The first stage of Blue Origin's New Glenn rocket, named ''Never Tell Me The Odds,'' returns to Port Canaveral, United States, on April 19, 2023. The booster is onboard the drone ship Jacklyn, where it landed after a successful launch. This marks the first time Blue Origin is reusing the same first stage. (Photo by Manuel Mazzanti/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Jeff ...
The first stage of Blue Origin's New Glenn rocket, named ''Never Tell Me The Odds,'' returns to Port Canaveral, United States, on April 19, 2023. The booster is onboard the drone ship Jacklyn, where it landed after a successful launch. This marks the first time Blue Origin is reusing the same first stage. (Photo by Manuel Mazzanti/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Jeff Bezos' space firm Blue Origin said on Thursday it experienced an anomaly during a hot-fire test, as visuals on social media showed its New Glenn rocket explode in a fireball. A hot-fire test is where a rocket engine is fired up while anchored to the ground. All personnel are accounted for, Blue Origin said in a post on X. Blue Origin has spent billions of dollars and roughly a decade developing New Glenn, a rocket 29-stories high with a reusable first stage meant to compete with SpaceX's Falcon fleet and its more powerful Starship. The Federal Aviation Administration did not immediately respond to a Reuters request for comment. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
A Lombard Odier survey shows that Asia's wealthy families want to preserve their fortunes across generations, but many still lack basic succession plans. Asiavision | E+ | Getty Images Asia's wealthy families want to preserve their fortunes across generations, but many still lack basic succession plans, according to a new Lombard Odier survey. The survey of more than 390 high-net-worth individuals...
A Lombard Odier survey shows that Asia's wealthy families want to preserve their fortunes across generations, but many still lack basic succession plans. Asiavision | E+ | Getty Images Asia's wealthy families want to preserve their fortunes across generations, but many still lack basic succession plans, according to a new Lombard Odier survey. The survey of more than 390 high-net-worth individuals across Asia-Pacific with net investable assets of at least $1 million found that 64.2% of respondents said preserving family wealth across generations was their main priority when considering wealth transfer. Yet only 26.9% said their family had a full succession plan in place, while 39.4% said they had no succession planning at all. The findings expose what the Swiss private bank described as an "intention-implementation gap" among Asia's wealthy families, many of whom remain underprepared despite growing awareness of succession risks. The issue is becoming increasingly urgent as Asia and the rest of the world undergo a massive intergenerational wealth transfer , particularly among first-generation entrepreneurs preparing to pass businesses and fortunes to their children. John Woods, Lombard Odier's Asia chief investment officer, warned that many families risk squandering wealth without stronger governance and planning frameworks. "This sort of concern around this contradiction is worrisome to me," Woods said during a roundtable accompanying the report launch. "If [majority] of the clients we surveyed haven't really given a major thought to wealth planning, they won't hold on to their wealth very long," he added. Across Asia-Pacific, Japan, the Philippines, Malaysia and Hong Kong stood out for weak succession preparedness. About half of the respondents in those markets said they had no succession plan or felt such planning was not relevant to them. The survey also found that many older family members have yet to meaningfully involve younger generations in governance and w...
Robert Walters Taiwan’s 15th anniversary report Reveals Structural Shift in the Local Talent Market Taiwan's talent market has officially shifted from an employer-driven to a candidate-driven market, with critical skills increasingly replacing tenure and job titles as the core measure of talent value. AI adoption and global supply chain restructuring are accelerating salary polarisation. Professio...
Robert Walters Taiwan’s 15th anniversary report Reveals Structural Shift in the Local Talent Market Taiwan's talent market has officially shifted from an employer-driven to a candidate-driven market, with critical skills increasingly replacing tenure and job titles as the core measure of talent value. AI adoption and global supply chain restructuring are accelerating salary polarisation. Professionals in semiconductors and high-tech industries are seeing salary increases of 15-20% when changing jobs, while those with AI, HPC and cross-border supply chain expertise can command increases of up to 30%. Career priorities are evolving beyond compensation. 54% of professionals cite learning and development opportunities as a key reason for staying with their current employer. By 2030, Gen Z is expected to account for 30-33% of Taiwan's workforce, making flexibility, work-life balance and transparent workplace culture critical factors in talent attraction and retention. TAIPEI, TAIWAN - Media OutReach Newswire - 29 May 2026 - Taiwan's talent market has gradually shifted from an employer-driven to a candidate-driven market through globalisation, digital transformation and pandemic-driven disruption. Meanwhile, the rapid advancement of technology and AI is not only accelerating demand for critical skills, but also reshaping industry structures and redefining the rules of talent competition. Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy Robert Walters, the world's most trusted talent solutions business, said in its latest 15th anniversary report, Taiwan's Talent Market: The New Rules of Competition, that "critical skills" are increasingly replacing tenure and job titles as the primary indicators of talent value and compensation. Particularly as Taiwan's semiconductor industry strengthens its strategic position within t...
The insurance landscape in 2026 presents a stark choice between a battle-tested industry titan and a digital-first challenger. Deciding between Progressive (NYSE:PGR) and Lemonade (NYSE:LMND) requires balancing established stability against aggressive technological expansion. Progressive operates as a dominant force in the property and casualty market, using decades of data to price risk with prec...
