Showing 1 - 10 of 164
UK court says oligarch looted $1.9bn from Ukrainian bank
AFP, Published on 30/07/2025
» LONDON - The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they “unlawfully” appropriated from a Ukrainian bank they owned, London’s High Court ruled Wednesday.
Oasis fans lose ‘over £2 million’ in UK ticket scams
AFP, Published on 24/04/2025
» LONDON - Oasis fans wishing to see the reunited British band live in concert have collectively lost more than £2 million ($2.7 million) from UK ticket scams, mostly on Facebook, Lloyds bank said on Thursday.
The UK car loan scandal that could cost banks billions
AFP, Published on 28/03/2025
» LONDON — Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April.
German economy shrinks again amid political crisis
AFP, Published on 15/01/2025
» FRANKFURT - Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.
France's Macron announces fourth government of the year
AFP, Published on 24/12/2024
» PARIS - French President Emmanuel Macron named a new government Monday evening, putting together a team under Francois Bayrou, his fourth prime minister of the year, to drag the second-largest EU economy out of political crisis.
Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes
AFP, Published on 20/12/2024
» MADRID - A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday.
Russian central bank holds off rate hike
AFP, Published on 20/12/2024
» MOSCOW - Russia's central bank kept interest rates at 21% on Friday despite surging inflation, a surprise decision that follows criticism from the country's political and business elite over the effects of higher borrowing costs on the economy.
EU court rejects appeal over Amazon tax ruling
AFP, Published on 14/12/2023
» BRUSSELS - A top European Union court rejected Thursday Brussels' appeal against a ruling blocking its bid to force Luxembourg to recover 25 million euros ($272-million) in back taxes from Amazon.
Once the bane of big tech, Vestager's star wanes
AFP, Published on 08/12/2023
» BRUSSELS - Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender.
Erdogan weighs in on bank scam involving Turkish stars
AFP, Published on 02/12/2023
» ISTANBUL - President Recep Tayyip on Saturday urged Turks to steer clear of pyramid schemes as a scandal raged at a top bank that allegedly defrauded celebrities and football stars of millions of dollars.