MUMBAI — Reliance Communications, which late last year exited the consumer telecom business as part of a group restructure, is investing $600 million to lay a 68,000km undersea cable spreading up to Italy and Hong Kong, with its partner China’s Alibaba Group Holding and five others funding half of the project. The company was rescued from the…
DetailsThe good news is small businesses are currently being charged the lowest interest rates they have paid since the Reserve Bank of Australia started collecting this data back in 1993. According to the Australian Bankers’ Association’s latest figures, small businesses are paying $9 billion less in interest now compared to 2011. Low interest rates are…
DetailsGill Plimmer, Miles Johnston and Jim Pickard January 16, 2018 Carillion was left with just £29m in cash when it collapsed, according to a document that reveals the extent of the construction companys financial black hole. Papers seen by the Financial Times show the insolvent construction company owed £1.29bn to its banks, including a £790m…
Details(Adds details, background) KIEV, Jan 16 (Reuters) – Ukraines central bank said on Tuesday an investigation into PrivatBank, the countrys largest lender which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over at least a decade. Representatives of PrivatBanks former main shareholders did not immediately provide…
DetailsTWO of the UK’s leading debt charities have warned those seeking help not be fooled by websites that appear at the top of Google search. StepChange and the Money Advice Trust said the number of sites pretending to be official organisations and using paid-for Google Ads was sparking fears that those struggling with debt are…
Details(Adds details, background) KIEV, Jan 16 (Reuters) – Ukraine’s central bank said on Tuesday an investigation into PrivatBank, the country’s largest lender which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over at least a decade. Representatives of PrivatBank’s former main shareholders did not immediately provide…
DetailsImage copyright Getty Images Image caption David Allen Turpin, 57, and Louise Anna Turpin, 49, have been held on charges of torture and child endangerment Outwardly, the California couple accused of torturing and endangering their 13 children seemed to preside over a happy American family. If the photographs the couple posted on Facebook are anything…
Details— Group brings together a global network of proven EY professionals with deep experience and political insights — EY and Teneo Intelligence collaborate as part of the geostrategic offering LONDON, Jan. 16, 2018 /PRNewswire/ — EY announces the launch of the EY Geostrategic Business Group aimed at actively working with organizations and institutions globally to understand…
DetailsTHE Turpins of Perris, California were on the surface a large and devoutly Christian family who may have looked eerily similar, but seemed otherwise normal. Their resemblance to one another might have appeared creepy, but their lives in a nondescript Californian suburb south of San Bernardino did not attract much attention. That is, until they…
DetailsFraud in Britain has risen by more than 500% over the last 15 years, while the latest data available has revealed a 6% increase in major scams over the course of 2017. Financial services saw the largest sectoral glut of fraudulent activity, meanwhile, boasting a bill of just under £900 million. In 2016, the total…
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