FILE PHOTO: Richard Branson’s Virgin Orbit, prior to its takeoff on a key drop test of its high-altitude launch system for satellites from Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake(Reuters) – Billionaire Richard Branson’s Virgin Orbit has hired bankers to go public through a special purpose acquisition company (SPAC), while seeking a $3 billion […]

OPINION: The signals out of Beijing suggest China’s next phase of technological development will test Western nations. New Zealand is not immune to these shifting tectonic plates, which are primarily happening between China and the United States at this stage. “The East is rising and the West is declining,” is how Chinese President Xi Jinping […]

BENGALURU (Reuters) – The U.S. economy will grow faster than previously thought and reach pre-COVID-19 levels within six months, according to a majority of economists polled by Reuters who however said unemployment would take well over a year to recover.FILE PHOTO: Kathryn Boeker works at a coffee shop as the state of Texas lifts its […]

NEW YORK (Reuters) – Asian stocks were set for a strong start on Friday, following firm overnight leads from Wall Street and Europe as a further retreat in bond yields eased concerns about rampant inflation, restoring appetite for battered tech stocks.FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, […]

OPINION: It’s understandable that Prime Minister Jacinda Ardern would be willing to forego her scheduled weekly slot on Mike Hosking’s breakfast show. Even a weathered UFC fighter would eventually grow fatigued of being locked in a room with an aggressive nemesis for a slugfest every seven days. Hosking’s aggressive, opinionated and domineering interview style has […]

(Reuters) – British American Tobacco said on Thursday it will buy a nearly 20% stake in Canada-based cannabis producer Organigram for about 126 million pounds ($175.8 million) as it seeks to expand beyond its main tobacco business.FILE PHOTO: A cannabis plant is seen in a field at Hermel, Bekaa, Lebanon, July 31, 2013. REUTERS/ Mohamed […]

With Colorado’s costs of keeping the heat and lights on during February’s deep freeze expected to exceed $1 billion, state regulators took a look Wednesday at how utilities prepared and how they can blunt the impact on customers of the extreme weather that’s happening more frequently. The Colorado Public Utilities Commission is investigating how the […]

With Colorado’s costs of keeping the heat and lights on during February’s deep freeze expected to exceed $1 billion, state regulators took a look Wednesday at how utilities prepared and how they can blunt the impact on customers of the extreme weather that’s happening more frequently. The Colorado Public Utilities Commission is investigating how the […]

A rich-lister accused of indecently assaulting three people and later trying to pay off one of the complainants has decided to give evidence in his own defence. The wealthy businessman, who has interim name suppression, is on trial accused of indecently assaulting three men in the early 2000s, 2008 and 2016. He is also charged […]

Express, which sells casual, occasion-based and work-appropriate fashion, posted a fourth-quarter net loss of $53.3 million, or $0.82 a diluted share, amid a comparable sales decline of 27 percent. This compares to a net loss of $141.6 million, or a loss of $2.21 a diluted share, in the fourth quarter of 2019. Total sales for […]