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...In 2023, transport backlogs pushed South Africa’s coal exports down to 50mn tonnes, their lowest since 1993. As with Eskom, the worst may be over....
UK airport forecasts passenger numbers this year reaching all-time high
...With Parliament in recess and half the world still on some form of Easter holiday, I had intended to keep this week’s newsletter both briefer than usual, and a news-free zone, using the quieter holiday period...
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...However, last year’s performance was 7 percentage points below 2019, the last year before Covid-19 forced the closure of much of the world’s airspace....
...Britain established the world’s first postal savings system in the 1860s, today known as National Savings and Investments....
...The IMF forecasts that Macau’s economy will grow 13.9 per cent in real terms this year, following growth of 80.5 per cent last year, making it one of the world’s fastest-growing economies....
...The airlines have been unprofitable since the pandemic began, when Beijing introduced some of the world’s most restrictive travel and quarantine rules....
...Known for making France’s high-speed TGV trains, Alstom is the world’s second-biggest train manufacturer after China’s CRRC and has contracts stretching from Australia to Saudi Arabia, with more than 80,000...
...The capital’s transport authority had earlier argued that its offer of a 5 per cent rise for staff was all it could afford....
...In response, the Spanish government ordered a state holding company to take a stake in the “strategic” company as a counterbalance. Additional reporting by Ivan Levingston in London...
...Ten seconds after that, the tower instructed the coastguard plane to taxi to a holding point on the edge of the runway. The coastguard pilot responded by repeating the message....
...Echave said the airport had managed to reduce its losses “because we have had an extraordinary summer” which saw it become the world’s best connected airport, with flights to more than 200 destinations....
Big outage in August 2023 ‘more protracted’ because engineers were not in the office
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...Taken to its extreme, the open-ended fund converges with, say, Berkshire Hathaway, arguably the world’s original evergreen vehicle, or even buying and holding the S&P 500 on margin....
...I asked the Department for Transport for these workings....
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