Tag: CNBC

Virgin Orbit Faces Bankruptcy as Valuation Plummets to Less Than $100 Million

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Virgin Orbit, the satellite launch company backed by British billionaire Richard Branson, is reportedly on the brink of bankruptcy. The company’s valuation has taken a massive hit, falling from nearly $4 billion in 2021 to less than $100 million today. According to CNBC, the company has struggled to generate enough revenue due to its inability […]

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IMF Chief Issues Gloomy Assessment of Global Economy

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The IMF chief has issued a gloomy assessment of the global economy, signalling that the fund will issue fresh downgrades of its economic projections next week. Kristalina Georgieva warned that growth in all of the world’s largest economies was slowing down, leaving “severe strains” in some places. The near collapse of some UK pension funds […]

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