Levels of income inequality and corporate concentration in the US have reached extreme levels not seen since the Gilded Age, as our antitrust and monopoly laws, have just become just as weak and inefficient. Standard Oil and US Steel were more powerful even than the government. Today the so-called FAANGs of the tech sector is…
The death of Jorge Enrique Pizano (56) who was an auditor at Corficolombiana, at a country house outside Bogota, leaving audio recordings and a TV interview to Canal Uno exposing the biggest Latin American corruption scandal. Three days later his son Alejandro Pizano Ponce de Leon flew to Columbia from Spain for his father’s…
The Pound and shares in housebuilders and banks took a nosedive after Cabinet ministers Brexit Secretary Dominic Raab and Work and Pensions Secretary Esther McVey, followed by Northern Ireland minister Shailesh Vara, Brexit minister Suella Braverman and Parliamentary private secretaries Anne-Marie Trevelyan and Ranil Jayawardena quit over Prime Minister Theresa May’s draft Brexit deal. On…
“Flash sales” publicising Xiaomi, the Chinese smartphone company’s UK launch have sparked a backlash on social media. Xiaomi advertised two of its new handsets for £1 each last week as part of a “ crazy deals” promotion and after two or three Mi 8 Lite phone sales the website said “ Sold Out”, as soon…
The Financial Times and the jury of the Grand Prix D’Horlogerie De Geneve have announced awards for high-quality creations in watchmaking art and contribute to promoting the watch industry worldwide. In the Ladies watch section Chanel won the top prize “Boy-friend Skeleton and Men’s watch was won by Akrivia “Chronometre Contemporain”.
Oliver Bullough argue in his latest book Moneyland: Why Thieves and Crooks Now Rule the World and How To Take It Back, that the current financial system is broken and is actively damaging society, corruption and ideptocracy is not a symptom of a bust society but is a root cause. Oliver Bullough a former…
After the Swiss luxury goods group Richemont’s shares fell sharply yesterday, they said that growth had fizzled out towards the end of September, and blamed on setbacks in the Asia-Pacific sector. The confession fuelled fears of a drop in Chinese demand for luxury goods amid global trade tensions, which have hit the shares of other…
A 24-year-old Philippine Airlines flight attendant breastfed a passenger’s baby mid-flight after the baby’s mum ran out of formula milk. She approached the crying passenger after she heard an infant’s cry and saw the mother crying. She said ” The tiny fragile baby was breastfed until she fell asleep. What the Philippine Airlines flight attendant…
The French Civil Aviation Authority said “ It is unfortunate that the state had to seize a Ryanair plane in a row over money which led to the inevitable inconvenience of the 149 passengers on board the immobilised plane. Those passengers were able to eventually reach their destination later that evening on another Ryanair plane,…
The Federal Aviation Administration, the US Aviation regulator has notified all airlines to warning from Boeing that the latest version of its best-selling 737 Max jet, the US Aircraft maker’s top selling twin-engined jet has a potential flaw in safety-critical software, following the Indonesia’s Lion Air jet crash on October 29, plunging into the Java…