Police in Macau have arrested two men including Chan Weng Lin, CEO of Macau Legend Development which runs Landmark Macau, Babylon Casino and Legend Palace Casino in Macau, over alleged money laundering and illegal gambling. The move comes after the arrest in November of high-profile Macau gambling executive Alvin Chau, chairman of Macau’s biggest junket…
Czech-born professor and Canadian scientist Vaclav Smil from the University of Manitoba, a world-leading expert on energy and an astonishing polymath, in a thought provoking book “How the World Works”, encounters the influential thinking, crushes complex data, with fundamental importance of energy in human affairs. We never had so much information or disinformation at our…
Fortescue Metals buys Williams F1 battery arm and technology arm of the Williams Formula One racing team for £164m ($222.2m). Andrew Forrest Australia’s richest man, Fortescue’s founder and chairman, who is worth more than £13.3bn ($128bn) is buying the battery said “ This announcement is the key to unlocking the formula for removing fossil-fuel powered…
An insight into the most secretive art world, its list of crimes, including money laundering, tax evasion, smuggling, looting of cultural sites , forgery, theft and Nazi plunder, with prices in the hundreds of millions for individual artworks and billionaires in largely unregulated universe. Increased prices and globalization have introduced new levels of fraud…
Christopher Leonard, the New York Times business journalist, infiltrates the Federal Reserve to show how its policies steered by Chairman Jerome Powell over the past ten years have accelerated income equality and put America’s economic stability at risk. The press credited the Fed when the economy grew and also when the economy imploded in 2008,…
Avocado fruit, with low sugar content, but rich in nutrients like monounsaturated fatty acids which tastes like butter, is eaten as smoothies, ice cream. The scientific name of Avocado is Persia Americana originated in southern Mexico and Colombia about seven thousand years ago. If one takes avocado daily it is good for heart and increases…
Award-winning financial historian delves into character-driven story of venture capital and the world it made. “Innovations rarely came from experts” Jeff Bezos, Elon Musk was not in the auto industry. When it comes to innovation, the future cannot be predicted, it can only be discovered. Most attempts at discovery fail, but a few succeed at…
Four passengers including an infant survived a Eurocopter EC135 helicopter crash landing in a built-up area, avoiding overhead power cables and building before it hit the street and slid into bushes outside a Methodist Church in Philadelphia. “The helicopter taken off from outside Philadelphia is believed to have encountered mechanical problems during the flight” a…
Retail liquor and cannabis shops in Canada’s Quebec province will require shoppers to show proof of vaccination amid a rising surge of new Covid cases from 18th January. Proof of vaccine is also required in health facilities, theatres, bars and indoor sport and performance venues. Over 109, 000 cases of Covid were recorded in the…
Samsung Electronics, the world’s biggest memory chip maker is expected to post a 52 per cent profit for the last three months of 2021, amid the global chip shortage. It made 13.8tn chips earning them £8.bn in the fourth quarter. The global shortage of semiconductors has been causing major disruptions for manufacturers from carmakers…