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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 12, 2025

    Featured image for article about Headlines

    LONDON (Reuters) -Power failures caused delays and disruption on London's Tube network on Monday, as several of its busiest lines were suspended.

    The Bakerloo line was completely suspended as of 1715 local time (1615 GMT), while other services including the Jubilee, Elizabeth and Piccadilly lines were facing severe or minor delays following a power outage more than two hours earlier.

    Transport for London (TfL) said it was working to get the whole network back to normal service as quickly as possible.

    "Due to a brief interruption of the power supply to our network, several lines lost power for a short period earlier this afternoon," TfL Chief Operating Officer Claire Mann said in a statement.

    Britain's National Grid confirmed that a fault on its transmission network had caused a power failure.

    "The fault was resolved within seconds and did not interrupt supply from our network, but a consequent voltage dip may have briefly affected power supplies on the low voltage distribution network in the area," a spokesperson said.

    The incident also caused a small contained fire which was brought under control, National Grid said.

    The potential for power failures to cause major disruption came into sharp focus in March when London's Heathrow Airport was forced to shut for 18 hours due to a fire at a nearby electrical substation, stranding hundreds of thousands of air travellers.

    Transport trade union TSSA called for an inquiry into the incident to ensure a similar power outage does not happen again.

    "Safety for all is key at this moment, but in due course we will need a proper inquiry into what happened and the lessons to be learned," TSSA General Secretary Maryam Eslamdoust said.

    (Reporting by Sachin Ravikumar; editing by William James)

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