Stuart Scott (45), HSBC’s former top currency trader can be extradited to face fraud charges in New York, a UK court has ruled only days after his ex-colleague was convicted on forex-ridding charges in the US. The Westminster magistrates court did not deliberate on whether Mr. Stuart of Radlett in Hertfordshire, is guilty or not…
Qatar Airways has been named “ Best Airline” at the 2017 Business Traveller Awards ceremony at London’s Royal Garden Hotel in Kensington hosted by publishers of Business Traveller magazine Panacea Media and presented by special guest John Sergeant. Qatar Airways also won a raft of other major awards at the ceremony including “Best Airline in…
The leak exposes some of the Britain’s wealthiest people, who are instructing lawyers and public relation companies in an effort to safeguard their reputations. The disclosure threatens to call into question the status of several British Overseas Territories which offer tax benefits to the wealthy elite. If this alleged illicit activities or conduct are…
Pictures by R Nair Chile has been named in Lonely Planet’s latest edition Best in Travel 2018 book as the number one country to visit in 2018, closely followed by South Korea, and Portugal. This is boost for Chile, whose Foreign Direct Investment fell to its lowest level in 2016 since 2009 according to…
Mark Johnson, a former HSBC bank’s head of global cash foreign exchange trading, has been found guilty of defrauding a client on nine counts, in a $3.5bn currency deal, and face up to 20 years in prison, according to a spokesman for US prosecutors. But the British citizen was found not guilty on one other…
Taizo Nishimuro, a titan of Japan’s business establishment who ran three most important companies including Toshiba, exemplified both the good and bad, died last week at the age of 81. He streamlined Toshiba’s semiconductor business which struggled as the home appliance market slumped. He also chaired an advisory panel to Prime Minister Shinzo Abe that…
Airbus, European Aerospace firm, is to take a majority stake in Bombardier’s C-Series jet project by buying a 50.01 per cent stake. As part of the deal, Bombardier and Investissement Quebec will own approximately 31 per cent and 10 per cent respectively. Airbus will not make any upfront investment in Bombardier’s jet as part of…
Samsung Electronics was crowned the most profitable tech group this summer, marking its decade-long metamorphosis from a purveyor of cheap consumer goods to a household name. The group announced record-breaking profits for the third quarter of Won 14.5tn ( £9.6billion) – a near trebling from the same period a year earlier. The Group – the jewel in…
Set in Cote d’Azur with 35 acres , the 187-year-old, 14-bedroom mansion on Cote d’Azur, along the coast of Saint-Jean-Cap-Ferrat, which once belonged Belgian royalty King Leopold II, was put up for sale for £315 million. The Extravagant home with luxurious interiors, features a ball room, an Olympic sixe swimming pool and stables for…
Joe Bertram, head of Uber’s northern European markets said she will move on after four years at the company having joined as general manager for the London office. Dara Khosrowshahi, Uber’s new chief executive, was due to meet Mike Brown, head of Transport for London, for a conciliatory meeting after the regulator ruled Uber…