Fungus Panama TR$ threaten Bananas

The Colombian Agriculture and Fishing Institute (ICA) has confirmed the arrival of Panama TR4 disease, a soil-dwelling fungus that has devastated plantations in South-East Asia over the past 30 years. Now it threatens Cavendish banana which accounts for half of global production and 95 per cent of the world’s exports. The ICA has declared a…

FINDING “BUDGET” GOOD FOOD IN LONDON

Rio’s Piri Piri at 112 Lisson Grove London NW1 6UL opened on April 5th this year and is the third branch in London joining Croydon and Wembley. There are eleven more outside the London area. Rio’s Piri Piri branches first opened in 2015.  Affiliated with Deliveroo Just Eat and Uber Eat, with a minimum order…

Coca-Cola and Corona appears to experiment with cannabis

Coca-Cola known for its eponymous Caffeine-based drink, but the firm now appears to be experimenting with a different drug: cannabis. The drink giant is in talks with local producer Aurora Cannabis about developing marijuana-infused beverages. Although these drinks would not intoxicate customers but supposed to relieve pain. “Along with many others in the beverage industry,…

Sovereign wealth fund to invest £1bn

Saudi Arabia’s sovereign wealth fund is in advanced talks to invest £1bn in UK’s Babylon Health, a digital health start-up used by the National Health Service. The investment is part of a new funding round for the start-up that will give Babylon “unicorn” status. London-based Babylon founded in 2013 by Ali Parsa, a British-Iranian entrepreneur…

Rapid expansion of OYO

OYO, a fast-growing Indian hotel chain backed by Softbank, is investing  £1.6bn ($2bn) to triple 25-year-old Ritesh Agrawal, the founder’s stake to 30 percent from 10 per cent  in the  company  while light speed and Sequoia, its US backers partly cash out. The share buyback pushes OYO , the World’s third-largest hotel chain behind InterContinental…

Slug & Lettuce to buy 4000 pubs in £3bn Ei deal

The takeover of the Ei Group will add  4000 new publs to Stonegate Pub company’s ( owner of Slug & Lettuce) 765 existing locations .  Simon Longbottom, CEO of Stonegate is owned by the Cayman Island registered private equity group TDR Capital  said that although the deal  ” slightly dwarfs what we’ve done before  the…

NHS introduces UK’s first ever Cannabis treatment clinic

The National Health Service opened the UK’s first ever cannabis treatment clinic in response to alarming levels of “skunk” induced psychosis, as tens and thousands of people are affected. Users of skunk, in the potent form of cannabis, are displaying symptoms of psychosis according to the psychiatrist leading the pilot clinic based in King’s College…

Just Eat Consumes Uber Eats

Just Eat has strengthened its board by poaching  Jambu Palaniappan, ex-head of Uber Eats in Europe, the Middle East and Africa. They hope to satisfy activist investors who say the food delivery firm should be  sold. Online takeaway firm Just Eat’s new executive director Jambu Palaniappan, from Tech Investment firm Atomico, Mike Evans, chairman of…