Sky News

Mayhem broke out in Russia over the weekend but ultimately ended in an anticlimactic pullback by Russian mercenaries. In a television address to the nation Monday in response to the rebellion, Russian President Vladimir Putin called for justice.  What Happened: On ...

A highly anticipated SPAC merger could be announced within the coming weeks, according to Sky News. What Happened: Virgin Orbit, a satellite launch company owned by Sir Richard Branson’s Virgin, could announce a SPAC merger, the report said.  The company is 80% owned by Virgin Group and...

It was a slow week for the SPAC market, with three deal announcements and only a couple rumored deals. There also were no new SPAC offerings during the week — unusual for a market segment that has been so hot over the last year. Benzinga's "SPACs Attack" covered the deals and...

Skincare company Cellular Goods is poised to debut on the London Stock Exchange. According to Sky News, David Beckham's DB Ventures opted to purchase a stake in the U.K.-based company which produces cannabis-based skin care and athletic products. The company, backed by the soccer star, is...

Sky News in the U.K. reports that it has "exclusive" information on an IPO for currency exchange fintech TransferWise. What Happened: Sky News says the international payments company has asked bankers to give pitches next year for participating in an IPO. It should be noted though that...

Coronavirus vaccine developer AstraZeneca plc (NYSE: AZN) said Tuesday that a Phase 3 trial being conducted with Oxford University has been put on hold for a safety review. Several experts said they're not overly concerned the development will derail the likelihood of a COVID-19...

Chinese firm Jingye said this week that it will invest 1.2 billion pounds ($1.54 billion) in British Steel over the next decade as part of a deal to rescue the U.K. steelmaker and save 4,000 jobs, the BBC reported.  Full Circle: From Chinese Competition To M&A Deal With Jingye ...

U.K. Parliament has officially been suspended or “prorogued” until Oct. 14. The move has been met with protests from some MPs who were against the suspension. The decision comes after Prime Minister Boris Johnson’s bid to call a snap election in October was defeated for a...

Uber Technologies Inc (NYSE: UBER) stands a "next to no chance" of being granted a five-year permit to operate in London, a source told Sky News. What Happened Uber holds a temporary license to operate in London and will expire on Sept. 25, according to Sky News. The company already...

Reports emerging Wednesday from Westminster suggest that British Prime Minister Theresa May is set to resign, according to Sky News. It was reported earlier in the day that May was on her way to visit the Queen for her usual meeting.  May has laid out a fresh plan...

Any time a fatal crash involving a Tesla Motors Inc (NASDAQ: TSLA) occurs, it becomes an international story. According to Sky News, a 53-year-old man died when his Tesla Model S sedan crashed into a tree and set on fire in a town called Baarn in the Netherlands. Police are investigating the...