Testing the new Ferrari Portofino in southern Italy
Apple set to rejig its wearables, plans upgrades to AirPods headphones
Rare first burst from star explosion captured by an amateur astronomer
Luigi's Balloon World Update Coming To Mario Odyssey On Thursday
LG to unveil new K8, K10 smartphones at MWC
Richard Branson Invests in Hyperloop One
12 October 2017, 07:33 | Lucia Cruz
Richard Branson's Virgin Group just invested in Hyperloop One, the crazy superfast transport idea of Elon Musk
Branson, who described the endeavor as the world's most revolutionary train service, said that as a train owner (his company owns a train network in the United Kingdom in addition to an airline and other ventures), he felt this is something he wants to be able to operate.
The hyperloop works by propelling pods through tubes using magnets reaching speeds akin to those of airplanes.
Sir Richard has led an $85m (£65m) investment in Hyperloop One, a California-based company that is the first to successfully test the high-speed magnetic levitation technology.
Trains: Hyperloop floats above the surface of the tube. With a goal of the pods traveling as high as 700 miles per hour, it could reduce the travel time between Austin and Dallas to around 20 minutes.
"From our airlines to our trains to our spaceline, we have always been passionate about innovation in transport too, especially the development of technology that could transform people's lives", Branson said in a statement.
Gucci pledges to go fur
Burberry was targeted by protesters during London Fashion Week over its continuing use of fur in its collections. Anti-fur campaigners say the move by these high-profile brands is a huge game changer in the fashion world.
In a post on his website, Branson said he aimed to turn it into a "global passenger service" which could complete the 332-mile journey between the Scottish and United Kingdom capitals, via Manchester, in under an hour.
'This is just the latest example'.
"After visiting Hyperloop One's test site in Nevada and meeting its leadership team this past summer, I am convinced this groundbreaking technology will change transportation as we know it and dramatically cut journey times", said Branson.
In an interview with CNBC, Branson said that commercial Hyperloop could be launched in two to four years, if "governments move quickly".
One of Hyperloop One's co-founders, head of engineering Josh Giegel, previously worked for Branson at his Virgin Galactic space venture.
Apple Data Center in Ireland Gets Green Light
The construction of the 166,000 sqm data centre is expected to generate up to 300 jobs during the different phases of expansion. Keane told Business Insider that Irish laws need to be changed to prevent similar delays in the future.
Lufthansa to buy large parts of bankrupt Air Berlin
Air Berlin triggered bankruptcy proceedings in August after losing a cash lifeline from its biggest shareholder Etihad Airways. Air Berlin , which accumulated debt for nearly a decade, reported a record loss of €782m (£713m) for previous year .
Air quality deteriorates due to California wildfires
Continuing wind and wildfires today may cause residents to experience trouble breathing, coughing, headaches and chest pain. As of Tuesday morning 15 people had been killed in the fires and officials said that number was likely to rise.
Prime Is Now Half-Price for Students
Parents are shown the item, how much it costs, and similar details, as well as any note about it the teen may have made. To sweeten its service, Amazon also announced Prime Student members would get access to exclusive student coupons .
JP Morgan 3Q profits rise, helped by consumer banking
For the third-quarter, book value per share was $66.95, up 5% yea-over-year; and tangible book value per share was $54.03, up 5%. The Firm conducts its activities through a federally insured national bank subsidiary, Washington Federal, National Association.