Edinburgh’s Jenners Department store is to close for good after 183 years, with a loss of 200 jobs. The iconic building in Princes Street is owned by Danish billionaire Anders Holch Povlsen who said in 2019 he planned an exciting renovation. In 2017, Mr. Povlsen whose parents set up a Scandinavian fashion company bestseller worth…
Boohoo buy Debenhams brand and Website for £ 55m without taking the firm’s remaining 118 High Street stores or its workforce. The transformational deal triggers 12, 000 job losses. The 242-year-old Debenhams chain is already in the process of closing down after administrators FRP Advisory failed to secure a rescue deal for the business as…
Clyde Prestowitz who worked for President Ronald Regan, and renowned globalisation and Asian expert has advised subsequent US administrations offers useful advice for Joe Biden the new American 46th president to adopt, as resetting US relations with China will be one of his top agenda. The strategies that the United States and its allies can…
Capitalism was stuck as it had no answers to a host of problems, including inequality, the digital divide, disease, poverty, dementia, the environmental crisis even before the 2020 pandemic. Mariana Mazzucato, a high profile economist noted for her advocacy of a more active state calls for rethinking our capabilities and role of government within the…
Bellingcat, the home-grown investigative unit, the most innovative practitioners of open-source intelligence and online journalism, self-taught internet sleuths end up solving several mega crimes of our time. Their founder, a high school dropout on a kitchen laptop tells the story of how they created a whole new category of information-gathering galvanising citizen journalists across the…
Lord Hamblem the Supreme Court judge said the court accepted the arguments from representatives of policyholders and dismissed appeals from insurers against an earlier judgement finding in policyholder’s favour, covering issues such as disease clauses, whether business was denied access to the properties and the timing of lost earnings. Following a Supreme Court ruling…
Twitter boss Jack Dorey has said banning US President Donald Trump was the right thing to do but expressed sadness at what he described as the “ extraordinary and untenable circumstances” surrounding Mr. Trump’s permanent suspension. Twitter has been praised and criticised for freezing Mr. Trump’s account as German leader Angela Merkel, Mexican President Andres…
Stefan Thomas, the programmer who forgot his password and tried eight times with only two attempts left which will let him unlock a hard drive containing £175m ( $240m) worth of Bitcoins. An Ex-Facebook security head Alex Stamos offered to help for a 10 per cent cut. Mr, Thomas who was born in Germany, but…
Gulshan Bhatia, 87, a Tanzanian Asian hotel visionary passed away on 29th December 2020, a self-made millionaire, with a fortune of over £90m has steadily worked her way up the property ladder with her hotel stretching from Hiltons in London’s Euston and Paddington as well as a hotel in Kensington Hyatt Regency in Birmingham and…
Media Billionaire Sir David Barclay, the co-owner of the Daily Telegraph newspaper, has died aged 86. Sir David, with his twin brother Sir Frederick, built up a business empire spanning hotels, retail, and media. The brothers had an estimated wealth of £7bn according to Sunday Times Rich List 2020. Born in Hammersmith, west London, in1934, …