The US is looking at ways to channel money to Huawei’s European rivals, as officials warn that the Chinese company is becoming dangerously dominant in the race for the next generation of mobile communications. The US official have suggested issuing credit to companies such as Nokia and Ericsson to enable them to match financing terms…
The Punjab and Maharashtra Co-operative Bank branch was taken control by the Reserve Bank Of India and announced withdrawals would be limited to Rs 1000 per account for the next six months. The limit first to Rs 10, 000 and then to Rs25, 000, which RBI says will allow about 70 per cent of PMC’s…
Timeline of famous cocktails invention, as it took years of mixing to create the classic drinks which every bartender is familiar with and we order at bars today. The Oxford English Dictionary cites the word cocktail originating in the US. The first recorded use of cocktail as a beverage in the United States appears in…
Fifty-year-oldPizzaExpress chain is under pressure to split UK business from international operations. The pizza chain and debtvholders have consulted financial advisers ahead of third-quarter results next month, which are expected to reveal poor summer trading that will weigh on a balance sheet already laden with £1.1bn net debt. HIG Capital, the distressed debt investor have…
Airbnb’s Brian Chesky who want to attract more high spending business, travellers, believes that hotels on Airbnb will help attract business travellers who have been reluctant to use the service. More than half of HotelTonight’sw customers are these high spenders. Getting into hotel business also adds new inventory in big markets. Chesky is targeting New…
Sir John Kingman (50) is being lined up to be chairman of Tesco Bank, that could rule him out as a candidate to run the Bank of England and will not succeed Mark Carney. Kingsman is chairman of FTSE100 insurer Legal & General, with a £490, 000 and was previously second permanent secretary to the…
Gretchen McCulloch, a Canadian linguist, making sense of the ways we communicate online “ how internet is making us more nuanced and inventive writers”, in her latest book she writes “ because of internet, through a revolutionary period in linguistic history, where writing quickly, within character limits and deploying ever-changing internet slang, is enriching…
The Guardian newspaper investigative journalist Amelia Gentleman, received an email from a charity with a message describing how the UK government was trying to deport a 61-year-old grandmother who had arrived from Jamaica aged 10, but had no documents to prove that she had entered Britain legally. Months of investigation revealed that this was not…
A Tunisian friend of Justin Marozzi told him, “I’m embarrassed to be an Arab these days. Everywhere you look there’s chaos, fighting, bloodshed, dictatorship, corruption, injustice, unemployment. The only thing we’re leading the world in is terrorism”. For centuries the caliphate was both ascendant on the battlefield and triumphant in the battle of ideas, its…
Dave Lewis, CEO of Tesco, is to step down from his “all consuming” role, handing the management of the UK’s largest food retailer to Ken Murphy, ex-CEO of Walgreens Boots Alliance, the US pharmacy group that runs the Boots chain in the UK. 54-year-old Mr Lewis said he needed to “recharge the batteries” five years…