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OneWeb launches satellites in global internet service push

OneWeb launches satellites in global internet service push

British-based firm OneWeb launched 34 satellites into orbit from a cosmodrome in Kazakhstan, expanding its in-orbit constellation to 322 satellites, it said on Wednesday.

The satellites lifted off from Kazakhstan's Baikonur cosmodrome at 1807 GMT on Tuesday, it said in a statement.


OneWeb plans to launch a total of 648 low earth orbit satellites to roll out a high-speed global internet connection including to the most remote corners of the world.

The launch, carried out by Arianespace, keeps OneWeb on track to start a service in swathes of the northern hemisphere this year and to deliver a global service next year, it said.

OneWeb resumed satellite launches in December after emerging from bankruptcy protection with $1 billion in equity investment from a consortium of the British government and India's Bharti Enterprises.

It has received further financing from Bharti as well as investment from Eutelsat Communications and Japan's Softbank.

(Reuters)

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UK household savings drop

The saving ratio dropped by 0.7 percentage points to 9.5 per cent, its lowest level in over a year

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UK household savings drop to lowest level in over a year as tax burden bites

Highlights

  • Household saving ratio drops to 9.5 per cent, lowest since mid-2024, as tax increases outpace income growth.
  • GDP growth confirmed at 0.1 per cent for July-September period, down from 0.2 per cent in previous quarter.
  • Britain's economic momentum fades after strong start to 2025, with zero growth expected in final quarter.

British households saved significantly less between July and September this year as higher taxes squeezed disposable incomes, forcing families to dip into savings to maintain spending levels, according to official data from the Office for National Statistics.

The saving ratio dropped by 0.7 percentage points to 9.5 per cent, its lowest level in over a year, as real household disposable incomes took a substantial hit from tax increases which outweighed income growth and inflation pressures.

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