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....He added that about 1,000 UK-bound passengers used Turkish Airlines every day to fly from long-haul destinations and would also be affected as their planes were routed via Istanbul. While the US government cited unspecified "threats" in its announcement, the prime minister's official spokesman declined to discuss whether the new rules were prompted by specific intelligence. ... [Read full article on BBC ]
Tuesday 21st of March 2017 04:34:26 PM
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UK flight ban on electronic devices announced image
Source : BBC [Read Article] Tuesday 21st of March 2017 04:34:26 PM
....He added that about 1,000 UK-bound passengers used Turkish Airlines every day to fly from long-haul destinations and would also be affected as their planes were routed via Istanbul. While the US government cited unspecified "threats" in its announcement, the prime minister's official spokesman declined to discuss whether the new rules were prompted by specific intelligence. ...
US charges Russian spies over Yahoo breach image
Source : BBC [Read Article] Wednesday 15th of March 2017 02:54:02 PM
....The suspects are also alleged to have targeted Google accounts. Hacking was directed at Russian and US government officials, including security, diplomatic and military personnel, according to the DOJ. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....HSBC has also been attempting to repair its image after a series of scandals. Earlier this year it reached a $470m (£325m) settlement with the US government and states related to dubious mortgage lending and foreclosure practices during the financial crisis. ...
Volkswagen pleads guilty to all criminal charges in emissions cheating scandal image
....The German automaker has already agreed to pay $4. 3bn in civil and criminal penalties – the largest ever levied by the US government against an automaker –although VW’s total cost of the scandal has been pegged at about $21bn, including a pledge to repair or buy back vehicles. ...
Apple, Samsung and Microsoft react to Wikileaks' CIA dump image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:32:08 AM
....Google declined to comment about allegations that the CIA was able to "penetrate, infest and control" Android phones due to its discovery and acquisition of "zero day" bugs - previously unknown flaws in the operating system's code. The World Wide Web Foundation - which campaigns for internet privacy - said the US government needed to issue a detailed response. ...
The fine print behind the GM deal image
Source : BBC [Read Article] Monday 6th of March 2017 09:17:53 AM
....GM, meanwhile, continues to shrink its ambitions and focus on the future. Since it was bailed out by the US government in the aftermath of the financial crisis, it has closed in America the Oldsmobile, Saturn, Hummer and Pontiac brands, and ditched its plants in Australia, where it had made cars since 1931. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
....Now, it is Trump’s turn to attempt a shakeup, and he is approaching it differently than his predecessors. But Trump cannot change the rules of the game singlehandedly, he must work within the constraints of the US government’s many mediating institutions and strong system of checks and balances. ...
Will Trump build a wall protecting US banks from global rules? | Howard Davies image
....Such a reversal would generate tensions within the Fed, and where it would leave the FSB, or indeed the Basel Committee, is unclear. In the early days of the Bank for International Settlements (where the Basel Committee’s secretariat is located) in the 1930s, the US government declined to take a board seat, and the US was represented by JP Morgan. ...
Volvo to seek volunteers for self-driving car trial in UK image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:22:32 AM
.... A firewall will be installed between the vehicle’s different systems in an effort to ensure that steering, braking and acceleration cannot be hacked. US government research predicts that driverless vehicles will lead to an 80% decline in the number of car crashes by 2035. ...
Deutsche Bank fined $630m over Russia money laundering claims image
Source : Guardian [Read Article] Tuesday 31st of January 2017 05:00:06 AM
....January 2017 £500m for Russian money-laundering offences. January 2017 £75m to resolve a US government lawsuit over hiding tax liabilities to the Internal Revenue Service in 2000. ...
Trump is a conservative – but that won't stop him sending deficits soaring image
....On the other side of the spectrum, Democratic president Bill Clinton, during what most academic economists consider to have been an extremely successful presidency, actually put the government into surplus. Indeed, at the end of the 1990s, some researchers actually wondered how international markets would function if the US government gradually retired all of its debt. ...
