1st November 2017
1 November 2017 PA The billionaire Barclay brothers have lost a decades-long battle with HMRC after the Supreme Court ruled that the taxman does not owe them £1.25 billion. David and Frederick Barclay had been pursuing the claim after Littlewoods, the retailer they own through Shop Direct, overpaid VAT to… Read More
1st November 2017
Retired Army officer Ian Foxley thought he had found his dream job overseeing a £1.96 billion ($2.6 billion) contract for upgrading defence telecommunications in Riyadh, Saudi Arabia. Instead, he uncovered what he believed was evidence of a multi-million-pound bribery scheme, and tried to blow the whistle, deciding to flee the… Read More
1st November 2017
Hours after a truck driver mowed down eight cyclists, in what is being called the first deadly attack in New York since the 11 September, 2001 strikes, United States president Donald Trump said that he had ordered more robust “extreme vetting” of travellers coming into the country. “I have just… Read More
1st November 2017
One of the shell companies that Paul Manafort allegedly used to launder money was the subject of an arbitration claim the former Trump campaign manager brought, according to a document obtained by MarketWatch. In 2012, Manafort filed an arbitration claim against Ameriprise Financial Services — which he lost — over… Read More
1st November 2017
Gupta-owned and linked companies were turned away from Postbank, after they requested opening a bank account with the South African Post Office’s (SAPO’s) bank. This was revealed in written Parliamentary papers on Tuesday. “No member of the Gupta family approached the Postbank to open up an account,” said Telecommunications… Read More
31st October 2017
North Korea has hit back at the UK government for accusing it of being behind a massive ransomware attack that badly affected the National Health Service (NHS). A UK government minister last week told the BBC he was “as sure as possible” North Korea was behind the attack. But a… Read More
31st October 2017
Barcelona, Spain (CNN)Catalonia’s deposed leader Carles Puigdemont said he was not in Brussels to apply for political asylum but had traveled to the Belgian capital for “safety” after Spain filed charges of rebellion against him. In his first public remarks since criminal charges were announced over his drive for Catalan… Read More
31st October 2017
Hong Kong banks need more support from the government to reduce their exposure to sanctioned North Korean entities via the Chinese firms they do business with. That was the view of a United Nations sanctions expert in 2016, and, concern is once again highlighted in a recent UN report… Read More
31st October 2017
Swiss prosecutors are seeking a court ruling that would make it easier to convict whistleblowers for breaking the country’s bank secrecy law wherever they are in the world, legal documents show. The Swiss Banking Act requires employees of Swiss-regulated banks to keep client information confidential, but a number of staff… Read More
31st October 2017
Tehran Times Major General Mohammad Baqeri, the chief of staff of the Iranian armed forces, said on Monday that Iran will definitely quit the 2015 nuclear deal, officially called the Joint Comprehensive Plan of Action (JCPOA) if sanctions return. “It is the Islamic Republic of Iran’s decision… Read More