Flybe Boss Says Government Loan Is Not A Bailout
The boss of Flybe has confirmed the airline is in talks with the government over a loan, but says the financial support would not constitute a bailout. Mark Anderson told Flybe staff the firm had had a few “difficult days” this week but it still had “a great future”. He said the company’s turnaround plan […]
Mukesh Ambani: Asia’s Richest Man In $13bn Ruling Boost
Asia’s richest man has scored two major wins in his ambition to dominate the Indian telecoms market. The main competitors to Mukesh Ambani’s Reliance Jio have been told they must pay the bulk of almost $13bn (£10bn) to the government in historical fees. The country’s top court rejected calls from older firms, including Vodafone Idea, […]
Microsoft Makes ‘Carbon Negative’ Pledge
Microsoft has pledged to remove “all of the carbon” from the environment that it has emitted since the company was founded in 1975. Chief executive Satya Nadella said he wanted to achieve the goal by 2050 . To do so, the company aims to become “carbon negative” by 2030, removing more carbon from the environment […]
Facebook Blocks The Spinner’s ‘Brainwashing’ Tech
Facebook has issued a cease and desist notice to an Israeli firm that claims to be able to subconsciously alter people’s behaviour. The Spinner charges a fee to “subconsciously influence” targets by exposing them to online posts “disguised as editorial content”. But Facebook has objected to the start-up using its services to achieve this. And […]
US-China Trade Deal: Five Things That Aren’t In It
The US and China have finally – after almost two years of hostilities – signed a “phase one” deal. But it only covers the easier aspects of their difficult relationship, and only removes some of the tariffs. The biggest hurdles are still to come, and could stand in the way of a second phase agreement […]
China’s Economic Growth Hits 30-Year Low
China’s economy grew last year at the slowest pace in almost three decades. Official figures show that the world’s second largest economy expanded by 6.1% in 2019 from the year before – the worst figure in 29 years. The country has faced weak domestic demand and the impact of the bitter trade war with the […]
Pressley: US Congresswoman Reveals Alopecia Diagnosis
US congresswoman Ayanna Pressley has revealed she is completely bald because of the hair-loss condition alopecia. The Massachusetts Democrat told The Root that she started noticing her hair was falling out last autumn. She eventually went totally bald in December, the night before Congress voted to impeach Donald Trump. Sharing the video on social media, […]
Ukraine PM Honcharuk Offers To Quit In Audiotape Furore
Ukraine’s Prime Minister Oleksiy Honcharuk has tendered his resignation after a leaked audio recording apparently revealed him criticizing the president. A voice sounding like Mr Honcharuk’s, but not officially confirmed as his, says President Volodymyr Zelensky only has a “primitive” grasp of economics. Mr Honcharuk also appears to admit that he himself is not good […]
Grammys Chief Removed 10 Days Before Ceremony
The chief executive of the Recording Academy, which organises the Grammy Awards, has been removed from her position just 10 days before this year’s ceremony in Los Angeles. Deborah Dugan was placed on administrative leave following an allegation of misconduct, the Academy said in a statement. Dugan had replaced former chief executive Neil Portnow, who […]
Carlos Ghosn’s Lawyers Hit Back At Nissan Fraud Claims
Lawyers acting for ousted Nissan boss Carlos Ghosn have hit back after the car giant accused him of misusing the firm’s money for events abroad. Nissan said its joint venture with Renault spent €3.9m (£3.3m) on Mr Ghosn’s personal expenses. The events included a party at the Palace of Versailles and trips to Rio de […]
Biafra War: ‘I Looked For Death But I Couldn’t Find It’
Oguta, Nigeria – Evelyn Okororie had just returned home from the market in Nigeria’s Midwest region when neighbors informed her that an airstrike had killed her mother, her niece and three of her children. . The year was 1969, and it was two months before the end of the brutal two-year Nigeria-Biafra war, which killed […]
Meghan And Harry Waxworks Removed From Royal Display
London’s Madame Tussauds museum has announced that it has removed the waxworks of the Duke and Duchess of Sussex from its Royal Family set. The decision follows Meghan and Harry’s Tuesday shock announcement that they are taking a step back as senior members of the Royal family, and seeking financial independence. “Alongside the rest of the world […]