Six Volkswagen executives charged with fraud over emissions cheating image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:42:57 PM
.... Volkswagen will also spend three years on probation and an independent monitor will be sent in to “oversee its ethics and compliance program”. The penalty against the company is the largest ever levied by the US government against an automaker, eclipsing the $1. ...
Rex Tillerson cuts ties with Exxon Mobil via $180m retirement package image
Source : Guardian [Read Article] Wednesday 4th of January 2017 02:16:38 PM
....Some $54m of Tillerson’s stock options have already vested; he will be able to sell them at a much-reduced rate of tax, owing to laws that provide financial incentive to cabinet appointees to sell holdings that might conflict with their duties as public servants. Some have simply refused to do so, notably George W Bush’s vice-president, Dick Cheney, who retained stock options in government contractor Halliburton, which substantially increased its business with the US government while Cheney was in office. ...
FTSE 100 soars to new closing high image
Source : Guardian [Read Article] Wednesday 28th of December 2016 07:35:58 PM
....Traders said the rally was the result of optimism in the American economy, with data earlier this week showing consumer confidence in the US had hit a 15-year high. Investors are also anticipating a surge in US government spending, with president-elect Donald Trump having pledged a new $1tn fiscal stimulus programme once he takes office. ...
The iPhone at 10 image
Source : BBC [Read Article] Monday 26th of December 2016 02:18:43 AM
....In each case, there was scientific brilliance and plenty of private sector entrepreneurship. But there were also wads of cash thrown at the problem by government agencies - usually US government agencies, and for that matter, usually some arm of the US military. ...
Carl Icahn to advise Trump on regulatory reform image
Source : BBC [Read Article] Wednesday 21st of December 2016 11:09:26 PM
....". On Wednesday Mr Trump also had a meeting with Dennis Muilenburg, the chief executive of Boeing, and Marillyn Hewson of Lockheed Martin to talk about the defence firms' charges for US government projects. ...
Rolls-Royce exploited US sanctions loopholes to trade with Iran image
Source : Guardian [Read Article] Wednesday 21st of December 2016 10:30:15 AM
....”. Rolls-Royce disputed that any aspect of its supply of equipment to Iran had been secret but declined to comment on the record as to what information it provided to US government officials or shareholders. ...
Trump must overcome global barriers to deliver his economic promise | Mohamed El-Erian image
....The expectation that Trump will have better luck on this front has produced a textbook asset-price response. Stock prices have climbed, led by financials and industrials; interest rates on US government bonds have risen, both on a standalone basis and relative to those in other advanced economies; and the dollar has surged to levels not seen since 2003. ...
Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
.... In this brief window Exxon discovered a major Arctic field with some 750m barrels of new oil. Tillerson has criticised the US government’s policy on Russia. ...
King Rex? image
Source : BBC [Read Article] Sunday 11th of December 2016 05:09:38 PM
....Mr Tillerson has publicly spoken out against international sanctions placed on Russia over its annexation of Crimea. In 2014, Exxon filed a report saying the US government and European Union's sanctions cost the company a maximum of $1bn (£790m) in damage to joint ventures. ...
Iran signs $16bn deal to buy 80 Boeing aircraft image
Source : BBC [Read Article] Sunday 11th of December 2016 11:35:41 AM
....Boeing confirmed that the deal was worth $16. 6bn at current list prices, and had been approved by the US government. ...
Google data centres to be 100% renewable-powered by 2017 image
Source : BBC [Read Article] Tuesday 6th of December 2016 10:32:39 PM
....". Of course the big incentive for a company like Google to hit this kind of target is the bounty of tax incentives offered by the US government (and others) for investing in clean energy. ...
Trump says Air Force One Boeing order should be cancelled image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:06:02 PM
....But if he does, it could cost the US taxpayer even more as the new president tries to save money. The US government has already signed a contract with Boeing for $170m (£134m; €158m). ...
