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Richard Branson agrees to sell part of Virgin Galactic to fund his empire

Richard Branson has agreed to sell shares worth around 500 million US dollars (£405 million) in his Virgin Galactic space business to raise funds...

Musk threatens to move Tesla factory from California after lockdown row

Tesla CEO Elon Musk has threatened to pull the company’s factory and headquarters out of California in a spat with local officials who have...

US House politicians want to grill Amazon boss over market dominance

US politicians investigating the market dominance of Big Tech are asking Amazon chief executive Jeff Bezos to give evidence to address possible misleading statements...

US unemployment rate soars to 14.7%

The US unemployment rate hit 14.7% in April, the highest since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss...

More than 33 million apply for US unemployment benefits

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the coronavirus outbreak deepened the worst US...

Heathrow to begin temperature screening of passengers

Heathrow is to begin temperature screening of passengers, several weeks after the measure was deployed by many other major airports around the world. Chief executive...

Qatar Airways plans ‘substantial’ lay-offs

Long-haul carrier Qatar Airways it to lay off staff due to the impact of the coronavirus pandemic. The Doha-based airline did not reveal the number...

Tesla CEO Elon Musk set for £600 million payday after targets reached

Tesla chief executive Elon Musk looks set to receive a £600 million boost to his wealth after his company hit its targets. The electric car...

Third of UK restaurant and pub bosses intend to permanently close sites – survey

A third of restaurant and pub bosses have said they expect to permanently close sites as a result of the coronavirus pandemic. A survey of...

GM profit slumps by nearly 90%, with worse to come

General Motors’ first-quarter net income fell 88%, but it still managed to make 247 million dollars (£198 million) despite the arrival of the coronavirus...

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