David Cameron is starting a tour of European capitals as a bill paving the way for the UK's EU referendum is launched in the House of Commons. The British PM will attempt to persuade the Dutch, French, Polish and German premiers to back his changes to the UK's EU membership.
Prime Minister David Cameron's government formally announced a referendum on whether Britain should leave the EU in a policy speech read by Queen Elizabeth II on Westminster's grandest day on Wednesday.
The trader at the centre of the Libor rate-rigging trial tried to influence other banks to manipulate the key benchmark rate to suit his own trading positions, a jury at Southwark Crown Court has heard. Tom Hayes allegedly told one trader that he had managed to keep the three-month Libor rate artificially high.
European football's leaders are to meet on Thursday in a bid to postpone FIFA's presidential election. UEFA said Friday's vote should not go ahead after bribery and racketeering charges were laid against senior officials in football's governing body. “These events show, once again, that corruption is deeply rooted in FIFA's culture,” UEFA said.
Key sponsors of FIFA have expressed serious concern after the US accused senior officials of football's governing body of racketeering, fraud and money laundering. Coca-Cola said the World Cup had been tarnished by lengthy controversy.
Argentina's foreign ministry confirmed late Wednesday that United States had officially requested the extradition of three Argentine citizens allegedly involved in the US Justice Department investigation into FIFA corrupt dealings.
FIFA chief Joseph Blatter in a brief statement said on Wednesday afternoon that we welcome the actions and the investigations by the US and Swiss authorities and further on emphasized that such misconduct has no place in football and we will ensure that those who engage in it are put out of the game•
FIFA has ruled out a re-vote on awarding the 2018 and 2022 World Cups to Russia and Qatar as Swiss authorities prepare to question ten executive committee members about the corruption-tainted bidding process.
The United States Department of Justice brought charges on racketeering, wire fraud, and money laundering on 14 FIFA and sports marketing officials. Dubbed the “World Cup of corruption” by Richard Weber, chief of the Internal Revenue Service Criminal Investigation unit, the charges are the result of an investigation from the U.S. District Attorney’s office in Eastern New York.