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Banks face £2bn loss from collapsed Carillion

Lenders to Carillion, the construction giant which collapsed into liquidation on Monday, are facing losses of up to £2bn, making it one of the costliest corporate insolvencies for years. Sky News has learnt that a complex series of financing arrangements for subsidiaries of Carillion mean that the total exposure …

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SpaceX to fire most powerful rocket's engines

The long-awaited test fire of what may be the world’s most powerful rocket – SpaceX’s Falcon Heavy – will take place on Tuesday. Elon Musk, the billionaire behind the private aerospace company, said he wants the rocket to take his own midnight cherry Tesla Roadster into orbit around Mars …

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Carillion to go into liquidation

Construction giant Carillion is to go into liquidation, threatening thousands of jobs.The move came after talks between the firm, its lenders and the government failed to reach a deal to save the UK’s second biggest construction company.However, the government will provide funding to maintain the public services run by …

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Chile complains of World Bank unfair treatment

Chilean officials have accused the World Bank of treating the country unfairly for several years. Foreign Minister Heraldo Muñoz, tweeted “fake news was becoming fake statistics”.He was responding to an interview given by the bank’s chief economist, Paul Romer who said indicators for Chile may have been manipulated for …

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Softbank plans $18bn share sale of its mobile business

Japanese giant Softbank is planning to list its mobile phone business in Tokyo and overseas, according to the Nikkei newspaper. The listing on the Tokyo Stock Exchange and possibly in London aims to raise 2 trillion yen ($18bn; £13.1bn).Softbank confirmed in a statement that the share sale was an …

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Male work patterns see big shift to part-time roles, study says

Media playback is unsupported on your device Male working patterns have seen a big shift towards part-time roles, a study has found.Almost one in eight men work part-time today, compared with fewer than one in 12 two decades ago, according to the Resolution Foundation think tank.It says more men …

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