German fashion Designer and creative director for Chanel and Fendi, Karl Lagerfeld had died aged 85 in Paris. Karl Otto Lagerfeldt born in 1933 in pre-war Germany and emigrated to Paris as a young teenager and became a design assistant for Pierre Balmain, before working at Fendi and Chloe in the 1960s and began his…
Facebook is developing its own artificial intelligence chips and create their own digital assistant able to carry on “common sense” conversations and the tools to monitor social media content in real tine and to compete with Alexa of Amazon and Hey Google. “Facebook’s digital assistant imbued with enough common sense to converse with a person …
Flybe the UK regional airline’s sale for 1p a share to Three-group consortium and will be called Connect Airways, was “an insult to the aviation industry” according to Andrew Tinkler, the company’s second-biggest investor who bought a 12 per cent stake in Flybe in January. Mr Tinkler said Flybe’s problem was cash flow rather than…
PwC, the Accountancy giant has considered resigning as auditor and adviser to Ineos the petrochemical empire over an ambitious tax-avoidance plan being put together by its three most senior executives according to The Sunday Times. Sir Jim Ratcliffe, the founder of Ineos and Britain’s richest person with an estimated fortune of £21bn, and his lieutenants…
Aston Martin which has 2, 500 employees around the world, has appointed its first female president Laura Schwab in the British luxury car maker’s 105-year history on 31st August 2018. Ms Schwab, head of Aston Martin the Americas, says her promotion signals “Pivotal moment in time for women- not just the auto industry, but all…
The UK Government looks set to undermine US drive to persuade allies for a global 5G banning of Huawei from the network, after saying it can mitigate and limit Huawei’s 5G risks from using equipment in the high-speed telecoms systems. The UK National Cyber Security Centre has determined there are ways to limit the risks…
Flybmi has gone into administration, blaming high fuel prices and uncertainty over Brexit. Passengers are being told not to come to the airport unless they have rebooked flights with alternative providers as all Flybmi flights are cancelled with immediate effect from Saturday. 376 people based in UK, Germany, Sweden and Belgium worked for the…
Amazon, the biggest company in the US with the richest man as its head, stunned New York by announcing it would no longer relocate its second headquarters to the city, which promised 25, 000 jobs and its $3bn tax incentives and $27bn in tax revenues over the next two decades. Possible culprits include State Governor…
According to the minutes read to a jury yesterday at London’s Southwark Crown Court, part of a landmark fraud trial, Barclay’s board was told of interest from the Russian government in taking a stake, with a £500m emergency capital as the bank battered to avoid a UK tax-payer rescue at the height of the financial…
Alibaba unit Ant Financial snaps up British Payments group WorldFirst in a £546m ($700m) deal. Ant Financial said the deal will enable the group to reach more customers “especially in the fast-growing area of cross-border ecommerce”. Last year Ant Financial’s thwarted attempt to takeover MoneyGram International, a US based cross-border payments group, that Washington blocked…