Space race: Boeing invests $20m in Richard Branson’s Virgin Galactic as it prepares public listing October 8, 2019 Boeing is to invest $20m in Sir Richard Branson’s space-tourism venture Virgin Galactic, meaning it will have more money to take on rivals such as Elon Musk and Jeff Bezos in the commercial space race. Branson founded space venture Virgin Galactic in a bid to cash in on rising demand for space travel. He is [...]
Vodafone to shut 1,000 stores across Europe amid rise in online shopping October 8, 2019 Vodafone will close more than 1,000 of its stores across Europe and overhaul some of its remaining outlets as it looks to adapt to declining footfall on the high street. Read more: IBM and Vodafone’s $550m joint venture secures first deal Group chief executive Nick Read today said the telecoms firm will shut 15 per [...]
US stocks open lower as fears of trade war escalation knocks confidence October 8, 2019 US stocks tumbled after the opening bell today as investor anxiety mounted ahead of crunch trade talks between Washington and Beijing. Optimism among traders was knocked this afternoon after the US blacklisted almost 30 Chinese groups from buying US-made goods. Read more: Sterling tumbles as Brexit deal hopes ‘snuffed out’ The tech-focused Nasqad index dipped [...]
Why piracy means the sports broadcasting rights bubble is ‘about to burst’ October 8, 2019 The value of sports broadcast rights is on the verge of collapse due to rampant piracy, the head of the world’s largest investor in managed rights has warned. Yousef Al-Obaidly, chief executive of Qatari media network beIN, said the “glorious media rights bubble” was set to burst due to the large-scale piracy of sports competitions [...]
Extinction Rebellion London protests: Arrests reach 380 as activists glue themselves to lorry outside Home Office October 8, 2019 Members of Extinction Rebellion have glued themselves to the underside of a lorry which is blocking road outside the Home Office. Police officers have been seen removing protesters from the top of the lorry, which is parked on Marsham Street. Read more: London City Airport braces for Extinction Rebellion shutdown Two protesters have also glued [...]
Thomas Crooks: Fraudsters target refund process for collapsed airline October 8, 2019 People trying to claim refunds on flights and hotels booked with collapsed holiday giant Thomas Cook have been warned about possible fraudsters trying to get hold of their details. Britain’s aviation regulator the Civil Aviation Authority (CAA) said this afternoon it had been forced to take “urgent action” against fraudulent activity in relation to the [...]
US looks to fund Huawei’s rivals amid concerns over Chinese dominance October 8, 2019 The US government is said to be looking for ways to pump money into Huawei’s European rivals amid concerns about the Chinese firm’s dominance in the race to roll out 5G. Officials have explored ways of issuing credit to Nokia and Ericsson to enable them to match the generous financing terms that Huawei offers its [...]
Road to recovery? Nissan appoints Makoto Uchida as CEO to turn around stricken car maker after Ghosn scandal October 8, 2019 Nissan has named the head of its Chinese operation, Makoto Uchida, as its new chief executive, as the firm tries to put the brakes on more than a year of chaos at the firm. The 53-year-old Japanese executive has the task of turning around the stricken car maker, which has become ensnared in a combination [...]
Sterling tumbles as Brexit deal hopes ‘snuffed out’ October 8, 2019 Sterling has fallen to a one-month low against the euro after German Chancellor Angela Merkel said a Brexit deal without Northern Ireland staying in the customs union is “overwhelmingly unlikely”. Read more: Brexit deal ‘overwhelmingly unlikely’, Angela Merkel tells PM The pound had shed 0.76 per cent of its value by 1.50pm to stand at [...]
London City Airport braces for Extinction Rebellion shutdown October 8, 2019 Extra police officers will be sent to London City Airport this week to counter an Extinction Rebellion attempt to shut it down. The activist group has revealed it plans to shut down the airport for three days beginning on Thursday. Read more: Extinction Rebellion offshoot occupies Smithfield meat market The shutdown is slated to start [...]