Black banned from directorships

Former press baron Conrad Black has been banned from acting as a director of a US company and must pay $4.1m (£2.62m) in restitution in a settlement with the US securities regulator that ends a long-standing lawsuit over Black’s dealings as the head of the Hollinger media empire. In its heyday, Hollinger International operated a raft of newspapers that included the UK’s Daily Telegraph and the National Post in Black’s native Canada.