Stories for January 2019

Thursday, January 24th 2019 - 08:50 UTC
Barclays' senior ex bankers on trail charged with conspiracy to commit fraud

Senior Barclays bankers paid Qatar £322m in secret fees during the financial crisis in return for bailout funds, a court heard on Wednesday. The case against four former executives has been filed by the UK's Serious Fraud Office over Barclays' £11.8bn rescue.
Thursday, January 24th 2019 - 07:26 UTC
Luxembourg reaping London's financial services triggered by Brexit

Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure from the European Union.
Thursday, January 24th 2019 - 06:48 UTC
British Airways going back to the future for its 100 years

British Airways going back to the future and painting four of its aircraft in colors schemes from its past as part of its 100-year birthday this year. First aircraft, a BOAC-liveried Boeing 747, reg: G-BYGC, will arrive back at Heathrow from the paint factory on February 18 to enter the airline’s flying schedule.
Thursday, January 24th 2019 - 06:04 UTC
Who is Juan Guaido?, proclaimed by the opposition as Venezuelan acting president

Juan Guaido has declared himself president of Venezuela — a move quickly endorsed by several Latin American countries, as well as Canada and the United States. Just two months ago, many people around the world, and even inside Venezuela, may not have known Guaido's name.
Thursday, January 24th 2019 - 06:00 UTC
May/Sturgeon meeting confirm the divide between the two leaders over Brexit

First Minister Nicola Sturgeon and Prime Minister Theresa May have met for talks in London after clashing over a second Scottish independence vote. The Downing Street summit was part of what Mrs. May called an “enhanced role” for the Scottish government in Brexit.
Wednesday, January 23rd 2019 - 18:03 UTC
Trump would recognize Guaidó as president of Venezuela; Protests increase

US President Donald Trump would be ready to recognize the opposition leader and president of the National Assembly (AN) of Venezuela, Juan Guaidó, as the legitimate president of Venezuela after his probable inauguration on Wednesday, according to CNN sources.
Wednesday, January 23rd 2019 - 09:14 UTC
Argentine central bank intervenes to support the US dollar: buys US$ 50m

Argentina’s central bank said it bought US$ 50 million at an average price of 37.597 Pesos per dollar in the foreign exchange market on Tuesday, part of its effort to maintain the currency in a trading band agreed with the International Monetary Fund.
Wednesday, January 23rd 2019 - 09:09 UTC
Davos will listen to China, Europe and Japan leaders this Wednesday

China and Europe take centre stage at Davos on Wednesday, a day after Brazil's hard-right President Jair Bolsonaro promised reform and respect for the environment to the world's business elite.
Wednesday, January 23rd 2019 - 09:07 UTC
Superstar Cristiano Ronaldo agrees to pay ‎€19 million for tax fraud in Spain

Football superstar Cristiano Ronaldo has paid a fine of almost ‎€19 million for tax fraud in Spain on Tuesday but will avoid a 23-month prison sentence as part of the deal.
Wednesday, January 23rd 2019 - 09:05 UTC
China's hounded Huawei warns it could shift to countries “where it is welcomed”

The chairman of Chinese tech giant Huawei has warned that his company could shift away from Western countries if it continues to face restrictions. Huawei has been under scrutiny by Western governments, which fear its products could be used for spying.