Starship prototype SN10 fires its three Raptor engines as it comes in for the landing. SpaceX The U.S. Air Force is expanding a small development program that wants to leverage reusable rockets, like those SpaceX is building, to deliver cargo quickly to anywhere in the world. Called Rocket Cargo, the experimental military program will be
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Reading Gillian Tett’s article, “The human factor” (Life & Arts, FT Weekend, May 29), it is good to learn that Google is using anthropologists to understand how to inoculate the public against misinformation. However, not all corporate goals are so obviously beneficial. Two of the most basic goals of corporations are to increase sales and
Canada was home to the world’s fifth-largest energy production industry in 2018 (latest information), according to the U.S. Energy Information Administration. Globally, it is the fourth-largest producer and sixth-largest exporter of natural gas. Private and public companies of all sizes engage in natural gas production across the Canadian landscape; however, only a small group of
In this article VIV-FR PSTH Billionaire investor Bill Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) confirmed Friday it was in talks to buy 10% of Universal Music Group for around $4 billion. The deal values Universal Music at 35 billion euros (around $42.4 billion), PSTH said in a statement. PTSH said the deal will
The US economy created 559,000 jobs last month as the unemployment rate fell to 5.8 per cent, suggesting the labour market has gained some strength amid fears that worker shortages were holding the recovery back. The non-farm payrolls data released by the US labour department on Friday was slightly worse than economists’ expectations of about
The hedge fund billionaire Bill Ackman is nearing a deal with Universal Music Group in which his blank-cheque company would acquire a 10 per cent stake in the record label behind artists such as Lady Gaga and Cyndi Lauper. Universal’s owner Vivendi confirmed on Friday that it was in talks with Pershing Square Tontine Holdings,
Mathematical or quantitative model-based trading continues to gain momentum, despite major failures like the financial crisis of 2008-2009, which was attributed to the flawed use of trading models. Complex trading instruments such as derivatives continue to gain popularity, as do the underlying mathematical models of valuation. While no model is perfect, being aware of their limitations can help in making informed
Thousands of people will descend next week on Las Vegas, a city synonymous with hedonistic excess, to watch cement dry. It is almost 40 years since Steve Hill attended his first World of Concrete event, but he has never been more excited about a trade show than this one. It is not just the prospect
[The livestream is scheduled to begin at 1 p.m. EDT. Please refresh the page if you do not see the player above] SpaceX plans to send the latest cargo mission for NASA to the space station on Thursday, with Elon Musk’s company going for its 17th launch this year. The company is targeting 1:29 p.m.
SoftBank’s Masayoshi Son turned to a friend of four decades in April after he was presented with a list of 30 candidates to become the Japanese technology group’s new female board member. Keiko Erikawa, chair of Koei Tecmo Holdings, was exactly the type of female entrepreneur the billionaire founder was seeking. She brings a management
Milken, Boesky, Pickens, Rigas, Ebbers: Their names were once household words, back in the 1980s, 1990s, and 2000s: Financial fraudsters who lived the high life until their crimes (or purported crimes) brought them down. In February 2020, two of them were back in the news. Let’s check in with this financial five, to see where
In this article BBBY BB AMC Joe Moglia, former CEO of online trading platform TD Ameritrade, issued a stern warning Thursday about using leverage to try to outsize returns in meme stocks. “My biggest concern is what’s going on with the individual investor” using borrowed money to trade more than they have, Moglia told CNBC’s
The UK is on the cusp of signing a trade deal with Norway and other members of the European Economic Area, with a formal announcement expected as soon as Friday. Norway, whose biggest trading partner is the UK, thanks to sales of North Sea gas, has been particularly worried about protecting its small but politically
Researchers in Cambridge have re-engineered the genetic code of microbes to create a synthetic cell with capabilities unlike anything in nature, opening up the possibility of new materials for everything from plastics to antibiotics. The knowledge of how to manipulate and edit the DNA at the heart of all genetic processes is established, but until
Whether you are an entrepreneur or plan to work for an established company, the real estate industry offers a variety of career opportunities, including those dealing with residential sales and leasing, commercial properties, industrial properties, and farmland, as well as property management appraisal, and counseling. Here are 5 real estate career paths in the industry and their
