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Tory Roadblock for Telegraph overseas bid

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The Prime Minister Rishi Sunak is proposing to block the takeover of the Telegraph by Abu Dhabi-backed RedBird IMI by changing the law to prevent a foreign state from buying a UK news organization. The proposal would “amend the media merger regime explicitly to rule out newspaper and periodical news magazine mergers involving ownership influence or control by foreign states”. Lord Stephen Parkinson,  the culture minister, said yesterday as he laid out plans in the House of Lords. A deal involving a foreign country would be vetted by the Competition and Markets Authority then blocked or unwound if it found … Continue reading Tory Roadblock for Telegraph overseas bid

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US Buyout Morrisons in £1bn loss

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The supermarket chain Morrisons, which was bought by private equity firmClayton, Dubilier & Rice for £10bn in 2021, reported finance costs of £735million, including interest on external debt and other non-cash charges in the year to October 29, up from £593mn in the previous period, made a loss of £1bn last year, partly because of high debt-financing costs. Morrison lost its place as the UK’s fourth largest grocer to the German discounter Aldi in 2022. Fuel sales in the year to the end of October fell £561mn to £3,4bn because of lower prices. In January Morrisons agreed a £2.5bn deal … Continue reading US Buyout Morrisons in £1bn loss

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Telegram reach 900 million users

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Pavel Durov, owner of Dubai-based Telegram, the secretive messaging app has over 900 million users, up from 500 million users in 2021 says  Telegram had grown to become one of the world’s most popular social media apps while making hundreds of millions of dollars in revenue after introducing advertising and premium services two years ago. The company is moving closer to a potential stock market listing. Russian-born founder Mr. Durov said “We are hoping to become profitable next year, if not this year”. The group had been offered $30bn-plus valuations from potential investors including global late stage tech funds but … Continue reading Telegram reach 900 million users

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50 passengers injured in Latham Boeing 787 mid-air freefall

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A Chilean-Brazilian carrier, Latham Airline Boeing 787 Dreamliner scheduled to fly from Sydney to Auckland to Santiago, the capital of Chile, lost altitude about two hours into the three-hour flight  between two cities as people hit the roof of the plane throwing some out of their seats. Fifty were hurt and 12 were taken to hospital on landing safely in Auckland. Emergency services said one person was in serious condition. Latham Airlines said it “deeply regretted any inconvenience and discomfort this situation may have caused its passengers”. According to a passenger people had hit the ceiling with such force “some … Continue reading 50 passengers injured in Latham Boeing 787 mid-air freefall

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Boeing whistleblower dead

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John  Barnett who had worked for Boeing for 32 years until 2017, who raised the concerns about the firm’s production standards has been found dead in his truck in the hotel car park in the US according to the Charleston County Coroner. The police are investigating the 62 year-old’s death who had died from a self-inflicted wound on 9th march . In the days before his death, he had been giving evidence in a whistleblower lawsuit against the company. Boeing said it was saddened to hear of Mr. Barnett’s death. From 2010, he worked as quality manager at the North … Continue reading Boeing whistleblower dead

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Oppenheimer wins seven Oscars, Emma Stone won best actress

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Oppenheimer  was named the best picture, Christopher Nolan, Emma Stone, Cillian Murphy, Robert Downey Jr, Da Vine Joy Randolph and Bille Eilish and Finneas O’Connell all won the Oscars at 96th Academy Awards spanning from 1927, presented by the Academy of Motion Picture Arts and Science at the Dolby Theatre in Hollywood, Los Angeles. Best Picture American Fiction (Ben LeClair, Nikos Karamigios, Cord Jefferson and Jermaine Johnson, Producers)Anatomy of a Fall (Marie-Ange Luciani and David Thion, Producers)Barbie (David Heyman, Margot Robbie, Tom Ackerley and Robbie Brenner, Producers)The Holdovers (Mark Johnson, Producer)Killers of the Flower Moon (Dan Friedkin, Bradley Thomas, Martin Scorsese and Daniel Lupi, Producers)Maestro (Bradley … Continue reading Oppenheimer wins seven Oscars, Emma Stone won best actress

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Attention, intention, imagination and emotion play in the storing of memories

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We talk about memory as a record of the past: but we aren’t supposed to remember everything. In fact, we’re designed to forget. We talk about memory as a record of the past, over the course of twenty-five years, eminent neuroscientist, Charan Ranganath, director of the Memory amen Plasticity Program at the University of California, Davis, studied the seemingly selective and unreliable nature of human memory to find that our brains haven’t evolved to keep a comprehensive record of events, but to extract the information needed to guide our futures. Why We Remember, unveils the principles behind what and why … Continue reading Attention, intention, imagination and emotion play in the storing of memories

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Dune 2 Take a trip to this epic extra long cinema saga

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Filmed mainly in Hungary, Italy Abu Dhabi and Africa, this sequel is based onthe book by Frank Herbert which was written in the 60’s. On scenery alone it isenchanting, taking place almost entirely in the desert and the characterisationsof a team of stars fitting into the partly science fiction plot but also relyingheavily on reality as we know it is vast. Be ready to see all manner of costumesand characters. There is a love theme which is always welcome when one seesan epic though no spoilers on that. The “water of life” features which is amesmerising liquid that can prove … Continue reading Dune 2 Take a trip to this epic extra long cinema saga

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England stuns Ireland

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Sat 9 Mar 2024 Guinness Six Nations Rugby England                    beat                Ireland 23-22,  H/t 8-12. Lawrence, Burbank, Earl  tries.      Lower (2) Smith                    Conversions Ford.                     Penalities.   Crowley (4) Smith Drop goals Marcus Smith kicks home a winner as a last gasp drop goal as England stun Ireland in a Six Nations thriller at Twickenham. England trailed by two points after James Lowe’s late try … Continue reading England stuns Ireland