Saudi Aramco’s bond sale for the first time reveals the Kingdom’s state oil group generated more profits last year than any other company in the world, a financial performance it has kept secret for three-quarters of a century. The results showed it generated $111.1bn in net income last year, almost double that of Apple and…
Nirav Modi’s barrister Clare Montgomery state in UK court, that ” he has a pet dog to prove his ties to UK , as Modi got a dog after his son, who studied in a London school, went to US. None of these actions are emblematic of someone setting out to flee the country”. Chief…
Torben Iversen, a Danish political science and professor and David Soskice, British economist and professor at the London School of Economics addresses does capitalism conflict with democracy with a resounding “no”, Not only capitalism work, it is also the only economic system that works and insists that democracy and the advanced market economy are symbiotic.…
Iceland’s Wow Air has stopped all flights, stranding thousands of Passengers. Its website says Wow has ceased operations and cancelled all flights and passenger needing to travel should book with other airlines. The carrier which had been in funding talks with investors, flew from London Stanstead and Gatwick in the UK. Wow was founded in…
Sports Direct’s Mike Ashley made a £61.4m bid for struggling Debenhams in its latest attempt to derail the department store’s rescue financing. Sport Direct, the largest shareholder in Debenhams, is prepared to offer 6p a share for the crisis hit firm if it agrees to conditions including Ashley becomes CEO and drop its current refinancing…
A South West Airline Boeing Max 8 aircraft without any passengers made an emergency landing in the US Orlando after experiencing an engine problem. The plane was heading to California for repositioning but made a safe emergency landing in Orlando. Southwest Flight 8701 departed from Orlando International at 2:50pm Tuesday, but was forced to return…
A British Airways flight BA3271 LCY-DUS operated by WDL Aviation left London City at 7:47am and destined for Dusseldorf in Germany has landed in Edinburgh by mistake, after the flight paperwork was submitted incorrectly. The passengers realised the error when the plane landed and the “ welcome to Edinburgh” announcement was made. The flight was…
A PwC whistle blower has accused the Big Four accounting firm of serious independence failing after it allowed its auditors to fly in a jet owned by a major client, US-listed chipmaker Micron. Mauro Botta, a former PwC auditor is suing the firm in the US for wrongful dismissal, alleging that a photo of the…
Garuda Indonesia has scrapped its multi-billion –dollar order of 49 Boeing 727, Max 8, the first reported cancellation for the aircraft involved in the Ethiopian Airlines, and Lion Air crashes. Ikhsan Rosan of Garuda Indonesia revealed that it sent a letter to Boeing on March 14 asking to cancel its order of Boeing 737 Max…
Tata Motors unit Jaguar Land Rover after three year court battle has won a legal case to prevent China car brand from selling a copycat vehicle. In 2016 UK-based carmaker sued Jiangling Motors Corporation for its Landwind X7 sport utility vehicle, which the company claimed bore an extremely strong resemblance to the Range Rover Evoque.…