whatsapp Monday 30 January 2017 5:23 pm Emma Haslett The pair added: “Respect for all people is a core value of Ford Motor Company, and we are proud of the rich diversity of our company here at home and around the world.”We will continue working to ensure the well-being of our employees by promoting the values of respect and inclusion in the workplace.”Yesterday it was reported Fields had told Trump 1m jobs could be at risk if new fuel economy standards come into effect. Fields is also on Trump’s business council, alongside Tesla chief executive Elon Musk, Dell founder Michael Dell and General Electric’s Jeff Immelt. At the beginning of this month the car maker announced it had scrapped plans to build a $1.6bn (£1.3bn) plant in Mexico, in favour of a $700m investment in Michigan. whatsapp Share At the time, Fields insisted the company wasn’t pandering to Trump’s protectionism, instead saying it was a “vote of confidence” in Trump’s “pro-business environment”. “We didn’t cut a deal with Trump. We did it for our business,” he told CNN.Read more: Here’s how British citizens are affected by Donald Trump’s travel banOutrageTrump’s decision to ban citizens of Iraq, Iran, Somalia, Sudan, Syria and Yemen from travelling to the US has caused uproar and confusion.The Foreign Office confirmed this afternoon British citizens will be able to travel to the US, even if they have dual nationality with one of the countries on the list, or carry a second passport. That was despite a (now removed) notice from the US embassy which advised people not to apply for visas or travel to the US. The two top executives at the US’ largest carmaker have waded into the row over Donald Trump’s decision to ban citizens of seven Middle Eastern and North African countries from travelling to the US, saying it “goes against our values as a company”.Reuters reported Ford’s executive chairman Bill Ford Jr and chief exec Mark Fields told employees the company does not support the ban. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoSportPirateMeet The Woman Catherine Bell Is Dating At 52SportPirateUndoTaco RelishSuspicious Pics That Are Fishier Than The SeaTaco RelishUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndo Meanwhile, US banking giants have rallied behind staff, with the bosses of Goldman Sachs, JP Morgan and Morgan Stanley pledging commitment to their employees. Lloyd Blankfein, chief executive of Goldman Sachs, said the move was “not a policy we support”. Now Ford has spoken out against Donald Trump’s travel ban
Seven current and former VW executives have been charged with crimes relating to the scandal by the American authorities.A VW spokesperson that the company “deeply regrets the behaviour that gave rise to the diesel crisis”. Read more: Tata Motors announces tie-up with VW Skoda to ramp up presence in IndiaJohn Neal, assistant US attorney, told the court that VW had embarked upon a “well thought-out, planned offensive that went to the top of the organisation”. The illegal devices fitted into VW’s diesel cars allowed the vehicles to emit up for 40 times the legally-permitted levels of pollution.In January, VW made an agreement with the US Department of Justice to pay $4.3bn (£3.5bn) in fines, and has committed to reforms of the business. It will also be subjected to oversight by an independent monitor.The car maker has pleaded guilty to: whatsapp Saturday 11 March 2017 8:51 am Volkswagen has pleaded guilty to three US charges relating to the emissions scandal that emerged in 2015.The German company’s lawyer Manfred Doss said VW had committed criminal acts in both Germany and the United States, and admitted that cars were fitted with software that allowed them to cheat emissions tests over six years. conspiracy to commit fraud; obstruction of justice; and entry of goods by false statement. Volkswagen pleads guilty to US charges in emissions scandal US district judge Sean Cox described the emissions scandal as a “very, very serious crime”. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Share Helen Cahill whatsapp
UK and US should have mutual recognition of financial sectors on ‘day one’ of a post-Brexit trade deal, says new report
