Patisserie Valerie has nearly £10m in unreported loans

Patisserie Valerie, the British café chain has found a potential fraud on its accounts, had used up £9.7m on two separate bank credit liens without the board’s knowledge. Patisserie Holdings, the chain’s parent company,  confirmed the discovery of the overdrafts, at Barclays and HSBC, Patisserie Valerie secure a lifeline on Friday when Luke Johnson, the…

Novak Djokovic wins Shanghai Masters

Novak Djokovic wins Shanghai Masters by beating Coratia’s 21-year-old Borna Coric in the final to claim his fourth Shanghai title. The second seeded Serb Djokovic, 31, has won 18 consecutive matches since losing at the Rogers Cup on 10 August, and will replace Roger Federer as world number two on Monday. The 14-time Grand Slam…

German life in the darkest years

Nora Krug, a German-American author and illustrator, Heimat is small town in provincial southern Germany where her ancestors, farmers and traders have lived for generations, but she moved to Berlin first and then to New York. In Heimat, Krug exemplifies the story of ordinary life in Germany during the darkest moment in the country’s history…

  The dismantling of Great Britain

  Britain’s Glorious past and fall from grace featured by James Hamilton-Paterson, including Scotch Whisky, Triumph, who incidentally owned by industrial conglomerate BSA, who once provided motorbike for Steve McQueen, in The Great Escape and Marlon Brando in The Wild One, is to become one of the leading players in Britain’s flourishing motorbike industry, which…

8K TVs

  Samsung, LG, Sony and Sharp have all brought out 8K TV with Samsung beginning to ship Q900R series, LG their latest 88-inch 8K OLED TV, Sony showed off a prototype at the CES earlier this year and Sharp is already selling 8K TVs in Japan. Although 8K TV is out we still do not…

Patisserie Valerie on the brink of collapse

The owner of UK Café chain Patisserie Valerie has halted trading in its shares and suspended its CEO and announced that tax authorities have petitioned to wind it up, amid “ significant and potentially fraudulent” accounting irregularities. Luke Johnson, chairman of Patisserie Holdings, who bought and floated PizzaExpress said it was  yesterday notified of accounting…

Alternative medicine

  Ayurvea therapies and practices, evolved over several millennia, is a system of medicine with historical roots in the Indian Subcontinent. According to Hindu mythology and Sushruta’s compendium, Dhanvantari, Hindu god of Ayurveda, incarnated himself as a king of Varanasi and taught medicine to a group of physicians, including Sushruta. The therapies are based on…

Microsoft invests $200m in ride-hailing app Grab

Microsoft is investing $200m in Grab, as it seeks to encourage the use of its technology among  ride-hailing services around the world. Singapore based Grab has attracted investors like Japan’s Softbank who will invest $500m apart from Microsoft. Microsoft in the past invested in Uber in 2015 and partnered with India’s Ola two years later.…

Facebook launches new videocall device

The world’s largest social network, Facebook has launched its unique video calling device dubbed the portal, hoping the new voice controlled hardware will help to retain billions of its users relying on the app to stay in touch with friends and family. The portal using artificial intelligence will let users make video calls as they…