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Volocopter GmbH files for insolvency amid funding struggles

Volocopter files for insolvency, struggles to secure funding; plans to continue operations amid financial challenges in eVTOL industry.

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Volocopter files for insolvency, struggles to secure funding; plans to continue operations amid financial challenges in eVTOL industry.

German air taxi start-up Volocopter GmbH has filed for insolvency proceedings, citing a lack of funds to sustain regular business operations.

The company received backing from notable investors, including Mercedes-Benz and Honeywell, but has been unable to secure additional financing.

Despite its insolvency status, Volocopter plans to continue its business operations as it seeks new funding opportunities.

The Bruchsal-based firm expressed that recent fundraising efforts did not yield a viable solution to avoid insolvency.

The electric vertical takeoff and landing (eVTOL) sector is currently experiencing financial difficulties, with many companies striving for investments to support their substantial operational costs.

Lilium, another firm in the eVTOL industry, has also announced plans to file for insolvency due to unresolved financial issues.

Founded in 2011, Volocopter aimed to launch its urban eVTOL vehicle, the VoloCity, in 2025.

The industry is facing significant challenges as companies prepare for commercial operations amid ongoing financial pressures.

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Ukraine Russia peace talks stall with no breakthrough

Zelenskiy blames Moscow for stalling Geneva peace talks; negotiations to resume amid unresolved eastern territory and nuclear power plant disputes.

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Zelenskiy blames Moscow for stalling Geneva peace talks; negotiations to resume amid unresolved eastern territory and nuclear power plant disputes.

Two days of high-stakes negotiations in Geneva have ended without a breakthrough, as Ukraine and Russia failed to reach an agreement on key issues in the ongoing war. Despite international pressure, both sides walked away without a deal.

President Volodymyr Zelenskiy accused Moscow of deliberately stalling United States-mediated peace efforts, while Russia signalled it would not accept terms it sees as unfavourable. The White House says further talks are expected.

Major sticking points remain over territory in eastern Ukraine and control of the Zaporizhzhia nuclear power plant, with both sides rejecting proposals that would involve significant territorial concessions.

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Iran on edge as military build up meets domestic unrest

Iran strengthens military and nuclear sites amid US carrier presence, escalating fears of confrontation and internal dissent pressure.

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Iran strengthens military and nuclear sites amid US carrier presence, escalating fears of confrontation and internal dissent pressure.

Iran is ramping up military readiness as tensions with the United States intensify, with Tehran fortifying key nuclear sites and reviewing defence strategies amid the deployment of U.S. aircraft carriers in the region. Leaders in the Islamic Republic say they are prepared to respond to any imposed conflict, signalling a high-stakes standoff that could reshape regional security dynamics.

At the same time, the regime faces mounting domestic discontent, with security forces cracking down on dissent and carrying out widespread arrests following recent protests. While Iran insists it has made concessions toward a nuclear deal, Washington says key demands remain unmet, leaving negotiations in limbo and the country’s political future under strain.

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Jesse Jackson dies at 84 civil rights leader and presidential candidate

Civil rights leader Jesse Jackson, 84, dies, leaving a legacy in equality advocacy and global diplomacy.

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Civil rights leader Jesse Jackson, 84, dies, leaving a legacy in equality advocacy and global diplomacy.


Civil rights icon Jesse Jackson has passed away at the age of 84. Known as a servant leader, he dedicated his life to giving a voice to the oppressed and advocating for equality worldwide.

Jackson founded Operation PUSH and the National Rainbow Coalition, and served as a special envoy to Africa under President Bill Clinton, leaving a lasting impact on global diplomacy and social justice.

He also ran for the Democratic presidential nomination in 1984 and 1988, played a key role in US politics, and helped secure the release of hostages abroad, remaining a tireless advocate until his passing.

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