27th August 2018
The United Kingdom has published new plans under which bosses who dissolve their firms to avoid paying off staff or meeting pension commitments will be investigated, in an effort to strengthen the insolvency framework. The announcement follows a series of problems around the high-profile collapses of British giants BHS and… Read More
27th August 2018
Former South African deputy finance minister Mcebisi Jonas told an inquiry that business friends of ex-president Jacob Zuma threatened to kill him if he spoke about a meeting at which they offered him money and the post of finance minister. The public inquiry, which started on Monday and is being… Read More
24th August 2018
AP — British Airways says it will end its direct flights to Iran’s capital in September as “the operation is currently not commercially viable.” The decision announced Thursday comes after President Donald Trump withdrew from the nuclear deal between Iran and world powers and began restoring… Read More
24th August 2018
The New York man who spent nearly 3-1/2 years as a fugitive after being charged with trying to defraud Facebook Inc founder Mark Zuckerberg out of half of the social media company has been arrested in Ecuador and may be extradited, U.S. prosecutors said on Thursday. Paul Ceglia, 45, a… Read More
20th August 2018
Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc (GOOGL.O) unit called for more transparency and oversight of the project. Chief Executive Sundar Pichai… Read More
17th August 2018
The United Kingdom’s Financial Conduct Authority (FCA) has opened a number of investigations into market firms over misconduct issues that could lead to prosecutions under Money Laundering Regulations, the regulator’s enforcement chief said. The UK considers capital markets to be exposed to high risks of money laundering due to the… Read More
17th August 2018
An employee fired from Tesla Inc’s (TSLA.O) Nevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said on Thursday. Read More
16th August 2018
Tesla CEO Elon Musk and the company itself may have little to fear from U.S. regulators according to legal analysts, despite Musk’s failure so far to back up his early August tweet saying he had “funding secured” for his plan to take the electric car maker private. The U.S. Read More
16th August 2018
Paul Manafort had “a huge dumpster of hidden money” abroad, a prosecutor said on Wednesday, urging a jury to convict U.S. President Donald Trump’s former campaign chief on financial fraud charges based more on a paper trail of evidence than on the testimony of a former protege. Special Assistant U.S. Read More
15th August 2018
The U.S. dollar’s role as a global currency is in decline and Russia has been exploring for some time using national currencies to settle bilateral trade deals with Turkey and other countries, Russian Foreign Minister Sergei Lavrov said. But Lavrov, speaking on a visit to the Turkish capital on Tuesday,… Read More