Green infrastructure funding ‘must be unlocked’ to meet climate change targets November 20, 2019 The global infrastructure system is in need of an “unprecedented” overhaul if governments are to meet global climate change targets, a new report has warned. Research by TheCityUK and Imperial College Business School today revealed that current investment in low-carbon infrastructure is well below the required level. Read more: Labour mulls carbon finance crackdown as [...]
Talks continue between RMT and South Western Railway over December strikes November 19, 2019 Crunch negotiations between RMT union and South Western Railway took place today, in a bid to avert 27 days of strikes over the Christmas period. Union bosses and the rail franchise are still clashing over a dispute involving the role of guards on trains. Drivers and guards will strike from 2 December until the New [...]
Easyjet becomes first major airline to go carbon neutral November 19, 2019 Easyjet has become the world’s first major airline to offset all carbon emissions given off by its flights, as the aviation industry comes under mounting pressure to reduce its environmental impact. The budget carrier said the measure, which involves stopping deforestation in South America, installing solar panels in India and reducing wood-burning water sanitation in [...]
Ride-hailing app Kapten unveils London-first electric fleet November 19, 2019 Ride-hailing app Kapten has launched a fully electric fleet of vehicles, marking a London-first. Kapten launched its “electric class” fleet today, making it the first ride-hailing app in London to have an electric option on its app. Read more: Riding by: Kapten’s new CEO plots out the company’s future It consists of 1,100 battery electric [...]
Department for Transport signs up to Google Cloud in move that lessens reliance on AWS November 19, 2019 The Department for Transport (DfT) has awarded a major contract to Google, after previous criticism that Whitehall relies too much on Amazon Web Services (AWS). The DfT has awarded the search giant a contract to become its data cloud provider from 2020. Read more: Google Cloud buys analytics firm Looker for £2.6bn Google Cloud will [...]
Boeing gets orders for 50 more grounded 737 Max jets from Kazakh airline November 19, 2019 Boeing’s grounded 737 Max received another vote of confidence today, as airlines announced plans to order up to 50 of the jets worth $6bn at list prices. Kazakhstan’s flag carrier, Air Astana, has signed a letter of intent to buy 30 of the 737 Max 8 planes, which are banned from global airspaces after two [...]
Easyjet boss bullish about package holiday move, despite tumbling profit and ‘difficult’ aviation market November 19, 2019 Easyjet has unveiled a new-look package holiday business just months after the collapse of Thomas Cook, despite profit plunging more than a quarter over the last year. The budget flyer said the new business, Easyjet Holidays, will launch in the UK just in time for customers to pencil in a Christmas getaway, with bookings open [...]
Politicians need to take the brakes off e-scooters for a greener commute to work November 19, 2019 If you are stuck in traffic, watching another diesel taxi go past, you won’t be alone in wishing for cleaner ways to travel around London. New research shows that nearly 70 per cent of people don’t think politicians are doing enough to encourage alternative, environmentally friendly transport options. So, what are these alternatives? Right now, [...]
Ex-Stobart boss courts City heavyweights to back Eddie Stobart rescue bid November 18, 2019 Former Stobart boss Andrew Tinkler is reportedly lining up heavyweight City support for his proposed financing package for struggling haulier Eddie Stobart. Morning Wire revealed yesterday that Tinkler was putting together a £75m financing package for the ailing firm and had the backing of 11.8 per cent shareholder the Stobart Group. “Shareholders do take my [...]
Volkswagen cuts forecasts amid downturn in passenger car demand November 18, 2019 German car maker Volkswagen has cut its forecasts for operating profit and sales growth because of a downturn in demand for passenger cars. “It is fair to say that the very best of the party is over,” chief financial officer Frank Witter told analysts. Volkswagen has become the latest automotive giant to warn that the [...]