Helicopter crash in French Alps kills 5

A helicopter Eurocopter EC135 owned by Service Aerien Francais, a private company carrying out a rescue mission has crashed and fell from an altitude of 1, 800 metres ( 5, 900ft) in the French Alps, near the town of Bonvillard in the Savoir area killing five of the six people on board. The alarm was…

Economic long term Stagflation

Economy is bothered about demography, although ageing and shrinking of the population across the world is a striking and a new phenomenon on the human history. Demographic and globalisation will reverse three multi-decade global trends  and will raise inflation and interest rate, but lead to a pullback in equality.  Whatever the future holds it is…

New tunnel linking Kent and Essex will add 5m tonnes of CO2

A British government report published in March provisionally estimated the UK carbon emissions in 2019 to be 351.5 million tonnes. The traffic created by the road is expected to generate 3.2 million tonnes over 60 years. The Lower Thames crossing (LTC) the UK’s biggest roads project since the M25, a flagship project in the UK’s…

Holding Power to Account

  Barber’s diaries offer close up view of challenges of editing and of leadership in an age of upheaval, an engaging chronicle of the 14 years at  the FT’s helm. The real scoop isn’t on the front page – Lionel Barber as FT editor for the tech boom,  who whispered or yelled what into the…

World’s largest Amethyst set to fetch £310k

    Deep Purple,  measuring 17 ft by 6 ft, one of the world’s largest amethyst geodes, as tall as a giraffe is expected to fetch £ 320, 000 ($427, 000) at Bonham’s natural history sale auction in Los Angeles. The gem found in Uruguay contains rare yellow crystals that enhance its value. The other…

Astronomy icon collapses and in ruin

Puerto Rico’s huge telescope at the Arecibo Observatory, suffered a 1000 ft gash to its dish when cable snapped in August and has totally collapsed. The observatory was built in the 1960s, was once the largest of its kind in the world. The National Science Foundation’s Arceibo Observatory in Puerto Rico, known for its studies…

Pets at Home sold for nearly £1bn

Pets at Home. the specialist veterinary business has been sold to rival Linnaeus Group, the US Private equity firm Kohlberg Kravis Roberts (KKR) for £955m in a deal that hands its top directors, and co-investors, and founders ROI. The five sites being sold to Linnaeus which is part of Mars Petcare are Dick White Referrals…

Royal Mail hikes up the price of stamps

  Royal Mail is to increase the price of stamps from 1st January 2021 with 1st class going up 9p to 85p and second class up 1p to 66p. The rises were necessary to “help ensure the sustainability of the service” according to a Royal Mail Spokesman. The Universal Service Obligation requires Royal Mail to…