The UK government debt at the end of July 2020 was £2, 004 trillion, £ 227.6bn more than at the same point last year according to the Office for National Statistics (ONS), which means the entire value of the country’s economy for the first time in 60 years. The Government owes the equivalent of 100.5…
Apple has become the first US company to be valued at $2tn (£1.5tn) on the stock market within two years after becoming the world’s first trillion-dollar company in 2018. Its share price soared to $467.77 on Wednesday midmorning trading to push it over the $2tn mark. The only other company to reach the $2tn mark…
Pizza Express chain owned by Chinese firm Hony Capital is to close 73 of its UK restaurants with the potential loss of 1, 100 jobs in a deal to reduce rent costs. Zoe Bowley, Pizza Express’s managing director for the UK and Ireland said: “Unfortunately, the impact of the global pandemic has meant that we…
. Citigroup transfers $900m to Revlon lenders in error on behalf of the cosmetics company and claimed it was a ”clerical error” and wants its money back. Some hedge funds claimed Revlon was in default and reportedly denied giving Citigroup the money back. The $900m is reportedly similar to the amount Revlon’s lenders were seeking…
China is now the newest country in the world following the footsteps of Russia to register its novel vaccine for Covid-19 produced by CanSino biopharmaceutical firm. Chinese authorities granted the patent after studies proved that the vaccine prototype concurred with creative and intellectual property bases set by Beijing officials. The Chinese vaccine titled Ad5-nCOV was…
Ritz Hotel in London have been targeted by scammers posing as hotel staff to steal payment card details. The scammers were extremely convincing when they phoned with accurate details of their restaurant bookings, asking them to confirm card details . Thye then tried to spend thousands of pounds at the catalogue retailer Argos. According to Ritz,…
Matt Ridley, reveals the vital ingredients for success by chronicling the history of innovation and how we need to change our thinking. We experience dramatic improvements in our living standards and unsettling changes in our society From Britain to Brazil, world economy is choking in first gear as we indefinitely await a vaccine, having…
The UK government has signed a deal for a further 90 million coronavirus vaccine with the Belgian Pharmaceutical company Janssen and the US biotech company Novavax. This brings the tally of UK orders for six experimental vaccines to 340 million doses including 100 million doses of Adenovirus vaccines by Oxford University/ AstraZeneca, 30…
The UK economy suffered its worst and biggest slump on record between April and June due to coronavirus lockdown measures, shrinking as much as 20.4 per cent compared with the first three months of the year. The UK is officially into recession. Household spending plunged as shops were ordered to close, while factory and construction…
Former FTSE 100 company has damaged reputations of London and the UAE. The Abu Dhabi based hospital operator BR Shetty (77) set up healthcare provider NMC in 1975, after emigrating to the United Arab Emirates from his native India, He created an emerging market company with a seductive pitch to investors and a charismatic founder…