Tuesday 18 September 2018 2:43 pm UK and US should have mutual recognition of financial sectors on ‘day one’ of a post-Brexit trade deal, says new report “Given the experiences after the 2007–2008 financial crisis, we believe the two regimes are generally already synchronized and seek to achieve the same outcomes.”City of London Corporation Policy Chairman Catherine McGuinness welcomed the report, saying bringing the financial centres of New York and London closer together would “bring benefits to millions of businesses and individuals across the world.”She added: “Maintaining and boosting the transatlantic financial and professional services industry is a top priority for the City of London Corporation.”A UK Finance spokesperson said:“The US is and remains an important market for the UK banking and finance sector, and we support proposals to allow more efficient cross-border trade in financial services across the Atlantic.“This should go hand in hand with securing an effective transition and future market access agreement between the EU and UK, which will be an important element in building future trade with key markets such as the US.” whatsapp The UK and US should seek an immediate system of mutual recognition to deepen trade in financial and professional services, according to a new report produced by policy experts from both sides of the Atlantic. Owen Bennett Earlier this month, James Bardrick, head of Citi UK and chief executive of Citigroup Global Markets, warned MPs the government’s plan for ‘enhanced equivalence’ with the EU instead of mutual recognition could have “knock on” effects for the rest of the economy.Appearing before the Treasury Select Committee on September 11, Barclays Ireland chief executive Kevin Wall echoed those concerns, saying: “Enhanced equivalence, for it to be of value to financial services sector, would have to be as close to passporting as possible.”As well as calling for mutual recognition in the financial sector, the report also calls on the UK to scrap tariffs on virtually all goods and give complete freedom of movement to American workers – providing the US offers the same deal in return.The report argues opening up the NHS to “foreign competition” would improve the health service – although the authors acknowledge this would be “extremely controversial.”US firms should run schools and legal services first to “test the waters” before the NHS is brought into play, it claims.The think tanks who contributed to the report include the Adam Smith Institute, The American Enterprise Institute, the Centre for Policy Studies, the Competitive Enterprise Institute, the Institute of Economic Affairs, the Manhattan Institute, Mercatus, Politeia, and the Heritage Foundation. whatsapp The proposal is one of a range of suggestions put forward by a group of 11 think tanks in a document titled “The Ideal US-UK Free Trade Agreement”, co-authored by Conservative MEP Daniel Hannan.It calls for a post-Brexit free trade deal between the UK and US to include mutual recognition in the finance and services sectors from “day one” as a way to increase competition.The call comes as the UK seeks a so-called ‘enhanced equivalence’ relationship with the EU’s financial sector after Brexit, with Brussels blocking any move for mutual recognition between the two markets.The report says: “Both sides have strong financial services sectors, which could thrive when subjected to greater competition.”It is proposed that mutual recognition exist across all financial sectors (including banking, investment banking, dealing, broking, fund management, custody, derivatives dealing, clearing, financial infrastructure, and, where possible insurance and reinsurance) from day one. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share Tags: Brexit UK trade US markets
August Graham The Financial Industries Association’s chief executive Walt Lukken welcomed Dombrovskis’s comments on reaching a deal and avoiding a cliff edge.He told City A.M: “We look forward to the publication of the Bank of England/European Central Bank report as an important step towards providing certainty that the market benefits of clearing will not be interrupted.”A spokesperson for UK Finance said: “A ‘no deal’ scenario can and should be avoided and it’s vital there is clear focus on agreeing a managed exit.“The government is taking a pragmatic approach to addressing critical cliff-edge issues and to ensure consumers and businesses can continue accessing vital cross-border services.