Fragile banks pose a greater threat to society than when they are dishonest

  In the great financial crisis of 2007-2008,  finance came too close to wrecking the global economy. The presence of rogue behaviour in finance, Nesvetallova and Palan turns to the economist Thorstein Veblen  (1857-1929) who observed that businessmen were proficient at making profit by interfering in markets, and wrote “ something in the nature of…

Women were not able to reach their full potential

  In the 1970s when social historian Jane Robinson was at high school, there were only four options for British girls to fill up the time between leaving education and getting marries – secretary, nurse, teacher, and hairdresser. Robinson who wanted to go to university despite discouraging career adviser saying “ a degree was no…

Nord Stream2 Power lines possible despite US sanctions

The Nord Stream 2 gas pipeline intended to connect Moscow and Germany, opposed by the US, which has imposed a series of sanctions in an attempt to stop it, as well as by several other EU member states.        When Angela Merkel met Vladimir Putin, after the US military killed Iranian commander Qassem Soleimani in a…

Banker named by Angolan prosecutors has been found dead

Nuno Ribeiro da Cunha, a Portuguese banker named by Angolan prosecutors as a suspect in  a multi-billion-dollar embezzlement probe involving Isabel dos Santos, Africa’s richest woman, has been found dead in Lisbon, has been found dead in Lisbon in the garage of his house on Wednesday night. Ribeiro da Cunham was one of four Portuguese…

Just Eat-Takeaway merger in doubt

The UK’s Competition and Markets Authority have launched a last minute review into Takeaway.com and Just Eat’s £6bn merger, throwing one of the UK’s biggest tech deals in recent years into doubt.  The probe follows a months-long review of Amazon’s planned minority stake in Deliveroo, Just Eat’s biggest rival . Both cases are investigated on…

Civil servants recommended Huawei can play a part only on periphery

British Civil servants have recommended Huawei, the Chinese telecom company should be given a limited role in developing 5G mobile networks, highlighting the absence of alternative suppliers, or else we will lag behind. Boris Johnson, the prime minister has been under pressure from the US and other western allies to ban Huawei from the entire…

Google identifies flaws in Safari security

Google has detailed security flaws of Apple’s Safari web browser that enabled users to be tracked via a tool designed specially to protect their privacy. Google’s Cloud team have identified five potential attacks that could have exploited the vulnerabilities, allowing the third party to obtain sensitive private information about the user’s browser habits. Apple rolled…

Tesla has hit $100bn for the first time

Elon Musk, the billionaire co-founder of Tesla saw the market value of the electric car maker pass $`103bn, following a three-month rally in which Tesla’s share price has soared 125 per cent, as Donald Trump compared him to US Inventor Thomas Edison, calling him one of our great geniuses.  If the market cap averages $100bn…

Barclays brothers to sell Ritz hotel for £750m to Sidra

Sir David and Sir Frederick Barclay are selling the Ritz hotel for £750m  to Sidra Capital a wealthy Saudi Arabian family investment business. The hotel in Piccadilly, built by Cesar Ritz in 1906, has been popular with stars since the age of Charlie Chaplin and Ballerina Anna Pavlova,  is one of  London’s most coveted property…