British Airways pilots have threatened to ground planes and escalate pressure on the airline which is preparing to cancel almost all of its 850 flights during strike action on Monday in a dispute over pay. The government has intervened and asked the UK’s flag carrier for the two sides “to get around the table and…
WeWork is expected to be valued at about $20bn in its IPO, less than half the $47bn figure reached in its most recent round of funding from Japan’s SoftBank, after investors raised doubts about the ability of the lossmaking shared office provider to become profitable in the near future. The lower valuation is a blow…
Boris Johnson stripped off his working majority in the battle of control of House of Commons yesterday, as MPs opposed to a no-deal Brexit fought to wrest control of the Parliamentary agenda from the Prime minister, after former minister Phillip Lee defected to the Liberal Democrats and 20 Conservative rebels voted with the opposition parties…
Twitter and Instagram was used to hurl racist abuse at Paul Pogba, the Manchester United midfielder. Team-mates rallied to his defence, criticised social media companies who inturn gave their usual excuses that they were monitoring the situation banning those who participated in the abuse, investing in new tools to avoid such situations. The Twittering Machine…
Apple’s reputation is dented by the discovery that iPhone owner’s were exposed to more than a dozen software vulnerablities for the last two years. Hackers were able capture iPhone owner’s text messages, photos and device locations on hundreds of thousands of devices until security researchers at Apple’s smartphone rival Google revealed it of the sustained…
YouTube is abandoning its plan to lure more paying subscribers and stepping back from the Netflix-led ware on streaming. Google-owned platform is reverting back its original programming free to watch on its website. YouTube is focusing on its ad-supported model, rather than chasing content providers such as Amazon and Netflix as Apple and Disney are…
The 179-year-old travel group has agreed terms of a £900m rescue deal with debtholders and China’s Fosun that aims to save the business but could lead to it being pulled from the stock market. According to the deal Fosun would inject £450m into Thomas Cook in exchange for at least 75 per cent of the…
Singapore has unleashed a self-driving robot bus and tentatively stated to test a fleet of shuttles inits coastal district of Sentosa this week. Tan Nai Kwan, chief robotics engineer at ST Engineering systems said safety was paramount duromg the testing phase and the company is taking no chances. On the first day of the trial …
Philip Morris International is in talks to merge with Altria in a deal that would connect the global and domestic makers of Marlboro and create the world’s largest tobacco group with a market value of £163bn ($200bn). PMI said it was considering an all-share combination that would put it back together with Altria, 11 years…