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Branson has decided to press pause on the cash injection from Saudi Arabia's Public Investment Fund due to the Gulf state's alleged involvement in Mr Khashoggi's disappearance

Branson halts $1bn deal with Saudi Arabia

The owner of Virgin has suspended talks with Saudi Arabia’s national wealth fund after the disappearance of journalist Jamal Khashoggi
Markets | Science and Technology
Mumbai, India's largest city. The proposed route will allow for ultra-fast travel between Mumbai and Pune, via the soon-to-be-completed Navi Mumbai International Airport

Hyperloop transport is moving closer to reality

In India, Virgin has partnered with the state of Maharashtra to build the world’s first hyperloop track. The ultra-fast rail system will link Mumbai and Pune and help to modernise the South Asian nation’s transport infrastructure
Banking
Clydesdale and Yorkshire Bank Group (CYBG) has purchased Virgin Money for $2.25bn. The joint entity will become the sixth-largest bank in the UK

CYBG purchases Virgin Money for £1.7bn

Virgin Money has been bought by CYBG in a £1.7bn ($2.25bn) deal that will see the two banks merged together
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The Winter 2024-25 Issue
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