The UK economy contracted by 0.2% in the third quarter, early official figures show – prompting the chancellor to warn that the “tough road ahead” will require “extremely difficult decisions”. The figure marked the first step towards recession. The Office for National Statistics (ONS) reported a dip in output for September, leaving gross domestic product
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ISRO announced on Thursday that the payload capability of India’s heaviest LVM3 rocket has been enhanced by up to 450kg with a successful engine test. According to the Indian Space Research Organisation, the CE20 cryogenic engine indigenously developed for Launch Vehicle Mark 3 (LVM3) was subjected to a successful hot test at an uprated thrust level
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Rivian (RIVN) released its third-quarter earnings results Wednesday after stock market close as the EV maker battles rising costs while it scales production. According to Rivian’s latest filing, the automaker missed Wall Street revenue expectations in Q3 but reaffirmed its 25,000 production goal for 2022. Rivian Q3 2022 earnings preview Yesterday, we released a preview
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Binance is backing out of its plans to acquire FTX, the company said Wednesday, leaving Sam Bankman-Fried’s crypto empire on the verge of collapse. The reversal comes one day after Binance CEO Changpeng Zhao announced that the world’s largest cryptocurrency firm had reached a non-binding deal to buy FTX’s non-U.S. businesses for an undisclosed amount, rescuing the
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Joe Biden has described the midterm results so far as a “good day for democracy” and a “good day for America”. Speaking at the White House on Tuesday afternoon, the president said the results, although still unclear, represent a “clear and unmistakable message to preserve our democracy”. “The American people have spoken and shown that
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