Billionaire family feud revealed by bugging at Ritz hotel

A spat between the heirs of two of Britain’s most reclusive billionaires became very public this week following a court hearing that revealed that Frederick Barclay was being secretly recorded by his nephew at the Ritz Hotel. The fight is taking place against the backdrop of changes within the business empire of Frederick and his […]

Standard Chartered’s 2019 Middle East, Africa profit at $684m

Dubai: Standard Chartered saw pre-tax profits rise to $4.2 billion for 2019, with the Middle East and Africa territory posting a 29 per cent increase in operating profit before taxation of $684 million. The emerging markets-focused UK bank said pre-tax profit surged 8 per cent, but warned of growth challenges this year due to the […]

Geneva Motor Show says staff and visitors need to stay away if they have coronavirus symptoms

Following the first confirmation in Switzerland of coronavirus after a 70-year old man was tested positive in the southern canton of Ticino, near the border with Italy, organizers of the upcoming 2020 Geneva Motor Show are advising staff and visitors with symptoms to stay away from the Palexpo where one of the most important events […]

Apple’s Tim Cook calls coronavirus a ‘challenge’ at shareholder talk

Apple Inc. Chief Executive Officer Tim Cook called the coronavirus a “challenge” for the iPhone maker during a pep talk for shareholders at the company’s annual meeting. The effects of the virus, which have closed factories and stores throughout China, pose significant issues for the technology giant. Apple produces hundreds of millions of devices each […]

Vodafone India says it can’t pay up $4b

New Delhi(Bloomberg): Vodafone Idea Ltd., the Indian mobile carrier ordered by the nation’s top court to pay $4 billion, told the government that it’s unable to pay the full amount and instead sought urgent state support to survive the crisis. In a letter, the beleaguered company said in the light of mounting losses, it doesn’t […]