Potential conflicts image
Source : BBC [Read Article] Thursday 1st of December 2016 12:50:18 AM
Protectionism and trade disputes threaten world growth, says OECD image
Source : Guardian [Read Article] Monday 28th of November 2016 10:00:26 AM
.... Now the problem with trade has been the distribution of the gains from trade and this has always been known … and the fabric of domestic policies has not addressed that,” she said. On the tax and spending side, the OECD’s forecasters said they expected stimulus measures from the US government would raise US GDP growth by around 0. ...
Loans boss paid hackers to attack consumer website, court told image
Source : Guardian [Read Article] Monday 21st of November 2016 03:48:44 PM
....The court was told Frazer-Mann used the Liberty Reserve payment system, based in Costa Rica, which allowed users to transfer money by giving a name, date of birth and email address. It was shut down by the US government in May 2013 amid fears it was being used by criminals. ...
Trump is right: Nafta is a disaster. But US workers aren’t the big losers | Felicity Lawrence image
.... The poor got poorer. If the new trade had generated much greater tax revenues for the Mexican government, or indeed for the US government, they might have been able to mitigate the effects, but transnationals park their profits offshore in tax-haven subsidiaries. ...
Strong-arm Apple and tax China bigly: a guide to Trump's possible tech policies image
.... It is standard for global businesses to exploit loopholes that allow them to register profits in countries with lower corporate tax rates, though that means the profits (and taxes that go with them) don’t come back to the US. The US government has already said it would like that tax revenue back, and Donald Trump says he has ways of making it happen. ...
Does Trump’s election spell globalisation's end? image
Source : Guardian [Read Article] Thursday 17th of November 2016 03:43:16 PM
.... But, rather than alarming anyone, this should be seen as reassuring, because the riskiest forms of international finance have been curtailed without disrupting more stable and productive forms of foreign investment. We now face the prospect of the US government revoking the Dodd-Frank Act and rolling back the financial reforms of recent years. ...
No politician can keep a promise to bring back jobs – especially not Donald Trump image
....It worked because it addressed legitimate concerns about people’s lived experience, where not only have many traditional jobs disappeared but the ones that remain are insecure. In fact a 2015 US government report suggests that 40% of US jobs are now contingent, so that “millions of workers … are in temporary, contract, or other forms of non-standard employment arrangements” which have no “employer-provided retirement and health benefits, or … job-protected leave”. ...
Trump could change trade stance, says former Bush adviser image
Source : BBC [Read Article] Friday 11th of November 2016 11:21:03 AM
....". China is the US's top trading partner in goods, according to US government figures. ...
As the election haze clears, Trump’s China conundrum will become clear | Jonathan Fenby image
....Rich countries, led by the US, got cheap imports that kept down inflation and satisfied consumers. The deal got even better when Beijing recycled its earnings into US government bonds, providing capital to help fuel a credit binge. ...
Why the LSE can serve tech startups better than Nasdaq or the NYSE image
Source : Guardian [Read Article] Thursday 10th of November 2016 11:48:02 AM
....At Allied Minds, we single out technologies which will disrupt existing large and growing markets and business models. It’s a gruelling process, sifting through thousands of prospects annually from our relationships with more than 160 top American universities, the Department of Defense and other US government agencies. ...
UK 'flash crash' trader Navinder Sarao pleads guilty in US image
Source : BBC [Read Article] Wednesday 9th of November 2016 11:25:36 PM
....He had faced 22 charges carrying sentences totalling a maximum of 380 years. Sarao agreed to pay the US government $12. ...
British trader pleads guilty to wire fraud after US extradition image
Source : Guardian [Read Article] Wednesday 9th of November 2016 10:30:32 PM
....Sarao was sent to the US in October after losing a High Court challenge against a decision to extradite him over the “flash crash”, which saw the Dow Jones Industrial Average plunge 600 points in five minutes, wiping tens of billions of pounds off the value of US shares. Sarao agreed to pay the US government $12. ...
