Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg, with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies including Tesla. Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014.
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Britons eating out will get discounted food, house buyers will pay less stamp duty and companies will get bonuses for retaining workers under the chancellor’s plans to kickstart the UK economy. In his summer economic update to the House of Commons, Rishi Sunak warned the UK is facing “profound economic challenges” as a result of
Chancellor Rishi Sunak has announced a “plan for jobs” to stimulate Britain’s battered economy. Here are the key points: EATING OUT DISCOUNT In August, everyone in the country will be given an “eat out to help out” discount – 50% off at participating restaurants, cafes and pubs. It applies for a maximum discount of £10
Supercomputer-driven models simulated in Japan suggested that operating commuter trains with windows open and limiting the number of passengers may help reduce the risk of coronavirus infections, as scientists warn of airborne spread of the virus. In an open letter published on Monday, 239 scientists in 32 countries outlined evidence that they say shows floating
The World Health Organisation has recognised there is “evidence emerging” of airborne transmission of coronavirus, which could lead to changes of guidance on distancing. Speaking at a briefing on Tuesday, the organisation’s COVID-19 technical lead Maria Van Kerkhove said discussion was ongoing in response to evidence that shows some virus particles linger in the air
Online fashion retailer Boohoo has launched an independent review of its UK supply chain after allegations about working conditions at one factory. The company said it was “shocked and appalled” by claims in the Sunday Times that workers at a site in Leicester were being paid as little as £3.50 an hour, well below the
Donald Trump paid a friend to sit his SAT exams, his niece has claimed in a scathing tell-all memoir. Mary L Trump, a psychologist, wrote that the US president paid “Joe Shapiro, a smart kid with a reputation for being a good test taker” to take the exams, which are used for university admissions, to
NASA has added more safety fixes for Boeing’s space capsule before it can fly astronauts following a pair of close calls during last year’s test flight. In closing out the seven-month investigation, NASA officials said Tuesday they have now identified 80 corrective actions, mostly involving software and testing, that must be done before the Starliner capsule
Tesla’s Chief Executive Officer Elon Musk is “a genius who defies common sense and can be overly optimistic,” Panasonic’s CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the US carmaker. “I believe only geniuses can hold onto big visions, and a genius I know is Elon Musk,”
JK Rowling and Salman Rushdie are among 152 writers and academics who have signed an open letter denouncing the so-called “cancel culture”. Those who signed the letter have said they “applaud” recent protests for racial justice and greater equality, but added a “reckoning” has weakened tolerance of different opinions in favour of “ideological conformity”. The
A newly-discovered species of seaweed is spreading rapidly and killing large patches of coral in one of the most protected ocean environments in the world, researchers have said. A study from the University of Hawaii and others says the seaweed, which is part of the algae family, is spreading faster than anything they have seen
Thousands of protesters have clashed with riot police in the Serbian capital Belgrade after the country’s president announced the reintroduction of a lockdown following a spike in coronavirus cases. Serbia went from one of the strictest lockdowns in Europe to a near complete reopening of the country at the beginning of May. Football and tennis
Ministers have come under pressure over suggestions NHS workers may soon have to pay to park at their own hospitals again. A Tory peer and doctors’ union are among those calling for the exemption brought into force at the start of the coronavirus outbreak to continue. Healthcare staff were told at the end of March
Chancellor Rishi Sunak will spend £2bn funding hundreds of thousands of “work placements” to keep young people off the dole in his emergency economic update to MPs on Wednesday. Mr Sunak will put job creation and training schemes at the heart of the latest stage of the coronavirus recovery plan as the government begins to
Kasabian say former frontman Tom Meighan misled fans by choosing not to talk about his assault charge. Meighan admitted one count of assault by beating at Leicester Magistrates’ Court on Tuesday morning and was sentenced to 200 hours of unpaid work. The court heard he pushed his ex-fiancee, Vikki Ager, into a hamster cage and
Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion dollar acquisition of the residential solar installation company, Vivint Solar, Sunrun looks to solidify its