Ocado to axe 1,000 jobs in cost-cutting drive

Lauren Turner and Osmond Chia Reuters The US government has seized more than $14bn (£10.5bn) in bitcoin and charged the founder of a Cambodian business empire, Prince Group, with allegedly masterminding a massive cryptocurrency scam. UK and Cambodian national Chen Zhi was charged on Tuesday in New York for allegedly engaging in a wire-fraud conspiracy…

Cambodian Ministry of Information Kuong Li, 50, was charged with illegal recruitment for exploitation, aggravated fraud, organised crime and money laundering Cambodian authorities have arrested a prominent businessman featured in a 2023 BBC Eye investigation into alleged online scam operations as part of a wider effort to tackle organised online fraud. Kuong Li, a 50-year-old…

AFP via Getty Images Boeing will avoid a criminal charge in the US linked to two deadly 737 Max crashes, after a court granted a request from the US government to dismiss the criminal case. In his ruling, Judge Reed O’Connor said he “disagreed” that dropping the charge was in the public interest but said…

Theo LeggettBusiness Correspondent Jas Bains Jas Bains alerted Danish authorities to a £1bn tax scam and they hit him with a lawsuit “We’d be met at airports in 20-foot limousines, and taken to places like the Atlantis hotel in Dubai or the Singapore Grand Prix. There’d be a hundred grand spent in the bar.” In…

Abhishek Dey and Arunoday Mukharji in India and Jessica Parker in Brussels EPA/Shutterstock (From left) European Council President António Costa, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in Delhi on Tuesday The European Union and India have announced a landmark trade deal after nearly two decades of on-off talks,…