Topic filter : Corruption

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....As it turned out, both men were wrong. The investigation that led to Cerveró’s arrest – codenamed Lava Jato (Car Wash) – was about to uncover an unprecedented web of corruption. ... [Read full article on Guardian ]
Thursday 1st of June 2017 04:30:45 AM
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....2bn; £2. 4bn) fine for its role in Brazil's corruption scandals. ... [Read full article on BBC ]
Wednesday 31st of May 2017 09:33:33 PM
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....1%, slowing from the previous quarter's 7% rate and lower than analysts had expected. The economy took a hit from the government's decision to withdraw 500-rupee and 1,000-rupee banknotes in an anti-corruption drive. ... [Read full article on BBC ]
Wednesday 31st of May 2017 01:13:06 PM
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....7%. The cash recall was intended to hasten the country’s transition towards a formal economy and close down the booming economy of untaxed cash transactions, which aid corruption, the funding of terrorist groups and keeps counterfeit notes in circulation. ... [Read full article on Guardian ]
Thursday 1st of June 2017 01:31:26 PM
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. Spain’s top anti-corruption prosecutor has resigned following weeks of pressure that culminated in an admission that he holds a stake in an offshore company in Panama. ... [Read full article on Guardian ]
Thursday 1st of June 2017 01:21:08 PM
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....Mr Temer has denied the allegations, saying the tape had been "manipulated" but there have been growing calls for his resignation. The ongoing corruption scandal has also thrown Mr Temer's planned economic reforms into doubt. ... [Read full article on BBC ]
Thursday 1st of June 2017 01:32:47 PM
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....Wealthy foreign buyers have for years been attracted to London homes as a stable investment and a safe-haven for their money, particularly when they live in politically unstable countries. The government has raised concerns that some buyers are housing the proceeds of corruption in London homes and when Boris Johnson was mayor he attacked the trend of London homes being used as “gold bullion in the sky”. ... [Read full article on Guardian ]
Tuesday 13th of June 2017 03:10:07 PM
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....”. Soros said he was “full of admiration for the courageous way the Hungarian people have resisted the deception and corruption of the mafia state the Orbán regime has established”. ... [Read full article on Guardian ]
Thursday 1st of June 2017 11:24:59 AM
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Latest Finance News related to Corruption

Foreign investors snapping up London homes suitable for first-time buyers image
....Wealthy foreign buyers have for years been attracted to London homes as a stable investment and a safe-haven for their money, particularly when they live in politically unstable countries. The government has raised concerns that some buyers are housing the proceeds of corruption in London homes and when Boris Johnson was mayor he attacked the trend of London homes being used as “gold bullion in the sky”. ...
Brazil emerges from recession as GDP grows 1% image
Source : BBC [Read Article] Thursday 1st of June 2017 01:32:47 PM
....Mr Temer has denied the allegations, saying the tape had been "manipulated" but there have been growing calls for his resignation. The ongoing corruption scandal has also thrown Mr Temer's planned economic reforms into doubt. ...
India's slowing growth blamed on 'big mistake' of demonetisation image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:31:26 PM
....7%. The cash recall was intended to hasten the country’s transition towards a formal economy and close down the booming economy of untaxed cash transactions, which aid corruption, the funding of terrorist groups and keeps counterfeit notes in circulation. ...
Spain's top anti-corruption prosecutor quits over Panama link image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:21:08 PM
. Spain’s top anti-corruption prosecutor has resigned following weeks of pressure that culminated in an admission that he holds a stake in an offshore company in Panama. ...
George Soros attacks Hungarian prime minister for building a 'mafia state' image
....”. Soros said he was “full of admiration for the courageous way the Hungarian people have resisted the deception and corruption of the mafia state the Orbán regime has established”. ...
Brazil meat-packing giant JBS to pay record $3.2bn corruption fine image
....2bn; £2. 4bn) fine for its role in Brazil's corruption scandals. ...
Indian growth figures miss estimates image
Source : BBC [Read Article] Wednesday 31st of May 2017 01:13:06 PM
....1%, slowing from the previous quarter's 7% rate and lower than analysts had expected. The economy took a hit from the government's decision to withdraw 500-rupee and 1,000-rupee banknotes in an anti-corruption drive. ...
