Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Biggest rail strike in 30 years halts transport

Published

on

The UK has ground to a standstill as the first day of the biggest railway strikes in 30 years paralyse the nation

Rail and Maritime Union workers are protesting against stagnating pay, and the right to negotiate with their employers

But Boris Johnson is saying the country must “stay the course”

If you were planning on going anywhere in the UK today.

You’d have gotten nowhere fast.

Day one of the biggest railway worker strike in 3 decades saw services across the nation slashed to around 20 per cent of normal operations.

A separate 24 hour strike on London’s underground network coincided with the nationwide strikes.

As well as the Elizabeth Line, and national routes across the country.

Scotland and Wales saw swathes of non-service.

Cornwall in England saw no train services at all.

Boris Johnson said without modernisation, rail companies risked going bust and urged companies and unions to come to an agreement.

While this strike is largely between Britain’s rail companies and the unions, The government has still been criticised for not doing more in talks to avoid the strikes.

Workers are saying that rising costs of living mean pay rises are well below inflation that it effectively means a pay cut regardless, and want to be able to bargain collectively against that and job cuts.

This strike has seen major frustrations.

Especially with the unusual alternate day schedule on Tuesday, Thursday and Saturday.

Wednesday is a non-strike day, but flow on effects are expected to bleed from strike days anyway, with capacity and services expected to go not much further than 60 normal capacity on Wednesday.

Meanwhile in air travel misery.

The UK has temporarily relaxed airport landing slot to give airlines more flexibility as they face thousands of delayed and cancelled flights due to staffing shortages.

Not due to the strike – but happening concurrently.

Not a good time to travel anywhere in the UK.

Continue Reading

News

SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

Published

on

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


Download the Ticker app

Continue Reading

News

Senate passes deal to end historic shutdown

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

Published

on

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.


The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.

The package funds key departments through January while adding new privacy safeguards for lawmakers.

#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill


Download the Ticker app

Continue Reading

News

Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

Published

on

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

video
play-sharp-fill
In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.
Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.
Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.Banner

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.


Download the Ticker app

Continue Reading

Trending Now