Virgin Orbit will let go 85% of its staff and cease operations for the foreseeable future, a filing says Richard Branson’s satellite launch company, Virgin Orbit, has revealed it will cut 675 jobs, or almost all of its personnel, after failing to secure funding over a failed mission.
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The current year could prove even more profitable for Russian banks than record-breaking 2023, Central Bank Deputy Governor Olga Polyakova said at a conference on Tuesday. Last year, a sharp rise in mortgages as well as consumer and corporate lending resulted in banks posting profits of 3.3 trillion rubles ($35.4 billion), despite Western sanctions on…
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The Russian president paid tribute to his counterpart’s “independent foreign policy” after he won reelection Russian President Vladimir Putin congratulated Turkish President Recep Tayyip Erdogan on winning a third term in office on Sunday. Putin thanked Erdogan for his “personal contribution” to strengthening relations between Russia and Türkiye.
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