British Airways CEO will not resign despite 'catastrophic' IT failure image
....He told the BBC this had affected “all the operating of our systems – baggage, operations, power processing. ” Backup systems that should have kicked in also failed, he said, adding that there was no evidence of a cyber-attack and “there has been no corruption or any compromise of any customer data. ...
Petrofac's move to appease SFO offers fuel for thought | Nils Pratley image
. When the Serious Fraud Office announced two weeks ago it was investigating suspected bribery, corruption and money laundering at Petrofac, shares in the oil services firm fell 14%. ...
Paradise in the Med image
Source : BBC [Read Article] Thursday 25th of May 2017 09:54:43 PM
....Malta currently holds the presidency of the European Union, so the allegations are all the more sensitive. And they come at the tail end of a bitter election campaign that has seen the island's Labour government fending off serious claims of corruption, ahead of a vote on 3 June. ...
Petrofac executive suspended amid fraud probe image
Source : BBC [Read Article] Thursday 25th of May 2017 11:29:00 AM
....Shares in Petrofac have dived almost 30% after the oilfield services firm suspended its chief operating officer Marwan Chedid amid a fraud inquiry. The Serious Fraud Office is probing the firm over allegations of "bribery, corruption and money laundering" relating to oil contractor Unaoil. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
.... The Irish director of public prosecutions had dropped some of these charges in the past four weeks. The case against Fitzpatrick at the Dublin circuit criminal court was a retrial after his first trial in May 2015 ended after weeks of legal argument over the flaws in the investigation by the Republic’s anti-corruption corporate watchdog. ...
'I spit on you again': Russian billionaire renews tirade against Putin rival image
. The Russian billionaire and Arsenal shareholder Alisher Usmanov has launched an embittered online attack on the anti-corruption campaigner and Vladimir Putin critic Alexei Navalny. ...
Oil bosses have given £390,000 to Tories under Theresa May image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 05:00:43 AM
....Oil executives whose industry is promised further government support if the Conservatives are returned to power have given more than £390,000 to the party since Theresa May became prime minister. They include Ian Taylor, the chief executive of Vitol, whose firm was fined for making payments to an Iraqi state-owned firm, and Ayman Asfari, the chief executive of Petrofac, who was recently interviewed by the Serious Fraud Office over suspected corruption. ...
Police probe UK links to Magnitsky money image
Source : BBC [Read Article] Friday 19th of May 2017 11:34:21 PM
....It said in a complex series of transfers through shell corporations, the $230m from the Russian treasury was laundered into numerous accounts in Russia and other countries. Mr Browder and other anti-corruption campaigners have urged authorities to do more to clamp down on suspected "dirty money". ...
Tories receive £50,000 from man questioned by Serious Fraud Office image
Source : Guardian [Read Article] Thursday 18th of May 2017 02:12:09 PM
....Theresa May’s election campaign has received a £50,000 donation from a Syrian-born businessman who was recently interviewed by the Serious Fraud Office, according to official data. Ayman Asfari, the chief executive of the oil services group Petrofac, gave the money to the Tories just days before the Guardian disclosed that he was recently interviewed under caution by the Serious Fraud Office (SFO) over suspected bribery, corruption and money laundering by the company. ...
Anti-corruption police investigate UK firm over ex-Nigerian warlord deal image
. Anti-corruption investigators in four countries are examining a British firm’s links to a multimillion-pound defence deal involving a former Nigerian warlord. ...
Tory donor questioned by SFO over corruption claims at Petrofac image
Source : Guardian [Read Article] Friday 12th of May 2017 04:47:44 PM
....The Serious Fraud Office has launched an investigation into a company run by a major Conservative donor who is one of the prime minister’s business ambassadors. Petrofac, which provides services to the oil and gas industry, is being investigated by the SFO over suspected bribery, corruption and money laundering. ...
Chapter closed? image
Source : BBC [Read Article] Friday 12th of May 2017 07:01:27 AM
.... In the past few weeks, as the reforms advanced through Congress, Lula's standing in the polls also increased. However, Lula may not even be allowed to run for president and could go to jail before next year's elections, as he is facing five different corruption charges. ...
