George Blake, one of cold war’s notorious double agents has died aged 98, according to RIA Novosti. The former MI6 officer, was also the Soviet spy for 9 years handing over information that led to the betrayal of 40 MI6 agents in Eastern Europe. He was jailed in 1960, but escaped in 1966 and…
Tesla CEO Elon Musk has been awarded stock options worth $27.5bn since May, on the same month SpaceX launched America’s first manned orbital mission since 2011. In November Tesla hit the $500bn mark after soaring 547 per cent this year. Jeff Bezos the CEO of Amazon who holds the title of the richest man…
The UK and the EU signed a long-awaited trade deal treaty effective from 1st January 2021 and take over from the arrangements under the transition period which has been the UK continue to follow most EU rules since Brexit day. A comprehensive free trade, free movement Canada style £750bn deal has been agreed. We are…
Historic accord is set to be on the verge of a trade agreement plus co-operation on fighting crime and terrorism. Negotiations on the post-Brexit agreement on trade and other issues are expected to be announced, which would avoid the disruption of a no-deal Brexit amid Covid pandemic, The deal will have an agreement on the…
Earlier this year the Grenfell Tower inquiry has heard more than 400 hours of evidence form 53 witnesses, Including staff from Celotex which made the majority of the insulation say they behaved unethically, dishonestly and the company lied for commercial gain while getting the product approved for use on high-rise buildings, the company which hid…
Germany’s Lufthansa is airlifting 80 tonnes of fresh fruit and vegetables from Frankfurt to Doncaster, and Sheffield airports in a Boeing 777, as firms seek to beat the lorry chaos at seaports. In 2019, Frankfurt airport, a major center in Europe that receives goods from food producers all over the continent including France, Netherlands, and…
The UK government continued to support the economy during the pandemic by borrowing soared in November hitting £31.6bn the highest level on record according to the office for National Statistics and the third-highest figure in any month since records began in 1993. The Independent Office for Budget Responsibility has estimated that the amount of borrowing…
In 2021, Rolls-Royce is rolling out an electric aircraft calling it “the spirit of Innovation.” The company hopes the plane will break the world speed record for an electric aircraft by flying at more than 300mph. In September, Airbus unveiled three concept hydrogen-powered planes which could see an important deal signed with Germany, France, Spain,…
Latin American e-commerce giant Mercado Libre has benefitted from the pandemic, as stay-at-home orders forced consumers to buy online. Mercado’s online marketplace sales surged 46.5 per cent in Latin America by the end of 2020 to £15,41bn ( US$20.51bn). with a growth rate of 39 per cent.
The FTSE 100 fell 3 percent before recovering slightly, while the main German and French markets were nearly 3 per cent lower. Sterling fell 0.9 per cent against the Euro and dropped 1.6 per cent against the dollar. Travel restrictions hit airline stocks, with IAG, the British Airways owner down 8.6 per cent, EasyJet tumbling…