Peter Kyle touts US opportunities as OpenAI pauses UK investment Tech Business secretary Peter Kyle has insisted Britain’s economic ties with the US are strong despite political tensions, in what he dubbed a “really great economic set of opportunities” between the two countries. Speaking ahead of a major trade mission to California, Kyle was optimistic about transatlantic relations, despite rhetoric from Trump straining diplomatic ties. “The [...]
Yet another Transatlantic tie-up: Ashurst and Perkins Coie announce $2.7bn merger Legal UK law firm Ashurst has agreed to merge with the US law firm Perkins Coie, the latest move in a series of large transatlantic tie-ups in the legal sector. After a week of speculation about Ashurst being in merger talks, the firm agreed a deal with Settle-based Perkins Coie to become a $2.7bn law firm, [...]
Virgin Atlantic uses Heathrow slots as collateral for $745m Apollo loan Aviation Virgin Atlantic has borrowed $745m (£564m) from alternatives giant Apollo in a groundbreaking private credit deal that will see the airline use the value of its landing slots at Heathrow as collateral. Virgin said it would use the funds to pay down a legacy debt and make upgrades worth hundreds of millions of pounds to [...]
