Mario Segale, a successful Italian-American property developer from the US of Washington and the man after whom video game hero Super Mario, the energetic hero of the Mushroom kingdom with 30 years, worth of games, was named has died aged 84. In the 1980s, he leased a warehouse to Nintendo of America who decided to…
Category: Business
Lion Air plane in a brand new boeing 747 jet crashed with 189 on board in Indonesia. Searches for clues in crash found six bodies in sea off Jakarta, Indonesia. The Lion Air flight JT610 had been carrying 189 people including three children when it disappeared from radar during a short flight from Jakarta to…
Fabiana Adbel-Malek (36), a former UBS compliance officer in London, frequently accessed bank’s internal databases for the latest information on takeovers UBS was working on and improperly passed the details to her friend, Walid Choucair (39) in Tramp, a private Mayfair members club and used burner phones to impart inside information that would net £1.4m…
An Emerald and Seed-pearl necklace owned by Maharani Jindan Kaur, the wife of Sikh Emperor Majaraja Ranjit Singh, has been auctioned at Bonhams for £187, 000 in London on Tuesday. The necklace was among the listed items to be auctioned from the Lahore Treasury as part of Bonhams Islamic and Indian Art sale in London.…
Debenhams which has 166 branches has posted a £491.5m record annual loss against a profits of £59m previous year and will close up to 50 stores in the next 3-5 years putting 4, 000 jobs at risk. Boss Sergio Bucher said the company was “taking tough decisions, as 40 of these stores earmarked for closure…
Cobalt, a low-cost Cypriot airline, which was the largest carrier in Cyprus, operated two or three flights a day from Heathrow and Gatwick to Larnaca on the south coast of the Mediterranean island and Stanstead has suspended operations indefinitely and warned passengers booked on its flights not to turn up. It added “We sincerely apologise…
Reliance Industries has said it will buy majority stakes in Den Networks and Hathway Cable and Datacom two of India’s largest cable and wired internet services providers. Reliance will take 66 per cent in Den for £237.5m and 51.3 per cent sgtake in Hathway for £305m. The deal will accelerate JioGigaFibre rollout to 50…
Apple has been granted a second patent for its fold-able design for the iPhone, with screen folded inside it and another where the display wraps around the outside of the device like a book and double-hinged design which can carry both. Apple received its first patent back in 2016 for a fold-able phone. The…
Patisserie Valerie, the British café chain has found a potential fraud on its accounts, had used up £9.7m on two separate bank credit liens without the board’s knowledge. Patisserie Holdings, the chain’s parent company, confirmed the discovery of the overdrafts, at Barclays and HSBC, Patisserie Valerie secure a lifeline on Friday when Luke Johnson, the…
Britain’s Glorious past and fall from grace featured by James Hamilton-Paterson, including Scotch Whisky, Triumph, who incidentally owned by industrial conglomerate BSA, who once provided motorbike for Steve McQueen, in The Great Escape and Marlon Brando in The Wild One, is to become one of the leading players in Britain’s flourishing motorbike industry, which…