“However, these issues cannot be addressed by the UK acting alone. It is therefore crucial that progress is made by politicians on both sides. So that regulators and governments can work together to agree solutions that prevent any unnecessary disruption and additional costs for customers in both the EU and UK.” Thursday 18 October 2018 11:10 pm Share European officials have said there will be no cliff-edge drop for derivatives markets if Britain leaves the EU without a deal. Olivier Guersent, an aide to the bloc’s head of financial services, told a Politico event: “There is no cliff edge.”He made the remarks after his boss, Valdis Dombrovskis, had said that derivatives clearing was an area of concern.However, Dombrovskis said the private sector should move its contracts from London to the EU to mitigate risks before Brexit.He said the EU could consider new regulations after a report, expected to be published in the coming days.The study, led by the Bank of England and the European Central Bank, will show its initial findings into potential stability risks to markets around Brexit day. whatsapp UK not heading for derivatives cliff edge after Brexit, say EU officials whatsapp Tags: Brexit
whatsapp Tags: Amazon Apple Microsoft Amazon becomes most valuable company after overtaking Microsoft More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com The retail giant owned by Jeff Bezos is now worth roughly $793bn, as investors swooped up shares following robust sales during the crucial Christmas trading period.Such an improvement in the company’s stock performance comes after Amazon suffered one of its steepest quarterly drops in share value since 2008 at the end of last year in the wake of disappointing results.Last week Apple also sparked panic on markets after warning that it would miss its quarterly sales forecast. Sebastian McCarthy Monday 7 January 2019 11:14 pm whatsapp Share Amazon reclaimed its crown as Wall Street’s stock market darling this evening, passing Microsoft to take the lead in a three-horse race which has seen fellow tech giant Apple fall behind in recent weeks.Microsoft’s six-week run as the largest global company by market value was ended when the bell closed on Wall Street today after Amazon’s share price surged 3.5 per cent.
Tags: Trading Archive Wages grow at their fastest rate since 2008 as employment rate hits joint record high whatsapp whatsapp The employment rate 75.8 per cent – higher than the 75.2 per cent recorded a year earlier – the joint highest since records began in 1971, with 32.6m people in work.The unemployment rate remained at four per cent – it has not been lower since December 1974.ONS senior statistician Matt Hughes said: “The labour market remains robust, with the employment rate remaining at a record high and vacancies reaching a new record level.”The unemployment rate has also fallen, and for women has dropped below 4 per cent for the first time ever.”Average weekly earnings in the UK surged 3.4 per cent to December, giving households even more of a boost as inflation continues to fall. Share UK wages grew at their fastest pace in a decade in the final three months of last year.Wages grew 3.4 per cent for October to December last year, according to the Office for National Statistics, up from 3.3 per cent growth to November, as vacancies reached a new record high. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatter Callum Keown Tuesday 19 February 2019 9:43 am But EY Item Club economist Howard Archer said it “remains to be seen” whether the labour market can retain its strength in the coming months amid Brexit uncertainty.[custom id=”108″] The number of UK workers rose by 167,000 compared with the previous three months, while the number of unemployed people fell by 14,000.”The labour market is a bulwark for the UK economy just as it enters a testing period,” Institute of Directors senior economist Tej Parikh said.”Businesses have shown resilience in the face of uncertainty by opening new positions and hiring at a rapid pace. The jobs boom in turn has provided uplift to the economy, bringing more people into work and helping support household incomes.“With wages now rising above inflation, workers will feel their pay packets going even further, which should give some reprieve for embattled retailers down the line,” he added.Employment minister Alok Sharma said the figures showed the “underlying resilience” of the UK jobs market even amid global economic challenges.
