Spanish operator Renfe to operate Paris – London service to rival Eurostar October 26, 2021 Spanish rail operator Renfe is reportedly seeking to operate a new service between Paris and London, initiating talks with the Spanish ministry of Finance to be granted permission, el Pais reported. The company is expected to take advantage of the slots in the tunnel under the Channel, capitalising on the high passenger demand for the [...]
Hostelworld revenue dives against restrictions but travellers begin to return August 11, 2021 Online travel agent Hostelworld has had its revenue plummet 76 per cent in the past six months, as the group was significantly bruised by Covid-19 travel restrictions. Net revenue fell from €12m in the first half of last year to just €2.9m this year. Total bookings have also sunk by 73 per cent from a [...]
More economists warn of cost of living crunch’s drag on UK growth February 8, 2022 The squeeze on households’ living standards from the cost of living crunch will drag on the UK economy this year, reveals fresh forecasts published today. A triple whammy of Inflation topping seven per cent, a heavier tax burden and swelling energy bills is set to erode consumers’ real incomes, prompting a pull back in spending, [...]
Davos has always been riding on a high but it’s in the grip of a downhill spiral February 13, 2023 For decades, political and business leaders have gathered at Davos, but the World Economic Forum has started to lose its shine, writes Eliot Wilson
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 [...]
Credit Suisse accused of helping cocaine traffickers launder millions of euros February 7, 2022 Credit Suisse faced charges in a Swiss court today of allowing a Bulgarian cocaine trafficking gang to clean millions of euros of dirty money, adding to the long list of scandals that have ensnared the Swiss lender. Swiss prosecutors are seeking to secure 42.4m Swiss francs (£33.8m) in damages from Credit Suisse. Prosecutors have accused [...]
Dakar Rally: World famous event begins today in Saudi Arabia January 1, 2022 Today will see the world famous Dakar Rally begin its latest edition in Saudi Arabia for the third time. The 12-stage race will see competitors race from Ha’il in the north of the Kingdom and finish in Jeddah, the site of the recent Saudi Arabian Grand Prix. The Rally will see qualifying begin today with [...]
Dr Martens posts kicker revenue despite price rises and supply concerns June 1, 2022 Shares are up over 25 per cent this morning for Dr Martens after the iconic boot maker posted a strong performance in Americas and EMEA, with reported revenue up 29 per cent and 19 per cent respectively for the full year.
White House gives coveted US-UK corridor the green light to double jabbed travellers October 15, 2021 The White House has reportedly confirmed that it will lift Covid-19 travel restrictions for vaccinated travellers entering the country from November 8. Those flying into the US will need to show proof that they have had both jabs, as well as having a negative coronavirus test with three days of departure, a White House official [...]
Military veterans step up to support the jabs effort January 21, 2022 The pandemic, though tough, has brought out the best in Britain – from clapping our NHS staff way back in the first lockdown to volunteers coming forward to help with the vaccination effort. It’s hardly surprising that front of the queue offering to help support the vital booster jabs effort are veterans of the Armed [...]