The Bank of England has raised the interest rate by 0.25 % to 0.75%- the highest level since March 2009. This move will increase the interest costs of more than three-and-a-half million residential mortgages that have variable or tracker rates. It will be welcomed by savers, who could see a lift in their interest rates…
C Banner International, a Hong Kong-listed Chinese Fashion group, that also owns toy shop Hamleys abandoned plans to rescue House of Fraser, which was founded as a Glasgow draper in 1849, one of the UK’s oldest best-known retail chains. The Chinese company said it was “impracticable and inadvisable” to proceed with acquiring controlling stake in…
Aeromexico flight AM 2431 flying from Guadalupe Victoria International Airport in Durango to Mexico City crashed around 16:00 local time (21:00 GMT) Just moments after take-off, with 99 passengers and four crew surviving the ordeal 97 with minor injuries. Most of the passengers were able to walk away before the plane caught fire. According to…
Beano comic first published in Julyn30, 1938 and they continue to laugh at the world form “kidview” as comic celebrates its 80th birthday. Beano launched characters like Dennis the Menace, Minnie the Minx and The Bash Street kids, and its sister paper The Dandy, which went on sale eight months earlier. Publisher DC Thomson in…
In the mid-sixteenth century, England was indeed a relatively insignificant small kingdom on the periphery of Europe. Group merchants formed the world’s first joint-stock company and set out seek new markets and trading partners. Archival research and bold interpretation of the historical record, New World, Inc. paints a portrait of life in London, on…
Qualcomm reveals world’s first millimeter Wave antenna and for 5G and sun-6Ghz smartphones. Qualcomm is debuting two critically important new “modem-to-antenna” components the world’s first fully integrated mobile device-ready 5G millimeter wave (mmWave) antenna modules and sub-6 GHz RF modules. These parts will enable even smartphones to connect to upcoming 5GmmWave networks, an…
Facebook shares fell by more than 20 per cent on Wednesday after the social media network’s revenue and user growth fell short of investor expectations. The firm had 2.3 billion monthly active users at the end of June 2018, which was 11 per cent up from June 2017, the slowest growth in more than two…
A breed of new scanners at Heathrow Airport could end the liquid restrictions in Hand luggage in the UK. The machines take a 3D X-ray, allowing security staff to check items without requiring them to be removed from bags and can detect explosives. The worldwide rule of liquid restrictions in hand luggage began in 2006…
Pics Laurence Price Farnborough Airshow has certainly been a popular attraction for visitors with spectacular flying displays from Red Arrows. Ever since Concorde retired 15 years ago, three US firms Boom Supersonic, Aerion Supersonic and Spike Aerospace are racing to be the first to slash travel times across the globe, with passenger jets travelling…
Fund Inflows into the technology industry have surpassed the £20bn mark already for the current year despite raising concerns among a few fund managers that the “tech trade” is overextended. Global equity funds associated with technology stocks took in another $673m in the week ending July 18, with the 12th straight week of inflows, bringing…