Desert X is Coachella’s lesser known contemporary art festival and it’s drawing 200,000 art lovers to the area January 4, 2019 The locals were… curious. For the past few weeks, as they’d gone about their business around the nine cities that make up Greater Palm Springs, or hiking in the San Jacinto and Santa Rosa mountains, strange things were afoot. A deep hole was being dug into the desert floor close to the small resort town [...]
London is the busiest city in Europe for private jets, according to research November 28, 2019 London has retained its position as the busiest city in Europe for private jets, with more than twice as many so called business aviation flight departures as the next most active city, according to research. The capital saw 4,577 private flights leave its selection of business aviation airports last month, which include Stansted, Biggin Hill [...]
UK public company debt jumps to £638bn August 12, 2019 UK public company debt jumped nearly seven per cent to hit £638bn, research published today shows. Borrowing rose for the eighth consecutive year in 2018-19, according to analysis from Link Group. Net debt (total borrowings less cash) rose 5.8 per cent to a new record of £443.2bn. Net debt has risen by three quarters since [...]
Tesla share price falls after it misses deliveries target October 2, 2019 Shares in Tesla fell as much as six per cent in post-close trading after it delivered fewer vehicles than expected in the third quarter. Elon Musk’s firm delivered a record 97,000 vehicles in the quarter, up 1.9 per cent on the previous three months. However, this was below estimates of 97,477. The total consisted of [...]
What’s driving capital market developments in South Africa and Namibia? December 9, 2019 CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key developments in different countries, starting with neighbours South Africa and Namibia. South Africa: Johannesburg Stock Exchange facing competition South Africa – the second-largest economy in Africa after Nigeria [...]
Nasa opens International Space Station to tourists from 2020 June 8, 2019 Nasa will allow tourists to visit its International Space Station from 2020. The US space agency announced it would open the station up to tourism and other business ventures. Read more: Elon Musk’s SpaceX has raised more than £1bn in six months It will cost each person $35,000 (£27,500) per night to stay there. The [...]
Virgin Galactic brings space tourism to public markets as New York float beckons October 27, 2019 Investors will get their first chance to buy into a space tourism firm tomorrow, when shares in Sir Richard Branson’s Virgin Galactic start trading in New York. The company tied the knot on a merger with a US investment vehicle late on Friday, meaning it will go public when markets open tomorrow, in what its [...]
Huawei Matebook X Pro review: The Chinese tech giant’s laptop is a true MacBook Pro rival December 13, 2018 Huawei has been in the headlines for all the wrong reasons lately. The news comes at a time when the Chinese phone giant is only just beginning to drum up some real brand recognition in Western markets. In a few short years critics have stopped making jokes about how difficult it is to pronounce the company’s name [...]
Elon Musk’s Space X to be probed by Nasa after billionaire smoked marijuana in live interview November 21, 2018 Nasa has said it is launching a probe into workplace safety at Space X, prompted by the company's founder Elon Musk smoking marijuana during an interview. The review into Space X as a commercial partner of Nasa, which will also include an investigation at Boeing, comes as both companies prepare to fly astronauts up to the International Space Station. [...]
Coronavirus: Landlords will show pragmatism to save businesses April 15, 2020 Once the Covid-19 pandemic has abated and the UK retail property market returns to some semblance of normality, the way in which landlords reacted to the crisis will be forensically assessed by retailers. The hard lessons learnt by both sides will reshape the landlord-tenant relationship and people will have long memories with regard to how [...]