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☆ Inflation hits royal finances as King Charles turns down heating to save emissions
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +3 min

LONDON, June 29 (Reuters) - Soaring inflation has hit the finances of the British royals, pushing up expenditure, Buckingham Palace said on Thursday, as it revealed King Charles had ordered the heating in royal homes to be turned down to cut emissions. The report said 1.6 million pounds ($2 million) had been spent by the royals on the queen's funeral and related events. The British government said in May it had cost an estimated 162 million pounds overall, which includes the cost of policing and security. He said gas and heating emissions had fallen 19%, partly driven by the king having the thermostats turned down, and a 43% decrease in travel emissions. "The royals have long hidden their true cost, which we have worked out to be at least 345 million pounds.

Persons: Buckingham, King Charles, Sovereign Grant, Michael Stevens, Queen Elizabeth's, Stevens, Charles, Prince William, Graham Smith, Prince Harry, Meghan, Prince Andrew's, Michael Holden, Rosalba O'Brien Organizations: Sovereign, Thomson Locations: England, Wales, Duchy, Cornwall, Windsor, Royal Lodge

A version of this story appeared in the June 23 edition of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. London CNN —He’s heir to the British throne, is married to Catherine, Princess of Wales and is the father of a crowd-pleasing trio. But how much do you really know about the man who now holds the title of Prince of Wales? William and Kate carry takeout pizza boxes as they visit Dowlais Rugby Club in Merthyr Tydfil, Wales on April 27. Max Mumby/Indigo/Getty ImagesOne takeaway from William’s rare newspaper interview is how confident he is in the direction of his work.

Persons: London CNN —, Catherine , Princess of, Prince of Wales, –, William, It’s, ”, Gary, Marc, Arthur Edwards, We’ve, He’s, it’s, “, ” William, King, Kate, Max Mumby, Prince, Wales, we’ve, We’ll Organizations: CNN’s Royal, London CNN, Sunday Times, Times, Dowlais Rugby Club Locations: London, Catherine , Princess of Wales, United Kingdom, Cornwall, Merthyr Tydfil, Wales, Britain

☆ Investing in Space: Here are the rockets chasing to compete with SpaceX's Falcon 9
▼ + stars: | 2023-06-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +14 min

SpaceXCNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Overview: Chasing the FalconNo rocket has been better-described as a "workhorse" than SpaceX's Falcon 9. Aside from Blue Origin's New Glenn, the early theme is rockets that are close to the capability of Falcon 9 and less expensive. – CNBC, which the lawsuit says were used for NASA projects including the International Space Station and the Space Launch Systems rocket. – Firefly Aerospace: The rocket builder says the deal will bolster its launch, spacecraft, and lunar lander businesses.

Persons: CNBC's Michael Sheetz, Phil Smith, SpaceX's, Glenn, Smith, –, Smith doesn't, CNBC ULA, Tory Bruno, Jeff Bezos, ULA, – Read, Shepard, Bob Smith, Jim Free, Artemis, HawkEye, – Hydrosat, Leonardo DiCaprio, – Momentus, Westinghouse EchoStar's Hughes, – EchoStar, Iris Lan, Sumara Thompson, King, Lan, – NASA Celeste Ford, Ford, – SpiderOak Melissa Quinn, Quinn Organizations: SpaceX CNBC's, SpaceX, Falcon, Boeing, NASA, CNBC, CNBC Department of Defense, Ukraine, Starlink, Pentagon, –, Space Station, Systems, CNBC SpaceX, Cargo, International Space, FAA, Intelsat, Japan Airlines, Embraer, – Intelsat, Rocket, ONE, Washington, Spaceflight, Aerospace, Aerospace Spacecraft, York, MaC Venture Capital, Broom Ventures, Veto, TechCrunch Viasat, Air Force, Viasat, Westinghouse, U.S . Department of Justice, – NASA, Ford, Stellar Solutions Locations: Florida, China, Russia, Colorado, Ukrainian, Bellevue , Washington, Cortado, Cornwall