Global markets rocked as Trump surges towards White House image
Source : Guardian [Read Article] Wednesday 9th of November 2016 07:24:09 AM
US government asks: How much Nutella do you eat? image
Source : BBC [Read Article] Thursday 3rd of November 2016 12:20:22 PM
....The company says the difference is important as it dictates the nutritional data on the product's label, which influences shoppers. US government surveys Nutella fans. ...
Yahoo urges US to publish surveillance order image
Source : BBC [Read Article] Wednesday 19th of October 2016 08:53:25 PM
. Yahoo has called on the US government to publish a surveillance order it received so it can respond to claims it scanned its users' emails. ...
Theranos will shut labs and cut 40% staff image
Source : BBC [Read Article] Thursday 6th of October 2016 12:57:13 PM
.... . This led to an investigation by the US government's Centers for Medicare and Medicaid Services (CMS), which later revoked the company's licence to operate in California and banned Ms Holmes from running a lab for at least two years. ...
Yahoo 'secretly scanned emails for US authorities' image
Source : BBC [Read Article] Tuesday 4th of October 2016 06:47:01 PM
. Yahoo secretly scanned millions of its users' email accounts on behalf of the US government, according to a report. ...
Tech start-up funding 'appallingly bad' in UK image
Source : BBC [Read Article] Sunday 18th of September 2016 11:00:32 PM
.... . "They [Silicon Valley] did have an ecosystem that was cultivated in the 1940s and 1950s frankly by the US government and the defence industry that were originally in that part of California. ...
Former AIG boss set to go on trial at 91-years-old image
Source : BBC [Read Article] Tuesday 13th of September 2016 05:31:05 PM
.... . The firm, which issued credit guarantees for sub-prime mortgages, was bailed out by the US government, which took an 80% stake in the firm and provided nearly $185bn in aid. ...
Microsoft's UK data centres power up cloud services image
Source : BBC [Read Article] Wednesday 7th of September 2016 07:17:42 AM
....It hopes this will reassure clients that their information is secure. Microsoft is, however, fighting a long-running legal battle against the US government, which believes it has the right to force domestic companies to surrender data even when it is held overseas. ...
US airlines given go-ahead for Havana flights image
Source : BBC [Read Article] Wednesday 31st of August 2016 09:21:33 PM
. The US government has given approval to eight airlines for flights to the Cuban capital Havana. ...
Volkswagen to pay US dealers hit by emissions scandal image
Source : BBC [Read Article] Friday 26th of August 2016 05:22:55 PM
....The company still has to decide if it is going to pay to fix or buy-back 3-litre diesel engine cars affected by the scandal. In June, the company reached a deal with the US government to buy back 500,000 2-litre vehicles at their pre-scandal value. ...
US criticises EU tax probes ahead of Apple ruling image
Source : BBC [Read Article] Wednesday 24th of August 2016 04:45:07 PM
....The EU's executive body said it was investigating whether Apple was given special tax benefits for setting up in Ireland that were not granted to other companies, potentially violating EU state aid rules. Earlier this year the US government publicly challenged the investigation by Brussels, accusing it of targeting US corporations. ...
Moon Express cleared for lunar landing image
Source : BBC [Read Article] Wednesday 3rd of August 2016 06:21:18 PM
....What if you could mine the moon?. "The Moon Express 2017 mission approval is a landmark decision by the US government and a pathfinder for private sector commercial missions beyond Earth's orbit," said Moon Express co-founder Bob Richards. ...

Voters: open your eyes and escape these political cults
 image
Source : Telegraph [Read Article] Monday 1st of August 2016 12:34:22 PM
.... And yet Corbyn, as a backbench MP, was paid to appear as a commentator on Press TV, the station owned and sponsored by Iran, a country that executes people for the crime of being gay. When he took part in such a programme to expound his “fears” that the US government was hiding the truth about the death of Osama Bin Laden in 2011, he didn’t raise a word of objection when the presenter, Yvonne Ridley, described Israel as “the Zionist state”. ...
Opel head says 'Brexit decision not a good omen' image
Source : BBC [Read Article] Thursday 21st of July 2016 04:14:13 PM
.... . The company also said it may be forced by the US government to recall up to 4. ...
