HSBC Holidngs PLC agreed to sell its Brazilian business Banco for £ 3.3 bn , $5.2bn. HSBC, Europe’s biggest bank by assets, announced a 10 per cent rise in profits for the first half of the year that beat all analyst expectations. The bank which has threatened to move its headquarters out of the UK, their…
A London Jury found former City trader 35-year old Tom Hayes guilty on all eight charges and sentenced to 14 years in prison for conspiracy to defraud at the London Court of rigging global Libor interest rates. He is the first individual to face a jury trial for manipulating the rate, which is used as…
Technical geek, Mark Karpeles 30, bitcoin exchange Mt Gox CEO arrested in Japan. The Frenchman is being held in connection with the loss of bitocins worth $319m £247million in February 2013. Mr karpeles is accused of having accessed the exchange’s computer system in February 2013 to allegedly falsify data on its outstanding balance. MtGox claimed…
A private plane crashes into a car auction at Blackbushe Airport Hampshire. According to an eyewitnesses the light aircraft an Embraer Phenom 3oo, which left for Blackbushe from Milan’s Malpensa airport at 13:30 BST on Friday 31st July 2015, burst into flames on impact when it crashed at Blackbushe Airport just after 15:00 BST. South…
Black Monday, the Shanghai stock market saw the second biggest fall in its history on Monday 27th July 201, despite the Chinese authorities unprecedented attempts to stop the rout in equities over past month. The Shanghai Composite dropped 8.5 per cent its sharpest slide since February 2007, Chinese startup dropped 7.4 per cent and Shenzhen…
Randy Sarafan’s Remote-controlled bras of the secret underworld of Syrian lingerie was inspired by electronic singing panties. He is the design studio chieftain at Autodesk/ Instructables and currently leads a team of artists, engineers, designers, magicians, mathematicians, Charlatans, chefs, Scientists and making ground breaking how-to content in the San Francisco Bay at instructables.com is a…
China’s Nanchang twin tower in Jiangxi Province now has the world’s largest LED wall, beating Burj Khalifa’s 828-meter in Dubai, the world’s tallest tower. The LED wall of the Jiangxi 303 Greenland Center, a 303-metre-high twin tower in the provincial capital Nanchang, has an area of 35,300 square metres, breaking the record of the 32,400…
Yusuffali Musaliam Veettil Abdul Kader born 15th November 1955 at Nattika, Thrissur district, Kerala,one of India’s richest , the Managing director of Abu Dhabi based EMKE Lulu group of companies, that own the Lulu Hypermarket chain in Middle East and Cochin with an annual turnover of £2.9 billion $4.5 billion globally has bought the…
Rotimatic co-founders Rishi Israni and Pranoti Nagarkar have the answer for 800million Asians in the sub-continent who in the past have painstakingly made rotis by hand, and it will now revolutionise home cooking in South Asian households. You place flour and water in compartments – no measurements required , tell the machine how many rotis you…
The 127-year old Financial Times. one of famous and strongest brand, is being sold to Japanese media firm Nikkei for £844m in cash, according to Publishing group Pearson There is advertisement used to be “No FT, No Comment” The sale however, does not include Pearson’s 50% stake in the Economist or the FT’s London office…