The former Formula One boss Bernie Ecclestone has pleaded not guilty to a charge of fraud brought after an investigation by HM Revenue and Customs. Ecclestone is accused of fraud by false representation after allegedly failing to declare the existence of a trust in Singapore worth $650m (£549m). He attended a first hearing at Westminster […]
P&O Ferries will not face criminal action over the way it fired nearly 800 employees earlier this year, the Insolvency Service has said. The firm sacked staff without notice in March, replacing them with foreign agency workers who were paid less than the UK minimum wage. The government agency said that, following a “full and […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Upasana Singh Article content China’s yuan touched its weakest in nearly two years on Monday, dragging down most emerging market currencies, after the country’s central bank cut key lending benchmarks, while investors also eyed Indonesia’s central bank meeting this week. The yuan depreciated 0.2%, its […]
Article content DUBAI — Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF. The series ‘B’ funding would support the Saudi-based startup to expand into new markets, and […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Stefano Rebaudo Article content Euro zone government bond yields edged lower on Monday, just off their multi-week highs, as inflation fears kept investors focused on expectations for more monetary tightening. The European Central Bank (ECB) must keep raising interest rates even if a recession in […]
Article content MOSCOW — The Russian rouble pulled back from last week’s near four-week high against the dollar on Monday but held near its strongest levels this month, with a tax payment period that usually sees exporters convert forex revenues into roubles looming. At 0735 GMT, the rouble was 1.4% weaker against the dollar at […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Yadarisa Shabong Publishing date: Aug 22, 2022 • 11 minutes ago • 2 minute read • Join the conversation Article content Cineworld, the world’s second-largest cinema operator, is staring at a possible bankruptcy filing as it struggles to cut debts that soared during the pandemic, it […]