India’s civil aviation ministry said Tuesday it would cooperate with a federal inquiry into alleged irregularities in the purchase of 111 planes by state-run carrier Air India and its merger with Indian Airlines. The Central Bureau of Investigation has filed three cases against Air India and launched an investigation into what it termed “unknown officials” … Read more
Three senior members of India’s ruling Hindu nationalist party including a government minister should face trial over the demolition of a mosque a quarter of a century ago, the Supreme Court ruled on Wednesday. The three are accused of inciting Hindu zealots to pull down the 16th century Babri mosque in 1992, igniting one of … Read more
UK Prime Minister Theresa May has announced plans to call a snap general election on 8 June. She said Britain needed certainty, stability and strong leadership following the EU referendum. Explaining the decision, Mrs May said: “The country is coming together but Westminster is not.” Opposition leader Jeremy Corbyn said his Labour Party wanted the … Read more
For the second time in as many months, Toshiba has missed its earnings report deadline, citing “difficult circumstances.” The struggling Japanese conglomerate asked to extend the deadline to April 11, saying on Tuesday that it needs more time to investigate ongoing troubles at its U. S. nuclear business. Toshiba (TOSBF) had already received a four-week … Read more
Toshiba’s dreams of becoming a nuclear energy leader have turned into a nightmare. Rattled investors have wiped $6.6 billion off the company’s market value after it warned of huge losses tied to its 2015 acquisition of a U. S. nuclear construction business. Shares in the Japanese firm tumbled another 17% on Thursday. Losses over the … Read more
Toshiba Corp said it may have to book several billion dollars in charges related to a U. S. nuclear power acquisition, a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen. The Japanese group said cost overruns at U.S. power projects handled by a nuclear construction business newly … Read more
Inflation could hit 4% in the second half of 2017 – with price increases set to damage the economy through weakened consumer spending power. The prediction was made by the National Institute of Economic and Social Research (NIESR) in an update of its economic predictions for this year and next. It said that while the … Read more
Hon. Mike Allen Hammah was born on 28th August, 1955 at Winneba in the Central Region of Ghana. Hon. Mike Allen Hammah attended Ghana Secondary Technical School, Takoradi for his Ordinary and Advanced level education between 1969 and 1976. He proceeded to the Kwame Nkrumah University of Science and Technology from 1976 to 1980 to … Read more