A British-based company which boasted that it would be a global pioneer in electric vehicle manufacturing is working with advisers to prepare for possible insolvency. Sky News has learnt that Arrival, which is listed on New York’s Nasdaq stock exchange, has drafted in Alvarez & Marsal (A&M) to advise it as it tries to salvage
It was the first time the people of Lahaina had been allowed to return since wildfires laid ruin to their town three days ago. A queue of cars, hours long, waited at the police checkpoint to show their documents. Once cleared, they travelled the winding highway, under a tunnel cutting through the lush west Maui
At least one person has died and dozens of others have been rescued after a migrant boat crossing the English Channel capsized. Five other people were recovered in “serious condition” and taken to a hospital in Calais by helicopter and 50 people have been rescued, French authorities said. A search and rescue operation involving five
The 1975 are being pursued for more than £2m in damages after frontman Matty Healy criticised Malaysia’s homosexuality laws and kissed a male bandmate on stage. Future Sound Asia is accusing the group of breaching a contract – and alleges it had received a “pre-show written assurance” that their performance would adhere to all local
Jeremy Hunt’s younger brother has died from an ‘aggressive’ form of cancer aged 53. Charlie Hunt, a father-of-three, died peacefully on August 2, his family said in a statement to the Daily Telegraph. The chancellor spoke last month about how the disease had hit his family, with his sibling having been diagnosed with sarcoma in
Wildfires in Hawaii have killed at least 67 people – the deadliest natural disaster since it became a US state in 1959. Search teams are continuing to scour the ruins of Lahaina – a town on Maui island – with the help of cadaver dogs. Governor Josh Green has warned the number of fatalities will
The home secretary is facing fresh pressure to scrap plans to house asylum seekers on barges after Legionella bacteria was discovered in the water supply of the Bibby Stockholm. The Home Office removed all 39 migrants from the vessel in Dorset on Friday, in the latest embarrassing setback to a policy which has been beset
In this article MSFT AAPL AMZN NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang,speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Following last year’s market route in tech stocks, all of the industry’s big
Associated Press Aug 11, 2023, 02:30 PM ET Officials for the Preakness Stakes say they are considering moving the second Triple Crown race to four weeks after the Kentucky Derby — instead of two weeks later — in a shift that would change the timing that has been in place for decades. Aidan Butler, CEO
Stablecoins may be crypto’s killer app, but there needs to be regulation in place to allow them to flourish – which could benefit the U.S. dollar, according to Brian Brooks, a partner at Valor Capital Group. Speaking to CNBC’s “Squawk Box” Friday, Brooks – who was previously the CEO of the U.S. arm of crypto
FBI Director Christopher Wray testifies before a House Judiciary Committee hearing on “oversight of the Federal Bureau of Investigation” and alleged politicization of law enforcement, on Capitol Hill in Washington, U.S., July 12, 2023. Jonathan Ernst | Reuters The mastermind behind a ransomware hosting service that allegedly helped criminals collect more than 5,000 bitcoin in
In this article FOXA Follow your favorite stocksCREATE FREE ACCOUNT People walk by the News Corporation headquarters, home to Fox News, on April 18, 2023 in New York City. Spencer Platt | Getty Images Fox Corp. Chief Legal and Policy Officer Viet Dinh will step down from his post, months after the company agreed to
Is an electric truck from Hyundai on the way? A Rivian R1T was spotted with testing plates near Hyundai’s Namyang research and design (R&D) facility in South Korea. Hyundai benchmarking Rivian R1T electric truck? In June, the Hyundai Motor Group released its next-generation EV platform (IMA), designed to host 13 new electric models from the
During another busy week of earnings and stock market swings, we picked our spots and made six trades, including calling up a Bullpen name. We also changed two Club price targets. Here’s a day-by-day look. Monday The week started with a small Caterpillar (CAT) sale after a huge run and an initiation of a new
Satellite operator Telesat has given space tech firm MDA a CAD 2.1 billion (nearly Rs. 12,950 crore) contract to build 198 satellites for its low-earth orbit program. The deal announced on Friday sparked a more than 45 percent surge in both Telesat’s Canadian and US shares, putting them on track for their best day ever.
Footage shows children ducking and screaming in fear amid Russian missile strikes on a hotel in Ukraine. Two Russian Iskander missiles hit the Reikartz Hotel in Zaporizhzhia city centre on Thursday evening, leaving one dead and 16 injured – including four children. Ukraine’s defence ministry said the hotel was being used as a children’s summer
The US attorney general has appointed a special counsel to investigate the financial and business dealings of the son of President Joe Biden. Merrick Garland said he is promoting David Weiss, the US attorney in Delaware who has already been probing Hunter Biden, to the position. He will be responsible for the “ongoing investigation” of
Indicted FTX founder Sam Bankman-Fried leaves the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters A New York judge will decide in a few hours from now whether to send Sam Bankman-Fried to jail. Federal prosecutors have asked U.S. District Judge Lewis A. Kaplan to revoke the FTX founder’s bail
The Premier League is targeting a financial agreement with its lower league counterparts within weeks as English football seeks to head off political criticism over the distribution of money through the sport. Sky News has learnt that the Premier League told its 20 ‘shareholders’ on Thursday that it now hoped to reach a swift conclusion
Described as the “last European dictator”, Belarusian President Alexander Lukashenko has been escalating tensions with NATO. But is he close to embroiling his country in the Russia-Ukraine war – against the wishes of his electorate? In post since July 1994, despite growing levels of internal dissent, the Belarusian leader has been kept in power by