The insurance landscape in 2026 presents a stark choice between a battle-tested industry titan and a digital-first challenger. Deciding between Progressive (NYSE:PGR) and Lemonade (NYSE:LMND) requires balancing established stability against aggressive technological expansion. Progressive operates as a dominant force in the property and casualty market, using decades of data to price risk with precision. Lemonade attempts to disrupt this model by using automated bots to streamline the customer experience and lower administrative costs. Progressive provides a wide range of coverage, including auto, home, and business insurance, to millions of customers across the United States. A notable portion of its Commercial Lines business comes from Uber Technologies subsidiaries, which accounted for approximately 14% of net premiums written in this segment in 2025. Customer concentration like this adds a layer of risk to the business, as a loss of this partnership could impact geographic coverage. Continue reading
The deadly Ebola outbreak in the Democratic Republic of the Congo can be stopped, the World Health Organization (WHO) head, Tedros Adhanom Ghebreyesus, said as he arrived in Kinsasha. Tedros landed in the DRC on Thursday evening and was due on Friday to travel to Ituri province in the north-east, where the epidemic is centred. “That thing can be stopped,” Tedros said, adding that the WHO did not s...
The deadly Ebola outbreak in the Democratic Republic of the Congo can be stopped, the World Health Organization (WHO) head, Tedros Adhanom Ghebreyesus, said as he arrived in Kinsasha. Tedros landed in the DRC on Thursday evening and was due on Friday to travel to Ituri province in the north-east, where the epidemic is centred. “That thing can be stopped,” Tedros said, adding that the WHO did not support travel bans to combat the outbreak because they “don’t help much”. “Together, we will overcome this outbreak,” he said earlier, vowing to do “everything in my power to help you”. The WHO has recorded 10 confirmed and 223 suspected Ebola deaths in the DRC since the outbreak was declared on 15 May, out of more than 1,000 confirmed and suspected cases, according to its figures up to 24 May, the latest available. The true spread of the virus is likely much wider as it is thought to have circulated under the radar for some time, the WHO has warned. This is the 17th recorded Ebola outbreak in the big central African country, which has a population of more than 100 million people. Complicating medical relief efforts, the epidemic is centred in a mineral-rich region fought over by armed groups. “Conflict and displacement make everything harder,” Tedros said. “I am making a direct appeal to all warring parties in this region: please, declare a ceasefire. “No cause, no conflict, no grievance is worth condemning innocent people to death from a preventable disease.” No vaccine or treatment yet exists for the Bundibugyo strain of Ebola causing the current outbreak. The WHO said on Thursday that its advisory groups had recommended clinical trials for vaccines and treatments. The head of the African Union’s health agency, Jean Kaseya, said on Thursday that a vaccine should be ready by the end of the year. Neighbouring Uganda, with one recorded death from Ebola and six additional cases, announced it was shutting its border with the DRC with immediate effect. The US said it would den...
Threat Of 2030s Lunar War Has NASA, Elon Musk Racing To Build Major Moon Base NASA unveiled plans earlier this week for a lunar base as the U.S. finds itself locked in a multi-domain race with China, one that stretches across energy, compute, weapons, drones, trade, rare earths, shipbuilding, and now the Moon. The next front with Beijing is no longer just about returning humans to the lunar surfac...
Threat Of 2030s Lunar War Has NASA, Elon Musk Racing To Build Major Moon Base NASA unveiled plans earlier this week for a lunar base as the U.S. finds itself locked in a multi-domain race with China, one that stretches across energy, compute, weapons, drones, trade, rare earths, shipbuilding, and now the Moon. The next front with Beijing is no longer just about returning humans to the lunar surface. It is about establishing permanent infrastructure, securing access to lunar resources, and eventually determining whether the U.S. or China will set the rules for space in the 2030s and beyond. Elon Musk commented on NASA's X release about the new lunar base, saying, "Time to build a major base on the Moon!" Time to build major base on the Moon! https://t.co/frVoXiV0tn — Elon Musk (@elonmusk) May 26, 2026 So why the sudden urgency for NASA to establish a lunar base? A new Mitchell Institute policy report says the U.S. Space Force should prepare to put active-duty Guardians on space stations and eventually on the Moon to counter China's military-led space ambitions. The paper noted: " With a potential 'in-person' lunar conflict with China as the contextual touchstone, the U.S. must begin a pragmatic, multi-decade effort , leveraging its Space Test Course (STC), as well as partnerships with NASA and commercial space companies, to deliver the skills, tools, and concepts needed for future Title 10 activities to enforce U.S. spacepower-enabling norms and standards." It added, " These efforts will require additional funding from Congress for both U.S. Space Force human spaceflight opportunities and residencies at commercial space stations ." The 22-page policy report frames the Moon as the next great-power battleground, warning that competition over lunar resources, territory, logistics routes, and future space infrastructure could eventually turn into conflict. " Competition for control of lunar resources and territory will likely reach a tipping point , at which time the mod...