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Plymouth and South Devon submit freeport business plan to Government
The outline business case for Plymouth and South Devon’s tax-break freeport has been submitted to the Government and the area is now expecting a multi-million pound bonanza. The plans aim to create what will be called a Plymouth and South Devon Freezone, and which is hoped will unlock huge public and private sector investment and …
Business
Sky News
Omicron variant ‘highly infectious’ and COVID booster jabs may need ‘double’ dose, says Moderna CEO
The head of drugmaker Moderna said he believes the Omicron variant is “highly infectious” and it is “highly possible” the effectiveness of vaccines is decreasing – adding that boosters may need a “double” dose to provide the best protection.Chief executive of the COVID vaccine creator Stephane Bancel said the new strain is overtaking Delta in …
Business
Business Live
Key points expected from Boris Johnson’s Downing Street Omicron press conference today
Boris Johnson is set to give a Downing Street press conference this afternoon as new measures are introduced to curb the spread of the new Omicron variant of Covid 19. The Prime Minister is expected to speak about the new face mask rules which came into effect at 4am today and the rollout of the …
Business
Sky News
UK competition regulator tells Meta to sell GIF library Giphy
Facebook’s owner Meta has been issued a legally binding order to sell the GIF library Giphy after an investigation found the takeover “could harm social media users and UK advertisers”.The Competition and Markets Authority (CMA) launched an in-depth investigation into the deal in April after raising a number of concerns. It subsequently warned of the …
Business
Business Live
North of Tyne Green New Deal Fund launched in bid to create low carbon jobs
An £18m fund that aims to help North East companies create jobs in the green economy has been launched. Businesses, public sector organisations and community groups in Newcastle, Northumberland and North Tyneside can access grants, loans and equity investment form the North of Tyne Combined Authority’s Green New Deal Fund. The scheme will run for …
Business
Business Live
Cornish firm wins support to develop anchoring system for floating wind turbines
A Cornish company has won backing to develop a system for anchoring floating wind turbines to the sea bed. Marine-i, the marine tech R&D support organisation, is providing support to offshore specialist Reflex Marine, which is working on developing a new way of anchoring floating offshore wind (FLOW) installations called JAVELIN. The Truro-headquartered company said …
Business
Evening Standard
Easyjet results: Losses top £2 billion in two years as fears about travel grow due to Omicron
EEasyjet plunged to its second billion-pound loss in two years today and warned that Omicron is already hitting bookings as consumers take fright.Like all airlines, the low-cost carrier has endured a brutal time during the pandemic but had hoped it was through the worst until the emergence of the latest Covid variant.It made a loss …
Business
Sky News
EasyJet sees softening of bookings as COVID restrictions grow amid Omicron uncertainty
EasyJet has told investors it is expecting passenger numbers to return to pre-pandemic levels next summer despite uncertainty over the winter months ahead as coronavirus restrictions grow across Europe.The no-frills carrier said it had seen early signs of a softening of bookings amid the emergence of the Omicron variant but it was too early to …
Business
Sky News
Fuel retailers making ‘shocking’ 19p a litre profit after failing to pass on oil price cut, RAC warns
Fuel retailers should be scrutinised by the government if they fail to cut prices, the RAC has suggested.The motoring organisation said petrol and diesel prices remain high despite a reduction in the wholesale price of oil. It believed retailers were overcharging by as much as 12p per litre for petrol and 10p per litre for …
Business
Evening Standard
Twitter co-founder Jack Dorsey resigns as chief executive
Jack Dorsey has resigned as the chief executive of Twitter posting a message to the platform that it was “finally time for me to leave”.In a statement posted to his personal Twitter account, Mr Dorsey said he was “really sad… yet really happy” to be leaving the firm he co-founded in 2006.Confirming his replacement would …
Business
Sky News
Travel firms update rebooking and refund policies after restrictions tightened
EasyJet and TUI have updated their policies on rebooking flights and holidays after travel rules were changed to prevent the spread of the Omicron COVID variant.From 4am on Tuesday all arrivals into the UK will have to take a costly PCR test on day two – with the cheaper lateral flow tests no longer valid …
Business
Euro News
Twitter’s Jack Dorsey steps down as CEO after 16 years at the social media giant

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