KPMG's audits of Rolls-Royce accounts probed by regulator image
Source : BBC [Read Article] Thursday 4th of May 2017 08:31:07 AM
....The Financial Reporting Council (FRC) will probe the accountancy giant's oversight of Rolls-Royce's financial statements covering four years. It follows Rolls-Royce's settlement of £671m with the Serious Fraud Office in January over corruption allegations. ...
Accounting watchdog to investigate KPMG over Rolls-Royce audit image
Source : Guardian [Read Article] Thursday 4th of May 2017 07:22:01 AM
....The UK’s accounting watchdog has begun an investigation into KPMG’s audit of Rolls-Royce, after the engineering group settled a bribery case with the Serious Fraud Office earlier this year. Rolls-Royce agreed in January to pay £671m in penalties to settle long-running corruption allegations, in a deferred prosecution agreement. ...
Barclays chief clashes with private equity firm over family dispute image
....The deal was KKR’s maiden direct investment in Brazil but went sour in 2015 when the private equity giant fired Nitzan, then Aceco’s chief executive, and wrote off its $475m investment, after an internal investigation into a whistleblower’s allegations of fraud. KKR said the probe uncovered evidence that Aceco made payments to people involved in Brazil’s gargantuan “Car Wash” bribery and corruption scandal, some linked to the 2014 World Cup. ...
South Korea shrugs off tension with sharp rise in exports image
Source : BBC [Read Article] Monday 1st of May 2017 10:39:58 AM
....9%. South Koreans are going to the polls next week, following the impeachment of President Park Geun-hye over a corruption scandal last year. ...
Apple’s addiction to iPhone shows no sign of waning image
Source : Guardian [Read Article] Sunday 30th of April 2017 06:00:21 AM
....Another company which recently recorded the biggest loss in its corporate history, and which is also holding an annual meeting this week, is Rolls-Royce. The aero-engine maker agreed a £671m settlement in January relating to bribery and corruption charges and this, along with a £4. ...
Samsung sees best quarterly profits in three years image
Source : BBC [Read Article] Thursday 27th of April 2017 02:59:19 AM
....The two S8 devices launched last week and no sales figures are yet available, but Samsung said pre-orders had been 30% higher than for the Galaxy S7 in 2016. Despite the financial success, Samsung remains mired in scandal with its de-facto head Lee-Jae Yong on trial over his alleged role in a corruption scandal that brought down South Korean President Park Geun-hye. ...
Brazil's Odebrecht to pay $2.6bn fine for corruption image
Source : BBC [Read Article] Monday 17th of April 2017 05:35:57 PM
....A US judge has formally fined Brazil's engineering giant Odebrecht $2. 6bn in a corruption case centred around the country's state oil company, Petrobras. ...
Tesco sorry for Good Friday beer advert image
Source : BBC [Read Article] Thursday 13th of April 2017 03:19:43 PM
.... Some choose to mark the day by fasting, which can include abstaining from eating meat or drinking alcohol. There is some dispute about why it is called "good", with some suggesting the day is "good" in that it is holy, and others that the phrase is a corruption of "God's Friday". ...
Not so friendly skies image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:03:55 AM
.... Look at Samsung, for example. The tech giant has just reported a stellar profit forecast despite facing corruption allegations and the embarrassment of exploding phones. ...
Shell admits dealing with money launderer image
Source : BBC [Read Article] Monday 10th of April 2017 11:36:26 PM
.... We believe that the settlement was a fully legal transaction with the FGN," he added. The change comes after Global Witness and Finance Uncovered, two anti-corruption charities, published emails seen by the BBC which showed that Shell representatives were negotiating with Mr Etete a year before the deal was signed. ...
Lloyds to pay £100m fraud compensation image
Source : BBC [Read Article] Friday 7th of April 2017 08:40:13 AM
....Professor Russel Griggs has already been appointed to assess which customers will get compensation, and how much they will receive. Former HBOS manager found guilty of corruption and fraud. ...
Why can't Indians gain possession of the homes they own? image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:12:28 PM
....So on one hand people can’t get into the homes they own. And on the other hand there’s a lot of corruption, which drives up prices. ...
Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz image
....Many in Russia believe the US Treasury pushed Washington consensus policies to weaken their country. The deep corruption of the Harvard University team chosen to “help” Russia in its transition, described in a detailed account published in 2006 by Institutional Investor, reinforced these beliefs. ...
Serious Fraud Office boss warns big names to play ball – or else image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....Rolls-RoyceRolls-Royce and the SFO announced in January that the aerospace and defence company had agreed to pay £671m in relation to allegations that it bribed middle men around the world between 1989 and 2013. Sir Brian Leveson, the judge who approved the DPA, said the SFO investigation had uncovered “the most serious breaches of the criminal law in the areas of bribery and corruption”. ...
South Africa leaders divided after President Zuma sacks Gordhan image
Source : BBC [Read Article] Thursday 30th of March 2017 10:39:38 PM
....His late night dismissal on Thursday led to a 5% plunge in the value of the currency, the rand. Mr Gordhan was seen as a bulwark against corruption in an administration that is facing growing criticism. ...
Samsung Galaxy S8 hides home button and gains Bixby AI image
Source : BBC [Read Article] Wednesday 29th of March 2017 03:00:35 PM
....The South Korean firm blamed the problem on battery faults and said it had since put in additional safety measures, including X-ray scans of batteries. The company has also become mired in a corruption scandal in its home country. ...
Samsung: Is Galaxy S8 the firm's most important phone yet? image
Source : BBC [Read Article] Wednesday 29th of March 2017 05:01:52 AM
....That resilience is largely because the Galaxy S7 - the precursor to the new phone launched this Wednesday - has been a real success. And it is even more remarkable given Samsung is also embroiled in South Korea's political corruption scandal - with the firm accused of having bribed the government in return for political favours - something it strenuously denies. ...
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
.... The organisation said in January, when it announced the DPA with Rolls-Royce, that its investigation into individuals was continuing and it could bring charges within months. In the judgment in the high court on the DPA between the SFO and Rolls-Royce, Sir Brian Leveson said the company had conducted “the most serious breaches of the criminal law in the areas of bribery and corruption” and that some of the allegations “implicated senior management and, on the face of it, controlling minds of the company”. ...
Samsung Electronics chief says sorry for scandal image
Source : BBC [Read Article] Friday 24th of March 2017 08:42:17 AM
. Samsung Electronics has apologised to shareholders for its role in a corruption case that led to South Korea's president being impeached. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
. Brexit could damage the UK’s efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....The trial is significant because South Korea's family-controlled conglomerates, or "chaebols", used to be considered untouchable given they have powered much of the country's economic growth. But in recent years, the chaebols and their family members have become the focus of public anger over inequality and corruption. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
....The government suspended more than 30 senior civil servants who should have spotted the unhygienic and illegal practices. They are being investigated for corruption. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
.... But the report also tries to analyse statistics to explain why one country is happier than another. It looks at factors including economic strength (measured in GDP per capita), social support, life expectancy, freedom of choice, generosity, and perceived corruption. ...
Marked down image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:14:06 AM
.... . But research into an ostensibly successful anti-corruption campaign in Romania has revealed that one of the consequences is precisely the reverse of its aims: that poorer students actually performed worse in the cleaned-up exam. ...
Brazil prosecutor targets politicians in Petrobras scandal image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:19:32 PM
. Brazil's top prosecutor has asked the Supreme Court to open 83 new investigations into politicians as part of a long-running corruption probe involving state oil giant Petrobras. ...
Rolls-Royce calls its first staff AGM image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:02:59 PM
. Rolls-Royce, the engine maker hit by a £671m settlement of bribery and corruption charges, is to hold its first annual meeting for staff with the aim of improving communication with its global workforce of almost 50,000. ...
Pay boosts for Shell and Rolls-Royce bosses despite profits slide image
....Rolls-Royce was pushed to a pre-tax loss of £4. 6bn in 2016 after it agreed to pay £671m to settle corruption cases with UK and US authorities and wrote off £4. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
....Among other companies publishing details of pay deals on Thursday was Rolls-Royce, which paid annual bonuses to its executive for the first time in three years. Its chief executive, Warren East, who is leading the clean-up operation of the engine-maker after its £671m charge to settle bribery and corruption charges with the Serious Fraud Office and authorities in the US and Brazil, received a £916,000 bonus taking his total pay to £2m. ...
