With the arrival of Margaret Thatcher in Downing Street in 1979 a major privatisation drive began not only selling industrial holdings, transport infrastructure, the telephone system but also the land and public buildings erected on it. Land makes a major chunk of national wealth and an estimate by the Office for National Statistics concluded…
Malaysia has started in Hong Kong this week marketing and auctioning the $130m 300 feet yacht Equanimity, which features a helipad, gym, beach club. Sauna and beauty salon once owned by Jho Low, the financier alleged to be the architect of the 1 MDB scandal as part of their efforts to recover money. Lim Guann…
A Bangalore based educational (edtech) and online tutoring firm founded in 2011 by Byju Raveendran, an engineer from Azhikode a costal village in Kerala, India’s largest online tutoring startup and recent entrant to the “unicorn club” is looking to expand into international markets with its latest acquisition of US-based Osmo, a Palo Alto, California startup…
In Bristol 170 engineers are designing the world’s most complex next generation AI computer chips the size of the postage stamp, Colossus, which boasts 1216 processors designed for artificial intelligence applications from voice recognition to self-driving cars. Colossus named after computer used by cryptographers at Bletchley Park during the second world war, was top…
WhatsApp owned by Facebook which has more than 201m users in India, making the country its largest market by far has been under growing pressure from India and Australia to find ways to clamp down fake news, inflammatory and incendiary rumours circulating through its systems, especially after a series of lynch mobbings by crowds of…
Henn-na Strange Hotel in Japan laid off half its 243 robots after they created more problems than they could solve . One of the layoffs included a doll-shaped assistant in each hotel room called Churi. Churi is like Siri, Google Assistant and Alexa who can answer questions about local business opening and closing times. But…
The owner of Patisserie Valerie café chain will review all options available for the business after revealing that problems with its accounts were even worse than previously thought. Patisserie Holdings said its advisers had discovered that past mis statement of accounts was “extensive, involving very significant manipulation including thousands of false entries into the company’s…
Rakesh Kapoor, one of Britain’s highest paid bosses, the Dettol man is to step down as the chief executive of consumer goods group Reckitt Benckiser by the end of the year. The announcement sent the group’s share down 4.2 per cent in London. He led from the top of the Dettol maker and baby formula…
David Solomon, Goldman Sachs CEO has apologised to the “people of Malaysia” for the role one of his top bankers played in the multi-billion-dollar embezzlement scandal at the country’s national investment fund. Mr Solomon made it clear that Goldman had done nothing wrong in its dealing with 1MDB, which US and Malaysian authorities allege was…
MPs have voted for Theresa May’s government to continue, rejecting Labour’s motion of no confidence by 325 votes to 306 and majority of 19 in support for Theresa May’s government. 314 Conservative MPs, DUP 10 and one Independent voted against the motion while 251 Labour, 35 SNP, 11 Lib Dem, 4 Plaid, 1 green and…