Indian tycoon Vijay Mallya has been arrested in London, by the Metropolitan Police’s extradition unit on behalf of Indian authorities in relation to accusations of fraud. India has been pushing for the extradition of Mallya, who face charges of financial irregularities at his defunct Kingfisher Airlines. Mallya was later granted bail. Last month, the…
Airlines are flouting existing EU law and taking law into their own hands with no one to stop them. Two Easyjet Passengers were removed from an overbooked flight at Luton Airport flying to Catania in Scilly on Monday last week, the day after a United Airlines passenger was dragged off a plane in US. The…
Whenever there is a financial crisis, Economists does a forensics and post-mortem of past financial crises to discover the clues as to how the next one might occur and what you can learn from them. In the latest book by former Securities and Exchange Commission regulator and Treasury department advisor Richard Bookstabe, reveals how the…
Canadian YouTube Vlogger, Comedian Writer and actress, Lilly Singh 28, 75th most popular star and ranked 20th YouTube star, from Scarborough, Toronto of Indian heritage, nicknamed as “Superwoman” when speaking to her social media following of over 12 million people, appeared on Forbes “highest paid YouTube Star of 2015” list. She earned an estimated $2.5m…
A Vietnamese descent passenger of United Airlines was forcibly dragged, to make room for airline staff, from an overbooked flight from Chicago to Louisville, Ky. and left with blood dripping from his face. The video of United Airlines passenger creates a furore in China as over 270 million viewers watched in Weibo Chinese equivalent of Twitter…
Global technology groups Tencent, eBay and Microsoft have injected $14bn into Indian e-commerce group Flipkart to face a battle with Amazon. The fundraising comes ahead of proposed deal for Flipkart to take over its biggest domestic rival Snapdeal, a plan backed by Japan’s Softbank, Snapdeal’s biggest investor. Forrester Research, which predicted that Indian e-commerce sales…
China HNA Group, headquartered in Haikou, Hainan, China, a large tourism and domestic airline operator chaired by Chen Feng, has struck £32.4bn ($40bn) of deals in the last two years announcing plans to buy Singapore logistics provider CWT for $1bn. CWT provides warehousing and logistics services to the commodities industry. With the acquisition of CWT,…
India’s two biggest e-commerce groups Snapdeal and Flipkart are attempting a merger engineered by Japan’s Softbank, in a bid to compete with Amazon, which is planning spend over £4.05bn ($5bn) to become India’s dominant internet retailer. SoftBank owns a 35 per cent stake in Jasper Infotech, Snapdeal’s parent company, is also in advanced talks with…
The World’s largest precious metal producer, Barrick Gold, has agreed to sell a 50 per cent stake in one of its biggest mines to a state-backed Chinese company as part of a wider deal, for tapping material wealth elsewhere in South America. Shandong Gold will pay $1bn for half of the Veladero mine…
WhatsApp is entering India’s booming digital payments industry, after the demonetization in India and setting up a clash between the Facebook-owned mobile messaging app and Pay TM, the payment startup by Alibaba. WhatsApp’s website under the heading ” Digital transactions lead, India” announces the forthcoming digital payment service, collaborating with the banks and developing global support.…