City Moves for 3 April – who’s switching jobs at Finastra, Trustpilot and Softomotive? City Moves Share Who’s on the move today?FinastraFinastra has announced the appointment of Sharon Doherty as chief people officer. Sharon joins from Vodafone, where she held the position of global organisation and people development director. In her new role at Finastra she will have global responsibility for making Finastra the most inclusive employer in the fintech industry. Wednesday 3 April 2019 12:37 am whatsapp whatsapp Tags: Trading Archive by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMisterStoryWoman files for divorce after seeing this photoMisterStoryElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance Based at Finastra’s headquarters in Paddington, London, she will be a member of the Finastra executive leadership team and will report directly to Finastra chief executive Simon Paris. Sharon was a driving force behind Vodafone’s award-winning diversity and inclusion agenda and was recognized in the 2018 Outstanding Leaders and Allies list. Her previous experience also includes chief of human resources at Laing O’Rourke and senior roles at BAA, General Electric, PwC and Kingfisher.TrustpilotTrustpilot, the leading independent platform for companies to build trust with consumers, today announces the appointment of Gabriele Famous as chief marketing officer. She will report to Trustpilot founder and chief executive Peter Holten Muhlmann. Gabriele brings extensive track record driving global growth and brand recognition at fast-growing software and cloud-based technology platforms who lead their categories.She joins from the world’s largest construction collaboration platform, Aconex, where she was chief marketing officer. Prior to Aconex, she served in senior global marketing positions at Zendesk and Salesforce in Silicon Valley. Based in London, her role at Trustpilot will be to lead strategic and operational marketing functions globally. Focus areas for Gabriele will include go-to-market strategy, pricing and sales enablement, brand and product positioning, and customer experience programmes.SoftomotiveSoftomotive has announced the appointment of Guy Berruyer as chairman of the board. Guy is the former chief executive of Sage Group, the accounting software firm, and successfully led the company to a subscription software model. He brings his experience not only as a former FTSE 100 chief executive but also as chairman of software company Linaro, director at Berger Levrault and non executive director at Meggitt PLC.He is also a senior advisor at Warburg Pincus LLC and former council member at the University of Southampton. Founded in 2005, Softomotive has been a pioneer in the robotic process automation marketplace and now has more than 8,000 customers worldwide. Last September. it announced its Series A financing round of $25m (£19.2m), to help build on its strong and growing position.
In a morning audio note he said: “Does this matter? It matters if you are a Chinese pig. It matters if you like eating pork in China – it “does not really matter to the rest of the world.” Donovan made the comments in reference to a rise in Chinese consumer prices, which has been driven by surging pork prices after an outbreak of swine fever. Last year, Italian luxury brand Dolce & Gabbana also got into hot water over Chinese culture. The Swiss banking giant apologised earlier this week after its global chief economist’s comments sparked outrage in China. Chinese state media has warned UBS economist Paul Donovan must “pay the price” over remarks he made referencing Chinese pigs. Read more: UBS shareholders revolt over €4.5bn French tax fraud fine Saturday 15 June 2019 11:06 am whatsapp Share “Whether or not Donovan was fired is still unknown, but those who insult Chinese people must pay the price,” the People’s Daily, the newspaper of China’s Communist Party, said in a commentary last night. whatsapp UBS apologised for the “innocently intended” comments and put the economist on leave. Callum Keown Read more: UBS apologises after economist’s ‘Chinese pigs’ comment sparks public outrage “Otherwise, relapses will be inevitable, and would-be offenders will be incentivised to do the same,” the newspaper warned. The fashion house caused an uproar after one of its advertisements showed a model of East Asian ancestry struggling to eat pizza with chopsticks. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.Elvenar State-run news platform Global Times reported that the economist used “distasteful and racist language” to analyse China’s inflation. UBS economist must ‘pay the price’ over Chinese pigs comment, state media says The Chinese Securities Association of Hong Kong also rejected the apology and demanded the economist be sacked by UBS.
