Virgin Orbit is ceasing operations after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting Thursday afternoon. The company will lay off nearly all of its workforce. The company will eliminate all but 100 positions, amounting to about 90% of the workforce, Hart said, noting the layoffs will affect…
Revasum Inc. announced the sale of a second 7AF-HMG grinder to Halo Industries
SAN LUIS OBISPO, CALIFORNIA: Global semiconductor technology and equipment firm, Revasum Inc. (ASX: RVS) announced the sale of a second 7AF-HMG grinder to Halo Industries, a leading silicon carbide substrate manufacturing technology customer in Santa Clara, CA. This latest sale reinforces the 7AF-HMG grinder’s position as the most flexible grinding platform available to support silicon…
Boss Energy appoints uranium executive Wyatt Buck as non-executive Chair
SYDNEY, AUSTRALIA: Boss Energy Limited (ASX: BOE) notified that a highly experienced uranium executive Wyatt Buck has been appointed Non-executive Chair, effective immediately. Wyatt Buck, who has been a Non-executive Director of Boss since October 2020, has extensive experience across the uranium industry, including senior roles with leading uranium projects such as Cameco’s (TSX: CCO)…
nChain to invest $11.1mn in TradeWindow to become exclusive partner for UK & Scandinavia
SYDNEY, AUSTRALIA: nChain, a leader in Web3 and enterprise blockchain technology and the developer of the BSV Protocol, will make a $11.1 million investment into TradeWindow. The $11.1m investment will see nChain provide TradeWindow with: • A cash payment of $2.4 million • Software engineering resources from nChain’s 200-strong global engineering team to the value…
NOVONIX and TAQAT to setup battery material facility in Saudi Arabia
RIYADH/SYDNEY: NOVONIX Limited has agreed to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy storage system batteries in the Middle East and North Africa (MENA) region. The joint venture, which has been in discussion since 2021, is intended to utilize NOVONIX’s leading battery technology and…
Primark increases pay rates for its stores staff across UK
Primark, an Irish multinational fast fashion retailer with stores across Europe and in the United States, will raise the hourly pay rates for all its hourly paid store staff across England, Scotland, and Wales to £11 an hour, while in London, the rate will rise to £11.51. This increase represents a 12% rise compared to…
Britain buses and coaches must show audible and visual displays of their route and direction
LONDON, UK: The Department for Transport (DfT) has introduced new rules across Britain. All local buses or coach service are required to provide audible announcements and visual displays identifying the route and direction, each upcoming stop, and the beginning of any diversions. The Government has provided £4.65 million in funding for the smallest bus and…
Toyota Motor’s global sales rose 10.5 percent to 856,376 units in February 2023
Toyota Motor Corp. reported 1.4 percent higher global output in February 2023. The Japanese automaker produced 896,712 vehicles last month. Global sales, including Daihatsu Motor Co. and Hino Motors Ltd., rose 10.5 percent to 856,376 units, the company said in a statement Thursday. Domestic sales and production rose year-on-year for the second month in a…
Ford raises prices on the popular truck, electric F-150 Lightning
Ford Motor has increased prices of its electric F-150 Lightning pickup. The standard-range Lightning Pro, a lower-cost version of the truck optimized for fleet use, will now start at just under $60,000, not including shipping. That’s roughly 50% higher than the Lightning Pro’s original starting price at launch last spring. Ford noted that the 2023…
How to Choose the Right Property for Your Investment Portfolio
One of the best financial investments that anyone can make is real estate, which has long been praised for its ability to build wealth over the long term. However, many novice investors have had their fingers burned due to a lack of due diligence and a hasty entry into the industry. Fortunately, with some knowledge,…
Saint-Gobain to sell Switzerland business, Glassolutions to AEQUITA
LONDON, UK: Saint-Gobain has signed a binding agreement for the sale of its glass processing business Glassolutions in Switzerland to the privately-owned German group AEQUITA. The business generated sales of around €25 million in 2022 and employs approximately 70 people at its production site in Kreuzlingen. This transaction, expected to close by the end of…
Apple has introduced Apple Pay Later
Apple has introduced Apple Pay Later, which will allow users to split purchases into four payments spread over the course of six weeks. Apple Pay Later users will be able to manage, track and repay their loans in their Apple Wallet, the company said in a release. Individuals can apply for Apple Pay Later loans…