Policy blunder led to recession in Thatcher era

In 1979, Margaret Thatcher was elected to Downing Street with rampant double-digit inflation, rising unemployment and flatlining economic growth. Her grocery experience and monetarist orthodoxy held the control of money supply by rejecting the old orthodoxies and was promoted by only a minority of economists’ policy based on the doctrine of monetarism. Tim Lancaster, was the private secretary for economic affairs to Thatcher during the early  years of her government, and gives an insider’s account  explains her attitudes and decisions and those of the other main players in this deeply damaging experiment in economic policy making, which promised much but … Continue reading Policy blunder led to recession in Thatcher era

Second largest 2, 492-carat diamond discovered in Botswana’s mine

A rough 2, 492-carat diamond, believed to be the second-largest has been unearthed in Botswana at Karowne mine ( 300 miles north Botswana’s capital, Gaborone) worth about £31million, owned by Canadian firm Lucara Diamond. The previous biggest discovery in Botswana was a 1, 758-caraat diamond found at the same mine in 2019. Botswana is one of the world’s biggest producer of diamonds about 20 per cent of global production. Lucara’s head William Lamb, in a statement said “one of the largest rough diamonds ever unearthed”. The biggest diamond in the world is 3,106-carat Cullinan diamond, found in south Africa in … Continue reading Second largest 2, 492-carat diamond discovered in Botswana’s mine

Air India cabincrew sexually assaulted by intruder in London Hotel room

Raddison Red Heathrow hotel boast about plunging into culture, their hotels are different as they put a twist on the normal to make it unforgettable. The Night team left reception desk empty, call for help were ignored. Inadequate safety at the hotel enabled a miscreant knocking on their guest room doors and windows of the cabin crew of Air India leading to a sexual assualt last week. On Thursday at Raddison Red Heathrow hotel an assailant entered a woman cabin crew’s room with the help of a card key when she was sleeping and sexually assualted her at 1:30am. Her … Continue reading Air India cabincrew sexually assaulted by intruder in London Hotel room

Sicily Tornado hit Superyacht sinking with millionaires

UK tech entrepreneur Mike Lynch, co-founder of Autonomy, and his 18-year-old daughter Hannah, Morgan Stanley’s international chair Jonathan Bloomer, Chris Morvillo, a lawyer at Clifford Chance, are among the six unaccounted for after superyacht was hit by a tornado and sank within sixty seconds. Chamberlin, the former vice-president of finance at Autonomy, Lynch’s co-defendant in a US trial related to the sale of his software company to Hewlett-Packard had died after being hit by a car while out running in Cambridgeshire. The 59-year-old Lynch was acquitted by a jury in San Francisco in June, after he spent more then a … Continue reading Sicily Tornado hit Superyacht sinking with millionaires

Dealing with destiny of millions

Acclaimed BBC newsreader and journalist Mishal Husain, reveals the transformation of her grandparents’ lives amidst empire, political upheaval and partition, as we;; as a chronicle of one of the most cataclysmic events in South Asia. “I witnessed the dwindling glow of the British Empire. I saw small men entrusted with great jobs, playing with destiny of millions’. Mary Quinn, a student nurse and devout Catholic married for love & Mumtaz Husain was he only son of extremely conservative Muslims. In early 1942 they quietly arranged consecutive weddings : one performed by an Imam in Lahore, who reasoned that even the … Continue reading Dealing with destiny of millions

Darkness of silence

Adele rosenfeld’s novel Jelly Fish Have No Ears – was the finalist for Prix Goncourt du Premier in 2022 – explores what it is likely to live with an invisible disability. Louise F is partially deaf and have always felt adrift between communities not deaf enough to be part of deaf culture, not hearing enough to be fully within the hearing world. Hearing for Louise is inseparable from reading other people’s lips. Through sight, she perceives words and strings them together like pearls to reconstruct a conversation. After an audiology exam reveals that she lost a further 15 decibels, her … Continue reading Darkness of silence

Horse powered mighty empires

No animal is so entangled in human history s at the horse. Horse had a central role in culture, commerce and conquest when delve into the history of civilisation. Domestication of horses, followed by the advent of riding, powered mighty empires Persian, Mongol, Mughal spanning Iran, Turkey, Afghanistan, China, India, Russia. The deep and ancient bond between humans and their horses connected a vast continent, forged trade routes, linked cultures and fuelled war machines. David Chaffetz, a scholar of history, tells the story of the steppe raiders, rulers and traders who amassed power and wealth on horseback from the Bronze … Continue reading Horse powered mighty empires

Revolut secured $45bN valuation

Revolut has now become Europe’s most valuable start-up after they secured a $45bn Valuation in a share sale by employees, defying wider fintech downturn. The UK government  seeks to persuade it to list in London rather than New York. The UK bank said the Coatue, DJ Capital Partners and Tiger Global were among the institutional investors that had bought shares from staff, after they acquired $500min worth at a price of $865.42 a share.  The valuation is higher than $33bn Revolut achieved in a 2021 fund-raising led by SoftBank and Tiger Global and makes UK’s second-most valuable bank –behind only … Continue reading Revolut secured $45bN valuation

First Brits in India

The English sucked up to the Mughal emperors, sending ambassador after ambassador. The first Englishman in India was not a coloniser or civiliser, but a Catholic refugee. A Wiltshire native and Wykehamist, Thomas Stephens decided to join the Jesuits in Goa having fallen in with a disreputable crowd at Oxford. He threw himself into the urgent task of harvesting souls for Christ. Stephens’s friend Father Pietro Berno personally set fire to a temple in Cuncolim and publicly slaughtered  a cow, an animal sacred to Hindus. The locals proceeded to kill him and mutilate his body. Stephens authored a catechism in … Continue reading First Brits in India

Platform for Industry of digital influencers

Award-winning reporter and Bloomberg editor in charge of Big Tech coverage,Sarah Frier’s No Filter is about  two smart tech guys creates a novel app by marrying art and technology to overcome skeptics and to hook the public on visual storytelling, in 2010 and then sold it to Facebook.  She take us inside Facebook including profiling its co-founder Mark Zuckerberg, who Instagram founder Kevin Systrom called the most strategic thinker he has ever met. “If Facebook is about friendships, and Twitter was about opinion then Instagram was about experiences – anyone could be interested in anyone’s visual experiences anywhere in the … Continue reading Platform for Industry of digital influencers