Chinese officers charged with hacking US industry May 19, 2014 US AUTHORITIES announced charges against Chinese military officers for cyber-espionage yesterday, the first hacking case that has ever been laid against individuals working for the country’s government. The men are accused of industrial espionage for the purpose of gaining a commercial advantage. Yesterday, assistant US attorney general John Carlin said: “We allege that members of [...]
Gulf Keystone surges 17pc on legal outcome September 10, 2013 AIM-LISTED oil explorer Gulf Keystone Petroleum’s share price soared almost 25 per cent yesterday, after a three-year court battle over assets in Kurdistan was ended in its favour. The English Commercial Court in London dismissed all claims by Excalibur Ventures, which argued that it was owed a 30 per cent interest in GKP’s assets in [...]
Barclays settles Libor court case April 7, 2014 BARCLAYS yesterday dodged a potentially embarrassing court case that could have become a landmark in the Libor-fixing scandal, as it settled out of court with a firm that had accused the bank of mis-selling and fraud. In a deal worth around £25m, Barclays has restructured the debts of Guardian Care Homes (GCH), allowing the firm [...]
Bank of England appoints Lord Grabiner QC to lead forex probe March 12, 2014 The UK's central bank has appointed Lord Grabiner QC, the man who oversaw News Corp's internal hacking investigation, to lead an investigation into "conduct issues in the foreign exchange market." Grabiner is a commercial lawyer, with over 40 years of experience working on commercial litigation cases in London. The investigation, which is supported by Travers [...]
Joining the dots from east to west May 22, 2014 High speed rail network Crossrail will arrive in 2018. Here are the new homes cropping up along the route ACTON MAIN LINE NAPIER SQUARE from £975,000 A luxury development of 23 new three, four and five-bedroom town houses in a gated community. 020 8811 2336 / napiermews.co.uk FARRINGDON GAZZANO from £920,000 This new development seven [...]
Joining the dots from east to west May 22, 2014 High speed rail network Crossrail will arrive in 2018. Here are the new homes cropping up along the route ACTON MAIN LINE NAPIER SQUARE from £975,000 A luxury development of 23 new three, four and five-bedroom town houses in a gated community. 020 8811 2336 / napiermews.co.uk FARRINGDON GAZZANO from £920,000 This new development seven [...]
The stranglehold that’s closing in on Airbnb April 30, 2014 Airbnb is a company thriving on the sharing economy. The online platform enables people to rent out space in or their entire home to someone else for a short-term stay. Gluing traditional house swap sentiment with a growing appetite for sharing and localism, it gives people the opportunity to make money when it’s tight, and [...]
Lord Grabiner is called in to lead Bank forex probe March 12, 2014 LORD Grabiner was hired yesterday to head the investigation into the foreign exchange scandal at the Bank of England. The heavyweight’s appointment is intended to indicate how seriously the Bank takes allegations that its staff knew about manipulation or even encouraged such behaviour. Grabiner will lead the probe, supported by law firm Travers Smith LLP which [...]
Shaftesbury extends property holdings with Jaeger House acquisition March 24, 2014 Property firm Shaftesbury has acquired Jaeger House, 57 Broadwick street, for £30.7m. The building is on the eastern boundary of Shaftesbury's ownership of 4.1 acres in Carnaby. The company said Broadwick street is increasingly important east-west pedestrian route through Soho, connecting Carnaby and Berwick streets. Shaftesbury's holdings in Carnaby and Soho have a combines value [...]
Maria Miller just came up with the most convincing case for Scottish independence yet February 26, 2014 Culture secretary Maria Miller must really want a yes vote. Speaking today at the Oxford Media Convention the cabinet minister said that if Scotland does vote for independence this September, it will be a vote to leave the institutions of the UK. That, Miller says, would include leaving the BBC. We're sold. A Scottish independence [...]