Alibaba buys WorldFirst for £546m

Alibaba unit Ant Financial snaps up British Payments group WorldFirst in a £546m ($700m) deal. Ant Financial said the deal will enable the group to reach more customers “especially in the fast-growing area of cross-border ecommerce”. Last year Ant Financial’s thwarted attempt to takeover MoneyGram International, a US based cross-border payments group, that Washington blocked…

Mitsubishi invests £216 million in Ovo Energy despite Brexit

Mitsubishi bought a 20 per cent stake and invests £216 million in Ovo Energy, the seventh largest energy supplier in UK , as the Japanese industrial group seeks a foothold in the digital energy transition. Ovo said the cash injection would help fund international expansion. The funding hits Ovo value to £1bn and would support…

Instagram to remove self-harm images

Instagram boss Adam Mosseri says he hopes new technology will help to flag all graphic images of self-harm  and will be removed from Instagram. Father of Molly Russell, 14-year-old who took her own life in 2017, said Instagram had “helped kill” his daughter. Molly’s family found she had been viewing graphic images of self-harm on…

Shares in Snap soared 26 per cent

Shares in Snap, maker of the Snapchat messaging app soared 26 per cent at the start of Wall Street trading after the firm said last night it had arrested a fall in users on Apple device and drew a series of favourable reviews from analysts for its progress with a new Android app. The targeting…

Sony World Photography Awards shortlist

Sony World Photography Awards announced this year’s shortlist for open and Youth competitions, which received 326, 000 entries from 195 countries. The overall winner will be announced at a ceremony in London on 17th April. Rebecca McClelland, chair of the open youth jury said:” I was astonished with the diversity of work that has entered…

Future of AI streamlined by online game

A new game that claims to break new ground – with a machine intelligence trying to communicate and collaborate with people rather than crush them. The game developed by the AI institute of the late Microsoft founder Paul Allen, which was set to go live online yesterday, is like Pictionary, with one side drawing a…

Riches to rags

Nastasia Urbano 57, who once made  “ a million dollars a year for only 20 days work for four years” fronted campaigns alongside supermodels was the face of Yves Saint Lauren’s Opium perfume. She even dined with Andy Warhol and Jack Nicholson in the 1980s. She was signed by Ford Models Agency and has now…

Sunrise records buys collapsed HMV

Canadian firm Sunrise Records has bought 100 stores, securing 1487 jobs, the collapsed music chain HMV, beating competition from Sport Direct owner Mike Ashley. But 27 stores will close, resulting in 455 redundancies. Sunrise Records CEO Doug Putman, said he was “ delighted to acquire the most iconic music and entertainment business in the UK”.…

Year of the Pig – Chinese New Year

Over a billion people around the world have began celebrating the Chinese Lunar New Year and the start of the Year of the Pig. The Spring Festival, the lunar New Year is celebrated by countries across Asia. Red lanterns, fireworks, special clothing and plenty of food will mark the occasion. The Pig is one of…

“King of good times”  to be extradited

Indian Tycoon Vijay Mallya, who was behind the collapsed Kingfisher Airlines and also behind India’s largest alcoholic drinks empire, is to face charges of fraud and money laundering worth up to £1bn in India and Sajid Javid, the Home Secretary, has approved his extradition finally. He is alleged to have diverted funds from bank loans…