Singapore seizes $177m as part of Malaysia corruption probe image
Source : BBC [Read Article] Thursday 21st of July 2016 07:11:50 AM
....Singapore prosecutors have also seized $177m (£134m) in assets linked to 1MDB, half of which belong to a Malaysian financier facing many of the fraud allegations. The US government said on Wednesday that $3. ...
BP says total Gulf spill bill $61.6bn image
Source : BBC [Read Article] Thursday 14th of July 2016 08:16:36 PM
....In October of last year, BP agreed to pay $20bn (£13. 2bn) to settle claims with the US government stemming from the spill. ...
US sentences Chinese hacker for stealing military information image
Source : BBC [Read Article] Thursday 14th of July 2016 01:50:38 AM
....China and the US have regularly swapped accusations about who is behind the cyber-attacks they each suffer. In 2015, China arrested a group of hackers after the US government supplied them with a list of cybercrime suspects, accused of having stolen research and development information. ...
Farnborough forecast image
Source : BBC [Read Article] Friday 8th of July 2016 09:35:12 PM
....The Lockheed Martin-built F-35 was due to fly at Farnborough two years ago, but that appearance was cancelled after the entire fleet was grounded when an engine caught fire during a training exercise in the US. Lockheed and the US government are desperate to convince the world that the F-35 is back on track, and Farnborough will see a bigger presence than usual from Pentagon top brass and US officials to bolster support for the programme. ...
US job creation rebounds strongly in June image
Source : BBC [Read Article] Friday 8th of July 2016 12:38:04 PM
....The US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the dollar and yields on US government bonds rose in the belief a US rate rise was now more likely. ...
US stock market and Brexit: a toxic blend of uncertainty and complacency image
....Hal Scott, professor of international financial systems at Harvard Law School, and a director of the Committee on Capital Markets Regulation, argues that an unintended consequence of the reforms passed in the wake of 2008 financial crisis has been to cripple US central bankers should the market turmoil end up becoming another market catastrophe. “We have dodged a bullet so far, but a financial panic might still be in our future and the US government has fewer tools to deal with it” than before the Dodd-Frank reforms were implemented, Scott argues. ...
British firm aims to open immigration detention center near US-Mexico border image
....The British security firm Serco has moved a step closer to entering the controversial but lucrative immigration detention market in the US, as the company successfully lobbied public officials in a small Texas county near the Mexico border to propose that the federal government open a family detention centre in the jurisdiction. The billion-dollar company, implicated in numerous immigration detention centre scandals in the UK and Australia, has been lobbying the US government for more than a year in an effort to win detention contracts, sparking sustained criticism from immigrant rights groups. ...
BP to pay $175m to investors over Deepwater Horizon spill image
Source : Guardian [Read Article] Friday 3rd of June 2016 10:14:15 AM
....9bn for businesses and individuals who claim the spill cost them money and an $18. 7bn environmental settlement with the US government and five states. ...
US proposes new rules for payday loan industry to curtail borrower debt image
. The US government announced plans on Thursday to regulate the controversial $38. ...
Federal Reserve was hacked more than 50 times in the past five years image
Source : Guardian [Read Article] Wednesday 1st of June 2016 05:08:21 PM
....The redacted reports obtained by Reuters do not mention Love or any other hacker by name. The records point to breaches during a sensitive period for the Fed, which was ramping up aid for the struggling US economy by buying massive quantities of US government debt and mortgage-backed securities. ...
Oil price rises above $50 a barrel image
Source : Guardian [Read Article] Thursday 26th of May 2016 08:47:19 AM
....9% to $50. 2 a barrel, boosted by data from the US government showing a sharper than expected fall in crude stocks last week, and it later fell back slightly. ...
US corporate giants hoarding more than a trillion dollars image
Source : Guardian [Read Article] Friday 20th of May 2016 06:04:00 PM
....The biggest cash pile held by a non-tech company is the $39bn in the coffers of pharmaceutical company Pfizer. It was forced to abandon a tie-up with rival Allergan - in what was regarded as the biggest pharmaceutical deal in history - in April after the US government clamped down on so-called tax inversion deals. ...
