EU climate plan sets stage for an explosive rise in carbon prices – Telegraph.co.uk

Commodity traders are betting that Europe’s carbon futures will soon catapult higher as Brussels drains the glut of carbon allowances on the market. Prices are likely to smash the all-time record of €30 a tonne within months, profoundly reshaping the EU’s energy architecture  The killer detail in the European Commission’s 140-page climate impact report for…

BA boss: Firing and rehiring staff ‘off the table’ – BBC News

Image copyright EPA British Airways’ plan to get rid of cabin crew and then rehire them on inferior terms is now “off the table”, boss Alex Cruz has said. Unions and MPs had accused the airline of following a “fire and rehire” policy, which saw some employees facing pay cuts of up to 50%. Speaking…

Airport testing teams are standing idle while our Government sits on its hands – Telegraph.co.uk

These are the toughest times in the history of the aviation industry. Coronavirus has hit our business hard, and the sector is fighting for its very survival. British Airways can survive, but only if the Government will work with us, rather than against us.  In March, April and May we flew just five per cent…

Pizza Express to close 73 restaurants putting 1,100 jobs at risk, after turnaround plans approved – The Independent

Pizza Express is to go ahead with plans to close 73 restaurants across the UK with the loss of up to 1,100 jobs after creditors voted in favour of a restructuring deal on Monday. The struggling restaurant chain said 89 per cent of creditors backed its Company Voluntary Arrangement (CVA) proposals, which include reductions in…

Tech stocks slide as Wall Street goes into reverse – BBC News

Image copyright Getty Images Image caption Earlier this week Apple’s value reached $2.3 trillion (£1.7tn), more than the combined worth of the FTSE 100. Stocks on Wall Street went into reverse on Thursday as shares in the five biggest US companies tumbled. Companies that have powered US markets to record highs – Apple, Amazon, Alphabet,…

Trafford’s coronavirus infection rate has risen again, council leader says – Manchester Evening News

Trafford’s coronavirus infection rate has risen again, the borough’s council leader has said – days before local lockdown restrictions are set to be lifted. Local leaders asked the government to keep stricter measures in place, but were left furious when secretary of state for health and social care Matt Hancock announced they would be lifted…