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UK government wins OneWeb bid

The UK government has taken a £400 million [$500 million] stake in bankrupt satellite firm OneWeb as it plans to replace the EU Galileo sat-nav system when the UK’s membership of it ends in January 2021.

Raab hints at future policy change paving the way to British citizenship for BNO holders in Hong Kong

Foreign secretary Dominic Raab has said that the government could change policy to open up a road to UK citizenship for British National Overseas [BNO] passport holders in Hong Kong, should China refuse to axe plans for a new national security law there.

Covid-19 impact will be worse than 2008 recession, Driver Require report says

Specialist driver recruitment agency Driver Require has released an in-depth analysis on how the Covid-19 pandemic will affect the economy, speculating that a U-shaped global recession is the most likely outcome, and it may take until 2025 for GDP to return to pre-pandemic levels.

Alba Power announces ten-year contract extension with US client

Turbine specialist Alba Power has announced that a petrochemical client based in the US has renewed its contract with the business for a further ten years.

Dame Karen Pierce becomes first female ambassador to US

The government has appointed Dame Karen Pierce as the new ambassador to the US, making her the first woman to hold the post.

Fears over US tariffs on EU-made goods

Many products originating from the EU will now be more expensive for buyers in the US after Washington DC imposed tariffs equalling £6.1 billion just after midnight EST on October 17.

FirstGroup to offload US arm amid activist pressure

Transport giant FirstGroup is seeking to sell off its Greyhound buses arm in the US as it wrangles with one of its major shareholders.

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Ministers open-minded about vaccine passports