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World - British ex-MEP jailed over expenses fraud

A former member of the European Parliament (MEP) was on Friday jailed for four years in Britain for falsely claiming more than £100,000 ($146,000, 128,000 euros) in expenses. Peter Skinner, a British MEP for the Labour party between 1994 and 2014, was convicted of fraud, false accounting and making a false instrument. Prosecutor Jonathan Davies said the total lost to the European Parliament was £132,434.02, and the judge agreed that it was `in excess of £100,000`.

Friday, April 29, 2016  22:00


World - Royal Bank of Scotland says doubles quarterly net loss

Britain`s state-rescued Royal Bank of Scotland on Friday said net losses more than doubled in the first quarter owing to an exceptional payment back to the government. Losses after tax in the first three months of the year stood at £968 million ($1.4 billion, 1.2 billion euros), which compared with a net loss of £459 million in the first quarter of 2015, RBS said in an earnings statement. `An attributable loss of £968 million included payment of the final Dividend Access Share (DAS) dividend of £1,193 million to the UK government,` RBS said.

Friday, April 29, 2016  08:57


World - Opportunity, uncertainty await Premier League champions Leicester

As Leicester City`s supporters awoke on Tuesday, fuzzy of head and bleary of eye after celebrating their fairytale Premier League triumph, the club were already entering a new sporting and financial dimension. It is estimated that Leicester`s 5,000-1 success could be worth around £155 million ($227.5 million, 196.4 million euros) in revenue to the modest east Midlands club, up from £104.4 million for last year. The title, the first in Leicester`s 132-year history, means Champions League football next season and access to lucrative global sports markets, but it also brings with it a dizzying change of status.

Tuesday, May 03, 2016  15:02


World - Vokes sends Burnley back to the Premier League

Burnley returned to the Premier League at the first attempt as a 1-0 win over QPR at jubilant Turf Moor sealed promotion from the Championship on Monday. Sean Dyche`s side kicked off knowing a lucrative place in the top-flight, worth an estimated £180 million ($264 million) was within touching distance after promotion rivals Brighton were held to a draw by Derby earlier in the day. With Middlesbrough, the other of the three teams battling for automatic promotion, having drawn at Birmingham on Friday, the path to promotion was clear for Burnley and Sam Vokes ensured they completed the journey with his 61st minute winner.

Monday, May 02, 2016  19:26


World - F1 driver Rosberg quickest again ahead of Hamilton

Nico Rosberg topped the times ahead of his Mercedes team-mate and defending three-time world champion Lewis Hamilton in Friday`s opening free practice for this weekend`s Russian Grand Prix. Four-time champion German Sebastian Vettel was third-fastest for Ferrari ahead of his team-mate, the Finn Kimi Raikkonen, the leading teams proving again that they have established themselves at the front of the field. For Rosberg, it was confirmation that he can maintain his current supremacy over Hamilton after winning six races in succession, including three last season - a run that has lifted him 36 points clear at the top of the title race.

Friday, April 29, 2016  10:29

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