☆ King Charles is giving up the Welsh country estate that took him 40 years to find. Take a closer look at the 192-acre property.
▼ + stars: | 2023-06-05 | by ( Lydia Warren | ) www.businessinsider.com time to read: +1 min

King Charles is giving up the lease on his Welsh estate because he's too busy to use it. Since becoming king, he'd been renting the property, which is owned by the Duchy of Cornwall. He's handing back the keys of Llwynywermod Estate in Carmarthenshire because he can no longer use it like he has in the past, sources told The Telegraph. As Prince of Wales, Charles oversaw the Duchy, but it was passed down to Prince William upon the Queen's death in 2022. Take a closer look at Llwynywermod Estate, which sits on 192 acres outside the Bannau Brycheiniog National Park.

Persons: King Charles, he's, he'd, —, King Charles III, He's, Charles, Prince of Wales, Prince William Organizations: Service, Telegraph Locations: Duchy, Cornwall, Bannau, Wales, Estate, Carmarthenshire

☆ King Charles is handing back the keys to one of his many homes because he no longer has time to visit, report says
▼ + stars: | 2023-06-04 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

King Charles is giving up the lease on a cottage in Wales, The Telegraph reported. Since becoming king, Charles was renting the property which is owned by the Duchy of Cornwall. When he was the Prince of Wales, Charles oversaw a vast property empire owned by the Duchy of Cornwall, which his son William now controls. King Charles's home in Llwynywermod, Wales. William planned to stay in hotels to support the local economy when visiting Wales so didn't need a similar base there, representatives for the Prince of Wales told the newspaper.

Persons: King Charles, Charles, —, he's, King, Prince of Wales, William, King Charles's, Chris Jackson, Prince, Wales, didn't Organizations: The Telegraph, Service, Telegraph, Guardian, Windsor Castle, Wales Locations: Wales, Duchy, Cornwall, Llwynywermod, Windsor

CNN —It’s all systems go for Prince William’s Earthshot Prize lately. Now we’re hearing about a new partnership between the Prince of Wales’ initiative and online video platform YouTube. But away from the glitzy awards ceremony, some have wondered about the real-world impact of innovation prizes like Prince William’s. “Not only because of Prince William but the full Earthshot team that is there in order to support all the finalists. And I think it’s incredibly helpful to share some of the challenges that we have found along the way.”In recent weeks, Prince William even dropped by Notpla’s headquarters in northeast London.

Persons: CNN —, Prince William’s Earthshot, Prince, Prince William’s, William, Prince Philip, King Charles III ., Wales, Alex Bramall, Charles, Prince of Wales, King, Rodrigo Garcia Gonzalez, Gonzalez, Pierre Paslier, ” Gonzalez, “, Notpla’s, ” William, Jonathan Brady, Prince William, “ It’s, Kin Cheung, William “, David Attenborough, Annie Randall, King Charles, ”, couldn’t, Buckingham, Duke, “ He’s Organizations: CNN’s Royal, CNN, London, Imperial College London, Windsor, Getty Locations: Singapore, Wales, Kensington, Boston, United Kingdom, London, Cornwall, It’s

☆ Elliott seeks investigation into Deutsche Wohnen loan to Vonovia
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

DUESSELDORF, May 22 (Reuters) - Activist investor Elliott is calling for a special investigation into a loan that German property company Deutsche Wohnen (DWNG.DE) made to its top shareholder Vonovia (VNAn.DE), documents filed ahead of a Deutsche Wohnen annual shareholder meeting (AGM) show. In 2021, Vonovia completed the takeover of rival Deutsche Wohnen to create a property group with more than 500,000 apartments. In January 2022, Deutsche Wohnen disclosed in a public filing that it would lend up to 2 billion euros to its new main shareholder. Cornwall, an investment vehicle owned by Elliott, wants shareholders to vote to install an independent investigator to examine the loan at the shareholder meeting slated for June 15 to examine whether the loan was in the best interest of investors, the AGM documents show. Deutsche Wohnen's supervisory board said that it did not see any need for an investigation.

