£107m aid for sub-standard Pakistan schools

  School construction works on nine out of ten schools in Pakistan, a £107m project funded by the UK’s Department for International Development are not fit for purpose leaving 115, 000 children in makeshift classrooms. Internal Dfid documents reveal that new renovated facilities at 1, 277 of the 1, 389 schools covered by the programme…

France’s threatens to halt Mercosur trade pact

France have threatened to halt on of the world’s biggest trade deals with the support of other EU nations, unless Brazil does more to fight forest fires in the Amazon. Emmanuel Macron vowed to oppose ratification of a trade pact between the EU and South America’s Mercosur bloc and said “ Brazil’s Jair Bolsonaro had…

TSYS glitch outage hit RBS, Nationwide and Tesco

RBS, Nationwide and Tesco have been hit by an information technology failure at US payments company TSYS that left customers left unable to pay their credit card bills or access their accounts. The disruption highlight a challenging time for banks which are under pressure to improve their resilience to IT problems but often rely on…

Fungus Panama TR$ threaten Bananas

The Colombian Agriculture and Fishing Institute (ICA) has confirmed the arrival of Panama TR4 disease, a soil-dwelling fungus that has devastated plantations in South-East Asia over the past 30 years. Now it threatens Cavendish banana which accounts for half of global production and 95 per cent of the world’s exports. The ICA has declared a…

Seizer of Iranian tanker Grace1: Gibraltar reject US legal request

The British Overseas Territory’s justice ministry said yesterday that it was “unable to seek” a court order to provide the “restraining assistance required by the US”. Gibraltar has formally rejected a US legal request to seize the Iranian tanker that has been at the center of a stand-off between Iran and the West. The Grace1…

Emiliano Sala and his pilot poisoned

Emiliano Sala (28) and his pilot was poisoned by carbon monoxide just before the plane he was in crashed into the Channel, it was revealed. Tests on the body found in the wreckage showed he had enough of the gas in his system to potentially knock him unconscious and induce a heart attack. The body David…

WeWork goes public with $4bn IPO

WeWork’s IPO would see the office-space provider becoming the latest private unicorn to go public in the face stormier markets and glooming economy. Executives are keen to complete the IPO while US stocks remain near record highs,  as its rapid growth and balooning losses and heavy debts. The IPO doucments show the company had a…

Apple Card woos users with White titanium bank card

Apple’s first foray into personal finance includes a white platinum bank card with 16-digit numbers. Apple actually wants people to pay for goods using Apple Pay via iPhone or Apple Watch. The card’s hardware is mostly irrelevant as Apple incentivises consumers not to use it, giving 1 per cent cashback on purchases made with the…

Vista sell 50 % of Advanced to BC partners

Vista Equity Partners is selling a 50 per cent stake in Advanced, a UK , Software company whose clients include British Gas, Virgin Atlantic and the NHS for around £2bn including debt to BC Partners which plans to grow the Slough based business  by buying up smaller competitors. The deal comes in the midst of…