Samsung chief Lee Jae-Yong on trial for bribery image
Source : BBC [Read Article] Thursday 9th of March 2017 06:30:31 AM
. The trial of Samsung's de facto head Lee Jae-Yong on a string of corruption charges including bribery and embezzlement has begun in South Korea. ...
Brazil's recession worst on record image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:00:14 PM
....But as growth in the biggest element of that grouping, China, began to slow so did demand for commodities and their prices. Another drag factor has been corruption, which has engulfed Brazilian society at the highest levels, seeing off its President, Dilma Rousseff for illegally manipulating government accounts, and involving some of the country's biggest and best-known companies. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
....However, within days the bulk of the money was transferred through JP Morgan in London to a convicted Nigerian money launderer – a man with whom both Shell and Eni had been negotiating. “The UK authorities have some serious explaining to do,” said Barnaby Pace, a campaigner with the anti-corruption watchdog Global Witness, which has investigated this case for several years. ...
£220,000: the price super-rich will pay to keep their privacy image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
.... The property spans the top three floors of one block, and consists of two flats which were knocked together. The Metropolitan police have said that more than £180m of British property held by offshore vehicles has been put under criminal investigation in the past decade as the likely proceeds of corruption. ...
Christian Candy tells high court: ‘I don’t deal with shady people’ image
.... The brothers deny any wrongdoing. Under questioning by Holyoake’s barrister, Candy confirmed multiple dealings between his property business and a controversial firm of private detectives which has been investigated by Scotland Yard as part of an inquiry into the suspected corruption of Metropolitan police officers. ...
Indian economic growth slows in December quarter of 2016 image
Source : BBC [Read Article] Tuesday 28th of February 2017 01:38:30 PM
....4%. Economists had expected the economy to suffer from the government's decision to withdraw high-denomination banknotes as part of an anti-corruption drive. ...
Samsung's acting head indicted on bribery charges as scandal grows image
Source : Guardian [Read Article] Tuesday 28th of February 2017 10:22:14 AM
. The acting head of Samsung has been indicted on bribery and embezzlement charges connected to a corruption and cronyism scandal centring on South Korea’s impeached president, Park Geun-hye. ...
Samsung heir Lee Jae-yong to be indicted on bribery charges image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:14:00 AM
.... . Samsung is one of the biggest electronics companies in the world and for the head of a company that thrives on a premium brand image to be involved in a corruption scandal is a huge embarrassment. ...
Vast losses at RBS are a legacy of a failed system | Will Hutton image
Source : Guardian [Read Article] Sunday 26th of February 2017 12:05:15 AM
.... Too many great names in British business have revealed feet of clay in the past few years. Rolls-Royce has paid £671m in penalties to the UK, US and Brazilian governments to settle bribery and corruption claims in 12 countries. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
....Rato, who led the IMF from 2004 to 2007, and was a key figure in the conservative People’s party (Partido Popular or PP), was greeted with cries of “thief”, “fraud” and “thugs” when the trial began in September. The sentence is yet another embarrassment for the PP government of Mariano Rajoy, which is already mired in a series of high-profile corruption scandals. ...
Samsung head arrested over South Korean Choi-gate corruption scandal image
Source : Guardian [Read Article] Friday 17th of February 2017 12:27:38 AM
. The acting head of Samsung, South Korea’s biggest conglomerate, has been arrested in connection with the corruption and influence-peddling scandal that threatens to topple the country’s impeached president, Park Geun-hye. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
.... Warren East, the company’s chief executive, has called the behaviour “completely unacceptable”. America has been at the forefront of the international fight against corruption ever since the passing of 1978 Foreign Corrupt Practices Act which sought to prevent multi-national corporations from bribing crooked officials in order to win contracts. ...
Bribery and Brexit propel Rolls-Royce towards historic losses image
Source : Guardian [Read Article] Saturday 11th of February 2017 01:42:36 PM
. Rolls-Royce will report one of the biggest losses in British corporate history this week as Brexit and a corruption scandal leave an indelible mark on the famous aerospace company. ...