☆ Why this beautiful rainbow sea slug is such an incredible scientific find
▼ + stars: | 2023-05-19 | by ( Chris Panella | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

The rainbow sea slug is beautiful, vibrant, and an extremely rare find. The rainbow sea slug — scientific name Babakina anadoni — was found by rock pool enthusiast Vicky Barlow last weekend. Rainbow sea slugs are on the moveDiscovering the sea slug so far north is probably a testament to climate change. Rainbow sea slugs have been cited farther north than usual likely due to climate change. One video shared by the Rock Pool Project shows the rainbow slug in action, moving slowly along a rock surface.

☆ Where the royal family goes in London, from Indian restaurants to theme parks
▼ + stars: | 2023-05-02 | by ( Julia Buckley | ) edition.cnn.com time to read: +13 min

Well, they’re not, obviously – but sometimes they do put down their tiaras, leave their palaces and join the hoi polloi at restaurants, bars and even theme parks. He once called Brilliant Restaurant in Southall, west London his favorite Indian restaurant – and Gordon Ramsay is also a fan. Stuart C. Wilson/Getty ImagesBack in the noughties, party Prince Harry was a regular at Mahiki, a Tiki-themed bar-club-restaurant in Mayfair. Simon Dack/AlamyIn his memoir “Spare,” Prince Harry wrote about popping out to shop for clothes at T.K. Toby Melville/Getty ImagesThe-then Meghan Markle was apparently spied In the heart of Chelsea while she was engaged to Prince Harry, getting a facial from Sarah Chapman.

Jeremy Selwyn/WPA Pool/Getty Images Camilla stands next to Queen Elizabeth II during a Diamond Jubilee pageant on the River Thames in June 2012. Chris Jackson/Getty Images From left, Camilla, Charles, Queen Elizabeth II and Prince Philip attend the state opening of Parliament in May 2013. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William. Frank Augstein/WPA Pool/Getty Images In pictures: Britain's Queen Camilla Prev NextShe reportedly met Prince Charles at a polo match in Windsor in 1970 and they became friends. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William.

☆ King Charles has a personal fortune of almost $750 million — hundreds of millions more than the late Queen, report says
▼ + stars: | 2023-04-16 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

King Charles has a personal fortune worth nearly $750 million, The Sunday Times reported. Analysis by the London newspaper found he is worth about $285 million more than the late Queen. It generated £23 million ($28.5 million) in profits last year and £212 million ($263 million) in the decade to 2022. He is likely to be ahead of David and Victoria Beckham, who were worth £380 million ($472 million) in last year's ranking, and Sir Elton John, who was worth £395 million ($490 million). As King, Charles is now in control of the Crown Estate, worth about £15.6 billion ($19.4 billion).

☆ Virgin Orbit bankruptcy casts shadow over Japan's space dreams
▼ + stars: | 2023-04-07 | by ( Eimi Yamamitsu | ) www.reuters.com time to read: +4 min

Oita prefecture, home to Japan's largest number of hot springs, partnered with Virgin Orbit in 2020 to create its first Asian spaceport at Oita Airport using a Boeing (BA.N) 747 for horizontal rocket launches. Two Japanese companies, ANA Holdings (9202.T) unit All Nippon Airways Trading Co and little-known Japanese satellite development start-up iQPS Inc emerged among the top six creditors when Virgin Orbit filed for Chapter 11 bankruptcy protection on Tuesday. ANA said it was hopeful Virgin Orbit, which has said it is seeking a buyer, would be able to restructure and resume business. "We pray that Virgin Orbit will resume their business for the development of the global space industry." "It is possible that some other company will buy Virgin Orbit.

☆ Virgin Orbit COO calls out company leadership for failures in goodbye memo. Read the full email
▼ + stars: | 2023-04-04 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

Gingiss' email appears to call out Virgin Orbit CEO Dan Hart, although not by name, and offers an apology to employees that they "have not heard from the person who should be saying it." With Virgin Orbit now under bankruptcy protection, departing Chief Operating Officer Tony Gingiss had some choice words for the company's leadership, as well as a lengthy and detailed apology to its employees. Dear Virgin Orbit and Virgin Orbit National Systems current and former employees,Like many of you, today is my last day at Virgin Orbit. Thank you for everything you gave to me personally and to the dream of Virgin Orbit. Go boldly onto your next adventure and bring that special you that you brought to Virgin Orbit.

