Strikes on Syria may force the US and its allies into a war they will struggle to control August 29, 2013 DURING more than two years of conflict in Syria, Western countries have studiously avoided any direct participation in the fighting. Now, despite UK MPs’ vote against intervention last night, many nations (notably the US) remain on the verge of launching strikes against Syrian military targets following its regime’s apparent use of chemical weapons. But while [...]
10 things every football fan needs to know about… BRAZIL October 20, 2013 Now we know the England team are going to be there in 2014, Emily Dicicco presents her top travel tips 1. Tickets – how and when shall I book?Tickets are available on FIFA.com and will be sold in three phases. The first two phases consist of both a random draw period and a first-come-first-served (FCFS) [...]
US academic: sanctions against Iran prompting hyperinflation October 4, 2012 IRAN is suffering from hyperinflation with prices soaring at a monthly rate of around 69.6 per cent, a senior US economist calculated yesterday. The rial, Iran’s currency, has plummeted since America and the European Union began economic sanctions against the Middle Eastern state due to an ongoing dispute over its nuclear programme. “When a currency [...]
RBS in Iran sanctions inquiry August 22, 2012 US authorities are investigating RBS and Commerzbank over possible breaches of sanctions in Iran, in a widening crackdown which has already cost Standard Chartered a hefty fine. RBS’ half-year results said the bank could face a “material impact” from the investigation.
Stan Chart pays £217m to settle Iran claims August 14, 2012 STANDARD Chartered was last night forced to take a $340m (£217m) hit to settle US regulators’ charges that it broke sanctions against Iran and attempted to hide the evidence. The emerging markets banking group will also have to bring in a monitor to evaluate money-laundering risk controls in its New York branch, reporting back to [...]
StanChart boss in US to clear up Iran accusations August 13, 2012 STANDARD Chartered’s chief executive Peter Sands last night flew to New York to bolster his team, which is working to quickly settle accusations that the bank broke US financial sanctions against Iran. The bank says it has identified $14m (£8.9m) of trades in breach of the rules, while the authorities claim the figure is in [...]
StanChart boss in US to clear up Iran accusations August 13, 2012 STANDARD Chartered’s chief executive Peter Sands last night flew to New York to bolster his team, which is working to quickly settle accusations that the bank broke US financial sanctions against Iran. The bank says it has identified $14m (£8.9m) of trades in breach of the rules, while the authorities claim the figure is in [...]
Stan Chart shares plummet following Iran probe August 6, 2012 Standard Chartered lost 16 per cent of its share price on the FTSE 100 early this morning, following allegations of covering up financial transactions with the Iranian government. US regulators have accused the bank of scheming with the government to hide $250bn (£160bn) worth of transactions and reaping hundreds of millions of dollars in fees [...]
Proof, at last: The more money we earn, the happier we are May 2, 2013 ECONOMICS is at its best when it tears into the received wisdom. Take the almost universal view that money doesn’t buy happiness, and that millionaires are just as likely to be miserable as the rest of us. Guess what – it’s nonsense. On average, money is actually very good at buying happiness, as the experts [...]
Does the crisis in North Africa represent the start of a new wave of geopolitical instability? January 20, 2013 YES Riccardo Fabiani The struggle for control of Mali, which spurred the French to intervene, as well as the hostage crisis in Algeria underscores the growing instability in North Africa. In the past few years, the security environment in these areas has steadily deteriorated, as criminal networks, terrorist groups, and insurgencies exploited power vacuums. Porous [...]