By Howard Bloom, Founder and Chair, Space Development Steering Committee, Co-founder Asian Space Technology Summit, and Erinn van Wynsberghe, Founder, VanWyn Technologies NASA recently announced the discontinuation of its VIPER lunar rover project, a rover built to prospect the moon for a precious space commodity, water. NASA cited cost overruns and launch delays. The decision to abandon
Business
CrowdStrike, the company at the heart of the IT outage being described as the worst the world has seen, has been a darling of Wall Street over the last year. So far in 2024, its share price has risen by 96%, making it one of the best-performing stocks on both the tech-heavy Nasdaq and the
By Howard Bloom There is a sudden movement in the Western World to take smartphones away from kids. It started in the summer of 2022 when social psychologist Jonathan Haidt at New York University, the father of two adolescents, was writing a book about what he called “the pervasive negative effects of the internet and
The Bank of England has revealed disruption to some major financial transactions due to a “global payments issue”. In a statement, the Bank said its high value CHAPS service – which handles payments worth hundreds of billions of pounds each day – was affected and that had resulted in delays. They usually involve transactions between
A senior minister has told the Post Office Horizon IT Inquiry that accountability for the scandal lies with the government, while the leader of the Liberal Democrats said he was lied to by senior executives at the company. Pat McFadden now serves as the most senior minister in the Cabinet Office, aside from the prime
The TV retail consultant known as ‘Mary Queen of Shops’ has called on the government to block a proposed London stock market listing by Shein. Mary Portas, who undertook a review of UK high streets for the coalition government led by David Cameron, was speaking as an online petition by the Say No to Shein
There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to official figures. It means prices in June rose at the same rate as in May, data from the Office for National Statistics showed. Money latest: Number of people claiming non-dom status
Elon Musk has said California’s new gender identification law was the “final straw” and that he is moving the SpaceX and X headquarters to Texas. The billionaire posted on X on Tuesday that he plans to move SpaceX from Hawthorne, California, to Starbase, Texas, and X to Austin from San Francisco. The new law, signed
The International Monetary Fund has confirmed that it is expecting the UK economy to grow faster than previously expected this year. The Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack.
Shares in the company behind Donald Trump’s Truth Social platform have surged by a third amid a wider bounce on investor hopes he returns to the oval office. The Trump Media & Technology Group was one of the most actively traded stocks on Wall Street during Monday’s session. It was the first chance investors had
It’s no secret that companies in the luxury goods sector have been going through a rough patch. After a boom for the sector following the end of the pandemic, during which consumers engaged in ‘revenge shopping’ as they spent the enforced savings built up during the lockdowns, the last year or so has seen a
Oanda Global Corporation, the online retail trading platform, has been put up for sale by its private equity backers. Sky News has learnt that the company, which is a rival to the likes of CMC Markets and IG Group, is being marketed by bankers at Nomura and Santander. Money latest: Best supermarket wines for under
The FTSE-100 owner of British Gas, the UK’s biggest domestic energy supplier, is in talks to recruit its next chairman. Sky News has learnt that Centrica, which has a market value of about £7.3bn, is working with headhunters to identify a successor to Scott Wheway. City sources said that Lygon Group, the search firm, was
Billionaire Elon Musk has donated to a political group working to elect presidential candidate Donald Trump, according to reports. According to Bloomberg, citing sources, the amount was not known but it was “a sizable amount” given to a group called America PAC. Bloomberg reported that the PAC – a group that can receive unlimited contributions
One of the UK’s biggest floorings retailers is just one step away from a collapse that would place 1,852 jobs at risk. Cash-strapped Carpetright confirmed it had filed a notice of intention to appoint administrators. The loss-making firm said in a statement however that it was still working towards a reprieve. Parent firm Nestware Holdings
The FTSE 100 mining giant Rio Tinto is wargaming its biggest takeover swoop for years after the collapse of rival BHP’s £39bn (£24.7bn) bid for Anglo American. Sky News has learnt that Rio, which is listed in London and Sydney, is studying a refreshed list of potentially industry-reshaping takeover targets including Teck Resources, the Canadian
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