Astra Zeneca has sent a legal notice to Serum Institute of India, which is manufacturing its vaccine, over vaccine supply delays, according to its CEO Adar Poonawalla, who said “ We are examining all avenues to resolve legal disputes over contractual obligations that Serum Institute is not able to fulfill due to its prioritisation of …
Zachary Horwitz, a 34-year-old aspiring Hollywood actor, was arrested and charged with wire fraud on Tuesday by FBI agents on suspicion of running a £502m ($690m) Ponzi scheme tricking film investors with fake Netflix deals to fund a lavish lifestyle. Mr. Horwitz, whose stage name is Zach Avery, allegedly raised funds from investors for film…
According to Forbes’ Annual rich list, Beijing now has more billionaires than any other city in the world, with 33 billionaires last year now leaping to 100 beating New York which has 99, who had held the top ranking for seven years. China’s successful containment of Covid-19 and its e-commerce boom, expansion of its technology…
High Court Judge Mrs. Justice Foster ruled Betfred Punter Andy Green’s favour and said Betfred had no grounds for withholding payment. The judgment means Mr. Green from Washingborough, Lincolnshire will finally receive his £1.7m jackpot, while playing a blackjack game on his phone, payout plus interest, after a three-year battle. The bookmaker refused to pay…
A group of eight Russian diplomats and their families made an unusual exit out of North Korea across the border by initially traveling by train and bus before pushing themselves across the Russian border for about 0.6 miles (1km) over train tracks. North Korea has blocked most passenger transport to limit the virus spread,…
LG Electronics, the Korean electronics giant said it would close down its six-years of loss-making smartphone business totalling £3.3bn ($4.5bn). LG had made several innovations including ultra-wide angle cameras, rising to third largest smartphone maker in 2013. But as the markets became more competitive with Samsung and Apple advanced, LG suffered from its own hardware…
Neil Woodford dubbed by BBC as Britain’s own Warren Buffett, and “the man who can’t stop making money”, whose funds are built on a lie, which is that you can have daily liquidity for assets that are fundamentally not liquid, leading to an expectation of individuals that it’s not that different to having money…
After almost a week taken to dislodge a giant container ship blocking one of the world’s busiest trade routes, Suez Canal reopens. Tug books celebrated by honking their horns as the 400m-long (1, 300ft) Ever Given was dislodged on Monday with the help of dredgers. According to Peter Berdowski CEO of Dutch Salvage company Boskails,…
In 2017, an offspring from Newcastle University, Advanced Electric Machines (AEM) has developed pioneering electic car motors that do not rely on expensive rare magnets is preparing to raise $25m and is seeking £30m over the next few months to boost UK production capacity. AEM claims to have cracked a problem with “ switched reluctance…
The former Bank governor and now the UN special envoy for climate finance, Mark Carney focuses on the global financial system and corporate governance, along with climate change. Carney’s detailed account of money and finance, where we get tantalising glimpses of life as a central banker – gilt chairs at a G20 summit in Riyadh…