Streatham attacker named as Sudesh Amman who stabbed two

Sudesh Amman (20) who was released around a week ago after serving bi half of his sentence of three years and four months for terror offences was shot dead by police after he stabbed two people in Streatham, South London. He was under police surveillance at the time of the attack on Streatham High Road…

Man dies after taking ecstasy

A 19-year-old man at a student night club has died with a 22-year-old woman seriously ill after taking Warwickshire police said was MDMA or Red Bull pills at the Assembly in Spencer Street in Leamington Spa, at about 05:00 GMT. Officers said they did not know if the group had bought the drugs at the…

Drug cartels move in on Avocado

Dozens of trucks an hour setting off from the avocado belt in Mexico’s western state of Michoacan for the US, armed robbers are zeroing in on the fast-growing Avocado multi-billion-dollar industry. The rise in Avocado related crime has turned part of the state into no-go areas even for the police. Juan whose family has farms…

Ovo energy fined £8.9m by Ofgem

Bristol-based private energy provider, Ovo is fined  £8.9m after the energy regulator Ofgem reprimanded it for giving customers “inaccurate” or “incomplete” information over the last five years. Ofgem also listed a series of failings by Britain’s second-largest supplier, which has caught the attention over the past decade by attacking the business models of the former…

Coronavirus kills 200 as fears soar of global economic blow

Global equity markets and oil prices fell sharply yesterday as the fast-spreading coronavirus hit sectors from travel to manufacturing amid warnings that the disease would hit China’s economic growth. In the US the S&P 500 index was down 1.4  per cent in the afternoon trading and UK’s FTSE 100 and European composite Stoxx 600 both…

Corruption at the Deutsche Bank

There is a scandal in the Wealth Management division of Deutsche Bank which paid £1.1m to secure the wealth management business of a senior Saudi Royal financial adviser, whose wife was paid according to an internal probe that led to two former employees being reported to criminal prosecutors. The money transfers were arranged in 2011…

Banker named by Angolan prosecutors has been found dead

Nuno Ribeiro da Cunha, a Portuguese banker named by Angolan prosecutors as a suspect in  a multi-billion-dollar embezzlement probe involving Isabel dos Santos, Africa’s richest woman, has been found dead in Lisbon, has been found dead in Lisbon in the garage of his house on Wednesday night. Ribeiro da Cunham was one of four Portuguese…

Barclays brothers to sell Ritz hotel for £750m to Sidra

Sir David and Sir Frederick Barclay are selling the Ritz hotel for £750m  to Sidra Capital a wealthy Saudi Arabian family investment business. The hotel in Piccadilly, built by Cesar Ritz in 1906, has been popular with stars since the age of Charlie Chaplin and Ballerina Anna Pavlova,  is one of  London’s most coveted property…

Way forward for 5G networks

A couple of months ago, the heads from 18 small British telecoms companies met at a London bank to discuss investment, strategy, and mergers. In the meeting, they were asked if they thought the Chinese could eavesdrop through back doors in Huawei equipment all 18 hands went up. One of the bankers then asked, if…