Chinese launch startups CAS Space, Landspace advance plans for IPOs
15 Aug
Top Stories

Chinese launch startups. CAS Space and Landspace advance plans for IPOs

Posted by author-avatar
0
HELSINKI – Two of China's most prominent private space companies, CAS Space and Landspace, are taking significant steps towards becoming publicly listed, signalling a new phase in the country's burgeoning commercial space sector. Both firms have initiated the formal processes required for an Initial Public Offering (IPO) on the Shanghai Stock Exchange's STAR Market, a board dedicated to technology and innovation-driven enterprises. CAS Space, a spin-off from the Chinese Academy of Sciences (CAS), has already completed its IPO counselling with regulators. This marks the first official hurdle cleared on its path to a public listing. The move highlights the company's progress and the growing maturity of its operations. Known for its Kinetica series of rockets, CAS Space is also actively developing a suborbital vehicle for space tourism, with a target of beginning commercial services. The company's...
Continue reading
News Corp veteran Clare Armstrong poached for the ABC’s chief politics job
15 Aug
Politics

News Corp veteran Clare Armstrong poached for the ABC’s chief politics job

Posted by author-avatar
0
The ABC has picked a News Corp veteran for the national broadcaster’s chief digital political correspondent role.News Corp's Clare Armstrong is heading to the ABC as its chief digital political correspondent (Image: AAP/News Corp) News Corp’s national political editor Clare Armstrong is headed to the ABC after almost a decade with Murdoch, Crikey can reveal. Armstrong will take up the role of chief digital political correspondent, taking over from Jacob Greber, who recently headed to 7.30 as political editor to replace Laura Tingle. Tingle stepped down in May to become the ABC’s global affairs editor, replacing veteran reporter John Lyons, who moved from global affairs to the Americas beat. Armstrong is no stranger to the ABC, having appeared a number of times on the broadcaster’s flagship political discussion show, Insiders. Having started as a cadet with Brisbane’s Courier-Mail...
Continue reading
How ‘Papaya’ politics may decide Piastri’s F1 title hopes
15 Aug
Politics

How ‘Papaya’ politics may decide Piastri’s F1 title hopes

Posted by author-avatar
0
McLaren have a conundrum: When, and how, will they decide which of the drivers of their 600-horsepower beasts will take top billing at season’s end? Just nine points separate Oscar Piastri and Lando Norris in the drivers’ championship. Their next-closest competitor, Max Verstappen, is 88 points behind Norris. The last time Australia had an F1 world champion was when Williams driver Alan Jones won the championship in 1980, and Piastri has every chance of breaking that drought after the season resumes in the Netherlands on August 29. With 14 races left this year, the obstacle in Piastri’s way is his McLaren teammate Norris, who is also seeking a maiden championship. Not since 2021 – when Red Bull’s Verstappen claimed his first drivers’ championship with a final lap overtake on Lewis Hamilton at the last race of the season –...
Continue reading
Fuelled by property growth, MTR interim profit up 27pc
15 Aug
Business News

Fuelled by property growth, MTR interim profit up 27pc

Posted by author-avatar
0
Business The MTR Corporation has reported a 27 percent increase in profit in the first half of the year, thanks to higher patronage as well as its property business. The rail operator said interim profit reached HK$7.7 billion, up from HK$6.04 billion in the same period last year. The company said local transport operations saw steady revenue growth, driven by an increase in patronage from cross-boundary and high-speed rail services. Property development, including projects at Ho Man Tin and Wong Chuk Hang stations, contributed to the bigger bulk of the first-half profit at HK$5.5 billion. That more than tripled property earnings of HK$1.7 billion a year ago. Total revenue declined 6.5 percent year on year to HK$27.3 billion, partially dragged down by a drop of HK$1.2 billion in investment property valuation. Speaking at a press conference, Jacob Kam, the MTR's chief...
Continue reading
Load more posts
Loading...