Carillion bonus payments halted

The Insolvency Service PwC has revealed bosses at collapsed Carillion construction firm have had their bonus payments halted amid growing anger at bumper payouts, with debts of £1.3bn and a £600 m pensions deficit. A spokesperson said, “ Any bonus payment to directors beyond the liquidation date has been stopped and this includes the severance…

Ayahuasca could be used to treat depression and alcoholism

Ayahuasca. a Halluycinogenic drink traditionally consumed by South American tribes during shamanic ceremonies has attracted backpackers to South America in search of spiritual awakening. This Psychedelic drug brewed by indigenous Amazonian tribes could be used to treat alcoholism and depression, according to new research. Ayahusaca, is an entheogenic brew made out of Banisteriopsis caapi vine…

American Scientists developing Artificial Intelligence to get dog barking in English

American scientists are working to develop artificial intelligence vocalisations and facial expressions into English. Professor Emeritus at Northern Arizona University has spent thirty years observing the vocalisations and behaviour of prairie dogs and saw that they communicated using different pitches to indicate predators of different sizes, types, and colours. He is currently collecting videos of…

18 injured in petrol tanker blaze

The incident was sequel to an attempt to pilfer petrol from a petrol tanker. Eighteen persons including three fireman were injured when a tanker loaded with nearly 12, 000 litres of petrol exploded in Medipally village, Telagana, Hyderabad in India. The huge explosion culminated in a major blaze and dense smoke in the area.  The…

Pegasus airline on a cliff-edge in Turkey

The Pegasus Airline, flight PC8622 passenger plane skidded off a runaway and was teetering on a cliff edge after skidding off the runway in northeast Turkey narrowly avoided plunging into the sea saved by the mud bank while landing at Trabzon Airport on the Black Sea coast on Saturday night. All 162 passengers and 6…

Carillion in compulsory liquidation

  The UK’s second-biggest Construction giant Carillion has filed for compulsory liquidation, shouldering a £1.5 billion debt pile, as they failed to secure funding to keep operating The government will be providing the funding required by the liquidator to maintain the public services carried on by Carillion staff, subcontractors, and suppliers the company said. Carillion,…

Google acquires Redux

Alphabet’s Google acquired Redux, in August 2017, a firm that uses vibrations to turn displays into speaker. Redux which raised $5 million in March 2017, a funding backed by Arie Capital. Redux creates products and bespoke systems that enable high-resolution haptic feedback and speaker less surround audio as it eliminates the need for small speakers…

KFC rolls out new bucket to be paid for by Bitcoin

Fast food outlet KFC Canada has rolled out the Bitcoin Bucket, an offering that can only be paid by using Bitcoin. In a Tweet the company said “ sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken”. The offer, only…

GDP is unreliable for measuring success

Twenty years after former president Bill Clinton‘s ramping up material prosperity economy, bons mots, the world’s developed economies are wealthier than ever, in real terms more than 70 per cent larger than they were in 1992. But Bill Clinton’s verdict went wrong, as the golden age of popular social and economic analysis explains why an…

Wolff’s explosive insight into Trump’s presidency

Michael Wolff’s controversial expose of the White House and the furore surrounding it has already ended Trump’s alliance with Steve Bannon,  who became his biggest source. Bannon quite his job as head of Breitbart News having lost the confidence of his financial backers. Wolff does not respect the meaning of “off the record” and reconstructed…