Panama Papers: Mossack Fonseca founders arrested over bribery scandal image
Source : Guardian [Read Article] Friday 10th of February 2017 03:11:52 PM
. The founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, were arrested in Panama City on Thursday as the country’s attorney general launched a probe into their alleged connections with Brazil’s sprawling Lava Jato corruption scandal. ...
Former Rolls-Royce boss questioned in corruption inquiry image
Source : Guardian [Read Article] Friday 10th of February 2017 11:31:33 AM
. Sir John Rose, the former chief executive of Rolls-Royce, has been questioned under caution as part of the Serious Fraud Office’s investigation into a corruption scandal at the engineering group. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
.... He has ruled out debt relief, saying the solution for Greece lies in the government making further cuts in pensions and benefits. This untenable position, which ignores 25% unemployment and endemic corruption, was then undermined further by a simple untruth. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....”. The Panama Papers exposed how thousands of offshore companies have been used to help hide the proceeds of fraud, political corruption and tax evasion. ...
Rolls-Royce faces civil service inquiry over UK state funding image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:29:06 PM
....The inquiry was launched after the multinational manufacturer admitted last month it had used multimillion-pound bribes to secure export orders across the world over four decades. Rolls-Royce has apologised and is paying £671m in penalties after the endemic corruption, implicating senior employees, was exposed by anti-corruption investigators in the UK, US and Brazil. ...
HBOS manager and other City financiers jailed over £245m loans scam image
Source : Guardian [Read Article] Thursday 2nd of February 2017 03:55:21 PM
....Also sentenced were Michael Bancroft, 73, who was jailed for 10 years; Mark Dobson, 56, for four-and-a-half years; and John Cartwright, 72, for three-and-a-half years for their various roles in the fraud between 2003 and 2007. Mills’s wife Alison, 51, also played a major role in the corruption and was sentenced to three-and-a-half years. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
.... But elsewhere, Conn really is in the middle of a seriously unfortunate trot. He was the senior independent director at Rolls-Royce in 2010 – and he was on the board from 2005 to 2014 – which suddenly looks awkward following Lord Justice Leveson’s judgment this month that the company was aware in 2010 of corruption allegations within the company, but decided not to notify the Serious Fraud Office. ...
Luxury retailers hope Chinese new year tourists will leave them crowing image
Source : Guardian [Read Article] Saturday 28th of January 2017 08:00:49 AM
....However, in Hackney one Burberry shop assistant says the outlet is not as busy as several years ago, when coachloads of visitors linked to the Chinese government would turn up. A crackdown on corruption in China has meant limits on luxury spending by such groups. ...
Hard times for luxury Swiss watches as sales drop 10% image
Source : Guardian [Read Article] Thursday 26th of January 2017 06:48:05 PM
. Sales of luxury Swiss watches dropped by 10% last year following a crackdown on corruption in China. ...
Dow Jones hits record high – is Trump good for stock markets? image
Source : Guardian [Read Article] Wednesday 25th of January 2017 03:18:04 PM
....Sir Philip Green still has a gong (for now), but even if the Topshop owner eventually coughs up a few hundred million quid for the BHS pension fund, it’s hard to imagine it would be awarded today. Labour is also calling for Sir John Rose, the former chief executive of Rolls-Royce, to lose his knighthood after the engine manufacturing company admitted to bribery and corruption during his period at the top. ...
The new robot revolution will take the boss's job, not the gardener's image
Source : Guardian [Read Article] Sunday 22nd of January 2017 01:38:08 PM
....The WEF’s argument is that the ecosystem that once ensured growth was translated into higher living standards has deteriorated as a result of technological change, global integration, domestic deregulation and increased immigration. It has a comprehensive list of remedies, including fair and efficient taxes to ensure adequate investment in education and physical infrastructure, action to tackle corruption and the concentration of rents, an adherence to core labour standard and worker protections. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
....Apart from the banks, it is hard to think of a bigger British corporate scandal than Rolls-Royce in the past two decades. If Brexit and Trump weren’t happening, the tale of bribery and corruption at Rolls-Royce over three decades would have been front-page news for days. ...

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