Canada Corporation unveils plans to pedestrianize areas around Bank Station March 29, 2021 Canada Corporation has today unveiled proposals to pedestrianize areas around Bank Tube Station to make the busy junction safer for walkers and cyclists. Under the plans revealed this afternoon, Threadneedle Street could be closed for motor vehicles between Bank Junction and Bartholomew Lane in both directions to create a walking and cycling [...]
Cazoo confirms it will go public in merger with US SPAC March 29, 2021 Cazoo has agreed to a deal with a New York-listed SPAC in a deal which values the online used car platform at $7bn. The company, which was founded by serial entrepreneur Alex Chesterman in 2018, will merge with Ajax I, a blank-cheque vehicle led by billionaire investor Dan Och. The deal, which will see Cazoo [...]
Transport for London to face funding squeeze as journey numbers will ‘never hit pre-Covid peak’ March 29, 2021 Transport for London to face funding squeeze as journey numbers will never hit pre-Covid peak
Uber launches electric option in London at no extra cost March 29, 2021 Uber customers will now be able to request an electric vehicle for the first time as the ride-hailing app looks to become fully electric by 2025. Launching today Uber Green will give passengers in Zone 1 the opportunity to request an electric vehicle at no extra cost. The journey will cost the same as a [...]
Eurostar in crunch talks with lenders over £400m debt pile March 28, 2021 Eurostar is in emergency talks with its lenders to avoid collapse as the deadline for the repayment of its £400m debt pile nears. Passenger numbers on the Eurostar have plummeted 95 per cent since March as coronavirus restrictions have battered international travel. The service is currently running just one service a day to both Paris [...]
Government mulls four-tier traffic light system for summer travel March 27, 2021 The government is said to be considering a four-tier traffic light system that could allow Brits to travel abroad for summer holidays this year. The prime minister’s global travel taskforce is weighing up plans submitted by Heathrow Airport that includes an ‘amber’ three-day quarantine option. The proposals also include an extensive testing regime designed to [...]
Norwegian Air restructuring plan approved in Irish court March 26, 2021 Norwegian Air today saw its restructuring plan approved in Irish court, clearing the way for the embattled airline to come out of bankruptcy protection. Under the plan, the carrier will cut its fleet back to 50 planes and stop long-haul services, cutting 2,000 jobs in the process. Speaking in the Irish High Court today, Justice [...]
Fireball stuns onlookers in Seattle as SpaceX rocket burns in atmosphere March 26, 2021 Onlookers have said they briefly thought “aliens were finally here” after a falling SpaceX rocket lit up the skies over the United States’ Pacific Northwest. The Falcon 9 second stage rocket drew awe from onlookers in Seattle as it burned up in the Earth’s atmosphere shortly after 9pm on Thursday. Front desk supervisor Eberton Paul [...]
Virgin Atlantic launches two ‘vaccine passport’ trials March 26, 2021 Virgin Atlantic today said that it would launch two parallel digital health certificate – or “vaccine passport” – trials as more carriers turn their attention to restarting international travel. The Sir Richard Branson-founded airline said it would trial global aviation body IATA’s smartphone app on trips from the UK to Barbados from 16 April. It [...]
Volkswagen to seek damages from former chairman over dieselgate March 26, 2021 Volkswagen today announced that it would seek damages from its former chairman Professor Marin Winterkorn, as well as former Audi chair Rupert Stadler, over its diesel emissions scandal. The crisis, which exploded when the firm admitted in 2015 it had rigged emissions tests in the US, has cost the car giant €32bn (£27.4bn) in fines [...]