Coinbase, a San Francisco based start-up that is one of the better-known wallet providers and owner of top-10 exchange, has struck a banking relationship with Barclays, beating other UK lenders that had previously shunned cryptocurrencies. Coinbase’s spokesman said that its UK subsidiary had secured a bank account with Barclays, a deal which will simplify deposits…
Flight BS211, a Bombardier Dash 8 Q400 turboprop, operated by Bangladeshi Airline US- Bangla, veered off the runway and crashed on landing at Nepal’s Kathmandu airport after a raging fire on Monday afternoon Killing 50 people. Of the 50 people killed, 31 died at the airport and nineteen in hospital according to local police. 22…
The German utility company E-on, is to acquire Innogy, the renewable energy business from its controlling shareholder RWE. Under the deal E-on will focus on providing energy networks and services to retail customers, while RWE will acquire E-on and Innogy’s renewables business and take a 16.7 per cent stake in E-on. E-on will acquire RWE’s…
Saudi Arabia is to buy 48 Typhoon fighter jets from BAE Systems for £ 5bn, at the end of Crown Prince Mohammed bin Salman’s UK visit, raising hopes of completing a long-delayed multimillion-pound deal, with the signing of the memorandum of intent, when he met Gavin Williamson, the UK defence secretary. BAE shares closed up…
An FBI $50m sting, reveals an illicit network stretching from the Caribbean to Budapest, a Picasso, all helped bring down Beaufort Securities. US Department of Justice accused the English broker of money laundering and stock manipulation. A statement from the UK’s financial regulator at 7 am last Friday, that told Beaufort Services was insolvent. The…
New Look is axing 980 jobs as it plans to shut 60 stores and slash rent on over 400 shops as part of restructuring rescue deal according to the company. The clothing giant, which has 906 shops worldwide is working with insolvency experts at Deloitte and plans to shut 10 per cent of its stores…
The World’s biggest advertiser, Proctor & Gamble, is to bring the control of its marketing and advertising in-house, saving £.144bn ($2bn) in spending with ad agencies. The consumer goods group has already cut its agency spend by $750m in the past three years and surprised industry’s largest companies such as Publicis and WPP, as they…
Dr Donald Highgate working with Bristol and Surrey universities and Director of Research at Superdielectrics Ltd is to develop supercapacitors using the new polymer which was originally used in soft contact lenses which can surprisingly good at holding an electrostatic field. Dr Highgate is of the opinion that the new polymer could eventually rival or…
Wynn Resorts and Las Vegas Sands Casino kingpins are attempting to tempt new Chinese punters such as Li Yunlong, a 28-year-old Chinese project manager who works at a baby milk company in North China’s Heilongjiang province, into their multi-billion-dollar Macau venues. Li Yunlong travels 2800 miles south to try his luck in the only part…