Inflation leaps from seven per cent in March was as much in a single month as the Bank of England’s inflation target for an entire year, as the petrol prices hit a new all-time high of £1.67 at the pump and City experts cautioned that supermarket and energy bills, as well as the mortgages, will…
A $1 trillion crypto crash wipes out the price of Avalanche, Bitcoin, BNB, Cardano, Ethereum, and Solana. Two main cryptocurrencies Stablecoins from the crypto project Terra have gone into free fall prompting the incident of a Ponzi scheme akin to the collapse of Lehman Brothers which precipitated in 2008 financial crisis. UST created by…
Tesla CEO Elon Musk, who owns more than 15 per cent of the company, has sold roughly £6.8bn ($8.5bn) worth of shares in the electric car maker just days after he agreed to buy Twitter, triggering a sharp 20 % fall in Tesla shares wiping out $21bn of the carmaker’ stock market value, earlier this…
Elon Musk on Wednesday night sent a letter to Twitter offering to take the company private for $41 billion, after calling it his “best and final offer”. Twitter’s board of directors met on Thursday afternoon for a careful review of the proposal. Musk turned down an offer to join the board. The Twitter board of…
Ashneer Grover’s investment in Beyond Snacks in Kerala’s banana chips manufacturing firm makes a 3-fold profit. Grover, the co-founder of Bharat Pe, hailing the achievements of entrepreneur Manas Madhu said “It was heartening to see a threefold rise in profit growth of Beyond Snacks in six months”. Beyond snacks manufactures banana chips in different flavours.…
“Londongrad” is a phenomenon brought to the fore by Vladimir Putin’s savage attack on Ukraine, with Britain’s Liz Truss slamming the Oligarchs and their associates on the floor of the House of Commons. The British establishment and its financial system provide for dirty money from the post-Soviet era and elsewhere may be seen as an…
BBC at 100, grew bigger, with the expansion of the boundaries of good taste and sound judgement, pandering to the masses, sometimes out of touch. In 2022, when the BBC celebrates its centenary, its future lies in doubt. Media historian, David Hendy’s tale of creative endeavour and technological innovation, beset by a constant tension…
Pictures R Nair Chancellor Rishi Sunak is in talks with Bank of England to head off the “cost of living cataclysm” as interest rates lift to 0.5%, from 0.1 per cent in December. Higher interest rates make borrowing more expensive, higher mortgage costs, higher gas bills and harder choices during grocery shopping. Some lenders raised…
Fortescue Metals buys Williams F1 battery arm and technology arm of the Williams Formula One racing team for £164m ($222.2m). Andrew Forrest Australia’s richest man, Fortescue’s founder and chairman, who is worth more than £13.3bn ($128bn) is buying the battery said “ This announcement is the key to unlocking the formula for removing fossil-fuel powered…
Christopher Leonard, the New York Times business journalist, infiltrates the Federal Reserve to show how its policies steered by Chairman Jerome Powell over the past ten years have accelerated income equality and put America’s economic stability at risk. The press credited the Fed when the economy grew and also when the economy imploded in 2008,…