Tom Hayes Libor trial timeline key dates: Former trader accused on attempting to manipulate Libor rate August 3, 2015 Well, that's it: former UBS and Citibank trader Tom Hayes has been sentenced to 14 years in jail, after being found guilty on eight counts of conspiring to rig the Libor rate. During a nine-week trial, the prosecution painted Hayes as someone who acted in a "thoroughly dishonest and manipulative manner" to mastermind a web [...]
Ex-trader Tom Hayes sentenced to 14 years as he is found guilty on Libor charges August 3, 2015 Former City trader Tom Hayes was sentenced to 14 years in jail as he became the first person to be convicted over the Libor rate rigging scandal, after being found guilty on all eight counts of conspiring to defraud by a jury at Southwark Crown Court today. The jury had been out for a week, [...]
Donald Trump to run for US President in 2016, claims “I beat China all the time” August 3, 2015 Donald Trump is running to be the next president of the United States. The billionaire mogul announced his intention to win the republican nomination for the 2016 presidential election in a speech at Trump Tower. Read more: Jeb Bush joins US presidential race Trump told a congregation of supporters at his New York skyscraper: Our country [...]
Republican Presidential nominee hopeful Donald Trump says he isn’t looking to attack rivals in first Republican debate August 3, 2015 The Republican presidential nominee frontrunner Donald Trump said he isn’t looking to attack his opponents in the first US Republican debate later this week. Speaking on ABC’s This Week, Trump said that he isn’t “going to be throwing punches. I'm not looking to attack them.” The real estate mogul has surged in the polls recently, [...]
Government sells further one per cent stake in Lloyds Banking Group August 3, 2015 The government has sold another one per cent of its stake in Lloyds Banking Group as it looks to reduce its holdings in the bailed-out lender. Now just under 14 per cent of the bank is owned by the taxpayer; at its peak in 2009, 40 per cent was publicly-owned. In total £14bn has [...]
Cameron under fire over Calais migrant crisis: Chaos costing £1.5m a day in Kent as hauliers call for compensation August 2, 2015 Prime Minister David Cameron is facing fresh criticism over the government’s efforts to stop the chaos in Calais, as business leaders, politicians and humanitarian groups alike say the crisis is reaching a breaking point. Services through the French port have been disrupted for weeks, holding up trucks, trains and other forms of transport on both [...]
Former Labour leader Neil Kinnock warns party against a vote for Jeremy Corbyn August 2, 2015 Labour needs to elect a leader capable of taking them to victory in the 2020 election and serving as Prime Minister, which is why Andy Burnham should be supported, former leader Neil Kinnock has said. In an article in the Observer, Kinnock warned against support for Jeremy Corbyn as someone who would not be able [...]
Channel Tunnel migrant crisis: David Cameron accused of “playing politics” by Swedish justice and migration minister Morgan Johansson August 2, 2015 Scenes of migrants trying to enter the Channel Tunnel in their thousands are the result of the UK and France not taking “responsibility” for accepting more asylum seekers, the Swedish justice and migration minister has said. Prime Minister David Cameron, Morgan Johansson said, is “playing politics” with the migrant crisis in Calais. Speaking to BBC [...]
Corbyn picks up another union endorsement July 31, 2015 FAR-LEFT Labour leadership candidate Jeremy Corbyn has picked up yet another endorsement from a trade union, cementing his spot as the front-runner in the race to replace Ed Miliband. The Communication Workers Union (CWU) said yesterday that the anti-austerity candidate Corbyn was the “antidote” to the “virus within the Labour Party”, adding that its members [...]
Nigel Farage returns to the spotlight with rallying cry for Eurosceptics July 31, 2015 UKIP leader Nigel Farage called on fellow Eurosceptics to “get cracking” yesterday as a major new poll from Survation showed 45 per cent of Britons saying that they planned to vote to stay in the European Union, compared to 37 per cent who said they would vote to leave. “There is no doubt at all [...]