Benedict SpenceBenedict Spence is a freelance writer. He is on Twitter @BenedictSpence Or you could just do away with the pleasantries if you’re that kind of employer, and call people the same name regardless. A technique I was given at school was to ask a new acquaintance their name, and then repeat it straight away, usually in the format: “So-and-so? How do you do, So-and-so, I’m So-and-so,” which gets confusing if you’re both called So-and-so. It works, though. Asking for business cards straight away is good for reinforcing the information. This may come as a shock, but people can get quite touchy about their names. Generally speaking, they’ve had it for as long as they can remember, so when you don’t know it, they feel you don’t know them. Most people who went to the right schools or universities tend to only have the same few names anyway, so that helps. You don’t want it slipping out that the name of the person you’ve just met reminds you of something uncouth. whatsapp If you’re bad at remembering names, here’s how to get around the issue You can apply the same principle to your employees. Only hiring people from a select pool of names lowers the mental capacity needed to recall them all. You will also save a great deal of money on mundane items, like name tags. It doesn’t get easier. New business meetings, mergers, networking events. As you move up the corporate ladder, people enter the firm below you, and you have to learn their names, too. So, that’s a lot of names to learn, and a lot of offence to cause if you fail. But if you don’t have the power to get away with that, what then? I have never been good with names. It’s a shame, because I’m pretty good with faces, and can usually tell within seconds of meeting someone whether or not we’re likely to get along. Where possible, group names together. I used to do this with girlfriends I knew wouldn’t last, making it easier to recycle birthday cards, and limiting the odds of saying the wrong name in the throes of passion. This can be quite daunting on your first day in a new job when, like a rabbit in the headlights, you are pelted with information at such a rate you even forget what your own name is. However, there are ways to get round the issue, if it’s one you struggle with. If you only go out with Charlottes, the ill-judged tattoo you got of the first one’s name is suddenly a smart long-term investment, rather than an error of judgment. Finally, you could always try mnemonics and association – linking the person’s name to something that reminds you of it, like a word, an object or place, to trigger when you need reminding. And though it might be tempting not to, try to make it something palatable. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionMisterStoryWoman files for divorce after seeing this photoMisterStoryUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance It’s a cliche – the senior figure who just addresses his underlings by the surname of the assistant he first had 30 years previously, and all the rest in between – but there’s a reason why it has stuck. In my first job in London, I worked in an office with just 13 other people. I hit it off with all of them immediately. It was five weeks before I could remember who the hell any of them were. Monday 24 June 2019 8:35 am Share whatsapp If you’ve already been on speaking terms for a few minutes, they may take this as an assault on their person.
Alex Daniel Sir Richard Branson’s Virgin Galactic faces first investor vote of confidence on stock market listing SCH was formed in 2017 and already trades on the New York Stock Exchange. It plans to merge with Virgin Galactic, bringing the space travel venture onto the market in an unconventional move which would avoid the traditional risks of an Initial Public Offering. All images: Getty (Getty Images) Sir Richard Branson’s space tourism venture Virgin Galactic faces its first test of investor confidence in a proposed stock market float tomorrow. “We look forward to the conclusion of this deal and the introduction of the first publicly traded human spaceflight company.” Read more: Richard Branson’s Virgin Galactic plots public listing Virgin Galactic has gone furthest on the journey to fully-fledged space tourism, however. It has already sold 600 tickets to take passengers into space, at $250,000 each. “We fully anticipated the need for an extension vote from our shareholders, and we remain on our original timetable. We are also confident that our shareholders will approve the extension vote, and will announce the results soon after the meeting. An SCH spokesperson said: “Our merger with Virgin Galactic is on track and on schedule. As we said when we announced the merger in July of this year, we expect the deal to close in the last quarter of 2019. Branson’s space company is racing to become the first private company to take customers into space next year. Rivals include Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin. Space X has thus far focused on cargo missions, but Musk has expressed a desire to take passengers into space. The commercial space race whatsapp Read more: European Space Agency spacecraft in near miss with Space X satellite In that case, investors get back $712m (£578m) next week. They will vote tomorrow on whether to allow this to happen or whether to postpone the deadline for a merger until December and subsequently keep their cash in the Virgin Galactic float. Would-be shareholders will vote on whether to back the entry via investment vehicle Social Capital Hedosophia (SCH), or whether to withdraw their cash entirely. The deadline for this is fast approaching, and looks set to be missed, however, which would see SCH go into liquidation. Sunday 8 September 2019 2:04 pm whatsapp Meanwhile, Blue Origin is building a rocket with a passenger capsule housing six seats and large windows to view the curvature of the Earth. Anyone can reserve a seat on the website already, although actual take-off dates have yet to be announced and prices aren’t known. Share A stock market listing would make Virgin Galactic the only publicly-traded human spaceflight company. Tags: Aerospace Richard Branson Virgin Galactic