The UK government acted unlawfully by housing asylum seekers in a former military barracks that failed to meet minimum living standards, the High Court ruled on Thursday, in the latest of a series of criticisms of the facility’s use. The six men who brought the case were housed in Napier barracks in Kent in accommodation
Global food prices surged by the biggest margin in a decade in May as one closely-watched index jumped 40 per cent in the latest sign of rising food inflation. The year-on-year leap in UN Food and Agriculture Organization’s monthly food price index was the largest since 2011 and signalled that inflation initially stoked by pandemic
The 0% introductory interest rate on balance transfers is a common feature of many credit cards targeted to consumers with good to excellent credit. While this offer looks great on the surface, people who take advantage of it might find themselves on the hook for unexpected interest charges. The problem is that transferring a balance
The Crew Dragon capsule sits on top of the SpaceX Falcon 9 rocket at Launch Complex 39-A at Kennedy Space Center, Fla., Friday, May 29, 2020. Joe Burbank | Orlando Sentinel | Getty Images Private spaceflight specialist Axiom Space on Wednesday announced a deal with SpaceX that added three more crewed flights to the International
One scoop to start: the commodities trader Trafigura warned Credit Suisse last year that the bank’s supply-chain finance funds appeared to contain a suspicious invoice from industrialist Sanjeev Gupta’s business empire. Get the full story. And one reminder: don’t miss our Greensill event next Tuesday. Register for the free online event here. Metals industrialist Sanjeev
Complaints that hundreds of ventilators bought with Narendra Modi’s signature Covid-19 recovery fund do not work have sparked transparency and corruption concerns over how the charity spends its money. PM Cares was set up in March last year by the Indian prime minister as a public charitable trust to “provide relief to the affected” during
Buy now, pay later (BNPL) is an increasingly popular way for consumers to make purchases online and in stores. These point-of-sale installment loans are offered by a number of services, including Affirm, Afterpay, and Klarna. An estimated 39% of consumers have tried a buy now, pay later service at least once, according to one survey.
In this article AMC An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Mudrick Capital raised eyebrows on Tuesday when it bought 8.5 million shares of AMC Entertainment through an offering from the theater chain,
A chemical-laden container ship that has been on fire for almost two weeks has started to sink off the coast of Sri Lanka, sparking fears of a serious environmental disaster. Efforts to move the feeder vessel MV X-Press Pearl into deeper water failed on Wednesday, prompting the Singaporean operator to shift its focus to mitigating
Commodities trader Trafigura warned Credit Suisse last year that the bank’s supply-chain finance funds appeared to contain a suspicious invoice from industrialist Sanjeev Gupta’s business empire, according to three people with knowledge of the discussions. The collapse of the $10bn suite of Credit Suisse funds, which packaged up invoices linked to the failed supply-chain finance
Who Is Wilbur Ross? Wilbur L. Ross, Jr. (b. 1937) is a billionaire investor who spent a quarter-century working as a bankruptcy restructuring advisor for Rothschild Investments. Despite his wealth, he has been dubbed the “king of bankruptcy” for a record of leading failing companies. In the early 1990s, he helped a struggling casino magnate—Donald
The Biden administration has announced it will suspend the Arctic oil drilling rights sold in the last days of Donald Trump’s presidency, reversing a signature policy of the previous White House and handing a victory to environmentalists. In his first day as president, Joe Biden directed the interior department to review oil and gas activity
“The story of the Chartered Bank is a story not so much of Silver Crises and Currency reforms as of men. We should not aim to produce a highly ornamental volume which will gather dust in bank bookcases, but a story which everyone interested in the British achievement in the East will read and re-read.”
Dividend stocks are companies that pay out a portion of their earnings to a class of shareholders on a regular basis. These companies usually are well established, with stable earnings and a long track record of distributing some of those earnings back to shareholders. The distributions are known as dividends and may be paid out
In this article KODK Workers at the KODAK billboard at Times Square, March 2004. Avalon | Hulton Archive | Getty Images The New York Attorney General on Tuesday asked a court to force Kodak’s CEO to publicly testify amid an investigation over allegations of insider trading. The petition, filed with the New York County State