Business

Tom Hayes cleared of Libor rigging as court overturns conviction

Tom Hayes cleared of Libor rigging as court overturns conviction

Tom Hayes, the first banker imprisoned in connection with the Libor scandal in 2015, has had his conviction overturned by the UK’s highest court, clearing his name. A panel of five justices, led by Lord Reed, ruled on Wednesday that the instructions given to the jury in Hayes’s

UK regulator to target Apple and Google's mobile dominance

UK regulator to target Apple and Google's mobile dominance

The UK competition authority has stated it plans to intervene to increase competition on Apple and Google’s mobile platforms to benefit users, businesses, and app creators. The Competition and Markets Authority (CMA) has classified the two tech firms as holding "strategic market status" due to their dominant

"Eurostar urges solid Channel rail plan amid impending monopoly ruling"

"Eurostar urges solid Channel rail plan amid impending monopoly ruling"

Cross-Channel rail operator Eurostar has called on the UK government to adopt a "credible long-term strategy" for international rail services or risk lagging behind other European nations. The plea comes ahead of a key regulatory decision that may end its longtime monopoly on cross-border routes.

Deloitte’s Glencore audits face UK probe over eight-year span

Deloitte’s Glencore audits face UK probe over eight-year span

Deloitte Under Investigation Over Glencore Audits The accounting firm Deloitte is being scrutinized by the industry regulator over its audits of the FTSE 100 commodities and mining company Glencore, along with its UK branch, spanning eight years. The Financial Reporting Council (FRC) stated it is examining whether Deloitte’s audits

Coca-Cola to introduce cane sugar Coke in US following Trump's comment

Coca-Cola to introduce cane sugar Coke in US following Trump's comment

Coca-Cola has announced plans to introduce a product made with cane sugar sourced in the US this year, following recent claims by Donald Trump that the company would stop using high-fructose corn syrup. The decision was detailed in the company’s quarterly earnings report released on Tuesday. During

"Court orders Mike Lynch's estate and partner to pay HP £700m"

"Court orders Mike Lynch's estate and partner to pay HP £700m"

The estate of Mike Lynch, who passed away a year ago when his yacht sank near Sicily, along with his business associate, must pay Hewlett-Packard over £700 million, a court has ruled. The American tech firm had pursued damages of up to $4.55 billion (£3.37 billion) from

"BoE Chief Cautions Reeves Against Excessive Bank Rule Relaxation"

"BoE Chief Cautions Reeves Against Excessive Bank Rule Relaxation"

Bank of England Governor Cautions Against Major Relaxation of Banking Rules The governor of the Bank of England has cautioned the chancellor, Rachel Reeves, against significantly weakening financial regulations for the banking sector, warning that doing so could repeat the errors that contributed to the 2008 financial crisis. Andrew Bailey