World & Politics NEWS

Spanish deposits shrink by €74bn as recession deepens

Depositors in recession hit Spain withdrew EUR74bn from the country’s banks in July, according to figures from the European Central Bank (ECB). The deposit loss equals 7% of Spain’s GDP in a single … Continue reading “Spanish deposits shrink by €74bn as recession deepens”


Shell’s $400 million Niger Delta security funds better invested on local communities — report

Oil giant Shell has spent almost $400m in three years guarding its installations in the Niger Delta, including maintaining its own 1,200-strong internal ‘police’ force, running a network of plainclothes informants and supplying … Continue reading “Shell’s $400 million Niger Delta security funds better invested on local communities — report”


Australian horse racing stained by money laundering and race fixing — report

Much has changed since the first horses arrived in Australia, aboard a female convict ship, in January 1788. Today, Australians are among the most enthusiastic gamblers on horse racing in the world, spending … Continue reading “Australian horse racing stained by money laundering and race fixing — report”


Euro crisis threatens the existence of the EU — Italian PM

Italian prime minister Mario Monti has warned that the sovereign debt crisis in Europe is not only threatening the existence of the eurozone, but also the European Union itself. Monti told German news … Continue reading “Euro crisis threatens the existence of the EU — Italian PM”


British clients of HSBC-controlled bank in Switzerland avoid £200m in taxes

British clients of an HSBC-owned private Swiss bank that is the focus of a major HM Revenue & Customs investigation are alleged to have evaded tax by an amount likely to exceed £200m, according to … Continue reading “British clients of HSBC-controlled bank in Switzerland avoid £200m in taxes”


Ratings agency Moody’s warns of negative outlook for Germany

Credit ratings agency Moody’s on Tuesday warned that the outlook for Germany’s AAA credit rating is negative, which is said to be the first step towards a possible downgrade. Credit ratings for the … Continue reading “Ratings agency Moody’s warns of negative outlook for Germany”


Fears of sovereign bailout for Spain grow

Asian shares fell and the euro hovered near multi-year lows earlier on Monday as Spain ignited concerns about its ability to resist a sovereign bailout after two indebted regions looked for financial assistance … Continue reading “Fears of sovereign bailout for Spain grow”


The ten most influential financial lobbyists in the UK — TBIJ

The following list details the ten most powerful financial lobbyists in the UK, selected by The Bureau of Investigative Journalism. The list follows an earlier report by TBIJ, published last week by Financial … Continue reading “The ten most influential financial lobbyists in the UK — TBIJ”


The City spent £92m on lobbying politicians last year — report

The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic war of attrition’ that has secured a string of policy victories, The Bureau of Investigative … Continue reading “The City spent £92m on lobbying politicians last year — report”


Some Bishops claim up to £27k for attending Westminster sessions

Bishops in the House of Lords are claiming up to £27,000 a year in allowances for attending Westminster – on top of their annual stipends. The Bureau’s investigation with the Independent has found … Continue reading “Some Bishops claim up to £27k for attending Westminster sessions”


Navigate Articles by Page ....

1 2 3 4