Harland & Wolff close to government-backed rescue deal with Navantia | Money News Aitrend

Harland & Wolff close to government-backed rescue deal with Navantia | Money News

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Harland & Wolff (H&W), the owner of the shipyard that built the Titanic, is close to reaching a government-backed rescue deal with a Spanish shipping industry group. Sky News can reveal that Navantia has won approval from Downing Street to acquire H&W’s four UK shipyards in a deal which could be formally agreed as early … Read more

Hitachi: Hundreds of jobs guaranteed at County Durham rail plant after £500m deal | Money News Aitrend

Hitachi: Hundreds of jobs guaranteed at County Durham rail plant after £500m deal | Money News

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Fourteen new trains are to be built at a Hitachi factory in County Durham, securing hundreds of jobs. The plan saves 700 jobs with a £500 million investment for the Newton Aycliffe site. The factory and its workers faced an uncertain future with a looming break in their order book before work began. HS2 (High … Read more

Vince accuses Guardian owner of ‘lying’ over Observer’s approach | Money News Aitrend

Vince accuses Guardian owner of ‘lying’ over Observer’s approach | Money News

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Dale Vince, the activist and entrepreneur, has accused the Guardian’s owners of telling “a complete lie” about his interest in taking control of The Observer. Speaking to Sky News, Mr Vince, who has numerous interests in green energy and owns Forest Green Rovers football club, said his discussions with Guardian Media Group (GMG) had been … Read more

Music TV service ROXi, backed by U2 bassist, close to deal | Money News Aitrend

Music TV service ROXi, backed by U2 bassist, close to deal | Money News

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A music streaming service, whose shareholders include U2 bassist Adam Clayton and financier Guy Hands, is set to undergo a solvent restructuring that will pave the way for it to launch a series of new interactive TV channels in the UNITED STATES. Sky News has learned that the assets of MagicWorks, which trades as ROXi, … Read more

The electric shock behind Europe’s faltering future of electric vehicles – and how China has leapfrogged major car exporting countries | Money News Aitrend

The electric shock behind Europe’s faltering future of electric vehicles – and how China has leapfrogged major car exporting countries | Money News

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Across Europe, carmakers are cutting jobs and closing factories – to the point where some are questioning their very existence. So it’s worth asking the question: what’s wrong with the European (and for that matter American) auto industry? While some will draw their own conclusions (Brexit! Electric vehicle time limit ! Government regulations!) in practice, … Read more

Thames Water creditors fail to veto payment of fines | Money News Aitrend

Thames Water creditors fail to veto payment of fines | Money News

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Thames Water’s largest group of creditors has failed to secure a veto over whether a £3bn emergency cash injection would be used to settle regulatory fines imposed over a series of breaches in terms of environment and performance. Sky News can reveal a clause stipulating the company’s A lenders – who account for well over … Read more

Mike Ashley’s Frasers and B&M face relegation from FTSE 100 | Money News Aitrend

Mike Ashley’s Frasers and B&M face relegation from FTSE 100 | Money News

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Fraser’s Group, the retail giant controlled by Mike Ashley, and discounter B&M are to be relegated from the UK’s blue chip share index. FTSE Russell, which operates the FTSE 100 and FTSE 250 indices, confirmed on Wednesday evening that its latest quarterly review would see the Sports Direct-led Frasers drop to the bottom tier for … Read more

Video shows masked man firing gun at UnitedHealthcare boss Brian Thompson moments before fatal shooting in New York | American news Aitrend

Video shows masked man firing gun at UnitedHealthcare boss Brian Thompson moments before fatal shooting in New York | American news

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A video was released moments before the killing of a top health care executive on a New York street in what police say was a targeted hit. Brian Thompson is shown walking in Manhattan when the killer appears behind a car and raises a gun – reportedly fitted with a silencer – about 15 feet … Read more

Trump picks billionaire private astronaut Jared Isaacman as next NASA administrator Aitrend

President-elect Donald Trump announced his intention to run for office on Wednesday. Jared Isaacmanthe online payments billionaire and the first private astronaut to ever perform a spacewalk, like the next NASA administrator. The move could raise questions about possible conflicts of interest, given Isaacman’s extensive financial ties to Elon Musk, who is set to co-chair … Read more