Coronavirus is a global emergency : WHO

The  Coronavirus had been declared a global emergency by the World Health Organisation, as the outbreak continues to spread outside China. “ The main reason for this declaration is not what is happening in China but what is happening in other countries”, said Tedros Adhanom Ghebreyesus, WHO chief. The concern is that it could spread…

Ovo energy fined £8.9m by Ofgem

Bristol-based private energy provider, Ovo is fined  £8.9m after the energy regulator Ofgem reprimanded it for giving customers “inaccurate” or “incomplete” information over the last five years. Ofgem also listed a series of failings by Britain’s second-largest supplier, which has caught the attention over the past decade by attacking the business models of the former…

Royal Philips to sell its consumer applinaces division

Royal Philips, the Dutch conglomerate announced the disposal of one of the best-known consumer electronic domestic appliances arm or spin it off into a separately listed company, so that they can focus on the health care sector. Frans van Houten, CEO said the domestic appliances unit was no longer a “strategic fit”  for the company…

Coronavirus kills 200 as fears soar of global economic blow

Global equity markets and oil prices fell sharply yesterday as the fast-spreading coronavirus hit sectors from travel to manufacturing amid warnings that the disease would hit China’s economic growth. In the US the S&P 500 index was down 1.4  per cent in the afternoon trading and UK’s FTSE 100 and European composite Stoxx 600 both…

Grenfell enquiry phase II: Cladding fire risks “were known”

Arconic and Celotex suppliers of key components of implicated in the Grenfell disaster were accused of knowingly allowing the installation of dangerous products during the tower’s refurbishment of the west London Block of flats, as they supplied materials not fit for purpose. The US metals group, Arconic, and Celotex, a UK-based materials company,  were criticised…

Corruption at the Deutsche Bank

There is a scandal in the Wealth Management division of Deutsche Bank which paid £1.1m to secure the wealth management business of a senior Saudi Royal financial adviser, whose wife was paid according to an internal probe that led to two former employees being reported to criminal prosecutors. The money transfers were arranged in 2011…

Cow & Gate baby food jars recalled over tampering

Cow & Gate and Tesco are recalling 15 types of baby food jar as a precautionary measure amid concerns some may have been tampered with. Customers who bought food for babies aged over seven months in Tesco stores in the UK are advised not to use them because they may pose a safety risk. The…

World’s largest twin engine jet successfully completes maiden flight

Boeing’s 252 foot-long passenger plane 777X has successfully completed the first test flight of the world’s largest twin-engined plane near Seattle at 2:00pm local time (22:00 GMT) and lasted four hours. Earlier two attempts were called off this week due to high winds. Further tests are needed before the 777X aircraft which features include folding…