Business

Electric Jaguars will be tested to prevent them disrupting household appliances

Jaguar Land Rover has opened a new testing center to ensure its latest breed of power-hungry electric cars don’t disrupt TV screens and smartphones. The new facility in Warwickshire will make sure electronic items are shielded from its cars and vice versa, a growing challenge as battery-powered vehicles connect to more and more data. The …

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Prepare for an interest rate shock in this new inflationary era

Yet, having underestimated the importance of these supply-side factors in the past, central banks at first missed, and then underestimated, the significance of the turnaround of these influences in recent years and continued with their hugely expansionary policies well past their sell-by date. As part of their critique, the authors contend that central banks became …

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New rail strike in August as Aslef plans another walkout

Train drivers are heaping further misery on beleaguered commuters by announcing another day of strike action in August. Members of the Aslef union announced they would walkout on August 13 in a row over pay. The union says train operators “failed to make a pay offer to help members keep pace with the increase in …

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British Airways pilots poised to launch strike action

British Airways chief executive Sean Doyle was warned during a meeting with pilot representatives last Tuesday that “only quantifiable actions… would be acceptable”, according to an email to its members last week seen by the Telegraph. “This did not occur,” the email said. British Airways pilots agreed to sacrifice a portion of their salaries to …

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Railway lines at risk from rising sea levels to be rerouted in Network Rail plan

Network Rail is drawing up plans to reroute coastal railway lines that will be swept away by rising sea levels as it speeds up its climate preparations following last week’s heatwave. The company, which owns tracks and stations across Britain, is starting to identify lines close to the coast most at risk of becoming swamped …

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Hydrogen refueling station to open on British motorway

An M6 services is to host one of the world’s first hydrogen refueling stations for lorries under plans developed by a company betting that the gas will be the future of transport. Developer Element 2 is installing the facility at Exelby Services’ Golden Fleece station on the M6 ​​in Carlisle, as well as another of …

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EDF to redesign flagship UK nuclear reactors after China shutdown

The power company charged with driving Britain’s nuclear revolution is to overhaul the design of its flagship new reactor to avoid a repeat of damage to fuel rods that forced a unit in China to shut down. EDF plans to prevent malfunctions in future by changing the way the rods are held in place. It …

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Ryanair boss attacks ‘bizarre’ UK visa rules for causing travel chaos

Michael O’Leary has clashed with Grant Shapps over the Transport Secretary’s refusal to relax immigration rules to ease travel chaos. The Ryanair chief executive attacked the Government’s “bizarre” post-Brexit policies on foreign workers that allowed him to hire staff from Africa but not mainland Europe. He said: “I can hire thousands of people in Portugal, …

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HSBC unit installs Chinese Communist Party committee

Earlier this year, the bank’s biggest investor, the state-run Chinese insurer Ping An, called for HSBC to be split into eastern and western units, arguing that it would be impossible to straddle both regions in the coming years. Seven global banks have investment banking operations in mainland China, including HSBC, Goldman Sachs, JPMorgan, Credit Suisse, …

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