Global Shifts: From Space Ventures to Leadership in Luxury Automobiles
The Financial Times highlights global stories including, Skyrora's exploration of launching from Australia due to UK facility constraints, Jaguar Land Rover's new leadership under Tata Motors' CFO, German finance minister's criticism of Trump's policies, LGT's investment in Teneo, and UK's aim to expedite clinical trials.
Scottish rocket maker Skyrora is venturing to Australia to launch its rockets after discovering a lack of available facilities in the UK, despite obtaining a license. This move underscores a growing trend in aerospace firms seeking international partnerships to overcome domestic limitations.
In a significant executive reshuffle, Jaguar Land Rover has announced PB Balaji, Tata Motors' CFO, as its new chief executive. This appointment marks an increasing influence of the Indian conglomerate over the UK-based luxury car manufacturer.
Germany's finance minister condemned former US President Donald Trump's interventions in the Federal Reserve's operations as politically "wrong." Meanwhile, Liechtenstein's LGT has invested in Teneo, valuing the firm at $2.3bn. The UK endeavors to streamline clinical trial setups, reducing timeframes significantly to attract more investments in life sciences.
(With inputs from agencies.)
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