UK and EU urged to act on Chinese steel dumping after US raises duty on imports image
. Britain’s steel trade body and unions have called on the UK and the EU to take urgent action to stop Chinese steel dumping, after the US government increased tariffs to more than 500%. ...
HSBC criticises John Kerry over business with Iran request image
Source : Guardian [Read Article] Friday 13th of May 2016 03:35:03 PM
....At Thursday’s meeting, Kerry had told representatives from all the major European banks that he wanted to “clarify and put to rest misinterpretations or mere rumours about how [the deal] is applied”. But writing in the Wall Street Journal, Levey said the US government was taking a “very odd position”. ...
Donald Trump given a fighting chance by ailing US economy image
Source : Guardian [Read Article] Sunday 8th of May 2016 10:08:20 AM
....Some of Trump’s shoot-from-the-hip comments are economically illiterate. He says he would take advantage of the fact that the US government can borrow money at very attractive rates to finance his public investment plans. ...
US private sector adds 156,000 jobs in April for slowest growth in three years image
.... Small businesses added jobs at the same pace as previous months. The figures come just two days before the US government’s official jobs report. ...
Expensive car owners will rush to buy self-driving cars, says Volvo chief image
....”. Volvo pointed to US government research predicting that self-driving cars will lead to an 80% fall in the number of car crashes by 2035. ...
Expensive car owners will rush to buy self-driving cars, says Volvo chief image
....”. Volvo pointed to US government research predicting that self-driving cars will lead to an 80% fall in the number of car crashes by 2035. ...
Driverless cars to dent insurance industry, warns Volvo chief image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 05:00:46 AM
....Volvo’s chief executive will tell a seminar on driverless cars on Tuesday that autonomous vehicles are the “single most important advance in automotive safety” in years. The Swedish carmaker’s boss, Håkan Samuelsson, will cite US government research predicting that driverless cars will lead to an 80% fall in the number of car crashes by 2035. ...
Volkswagen to buy back 600,000 cars in framework deal over emissions scandal image
. Volkswagen, the US government and private lawyers have reached a deal for the automaker to buy back some of the nearly 600,000 diesel cars that cheat on emissions tests and spend just over $1bn to compensate owners, according to a person briefed on the matter. ...
Mitsubishi Motors admits manipulating fuel economy tests image
Source : Guardian [Read Article] Wednesday 20th of April 2016 07:22:10 AM
....Mitsubishi Motors joins Hyundai, Kia and Ford on the list of carmakers that have mishandled testing or reporting of their models’ fuel economy. Hyundai and its Kia affiliate agreed to pay $350m (£244m) in 2014 to the US government for overstating vehicles’ fuel economy ratings. ...
Coal giant Peabody files for bankruptcy image
Source : BBC [Read Article] Wednesday 13th of April 2016 09:09:26 AM
.... Prices were hit as demand in emerging markets such as China and Brazil began to slow. Producers accounting for 45% of coal output have filed for bankruptcy in the current industry downturn, according to 2014 US government figures. ...
Business news: BP, John Lewis, Palatinate and Vivobarefoot image
Source : Daily Express [Read Article] Sunday 10th of April 2016 12:01:00 AM
....Earlier this month, a US federal judge approved BP’s £14. 8billion settlement with the US government over the explosion on the Deepwater Horizon oil platform. ...
How a US president and JP Morgan made Panama: and turned it into a tax haven image
....”. So, by the 1970s, when the US government had tightened its tax evasion loopholes, Panama went into the kind of full service we saw last week. ...
Could Trump really save the US $19tn? image
Source : BBC [Read Article] Friday 8th of April 2016 02:52:33 PM
....Donald Trump's policy proposals have generated a lot of headlines over the course of his presidential campaign. But none has made economists shriek more than the Republican front-runner's suggestion that he could eliminate US government debt in eight years. ...

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