The Coronavirus had been declared a global emergency by the World Health Organisation, as the outbreak continues to spread outside China. “ The main reason for this declaration is not what is happening in China but what is happening in other countries”, said Tedros Adhanom Ghebreyesus, WHO chief. The concern is that it could spread…
Royal Philips, the Dutch conglomerate announced the disposal of one of the best-known consumer electronic domestic appliances arm or spin it off into a separately listed company, so that they can focus on the health care sector. Frans van Houten, CEO said the domestic appliances unit was no longer a “strategic fit” for the company…
Arconic and Celotex suppliers of key components of implicated in the Grenfell disaster were accused of knowingly allowing the installation of dangerous products during the tower’s refurbishment of the west London Block of flats, as they supplied materials not fit for purpose. The US metals group, Arconic, and Celotex, a UK-based materials company, were criticised…
There is a scandal in the Wealth Management division of Deutsche Bank which paid £1.1m to secure the wealth management business of a senior Saudi Royal financial adviser, whose wife was paid according to an internal probe that led to two former employees being reported to criminal prosecutors. The money transfers were arranged in 2011…
Cow & Gate and Tesco are recalling 15 types of baby food jar as a precautionary measure amid concerns some may have been tampered with. Customers who bought food for babies aged over seven months in Tesco stores in the UK are advised not to use them because they may pose a safety risk. The…
Boeing’s 252 foot-long passenger plane 777X has successfully completed the first test flight of the world’s largest twin-engined plane near Seattle at 2:00pm local time (22:00 GMT) and lasted four hours. Earlier two attempts were called off this week due to high winds. Further tests are needed before the 777X aircraft which features include folding…
In the great financial crisis of 2007-2008, finance came too close to wrecking the global economy. The presence of rogue behaviour in finance, Nesvetallova and Palan turns to the economist Thorstein Veblen (1857-1929) who observed that businessmen were proficient at making profit by interfering in markets, and wrote “ something in the nature of…
In the 1970s when social historian Jane Robinson was at high school, there were only four options for British girls to fill up the time between leaving education and getting marries – secretary, nurse, teacher, and hairdresser. Robinson who wanted to go to university despite discouraging career adviser saying “ a degree was no…
The Nord Stream 2 gas pipeline intended to connect Moscow and Germany, opposed by the US, which has imposed a series of sanctions in an attempt to stop it, as well as by several other EU member states. When Angela Merkel met Vladimir Putin, after the US military killed Iranian commander Qassem Soleimani in a…
The UK’s Competition and Markets Authority have launched a last minute review into Takeaway.com and Just Eat’s £6bn merger, throwing one of the UK’s biggest tech deals in recent years into doubt. The probe follows a months-long review of Amazon’s planned minority stake in Deliveroo, Just Eat’s biggest rival . Both cases are investigated on…