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Apparently Dubai has finally seen an end to its debt crisis, according to the foreign minister of the United Arab Emirates. Abu Dhabi’s $10 billion bailout of this struggling neighbor was proof of the national unity, said Sheikh Abdullah Bin Zayed Al Nahayan
Sheikh Abdullah Bin Zayed Al Nahayan’s words come just as Dubai officials conducted a whirlwind world tour to try and reassure the frazzled markets that the worst is now over. Sheikh Ahmed bin Saeed Al Maktoum, deputy chairman of the Dubai Executive Council, and Mohammed Ibrahim Al Shaibani, chief executive of the Investment Corporation of Dubai, have recently [...]

Apparently two phone lines have been set up to help deal with the huge number of passengers that have been affected by the big collapse of the Globespan Group. One part of this group, Flyglobespan, has left many people stranded overseas.
So far, more than 8,000 calls have come from passengers who have been left stranded abroad or are waiting for news in Scotland following the collapse of the group. A total of 550 of the 650 staff have been made redundant as of immediately. Flyglobespan, which was Scotland’s largest budget airline, finally reached its breaking point last Wednesday. This left [...]

British Airways could be looking at a new strike threat in the new year, according to union bosses. This message comes as the planned 12 day walkout over Christmas was considered illegal at the end of last week. The Unite union said that it would ballot crew members again in the New Year.
British Airways and the Unite union are due to appear before the High Court again next year on February 1st. This time they will be taking a look to decide whether the airline’s new working practices are a change to crew contracts. It is very likely that the [...]

Britain’s severe weather conditions continue to cause havoc for those trying to travel in many parts of the country. In North Yorkshire on Sunday police were saying that there were around fifty reports of vehicles getting into damage only accidents. The police also said that there had been reports of around twenty more accidents in [...]

There will be no Eurostar services today – for the third day running – as Eurostar continues to undertake a range of tests and upgrades on its train fleets.
Today will see a continued cancellation of services as weatherproofing upgrades continue after five trains have broken down over the weekend. Thousands of passengers were trapped inside the Channel Tunnel in freezing conditions on Friday and Saturday.
The cause of the problems has apparently been identified by the group and hopes are they will addressed by day’s end. The severe French snowstorms have created onboard dramas not seen on the trains before with [...]

Unite’s ongoing determination to hold a new ballot for their proposed strike has raised speculation in press sectors that the union is facing massive internal disruptions.
The union announced the ballot would be retaken in the New Year, following the emergency injunction by the high court to ban the 12-day strike that was planned for Tuesday. Such a halt would have created huge misery for close to 1 million travelers this Christmas.
Now, the majority of the UK press has seized on allegations that a more extreme group within the union has publicly gone too far with its threats and demands. Senior [...]