Nikola Files for Bankruptcy With Plans To Sell Assets, Wind Down
Nikola, the hydrogen-truck maker that briefly sported a market value comparable to Ford Motor, has filed for bankruptcy with plans to wind down its business. From a report: Nikola on Wednesday said that it made the chapter 11 filing with the U.S. Bankruptcy Court in Delaware and that it plans to conduct a court-supervised auction of its assets.
The Phoenix company said it worked for months with its financial and legal advisers to find a way to sustain its operations before determining that a structured sale process was the best way to maximize the value of its assets.
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Want to play billionaire for a day? This app lets you rent your own armed goon squad
Black Escalade motorcade sold separately - of course
Need to turn heads and burn cash while out on the town? A new app lets you hire armed bodyguards to escort you around - chauffeur included - provided you're in Los Angeles or New York City.…
See Rihanna expertly shut down reporter that asked A$AP Rocky a rude question after his not guilty verdict
Rihanna jumped to her longtime partner A$AP Rocky 's defense after a reporter asked him an insensitive question while leaving a Los Angeles courthouse.
Pope funeral 'is being rehearsed': Swiss Guard 'prepare for pontiff's death after the 88-year-old warned 'I may not survive' pneumonia
The Swiss Guard protecting the Pope, 88, is rehearsing his funeral, with members under a curfew as they are 'preparing for the pontiff's death', Swiss newspaper Blick claims.
City-slaying space rock 2024 YR4 still has 2.4% shot at smacking Earth
Scientists refine estimates, but can't yet rule out an impact
The latest figures from the European Space Agency (ESA) on the trajectory of asteroid 2024 YR4 show a reduction in uncertainty around the object's orbit while the probability of impact remains low.…
Apple unveils new budget iPhone 16e to replace SE model - and it comes with plenty of surprise new features
Apple has finally pulled back the curtain on its latest 'budget' smartphone - the iPhone 16e.
Grandmother who fled Zimbabwe and South Africa with her British husband faces deportation after investing all her money in a village butcher's shop
Cheryl Robins, 61, has become a pillar of the Abbotsbury's community since moving to Britain from South Africa in 2022 to live with her husband Mike, who is a UK citizen.
Cyclist still in hospital five months after 'flytipped rubbish caused crash' in Brentwood
He sustained life-threatening injures in the crash
Apple Launches the iPhone 16E, With In-House Modem and Support For AI
Apple has launched the iPhone 16E, featuring a 6.1-inch OLED display, Face ID, an A18 chipset, USB-C, 48MP camera, and support for Apple Intelligence. Gone but not forgotten: the home button, Touch ID and 64GB of base storage. The Verge reports: The 16E includes the customizable Action Button, but not the new Camera Control you'll find on the 16 series. It does swap its Lightning port for USB-C, now a requirement for the phone to be sold in the EU. On the inside, there's an A18 chipset, the same chip as the iPhone 16. That makes the 16E powerful enough to run Apple Intelligence, the suite of AI tools that includes notification summaries. Even the non-Pro iPhone 15 can't do that, so the 16E is one of the most capable iPhones out there. Apple has previously confirmed that 8GB RAM was the minimum to get Apple Intelligence support in the iPhone 16 series, so it's likely that the 16E also boasts at least that much memory. It's also been bumped to a baseline of 128GB of storage, meaning there's no longer a 64GB iPhone.
There's only a single 48-megapixel rear camera; the lack of additional cameras is the biggest downgrade compared to the company's other handsets. With support for wireless charging and a water-resistant IP rating, there's little you have to give up elsewhere. The iPhone 16E is also the first iPhone to include a modem developed by Apple itself. The company has spent years trying to move away from modems developed by Qualcomm, and we're finally seeing the fruits of that labor. The big questions now are how well the new modem performs and whether Apple is ready to roll out its own connectivity components in the iPhone 17 line later this year. It's available for Friday starting at $599 with 128GB of storage.
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Scientists identify 'ferryman' in the brain that transports souls into the afterlife
The 'ferryman' that transports souls to the afterlife in Greek mythology may actually be a psychedelic neurochemical in the human brain, scientists say.
Meghan Markle faces another trademark battle as clothing designer seeks legal advice to protect 'As Ever' brand
Meghan Markle appears to be facing yet another uphill battle with her beleaguered lifestyle venture after a small business with a nearly identical name has vowed to protect its brand and title.
Nuclear fusion breakthrough: 'Artificial sun' reactor sets a new world record by generating a steady loop of plasma for 1,337 seconds - taking the world closer towards limitless clean energy
A world record for nuclear fusion has been smashed after an 'artificial sun' reactor was able to maintain a plasma for more than 22 minutes.
Wayne Rooney spotted training 'his and Kyle Walker's sons' at £8,000 camp in Dubai - after enjoying night out with Annie Kilner and kids
The Manchester United legend has been staying invloved in the game since he was sacked by Championship side Plymouth on New Year's Eve.
Beautician drowned after the car she was in crashed and she became trapped under it in a water-filled ditch, inquest hears
Kelsie Stevens,19, drowned when she was thrown from a car as it careered off a road and became trapped under the vehicle in a water-filled ditch, an inquest heard today.
'Living Nostradamus' predicts whether 'city-destroying' asteroid will really hit Earth in 2032 after NASA increases chance to one in 32
Athos Salomé, 38, from Brazil , is often referred to as the 'Living Nostradamus' as he's correctly predicted past disasters, claimed we will observe 'a worldwide transformation' in 2032.
Queen Letizia of Spain sports sparkling diamond brooch to welcome Egyptian president to Madrid
Queen Letizia of Spain looked elegant in a navy skirt suit today as she and husband King Felipe welcomed the Egyptian president to Madrid.
This Morning boss Martin Frizell confirms he is leaving the show after 10 years as wife Fiona Phillips opens up about 'frightening' Alzheimer battle
This Morning boss Martin Frizell has confirmed he will be leaving the show at the end of the month, as his wife Fiona Phillips opens up about her 'frightening' Alzheimer's battle.
X Factor star who Simon Cowell branded 'vile' pictured for the first time in years as 'worst ever' audition remains a firm fan favourite
Back in 2007, Rachel confidently professed: 'I've got The X Factor because I am a natural talent. At the end of the day, I deserve it. I'm just too goddamn good.'
Emma Raducanu breaks her silence on 'fixated' Dubai 'stalker' who left her in tears and hiding on the court as she flies back to London
Emma Raducanu has posted a statement to fans on Instagram after being left in tears on Tuesday when a 'fixated' man was removed from the crowd during her second-round match in Dubai.
Grand National-winning horse attends the funeral of his beloved owner as Sir Alex Ferguson joins those paying tribute to his friend John Hales
Neptune Collonges was rated 33-1 ahead of the 2012 iteration of the iconic race, but challenged with Daryl Jacob aboard until the last, winning the day by a nose past Sunnyhillboy