Amazon to invest $1bn in India

Jeff Bezos pledged to invest $1bn in India, just after New Delhi anti-trust watchdog ordered an investigation into Amazon and Walmart-owned Flipkart which dominates India’s eCommerce market for $16bn in 2018.in connection with alleged violations of competition law. Mr. Bezos announced the investment to digitise small and medium businesses across India and also targeted $10bnin…

Flybe rescued by the Government

Flybe, the largest operator of UK domestic routes, with almost two in five flights,  has been saved from the brink of collapse after the government reached agreement on a rescue deal for Europe’s largest regional airline. Andrea Leadsom, business secretary, confirmed a deal with the troubled airline’s owners after days of talks. The deal includes…

Was Ghosn a cold greedy dictator?

Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also  CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…

Reliance ventures into online shopping market in India

Reliance, an Indian company with adequate resources is venturing into the £50bn online shopping sector with its new platform JioMart with the help of millions of small retailers, like the way it reshaped India’s telecoms sector by offering ultra-cheap mobile data. To attract shoppers  JioMart will offer free delivery and returns and discounts of up…

The Marlboro Man came to symbolise the American dream.  

  This is the story of the world’s most controversial product tobacco’s fortunes and how science triumphed over addiction. The US has been active in picking economic winners and losers with price supports for farmers, regulatory interventions  and outright state funding for innovation through the Defense Research Projects Agency. From Jamestown to the Marlboro Man,…

Aston Martin seeking new investments

China’s Geely has held talks with Aston Martin investors and management and is conducting due diligence as the talks may lead to a technology partnership rather than investment in the UK group. Geely which also owns Britain’s Lotus and Sweden’s Volvo, as well as Germany’s Daimler, is one of the several groups in talks about…

New gadgets spotlighted at CES

Amazon and Google have hired lots of floor space at CES to spotlight products that tie into their virtual assistants. LG display says it has a 65in ceiling mounted screen that can be rolled up when not in use. Min-LED involves using smaller light-emitting diodes than normal to illuminate a screen’s colour pixels which allowed…

Ukraine airline jet crash kills 176 in Tehran

A Ukrainian Boeing -737 PS752 flight to Kyiv carrying 176 people has crashed in Iran at 06:12 local time (02:42GMT)  Debris and engine parts from the Boeing 737-800Ng plane were found 10km from the Tehran  Imam Khomeini airport. The majority of passengers were from Iran and Canada.

A thought-provoking study of new technology

  New technologies have always provoked panic about workers being replaced by machines as advances in artificial intelligence mean that all kinds of jobs are increasingly at risk.  So how can we thrive in a world with less work? Susskind reminds us that technological progress could bring about unprecedented prosperity, but the challenge will be…

Tesla  shares prices jump  54 per cent

Tesla’s share prices which nearly halved in the opening months of 2019 have since rebounded  140 per cent to value over $80bn. In the latest quarter, Tesla has delivered over 367, 500 cars in 2019 up 50 per cent from the previous year and topped all Wall Street expectations. Shares in the company surged 5.5…