Governing Trump’s way

Trump administration is the leakiest administration since the Founding Fathers created parchment, much of what happens behind the scenes in nearly real-time accompanied by the running commentary from the President’s Twitter account. Washington Post reporters Philip Rocker and Carol Leonnig reveal Trump at his unvarnished, showing the unhinged decision-making and incompetence that has floored officials…

Airbus fined for bribery and corruption

Airbus for years practiced a “massive scheme to offer and pay bribes” involving top executives, according to disclosure in courts in Washington, Paris, and London as Europe’s aerospace champion agreed to pay €3.6bn in penalties to regulators in France, the UK, and the US. Many of the bribes were paid through shell companies set up…

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…

Coronavirus is a global emergency : WHO

The  Coronavirus had been declared a global emergency by the World Health Organisation, as the outbreak continues to spread outside China. “ The main reason for this declaration is not what is happening in China but what is happening in other countries”, said Tedros Adhanom Ghebreyesus, WHO chief. The concern is that it could spread…

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…

Royal Philips to sell its consumer applinaces division

Royal Philips, the Dutch conglomerate announced the disposal of one of the best-known consumer electronic domestic appliances arm or spin it off into a separately listed company, so that they can focus on the health care sector. Frans van Houten, CEO said the domestic appliances unit was no longer a “strategic fit”  for the company…

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…

Grenfell enquiry phase II: Cladding fire risks “were known”

Arconic and Celotex suppliers of key components of implicated in the Grenfell disaster were accused of knowingly allowing the installation of dangerous products during the tower’s refurbishment of the west London Block of flats, as they supplied materials not fit for purpose. The US metals group, Arconic, and Celotex, a UK-based materials company,  were criticised…