He is joining a consortium behind Oneweb that also includes Bharti Global. It is part of efforts to create a home-grown alternative to the US military’s GPS service and Europe’s Galileo programme.
Dozens of Britain’s biggest listed companies have cancelled, deferred or delayed payouts after the pandemic threw their businesses into disorder, striking a blow to pensioners and savers.
Investors took flight from airlines and tour operators after the Government removed Spain from the quarantine-free list with just a few hours’ notice. And thousands have cancelled trips.
Italian-born Stefano Pessina built the £26billion empire through a series of deals over four decades, and took the top job in 2015 shortly after the merger of Walgreens and Alliance Boots.
Prices tore past the 2011 peak of $1,921 per ounce – reaching as high as $1,939.63. Gold has risen by around 28 per cent so far this year as the pandemic sent stock markets into turmoil.
The Foreign Office updated its travel advice for the Balearic and Canary Islands, advising against all ‘non-essential’ travel in line with rules on the Spanish mainland.
Downing Street today dismissed reports that the Government is planning to force all over-40s to pay more tax to fund their social care.
A question still to be convincingly answered, though, is where the power to fuel mass adoption of electrical vehicles is going to come from.
Some 125 fixed deals are set to finish at the end of July and August, meaning millions of bills will increase, according to data from comparison site Uswitch.
With US-China relations deteriorating, Covid-19 cases spiking and Washington slow to agree a stimulus bill, gold is seen as a safe haven for investors amid such times of turmoil.
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