The US-led military operation against the Islamic State (IS, formerly ISIS) militants has likely so far cost between $780 and $930 million, according to an estimate by Washington-based think tank specializing in defense issues.
British Chancellor George Osborne has announced a huge new package of cuts totaling £25 billion, including one of the biggest squeezes on benefits in recent times, which will come into force if the Tories win next year’s election.
The European Commission in Brussels is preparing to accuse the world’s biggest company of getting special treatment from the Irish government in exchange for creating jobs. It could result in a record fine of several billion euro.
A whistleblower of HSBC fraud has denounced the bank’s chairman, Douglas Flint, as “an extraordinary hypocrite” following the financier’s suggestion that those who expose crime in Britain’s financial services sector should be rewarded and celebrated.
Maurice Greenberg, former head of the American International Group (AIG), recruited prominent Wall Street players to contribute several million dollars to a lawsuit that alleges the US government bailout of AIG in 2008 was unfair to company shareholders.
London has eclipsed Hong Kong as the most expensive city in the world for executives to live and work in, a new study claims. The British capital is now thought to be almost twice as expensive as Sydney, and four times pricier than Rio de Janeiro.
A group of UK manufacturing companies have called upon the British political establishment to commit to ensuring Britain remains a member of the EU. A failure to do so could hinder UK investment and wealth creation, pro EU advocates claim.
Card and online banking fraud are on the increase throughout the United Kingdom despite recent measures to bolster encryption methods, according to new figures from the Financial Fraud Action group (FFA UK).