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Calls to extend Glasgow underground hours after COP26

Campaigners worried about women's safety want the underground to stay open beyond 18:00 on Sundays.

British Airways owner IAG warns of approaching £3bn annual loss [Subscription]

The owner of British Airways will plunge to losses of €3 billion this year, despite getting its flying schedule back up to more than half the levels it was operating before the pandemic.

Saturday, 06 November 2021

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  • China, shipping and Brexit: why UK may face Christmas toy shortageTo get on to shelves, Chinese-made items must overcome shortfall in electricity and workers, as well as shipping crisisAt a toy factory in south-east China, boxes of plastic dart guns are stacked across the floor. Sometimes, so many packages pile up that they stretch into the production area, slowing the work of making more toys.What to do with all the blaster guns, which have been sold to retailers in the UK but cannot find room on ships to get them there, is a problem for Nick Mowbray, the co-founder of Zuru Toys. The company expects to generate about $1.1bn (£815m) in revenue this year than...
  • Suez Canal to raise fees, heaping pressure on global supply chainsWith shipping industry still recovering from Ever Given crisis, transit tolls are increasing by 6% The Suez Canal Authority is increasing the fees it charges ships passing through the critical waterway, in a move expected to pile further inflationary pressure on global supply chains. It will seek to capitalise on the recovery in cargo trade by raising its transit tolls by 6% from February, 11 months after the canal was blocked for nearly a week by the Ever Given container ship. About 12% of international trade passes through the canal, which is the shortest maritime route between Asia and Euro...

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  • Rail’s growth agenda evaporates as Treasury takes controlUK: As the COP26 climate summit opens in Glasgow, following the UK government’s Comprehensive Spending Review, fears are growing across the rail industry that Treasury pressure on cost and revenue will lead to a smaller railway emerging in the post-pandemic era. Having spoken to a range of senior figures across the industry over recent weeks, almost all on condition of anonymity, Rail Business UK can confirm widespread concern that significant investment spending is coming to an end after three decades of growth in rail use, with potentially significant implications.

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