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World - Aussies upstaged in pool, Jamaica reign on track

England achieved a stunning victory over Australia in the men`s 4x100m relay on the final day of swimming at the Commonwealth Games on Tuesday, while Jamaica dominated on the track. Australia bossed the six days of competition at Glasgow`s Tollcross International Swimming Centre and finished with an unprecedented haul of 57 medals, but they had to share the glory on the last day of competition. England`s Chris Walker-Hebborn, Adam Peaty, Adam Barrett and Adam Brown inflicted Australia`s first Commonwealth relay defeat in eight years by claiming gold in a Games-record time of 3min 31.51sec. Australia also encountered disappointment in the men`s 50m freestyle final, where 19-year-old Englishman Benjamin Proud beat Cameron McEvoy and James Magnussen.

Tuesday, July 29, 2014  23:36


World - Lloyds bank fined £218m over Libor rigging

Britain`s Lloyds Banking Group is to pay £218 million ($370 million, 276 million euros) in fines to British and US regulators for attempting to rig inter-bank lending rates, the bank said Monday. `LBG announces that it has reached settlements totalling £218 million to resolve with UK and US federal authorities legacy issues regarding the manipulation several years ago of group companies` submissions to the British Bankers` Association (BBA) London Interbank Offered Rate (LIBOR) and Sterling Repo Rate,` it said in a brief statement. The Libor scandal erupted two years ago when British bank Barclays was fined £290 million by British and US regulators for attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009.

Monday, July 28, 2014  14:33


World - Pop star Tulisa guilty of assaulting celebrity blogger

Singer Tulisa Contostavlos has been found guilty of assaulting a celebrity blogger at a music festival. The former X-Factor judge, 26, was convicted on Friday of hitting Savvas Morgan during a dispute at the V Festival in Chelmsford, Essex. Contostavlos was ordered to pay a £200 fine and £100 compensation to Mr Morgan, as well as £2,700 in prosecution costs. Earlier this week, a separate trial involving Contostavlos collapsed when the judge said there were `strong grounds` to believe that undercover reporter Mazher Mahmood, known as the `Fake Sheikh`, had lied during a pre-trial hearing.

Friday, July 25, 2014  17:27


World - EasyJet forecasts jump in annual profit despite unrest

No-frills airline EasyJet on Thursday forecast a jump in annual profits as higher passenger numbers and revenues offset disruptions caused by unrest in Israel, Russia and Egypt. Easyjet expects to grow pre-tax profit to between £545 million and £570 million in the year to the end of September, the carrier said in a trading statement. The range given for the latest financial year includes `the impact from the situations in Israel, Egypt and Moscow` and assumes `no further significant disruption`, Easyjet said.

Thursday, July 24, 2014  08:42


World - London mulls pollution charge on diesel vehicles

London may introduce a charge on polluting diesel vehicles that enter the centre of the British capital, in a bid to meet EU rules, mayor Boris Johnson said on Tuesday. The fee would be on the lines of the `congestion charge` for all vehicles entering central London, which is currently £11.50 a day ($19.50, 14.50 euros), a spokesman said. The plan is part of a new Brussels-compliant Ultra Low Emission Zone (ULEZ) being introduced in London from 2020, which Conservative Johnson announced last year. `We`ve got a big air quality problem in London, like many other big cities around the world, we`ve got people dying prematurely, we`re in breach of European guidelines.`

Tuesday, July 29, 2014  16:25


World - London`s famed `Gherkin` on sale for £650 mn

London`s landmark `Gherkin` office tower, one of the landmarks on the British capital`s skyline, went on sale for about £650 million ($1.1 billion, 820 million euros) on Tuesday after being placed into receivership. Property firms Savills and Deloitte Real Estate were jointly instructed to sell the 41-storey block in the city`s financial district. The building looks like a glass gherkin, rising out of the City of London financial district. This was after lenders to the current owners -- German property firm IVG Immobilien -- became frustrated at its attempts to restructure debt.

Tuesday, July 29, 2014  13:08


World - Richard III`s makeshift grave opens to public

The grave of King Richard III, immortalised by Shakespeare as one of history`s great villains, was opened up to the public on Saturday in central England. The remains of the infamous ruler were found in 2012 under a car park in the city of Leicester. Around a hundred visitors were on hand to watch city mayor Peter Soulsby cut the ribbon on the £4 million ($6.8 million, 5 million euro) new visitor centre at the discovery site. Early arrivals at the building, in an abandoned school close to Richard`s grave, were able to examine a replica of his skeleton made using a 3D printer.

Saturday, July 26, 2014  14:17


World - London shares slide on weak German confidence data

London`s leading share index slipped on Friday as a fall in German business confidence overshadowed positive British growth data, dealers said. The benchmark FTSE 100 index slipped 0.44 percent to 6,791.55 points, while in Paris the CAC 40 dropped 1.82 percent at 4,330.55. The crises in Ukraine and the Middle East are eroding business confidence in Germany, which could in turn derail European recovery. Back on the trading floors, Royal Bank of Scotland was the star performer after the lender saw its share price soar 10.77 percent after it announced net profits almost tripled to £1.425 billion in the six months to the end of June.

Friday, July 25, 2014  18:08


World - Britain`s Lloyds bank says expects fine over Libor

Britain`s Lloyds Banking Group said on Friday that it expects to be fined for its role in the Libor rate-rigging scandal. LBG said in statement that it had noted media coverage regarding potential settlements with a number of government agencies `around the setting of Interbank Offered Rates and other benchmarks`. It added: `The settlements remain to be agreed and LBG expects they will include the payment of penalties.` The Financial Times reported that next week LBG will announce it is paying fines of up to £300 million ($509 million, 379 million euros) to British and US regulators after it was allegedly found to have manipulated inter-bank lending rates.

Friday, July 25, 2014  11:34


World - Royal Bank of Scotland reports recovery, shares leap

Britain`s state-rescued Royal Bank of Scotland posted a surge in profits on Friday, boosting its share price, but warned over future earnings. Pre-tax profits jumped 93 percent to £2.65 billion, it added. In reaction, RBS shares rocketed 14.34 percent to 376 pence, topping London`s benchmark FTSE 100 index, which was flat at 6,816.25 points in early trading. `These results show that underneath all the noise and huge restructuring of recent years, RBS is a fundamentally stronger bank that can deliver good results for customers and shareholders,` said chief executive Ross McEwan.

Friday, July 25, 2014  10:41

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