Britain’s biggest bank HSBC allowed fraudsters to transfer millions of dollars around the world despite learning their scam, leaked secret files reveal. HSBC moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014. Its role in the $80m ( £62m) fraud is detailed in a leak…
The UK economy suffered its worst and biggest slump on record between April and June due to coronavirus lockdown measures, shrinking as much as 20.4 per cent compared with the first three months of the year. The UK is officially into recession. Household spending plunged as shops were ordered to close, while factory and construction…
Twitter has revealed that hackers viewed 36 accounts and its private direct messages and one of the accounts affected was according to local Dutch report is far-right politician Geert Wilders. His profile image was replaced with that of a cartoon of a black man, and his account’s background image was changed to that of a…
The UK government borrowed £127.9bn between April and June for tackling the coronavirus pandemic, taking the total government debt to £1.98 trillion. The difference between spending and tax income was more than double the £55.4bn borrowed in the whole of the previous year. The borrowing in June was lower in May at £35.5bn, as…
Twitter was hit with a massive hack on Wednesday as several high-profile accounts tweeted about the same Bitcoin wallet, urging followers to send cryptocurrency with the promise of returning double the amount. This, of course, was an orchestrated scam. The company says it’s still investigating the incident, but has shared what it knows so far.…
The Avery’s most lasting legacy was the inadvertent triggering of a new model for the global economy. Henry Every was the seventeenth century’s most notorious pirate as the British government offered enormous bounties for his capture alive or preferably dead. Every’s most lasting legacy was the inadvertent triggering of a major shift in the…
Trade conflicts caused by governments promoting the interest of the elite at the expense of workers. Across the world, the rich have prospered while workers can no longer afford to buy what they produce have lost their jobs, or have been forced into higher levels of debt. The class wars of rising inequality are a…
Navinder Singh Sarao, a mathematical prodigy turned trader , a Cheeky school boy tuned to supposedly master criminal, contrived to have himself hunted down by the FBI for crashing the US Stock market, from a computer in his bedroom in his parental home under a flight path in drab London suburbia in working-class neighbourhood of…
Chancellor Rishi Sunak in his bold budget speech suspended business rates for shops and cafes, Beer, wine and cider duties were frozen as pubs get help, UK interest rates cut in an emergency move, and promises his measures to help the economy tackle the coronavirus outbreak which is expected to bring a “significant” short-term…
The Royal Mint today launched a James Bond commemorative coin and gold bar collection ahead of the release of the 25th 007 James Bond film, No Time To Die. The Royal Mint has produced a 7 kg (15lbs) gold coin designed by Laura Clancy, which is a one-of-a-kind piece featuring an engraving of an Aston…