Tesla’s market value tumbles below $1tn after Musk’s offloading November 15, 2021 Tesla’s market value has fallen below $1tn for the second time in four sessions, after investors reacted to chief executive Elon Musk’s offloading $6.9bn worth of shares. Following a $187bn loss in market value over the last week, the company dropped below $995.75, losing its $1tn status. Tesla’s shares bottomed to $983.25 this morning – [...]
Children injured after ceiling collapses at school in Dulwich November 15, 2021 A number of children have been taken to hospital and others were treated at the scene after a ceiling collapsed at a school in Dulwich this morning, the London fire brigade said. A ceiling collapsed on the second floor of a school on Thurlow Park Road in Dulwich this morning, and a number of people [...]
Around 180,000 jobs could be lost if travel restrictions return, travel council warns November 15, 2021 Around 180,000 jobs could be lost across the UK travel and tourism sector this year if travel restrictions are re-imposed this winter. Data from the World Travel and Tourism Council (WTTC) has revealed that up to 500,000 Brits could see their job at stake if wider measures to stop the spread of Covid-19 – including [...]
Bold move to take on Uber: Bolt to allow London drivers to set their own prices November 15, 2021 In an attempt to tackle driver shortages which have led to longer wait times and increased cancellations across the ride-hailing sector, Uber’s main rival in the capital, Bolt, said this morning it will allow drivers to set their own prices. Drivers often accept journey requests but then reject them after receiving more profitable options, Bolt [...]
Virgin Atlantic back at Gatwick after U-turn November 15, 2021 Virgin Atlantic could go back to operating from Gatwick airport from next summer after a 18-month hiatus. After being forced to leave the Sussex hub during the peak of the pandemic, the carrier has confirmed Gatwick flights will resume, the Times reported. “We maintain our ambition to rebuild our presence at Gatwick as demand returns, [...]
‘I am truly sorry’: Michael Gove apologises for leaks over Grenfell demolition plans November 15, 2021 Michael Gove, the Housing Secretary, has made an apology for leaked reports about Grenfell Tower being prepared for demolition, and vowed that the tragedy-hit community will be consulted about building’s future. The Sunday Times in September reported that ministers were set to announce the razing of the charred tower, four years after a deadly blaze [...]
Wizz Air to buy up to 196 Airbus A321 November 14, 2021 Wizz Air has announced the purchase of 102 Airbus A321 aircraft – divided between 75 Airbus A321neo and 27 Airbus A321XLR – that will be delivered between 2025 and 2027. It follows Airbus’s forecast that up to 39,000 new aircraft will be built by 2040, as a result of increasing passenger numbers as well as [...]
Supply chain crisis could last until 2023, UK ports warn November 14, 2021 The supply chain crisis could last up until 2023, Associated British Ports (ABP) – the UK’s biggest port operator – has warned. ABP’s chief executive Henrik Pedersen, told the Sunday Times: “When you have congested container ports around the world, it takes a very long time to turn it around. We have a shortage of [...]
Airbus predicts 39,000 new planes will be built by 2040 November 14, 2021 Aircraft manufacturer Airbus is predicting that around 39,000 new planes will be built by 2040 as passenger traffic and the need for replacing old models increase. Out of the overall 39,000 expected, 15,250 aircraft will be destined to replace less fuel-efficient models. This will result in the majority of commercial planes in operation becoming fuel-efficient [...]
HS2’s eastern to be scrapped while northern railways get £100bn November 14, 2021 Transport secretary Grant Shapps is expected to face criticism over the rumoured decision to scrap HS2’s eastern leg that would connect Birmingham to Leeds. Announcing the outcome of the Rail Integrated Plan on Thursday, Shapps is likely to confirm the decision, while setting forth an almost £100bn investment in the English railway network, the Sunday [...]