☆ What went wrong at Virgin Orbit? 4 red flags signaled trouble for Richard Branson's satellite launch firm.
▼ + stars: | 2023-04-04 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Richard Branson's Virgin Orbit struggled to make a comeback after a failed launch in January. Unlike SpaceX, Virgin Orbit blasts its LauncherOne rocket into space with the help of a modified Virgin Atlantic Boeing 747 called Cosmic Girl. This funding "was not enough to counter the strong headwinds and liquidity challenges Virgin Orbit continues to face," the spokesperson added. Ultimately, Virgin Orbit has been unable to reach the rate of launches needed to meet the required revenue, per CNBC. Funding issuesSince the failed UK launch, Virgin Orbit has attempted to rake in funding from investors, per reports.

☆ Here's what went wrong with Virgin Orbit
▼ + stars: | 2023-03-31 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +9 min

The deal, facilitated by a so-called blank check company, gave Virgin Orbit a valuation of nearly $4 billion. That debt gives the flashy British billionaire first priority of Virgin Orbit assets in the event of the now-impending bankruptcy. And Chief Strategy Officer Jim Simpson had also spent more than eight years in Boeing's satellite division before joining Virgin Orbit. That frustration continued after the pause, with employees confused by the lack of specifics about which investors were speaking to Virgin Orbit leadership. Virgin Orbit

☆ Virgin Orbit extends unpaid pause as Brown deal collapses, 'dynamic' talks continue
▼ + stars: | 2023-03-27 | by ( Michael Sheetz | ) www.cnbc.com time to read: +4 min

Virgin Orbit launches its LauncherOne rocket from the spaceport in Cornwall, marking the first ever orbital launch from the UK. (Photo by Matthew Horwood/Getty Images)Virgin Orbit is again extending its unpaid pause in operations to continue pursuing a lifeline investment, CEO Dan Hart told employees in a company-wide email. But discussions between Virgin Orbit and the Texas-based investor stalled and broke down late last week, a person familiar told CNBC. Virgin Orbit was spun out of Branson's Virgin Galactic in 2017 and counts the billionaire as its largest stakeholder, with 75% ownership. Mubadala, the Emirati sovereign wealth fund, holds the second-largest stake in Virgin Orbit, at 18%.

☆ Virgin Orbit raising $200 million from investor Matthew Brown, closing deal as soon as Thursday
▼ + stars: | 2023-03-22 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, two people familiar with the deal told CNBC, amounting to an injection of $200 million. The deal comes as Virgin Orbit scrambles to rebuild its cash coffers and avoid a potential bankruptcy filing, CNBC earlier reported. Virgin Orbit did not respond to CNBC's request for comment. Shares of Virgin Orbit surged 50% in early trading Wednesday from the stock's previous close of 44 cents a share. Virgin Orbit has been looking for new funds for several months, with majority owner Richard Branson unwilling to fund the company further.

☆ Virgin Orbit, Richard Branson’s Satellite-Launch Venture, Has Fallen Fast
▼ + stars: | 2023-03-18 | by ( Alistair Macdonald | ) www.wsj.com time to read: 1 min

Two months ago, Richard Branson ’s Virgin Orbit Holdings Inc. was poised to make history delivering the first satellites into orbit from the billionaire’s home country of the U.K.That high-profile launch from Cornwall, England, went badly, ending in the destruction of its satellite payload and triggering a probe into what went wrong.

☆ One of the youngest people in the world to 3D print a house became a CTO at 22. Here's how she did it.
▼ + stars: | 2023-03-15 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

Kristen Henry is the 24-year-old chief technology officer of 3D printed home company Sq4d. Falling for 3D printingIn her second semester, Henry found her calling in a 3D printing class called See It, Change It, Make It. A 3D print of Yale's campus that Henry made in her first 3D printing class. Henry went on to design a small-scale concrete 3D printer with a colleague for her senior year design project. Compared with traditional building methods, "3D printed houses are fireproof and waterproof and much stronger."

