Supermarket giant Tescos is struggling

Tesco, who’s stores have without doubt put a lot of smaller stores out of business, has seen sales in the 13 weeks to 26 May were 1.5 per cent lower than the same period last year, although the fall was less severe than the 1.6 per cent drop for the preceding quarter.

Tescos have been trying to break into financial markets too such as travel insurance over 75 85 markets that cater for senior holidaymakers.

Tesco’s management, headed by new chief executive Phil Clarke, is struggling to re-energise the retailer, the UK’s largest, which boasts 2,800 stores across the UK, following the firm’s first profit warning in 20 years in January.

Facebook shares tumble again

SHARES of Facebook have taken another tumble, continuing a downward spiral that began at the start of the week.

The blame game has already begun with some pointing fingers at Nasdaq, where technical issues created confusion during the first day of trading, and others blaming the lead underwriter of the offering, Morgan Stanley, for failing to divulge last-minute changes to revenue projections.

After being priced at $38, the shares opened at $42.05 on Friday and fluctuated between $45 and $38 throughout the day, before closing up just 23 cents.

The California company’s shares began to tumble on Monday and closed down 11%.

Dalai Lama rocks up in Hawaii

Tibetan spiritual leader, the Dalai Lama participated in a panel discussion with Native Hawaiian leaders on his second day in Hawaii at the University of Hawaii’s East-West Center and spoke about peace at a sold-out public talk on Sunday.

He has also presented in front of up to 9000 Hawaii student.

The topic of the panel discussion was “the Importance of Native Intelligence in Modern Times,” and the co-panelists were Dr. Pualani Kanahele, writer and expert on Hawaiian cultural practices and Mr. Nainoa Thompson, President of the Polynesian Voyaging Society.

It’s the Dalai Lama’s fourth visit to the islands and his first since 2008, when he went to Maui.

The Dalai Lama is next scheduled to head to San Diego as part of a North American tour.

If you head to North America for a vacation then be aware that health and medical cover can be very expensive.

Coffee giant to give a bit back

The global coffee giant Starbucks are giving a bit back to the community in terms of job creation efforts by partnering with the non-profit Opportunity Finance Network, a national network of 180 community development financial institutions (CDFIs) that orchestrate loans to businesses in low-income communities.

The Coffee shop network gave OCN $5 million at the start of the collaboration, which, when paired with the additional $1 million raised, it claims will create up to $42 million in loans to small businesses.

Starbucks has often been criticized in the past but this new scheme is hoped to raise their profile in an ethical way that will benefit many American communities hard hit by recession.

New breakthrough for Malaria treatment

There is new hope that a vaccine could be prepared in the battle against Malaria which still affects millions of people around the developing world.

Scientists now believe that they understand how the malaria parasite entersred blood cells.

The scientists, who work for the Wellcome Trust Sanger Institute in the UK, identified a red blood cell receptor that acts like a gateway into the cell. When they blocked the malaria protein from interacting with this receptor, the disease could not get in.

If you are visiting a country where malaria is endemic then it is very important you take out travel insurance for over 80s to ensure you are covered for any medical issues that may arise.

“By identifying a single receptor that appears to be essential for parasites to invade human red blood cells, we have also identified an obvious and very exciting focus for vaccine development,” study co-author Dr. Julian Rayner said in statement.