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Authorities allow Virgin Galactic to resume launches after mishap probe

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The U.S. Federal Aviation Administration has closed its mishap investigation into the July 11 Virgin Galactic Unity 22 launch

The Virgin Galactic aircraft had deviated from its assigned airspace on its descent

The FAA stated that Virgin Galactic had implemented changes that the agency had required upon how it communicates during flight.

The authority then confirmed that the Richard Branson backed company will be allowed to resume operations.

The FAA investigation:

The government investigation found the Virgin Galactic spacecraft had deviated from its assigned airspace upon its descent from space and the company failed to communicate the deviation to the FAA as required.

Virgin Galactic confirmed earlier this month it was planning another SpaceShipTwo flight from New Mexico, Unity 23, pending technical checks and weather. That flight is to carry three crew from the Italian Air Force and National Research Council, it added.

Virgin Galactic confirmed the FAA had accepted the corrective actions it proposed

The space company include updated calculations to expand the protected airspace for future flights and additional steps in the company’s flight procedures to ensure real-time mission notifications to FAA Air Traffic Control.

“The updates to our airspace and real-time mission notification protocols will strengthen our preparations as we move closer to the commercial launch of our spaceflight experience,” said Virgin Galactic Chief Executive Michael Colglazier.

Richard Branson was among six Virgin Galactic employees who took part in the July 2021 space mission, soaring more than 80 km above the New Mexico desert.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Tech giants drive global mega-cap surge amid inflation relief

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Tech giants have taken the lead in propelling global mega-cap stocks to new heights.

This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.

The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.

The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.

Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?

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Real reason bosses want employers back in the office

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As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.

 
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.

Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.

This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured

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Businesses cash in on Black Friday sales

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Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.

 
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.

The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.

Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.

Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured

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