3rd January 2019
The transport secretary has defended awarding a 14 million-pound contract for shipping goods after Brexit to a new ferry company that owns no ships. The government last week awarded three contracts to charter extra ferries to ease congestion if the United Kingdom fails to secure a trade deal before leaving… Read More
3rd January 2019
Brazilian construction conglomerate Odebrecht SA [ODBES.UL] has agreed to pay 161.9 million reais (£32.8 million) to Centrais Eletricas Brasileiras SA (ELET6.SA) in a deal with authorities to help settle corruption allegations against it, according to a securities filing on Wednesday. Eletrobras, as the state-run power holding company is known,… Read More
2nd January 2019
North Korean leader Kim Jong Un said on Tuesday he is ready to meet U.S. President Donald Trump again anytime to achieve their common goal of denuclearizing the Korean Peninsula, but warned he may have to take an alternative path if U.S. sanctions and pressure against the country continued. In… Read More
2nd January 2019
AP — It’s not uncommon for individuals who speak out against the government to disappear in China, but the scope of the “disappeared” has expanded since President Xi Jinping came to power in 2013. Not only dissidents and activists, but also high-level officials, Marxists, foreigners and… Read More
2nd January 2019
Wells Fargo has agreed to pay $575 million to 50 states and the District of Columbia over its fake bank accounts scandal and harmful mortgage charges. The bank will also implement a consumer redress review program, where customers who have not been made whole through other restitution programs can… Read More
2nd January 2019
The Financial Conduct Authority (FCA) is to unveil an overhaul of the treatment of whistleblowers in the UK’s financial services sector, according to media reports. The plans, which are expected to be unveiled in the new year, will likely focus on issues such as how it maintains whistleblower confidentiality… Read More
2nd January 2019
AP — Germans hoping to do some New Year’s shopping may find themselves without the cash to do so amid a strike by security van drivers. The ver.di union said Tuesday it’s urging 12,000 employees of firms that distribute cash to banks and stores to walk… Read More
1st January 2019
The French government is cracking down on business chiefs of companies listed in France to make sure they are paying their taxes in France, Budget Minister Gerald Darmanin said in a newspaper interview on Sunday. President Emmanuel Macron had already signalled a hardening stance on corporate tax affairs in a… Read More
1st January 2019
India’s finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters. The exemption, put in place December 28 but backdated to November 5, will allow Indian refiners to settle… Read More
1st January 2019
Ole Miss to return most of $400,000 given by Ponzi convict AP — The University of Mississippi has agreed to return most of the $400,000 its athletic foundation was given by a businessman who pleaded guilty to a $100 million Ponzi scheme. The Clarion-Ledger reports that the federal… Read More