Tuesday , 16 December 2025

Recent Posts

Qantas Air ‘nosedives’ over Pacific after hitting jet wake

Bloomberg A Qantas Airways Ltd. A380 superjumbo suddenly lost altitude for about 10 seconds more than 30,000 feet above the Pacific Ocean after flying through the wake of another plane. Flight QF94, two hours after taking off from Los Angeles to Melbourne on the night of June 10, plunged upon hitting the wake turbulence of another Qantas A380 that was …

Read More »

Toys ‘R’ Us mascot, orphaned by bankruptcy, finds home

Bloomberg Geoffrey the Giraffe has gone from the morgue to the hospital. Toys ‘R’ Us, the toy retailer that’s liquidating in bankruptcy, found a New Jersey children’s hospital that was willing to take the 16-foot tall statue of the African mammal that stood in the lobby of its headquarters. The chain has held going-out-of business sales at its stores and …

Read More »

Mubadala to launch European tech fund

LONDON / WAM Mubadala Investment Company (Mubadala) of Abu Dhabi, on Wednesday announced its intent to create a $400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, Inc investment subsidiary. The …

Read More »