Debenhams has gone into administration and its lender have taken control, after struggling department store chain rejected a last-minute offer of financial support from Sports Direct, its biggest shareholder. The group announced it had appointed FTI Consulting as administrator, and it had immediately sold the operating subsidiaries to anew company control led by its lenders.…
Saudi Aramco increased the amount it will raise in its first international bond sale to $12bn after attracting a record breaking $100bn in orders, far exceeding previous highs for emerging market borrowers out stripping the $67bn of demand Saudi Arabia itself saw in its 2016 government bond market debut. The Saudi state-backed oil producers order…
Microsoft will close its personal health records service HealthVault launched in 2009, on November 20 , 2019, as per an email sent to users and accessed of by ZDNet . Any data within the service will be deleted on the shutdown date, Microsoft said. It allows businesses and consumers to store personal health records…
Ruchir Sharma talks to farmers, shopkeepers and CEOs from Rajasthan to Tamil Nadu and interview both Narendra Modi and Rahul Gandhi offering intimate view inside the lives and minds of India’s people. Sharma also explains how the complex forces of family, caste and community, economics and development, money and corruption Bollywood and Godmen, have conspired…
Mitsui to invest £23m ($30m) in Grota do Cirilo, to tap into Brazil’s lithium Brazil could emerge as a major supplier for high-quality lithium – a raw material used in electric-car batteries- after Mitsui & Co, one of the world’s biggest commodity traders agreed to invest £23m ($30m) in Grota do Cirilo, a hard rock…
Simone Burns (50), a human rights lawyer who spat at a flight attendant and was filmed shouting at Air India cabin crew in a racist and foul mouthed tirade during a nine-hour flight from Mumbai to London Heathrow last November was initially served with 3, 25cl bottles of wine on the flight then refused to…
Snapchat is following the mobile gaming lead of WeChat and Facebook Messenger by adding games to Snapchat as it tries to puts failures of 2018 behind it. Snap is hoping to tap the £54bn ($70bn) mobile gaming market, when Apple, Google, Tencent and Microsoft are all making new bids for developers’ and players attentions. The…
United Airline flight 4390 operated by regional arm United Jet , en route from Knoxville, Tennessee to `Houston, Texas made an emergency landing when two of its cockpit screens went blank mid-flight due to a cooling issue. the flight was subsequently diverted to Dallas /Fort worth Airport after the pilot announced that the flight had…
A property tycoon claims he learned his tricks of the trade from YouTube Videos and no longer needs to work at the age of 28. Nathan Winch, a biology graduate and ex- NHS employee from Barnsley, South Yorkshire earns about £10, 000 a month from investments and has built a portfolio of properties worth £…
Like US, India’s political parties rely heavily on contributions from businesses to finance their election campaigns. Couple years ago, Mr Narendra Modi’s government unveiled what it called as a major clean-up to purge “black money” from politics, by introducing a system of “electoral bonds” for companies and wealthy individuals to make legal and anonymous donations…