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Virgin Orbit plans for insolvency amid rescue talks with investors | Business News
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Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce. Sky News has learnt that the commercial space satellite venture founded by Sir Richard Branson‘s Virgin Group is working with Alvarez & Marsal (A&M) and Ducera, two restructuring firms, on fallback plans in the […]
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BMW in talks with UK government over £75m grant for electric Mini | Business News
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The German automotive giant BMW is in talks with the government about a £75m funding package that would secure production of electric Minis at its Oxfordshire plant. Sky News has learnt that BMW is negotiating with officials at the Department for Business, Energy and Industrial Strategy (BEIS) over a grant from Whitehall’s Automotive Transformation Fund. […]
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Ukraine war: Stalemate in talks over disputed Zaporizhzhia power plant leaves an accident waiting to happen | World News
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The Zaporizhzhia nuclear power plant is strategically critical to both sides of the Ukraine-Russia conflict. But in terms of nuclear safety, the ongoing stalemate is perilous. It’s the closest major electricity generator to the parts of Ukraine annexed by Russia, and Moscow wants the plant’s power to control its territory there. It has also expressed […]