US financier Jeffrey Epstein charged with sex trafficking of underage girls July 8, 2019 US financier Jeffrey Epstein has been charged with sex trafficking dozens of underage girls in the early 2000s. Prosecutors in New York accused Epstein of luring girls as young as 14 to visit his mansions in Manhattan and Florida for sex acts before paying them hundreds of dollars each. Epstein allegedly arranged for the girls [...]
JPI Media in talks to sell i newspaper and regional titles July 8, 2019 The hedge fund owners of the i newspaper and hundreds of regional titles are reportedly in talks to break up the publishing group and sell its assets. JPI Media, the company formed last year to buy out Johnston Press, has set a deadline of Monday for preliminary offers for papers including The Scotsman and The [...]
Inquiry launched into leaked memos branding Trump administration ‘inept’ July 7, 2019 The government has launched an inquiry into leaked memos that described US President Donald Trump’s administration as “inept” and “uniquely dysfunctional”. In a series of confidential memos written over the last three years, British ambassador to Washington Sir Kim Darroch reportedly criticised Trump and warned of internal rifts in the White House. Read more: Trump [...]
UK issues warning after Iran breaches nuclear agreement July 7, 2019 Iran has broken the terms of its 2015 nuclear deal and must reverse any moves to increase its uranium enrichment, the UK has warned. Iran announced this afternoon it would boost its uranium enrichment above a cap set by the nuclear deal in a move that ramped up tensions between Tehran and the west. Read [...]
Greensill denies reports of false statement over bonds sold by steel tycoon Gupta July 7, 2019 Financing group Greensill Capital has denied reports that it issued a false statement to the market relating to bonds it sold on behalf of steel tycoon Sanjeev Gupta. According to a Reuters report, Greensill last year issued a statement to bond market investors and brokers stating it had received Scottish government approval relating to a [...]
Huawei will not pass information to Beijing, says Chinese ambassador July 7, 2019 China’s ambassador to London has said he can promise that Huawei would not pass confidential information back to authorities in Beijing. Liu Xiaoming dismissed concerns that China could install so-called backdoors in the tech firm’s equipment, allowing the country to spy on the UK. Read more: Huawei blacklist remains in place, US government staff told [...]
Saudi airline scraps bumper 737 Max order in blow for Boeing July 7, 2019 Low-cost Saudi Arabian airline Flyadeal has cancelled a $6bn (£4.8bn) order for 30 Boeing 737 Max jets in a major blow for the troubled aerospace giant. Read more: Boeing 737 Max jet hits fresh setback before test flights Flyadeal began to reconsider its provisional order for the grounded 737 Max jets following crashes in Indonesia [...]
Fresh trouble for Neil Woodford as Benevolent AI valuation drops July 7, 2019 Beleaguered fund manager Neil Woodford could be facing fresh trouble as one of his biggest bets is reportedly braced to suffer a drop in its valuation. London-based tech firm Benevolent AI is said to be raising money at a level well below its $2bn (£1.6bn) valuation, the Sunday Times reported. Read more: Neil Woodford cuts [...]
Magners owner C&C Group eyes up London listing July 4, 2019 Magners cider manufacturer C&C Group has announced plans to move its listing to London as it looks to target new investors in the capital’s “key” financial market. The drinks giant is currently listed on both the Euronext in Dublin and the premium segment of the London Stock Exchange. Read more: Pub operator Ei Group’s profits [...]
Ofcom calls for new laws to protect public service broadcasters July 4, 2019 Ofcom has urged the government to introduce new laws to support public service broadcasters amid rising competition from streaming giants. The media regulator has called for new legislation to ensure channels operated by the BBC, ITV, Channel 4 and Channel 5 are displayed prominently on online platforms. Read more: Revamp media regulation to help broadcasters [...]
