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...The UK, along with the US and France, reached the deal in 2020 after the aircraft maker admitted to offences spanning multiple countries, including kickbacks to executives at Indonesia’s state-owned airline...
...Chief executive Peggy Johnson, who oversaw the release of Magic Leap 2 last September, alluded in a recent company blog post to a new revenue stream, saying it has “received an incredible amount of interest...
...As the deal on competition was struck, Italy’s Avio withdrew its small Vega launcher from Arianespace, the subsidiary of ArianeGroup that markets and manages all of Europe’s launches....
...peggy.hollinger@ft.com...
...Bruno Le Maire, finance minister of France, said the three-way deal “opened a new era for European launch. It will allow Europe to continue to play a role as a great space power.”...
...The Fuchs family is expected to hold a 63.4 per cent stake after completion of the deal, with KKR holding 34.1 per cent....
...The deal is expected to be completed in the first half of 2024, pending regulatory approval....
...The deal announced on Wednesday formalises the partnership unveiled in January on Voyager’s Starlab project and will see Airbus replace US defence company Lockheed Martin as its main industrial partner....
...Overall commercial property deal volume, which captures transactions in office, industrial, retail, hotel, apartments and senior housing, fell 37 per cent from a year ago to $14.2bn in the first six months...
...Tata could build the gigafactory at Bridgwater in south-west England in conjunction with Envision, a Chinese company, according to people briefed on the deal....
...The next generation will have to deal with a world where young people are likely to be less well off than their parents, where a war is already raging on Europe’s eastern borders and where inflation is rampant...
...UK prime minister Rishi Sunak unveiled the deal on Wednesday with Natarajan Chandrasekaran, chair of parent company Tata Sons, at JLR’s factory at Gaydon in Warwickshire....
...Just 100 employees remain to keep the company going while Hart makes last-ditch efforts to execute a deal. However, people close to the company said this now looked unlikely....
...As part of the funding deal, Virgin required the “termination of certain trademark licenses used by the debtors”, the filings revealed....
...Peggy Hollinger explores in this FT film. Chart of the day The US economy’s lead over that of Europe is set to last into 2024 and beyond, experts forecast....
...That excludes the EU and Japan, which lack such deals with the US. Volkswagen, BMW and Enel are among the major European companies to review their investment plans in the bloc in light of the IRA....
...Pepsi vs Carrefour: Consumers are paying the price for French retail rules that have inflamed a battle between the brands, writes Peggy Hollinger....
...Opinion: Even if Boeing’s recent incidents are eventually blamed on suppliers, winning back investor and consumer confidence will be difficult, writes Peggy Hollinger....
...seeking assurances from the UK that it will secure a share of any future financial settlement stemming from a British corruption investigation into aircraft maker Bombardier after Jakarta was left out of a deal...
...And in the FT, I was fascinated by my colleague Peggy Hollinger’s Big Read on the race to tap solar power from space to fight climate change....
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