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Utilities could be the underrated beneficiaries of a U.S. infrastructure overhaul, one CEO says. With Washington lawmakers working to make the Biden administration’s $579 billion infrastructure spending framework a reality, the year’s worst-performing sector could be in for a rebound, Reaves Asset Management CEO Jay Rhame told CNBC’s “ETF Edge” this week. Two major tailwinds
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Jeff Bezos and Richard Branson are competing fiercely to outwit each other and capture the huge commercial space tourism market. And their fellow billionaire Elon Musk appears to be siding with the British entrepreneur and his Virgin Galactic venture. Musk, the SpaceX CEO who aims to colonise Mars someday and make humans a multi-planetary species, seems to have
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The Daily Mail’s founding family is plotting an offer to take the company behind Britain’s biggest-selling national newspaper private – move that would end 90 years of stock market history. Daily Mail & General Trust (DMGT) confirmed Sky News’ exclusive revelation on Monday that Rothermere Continuation Limited (RCL) is considering an £810m bid for the
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The Metropolitan Police Federation has condemned England supporters who attacked officers after last night’s Euro 2020 final defeat as “thugs not fans”. The body, which represents thousands of London’s police officers, tweeted: “These people should be ashamed of themselves. “They are not fans. They are thugs. We wish our injured colleagues well.” The Met Police
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People walk past the New York Times building on October 14, 2019 in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis | Getty Images For about 16 months, the U.S. and U.K. news industries have predominantly operated out of people’s living rooms, home offices and bedrooms. Now, they’re deciding what post-pandemic life
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Two public sector giants in India’s energy sector have come together to set up offshore wind energy projects. According to media reports, power generation company NTPC Limited and oil and gas exploration company ONGC Limited have announced a partnership to set up offshore wind energy projects. The two companies signed a memorandum of understanding last
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Prime Minister Boris Johnson has said “caution is absolutely vital” as he prepares to address the nation on Monday to announce whether the final stage of releasing coronavirus restrictions can go ahead. The prime minister is expected to confirm that England can move to step four of the government’s roadmap out of lockdown, but to
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Sir Richard Branson’s private space tourism company will launch its first flight carrying the billionaire, two pilots, and three mission specialists to the fringes of space. The VSS Unity spaceplane will be launched in mid-air after dropping from the belly of its mothership at an altitude of about 9.4 miles (15km) before its rocket fires
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