Plane crashes in a lagoon

Air Niugini plane Boeing 737-800 from Papua New Guinea, carrying 35 passengers and 12 crew has come down in a lagoon off Chuuk International Airport in Micronesia after it overshot the runaway by 160 yards. All were rescued and none of them suffered serious injuries. The cause of the crash is unclear and an investigation…

Bees in plane’s engine causes flights delay

  Bees expert safely removed the estimated 20,000 bees from the engine of a low budget Mango Airlines plane at the main airport in South Africa’s coastal city of Durban. The bees populated the engine in less than 25 minutes and delayed three passenger flights at King Shaka International Airport.   According Mango Airlines spokesman…

Michael Kors buys Versace in £1.64bn deal

Michael Kors is buying the Italian fashion house Gianni Versace in a £1.64bn ($2.1bn) deal. Versace is a family-owned European brand, founded by the designer Gianni Versace 40 years ago and built its reputation by dressing some of the world’s most glamorous women including Princes Diana, Demi Moore and Elizabeth Hurley, is being snapped by…

Emirates and Etihad to merge

In a mega deal for the airline industry, Emirates is to takeover Etihad Airways PJSC. The two carriers are in preliminary talks over a deal. The two carriers are in many ways duplicates, of Etihad’s  88 passenger destinations, all but 11 are also served by Emirates and that the group destination is a three-tier bunch,…

Aston Martin targeting £5bn valuation

The British luxury carmaker, Aston Martin is targeting a valuation of £5bn when it lists its shares on the London Stock Exchange on 3rd October 2018. Andy Palmer, CEO of Aston Martin said ”We have seen almost unprecedented investor interest. This has always      been part of the dream to put a car company back on…

How to navigate a debt crisis

The founder of the world’s largest Hedge fund Bridgewater Associates which is a global macro investment firm and Hedge fund guru Ray Dalio, simplifies the big debt meltdowns by analysing the issue into cause and effect.  Dealing with Debt Crises is about spreading out the pain, and spread out the cost of the debt widely…

Qantas Dreamliner from Perth to London forced to turn back

A Qantas non-stop flight Boeing 787-9 Dreamliner QF9 from Perth, Australia to London was forced to turn back when a male passenger became “hyper Aggressive, like a cornered animal”. The plane which had been due to land in London on Saturday night, returned to Perth after two hours of 17-hour flight. “He was suddenly standing…

Hampstead Heath

Picture by Maria Celia Salgado Hampstead Heath covering 320 hectares (790acres) of grass public area sits on sandy ridge on one of the highest points in London. The Heath has embracing ponds, ancient woodlands, a lido, playgrounds, children’s paddling pool, t three open public swimming pools which were originally reservoirs for drinking water from the…

Casts of hustlers funded the investment vehicle

This is the story of 1MDB, the Malaysian State investment fund unravelled earlier this year under the scrutiny of several international probes. Whose repercussions travelled from Asia to Hollywood and toppled a government. Founded by Najib Razak, the former Malaysian prime minister who was voted out of office after an election dominated by scandal and…

Pharma chief blamed for spurring opioid crisis in US

Dr. Richard Sackler, a billionaire pharmaceuticals executive, and whose family own Purdue Pharma, the company behind the painkiller OxyContin, which was granted a patent in January this year for reformulation of a drug used to wean addicts off opioids who have been blamed for spurring the US Opioid crisis stands to profit from the epidemic…