British Civil servants have recommended Huawei, the Chinese telecom company should be given a limited role in developing 5G mobile networks, highlighting the absence of alternative suppliers, or else we will lag behind. Boris Johnson, the prime minister has been under pressure from the US and other western allies to ban Huawei from the entire…
Elon Musk, the billionaire co-founder of Tesla saw the market value of the electric car maker pass $`103bn, following a three-month rally in which Tesla’s share price has soared 125 per cent, as Donald Trump compared him to US Inventor Thomas Edison, calling him one of our great geniuses. If the market cap averages $100bn…
Sir David and Sir Frederick Barclay are selling the Ritz hotel for £750m to Sidra Capital a wealthy Saudi Arabian family investment business. The hotel in Piccadilly, built by Cesar Ritz in 1906, has been popular with stars since the age of Charlie Chaplin and Ballerina Anna Pavlova, is one of London’s most coveted property…
Wajid Hussain (27) of Bradford, West Yorkshire, a county lines dealer has been caught after he “brazenly” advertised his dial-a-drug business, Naz & Scooby, 4-for 25 alongside side his mobile number on his own T-shirt. Wajid Hussian who sold heroin and crack cocaine for the Scooby network was busted when an undercover cop saw his…
BAE System is paying $1.9bn for the GPS for the business of Collins Aerospace, which specialising in GPS receivers for the US military, revealing a renewed sense of direction. This deal will help the military maintain its core competencies of breaking things and killing people. The Unit sold by UTC-Raytheon should be annexed into electronics…
A couple of months ago, the heads from 18 small British telecoms companies met at a London bank to discuss investment, strategy, and mergers. In the meeting, they were asked if they thought the Chinese could eavesdrop through back doors in Huawei equipment all 18 hands went up. One of the bankers then asked, if…
The art form of yoga is no longer the preserve for hippies or hip-millennials, as a multi-dollar industry with varieties including hot yoga, naked yoga, beer yoga, and doga have taken over. The Indian spiritual discipline is a £20billion-a-year mainstay of the wellness industry. Shearer reveals a cultural cast of characters past and present in…
This is the life memoir of a young start-up employee, who offers clues as to how and why at the height of 2010 start-up boom they were ubiquitous and now they seem to have disappeared. Uncanny Valley gives an insight with a time-lapse of the past seven years in Silicon Valley- from giddy days of…
Foxconn, an Apple lead assembler and depends on Apple for 50 per cent of its revenue, is venturing into electric cars with Fiat, Chrysler Automobiles. Hon Hai, Precision Industry, as the world’s largest contract manufacturer is in talks to set up a business the Italian-American carmaker both holding 50 per cent stake, to make cars…
Jeff Bezos pledged to invest $1bn in India, just after New Delhi anti-trust watchdog ordered an investigation into Amazon and Walmart-owned Flipkart which dominates India’s eCommerce market for $16bn in 2018.in connection with alleged violations of competition law. Mr. Bezos announced the investment to digitise small and medium businesses across India and also targeted $10bnin…