Sheikh Ahmed bin Saeed al-Maktoum, CEO of Emirates and president of Dubai’s Civil Aviation Authority, one of Boeing’s largest customer has threatened to order aircraft from its arch-rival, and seek compensation for the grounding of 14 737 Max jets at Emirates’ sister airline Flydubai, which has more than 230 on order. He added that…
Patisserie Valerie’s creditors and shareholders have criticised KPMG, for taking on the role of the failed bakery chain’s administrator despite a significant conflict of interest. The Big Four firm said last month that a second administrator would be required to pursue legal claims against Grant Thornton, which was auditor to the chain and also vets…
Billionaire Investor Warren Buffett (88) said he is “ready to buy something in the UK tomorrow, We welcome the chance to put money out any place where we think we understand and sort of trust the system”, endorsing Britain ahead of Brexit. Berkshire Hathaway the conglomerate of Buffett has already a stake in supermarket Tesco…
Uber, the car-hailing group is seeking a valuation of £70.46 ($91.5bn) in its flotation to become Silicon Valley’s biggest initial public offering since Facebook. It is pitching its shares to investors at $50 as other highly valued tech companies including Pinterest, Slack and Zoom are following them to the public markets. Uber is expected to…
Extinction Rebellion environmental activists glued themselves to the main entrance of the London Stock Exchange on the group’s final day of direct action in London. They caused maximum disruption by staging 11-day peaceful sit-ins at several city’s busiest thoroughfares, when over 1000 people have been arrested during the protests and more than 10, 000 police…
A hotel Croydon Hall in the village of Rodhuish, in Exmoor, Somerset is being investigated by National Park officials after it started hosting. Croydon Hall is home to Exclusively Silk- a club that holds intimate parties for sophisticated and classy couples. Further to complaints from the villagers, an Exmoor National Park Authority spokesman said: “…
Back in December 2018, as much as 33 Chinese companies listed on the New York Stock Exchange and Nasdaq including Tencent Music Entertainment, video platform iQiyi and electric car maker Nio as the listing topped $9bn. Luckin Coffee is Chinese equivalent to Starbucks, has joined the elite ranks of privately held Chinese companies with mega…
Occidental Petroleum, one of the five largest US oil and gas production groups has gate crashed by launching a hostile bid for Anadarko Petroleum to try to stop its planned acquisition by Chevron, in the takeover battle of prized US shale oil assets. Anadarko Petroleum has to weigh the overtures from Occidental Petroleum and one…
The Shenzhen-based Huawei’s first quarter revenue rose 39 per cent from the previous year to Rmb179.7bn (£21bn), suggesting US efforts to persuade countries to ban the Chinese group’s telecoms equipment from their 5G networks have not tempered growth. Although Australia and Canada have joined US in blocking Huawei kit several European countries have effectively rowed…
In England and Wales, 30 per cent, around 10 million adults, 16 to 64 have tried the drug at least once, according to the annual crime survey. Cannabis is classified as a Class B or middle risk substance, as around the world or “420” – Cannabis users will be lighting up to celebrate “weed culture”…