Volvo to take on Tesla

Volvo, the Swedish carmaker’s Chinese owners Geely Automative, has split out its Polestar division into a separate brand. Polestar would use its close links with Volvo to “design, develop and build world-beating electrical high-performance cars” and take on Tesla. The brand will also continue to create high-performance models for Volvo and the new business will…

Air India may be privatised

Indian Finance Minister Arun Jaitley said he favoured disinvestment of the loss-making state-owned airline Air India, to Private sector conglomerate Tata Group, who previously owned the airline 64 years back when it was nationalised. Tata Group’s new chairman N Chandrasekaran has held informal talk with the government for buying a 51 per cent equity majority…

BVI offshore asset value more than double in 7 years

Offshore assets held in the British Virgin Islands have risen to  £ 1.19tn ($1.5tn), more than twice the sum estimated in 2010 in seven years. Offshore companies registered in the BVI are used for “corporate structuring” ad over 140 listed businesses in London, New York and Hong Kong have a unit in the BVI. These…

40 flights cancelled due to excessive heatwave

Forty flights have been cancelled in Phoenix, Arizona,  as it is too hot for the planes to fly. The weather forecast for the US city is predicted at 49ᵒC on Tuesday, which is higher than the operating temperature of some planes. American Airlines announced it was cancelling dozens of flights scheduled to take off from…

Grenfell Tower disaster: How the fire began rapidly spread in a flash

The Grenfell Tower disaster in West London is the worst fire the UK has witnessed, as the investigators and working to find out how the blaze began and spread rapidly and also are looking into the construction, refurbishment and the management of the Tower block, as well as the existing building regulations, are adequate. The…

Pakistan win the Champions Trophy

ICC Champions Trophy, Final: India v Pakistan at Kennington Oval, Jun 18, 2017 Pakistan v India Pakistan 338/4 (50.0 ov) Azhar Ali 59 off 71, 6 fours, 1 six, Fakhar Zaman 114 off 106, 12 fours, 3 sixes, Babar Azam 46 off 52, 4 fours, Mohammad Hafeex 57 not out, 4 fours, 3 sixes, B…

India in the finals

ICC Champions Trophy, 2nd Semi-final: Bangladesh v India at Edgbaston, Birmingham, Jun 15, 2017  India v Bangladesh  Bangladesh 264 for 7 Tamin 70 off 82, 7 fours, 1 six, Mishfiqur Rahim 61 off 85m 4 fours, Mashrafe Mortaza 30 off 25, 5 fours, KM Jadhav 22-2, JJ Bumrah 39-2, B Kumar 53-2, RA Jadeja 48-1…