Business

Air-launch rocket builder Virgin Orbit took another step in making low-cost rockets a reality in a new deal with satellite developer Cloud Constellation. The Virgin Galactic spinoff, which is owned by billionaire entrepreneur Richard Branson, on Tuesday signed an agreement to launch a dozen communications satellites for Cloud Constellation’s SpaceBelt system. The rocket company expects
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Despite cancelled sailings and other impacts from Irma and Harvey, it’s “insufficient to derail strong trends” in the cruise industry, according to an analyst. “August pricing remained strong, and although the two major hurricanes are likely to be material to numbers, the impact should be short-lived,” said Wedbush analyst James Hardiman in a research note
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The chief executive of German automaker Volkswagen says the current discussion regarding diesel cars is unjustified and that the diesel engine has a “great future” ahead. “The diesels we are offering today are clean. They comply with the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) requirements and they meet the requirements and needs of our
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“(These plans are) just more crony capitalism from the Tories, who once again prop up the rigged system for the few at the expense of the many,” Long-Bailey said, according to Reuters. May’s government has had to work closely with business leaders over recent months as it seeks to secure their loyalty to the U.K.
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