company’s green push. To reach carbon neutrality by 2030, NEP UK will use GD+, a hydrogenated vegetable oil (HVO) made from organic waste that will require no retrofitting of diesel engines. NEP has [...]
Brits welcomed back down under as Australia reopens its borders to vaccinated tourists February 7, 2022 Brits will once again be welcome down under after the Australian Government announced today its decision to reopen the borders to fully-jabbed tourists from 21 February. Travellers will no longer be required to quarantine upon arrival, but they will still need to present a Covid test – either PCR or lateral flow – taken within [...]
Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
Danish fund divests from Wizz Air over human and labour rights abuse concerns February 7, 2022 Danish pension fund AkademikerPension has said it will divest from low-cost airline Wizz Air over concerns of human and labour rights abuse. AkademikerPension explained that the decision to divest more than $3m was made after Wizz Air’s management failed to reassure investors about the legality of their labour and human rights practices. “The management’s behaviour [...]
British electric van maker Arrival prepares for unconventional US debut February 7, 2022 British electric van maker Arrival is preparing for its US debut, choosing Charlotte, North Carolina, as its US headquarter. The company’s new offices are set to be inaugurated next month, while production facilities – one for vans in Charlotte and one for buses in South Carolina – will open later this year. The automotive manufacturer [...]
Govia Thameslink hires more women and BAME as part of diversity push February 7, 2022 Rail operator Govia Thameslink has registered a surge in the uptake of women and Black, Asian Minority Ethnic (BAME) recruits as part of its diversity push. The group – who operates Great Northern, Southern and Thameslink – has reported that in 2021 34 per cent of new recruits were women while 27 per cent were [...]
Kindred Group lowers revenue from high-risk players ahead of government white paper February 7, 2022 Kindred Group has lowered the revenue derived from high-risk players in the UK ahead of a government’s white paper on gambling. Data showed that UK revenues from high-risk behaviours fell at a rate of 16 per cent. In the first quarter of 2021, the group’s UK earnings obtained through harmful gambling was at 5.5 per [...]