It was a far cry from the barbs Macron traded with Boris Johnson when he was in Downing Street. The French foreign minister at the time, Jean-Yves Le Drian, said France had been "stabbed in the back". Macron's hardball tactics to ensure French fishermen got a good deal had made him the bete noire of British tabloids. But even before news of the AUKUS deal he was incensed by Johnson's decision to leak details of their conversation to the press, a French official said. A French official let out a sigh of relief after it wrapped up: "It went well, didn't it?"

☆ A CIO shares the strategy behind 'The Big Short' garage hedge fund that flipped $110,000 to over $80 million — and explains how to use the same approach in today's stock market to make extremely cheap
▼ + stars: | 2023-03-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Universa Investments, a "black swan" hedge fund specializing in market shocks, sensationalized this approach after it made headlines in the first quarter of 2020 for a 4,144% return when the stock market plunged. So what we do for investors is our fund serves as protection against that sort of exogenous event, that sort of crash," Sidial said. In short, it's a bet against the odds in exchange for lofty returns, or what's known as convex payouts. However, if there's a market crash, the volatility on the VIX generally outperforms more than any other underlying securities in the US equities market, he noted. For example,Cambria Tail Risk ETF (TAIL) was up 27% from mid-feb to mid-march 2020 during the stock market crash brought about by the pandemic.

☆ McDonald's says it will remove a McCrispy ad opposite a crematorium that's been called 'tasteless'
▼ + stars: | 2023-02-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

McDonald's said it will take down an ad opposite a crematorium near Truro in Cornwall, England. The bus shelter ad is for the fast food chain's McCrispy burger. The company told Insider it was "unaware" of the ad's proximity to the crematorium sign. The shelter is opposite a crematorium near the town of Truro. A woman, whose mother-in-law had been cremated at the site, told the outlet she found the ad "tasteless."

☆ 'Farewell to a wonderful beast': Branson's homage to Boeing 747
▼ + stars: | 2023-02-01 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

[1/4] A rocket containing a payload of small satellites sits under the wing of "Cosmic Girl", a converted Boeing 747, at Cornwall Spaceport in Newquay, Britain, January 3, 2023 ahead of the first orbital launch from western Europe being planned by Virgin Orbit. REUTERS/Tim HepherPARIS, Jan 31 (Reuters) - British billionaire entrepreneur Richard Branson, who was inspired to start an airline with a single Boeing 747 after getting stuck on a delayed flight, paid tribute to the Queen of the Skies on Tuesday as Boeing delivered its final jumbo jet. "It gave America and Boeing the leadership role in aviation," said Branson, the son of a flight attendant who founded Virgin Atlantic in 1984 after cold-calling Boeing as a successful record publisher to ask about a second-hand 747. Branson's latest aerospace venture, Virgin Orbit, aims to launch satellites from a rocket released from under the wing of a 747 dubbed Cosmic Girl, formerly part of the same airline. "So farewell to a wonderful beast."

☆ Billionaire Richard Branson calls the Boeing 747 a 'wonderful beast' after the last jumbo jet is delivered but says it was 'too expensive'
▼ + stars: | 2023-02-01 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Richard Branson described the 747 as a "wonderful beast" as Boeing stopped production of the jets. Branson told Reuters the 747's daily fuel costs across the Atlantic became too expensive. Thousands of people gathered on Tuesday to celebrate Boeing delivering its final 747. "So farewell to a wonderful beast," Branson told Reuters. Insider attended the UK's first orbital space launch carried out by Virgin Orbit at Spaceport Cornwall.

☆ Spaceport boss says it's challenging being a successful woman in the space industry as some people exclude her from conversations
▼ + stars: | 2023-01-28 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Melissa Thorpe, a Spaceport boss, spoke about the criticism she gets as a woman in the space sector. The space industry is male-dominated, but Thorpe said she's questioning how things are done. Thorpe said she didn't get into the space industry in the traditional way. One out of 5 space industry workers are womenThorpe's seven-day job not only involves running the spaceport, but also going to conferences, traveling, and meeting with clients in different time zones. The United Nations reported in October 2021 that around one in five workers in the space industry are women.

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