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Frank founder Charlie Javice sentenced for JPMorgan fraud
Posted onCharlie Javice, the entrepreneur convicted this year for defrauding JPMorgan Chase when the bank bought her student loan start-up, was sentenced on Monday to more than seven years in prison. In March, a jury found Ms Javice guilty of bank, wire and securities fraud, as well as conspiracy to commit fraud, for giving JPMorgan fake…
Gold price rises after US captures Venezuelas Maduro
Posted onPrecious metal prices have risen after the US capture of Venezuelan President Nicolás Maduro increased investors’ concerns about geopolitical risks. In Monday morning trade in Asia, gold was about 1.8% higher at around $4,408 (£3,282) an ounce, while silver was up close to 3.5%, as money was moved into so-called “safe-haven” assets. Meanwhile, crude oil…
Minister defends pragmatic U-turn on workers rights
Posted onPaul SeddonPolitical reporter PA Media The education secretary has defended Labour’s U-turn over offering all workers the right to claim unfair dismissal from their first day in a job. Instead, ministers now plan to reduce the qualifying period from the current two years to six months, in line with a deal agreed by some unions…
Affordability is the biggest thing – Conservatives mixed on economy under Trump
Posted onConservatives attending the annual Conservative Political Action Conference (CPAC) in Dallas, Texas expressed mixed feelings on the current state of the economy. Some said they were confident in President Donald Trump’s plans, saying that even if prices were high, its current state was still preferable to the Biden administration’s policies. Others were hoping for an…
Defence giant BAE hails record sales as workers remain on strike
Posted onSpeaking after the company’s record results, Woodburn, who has run BAE since 2017, said: “In a new era of defence spending, driven by escalating security challenges, we’re well-positioned to provide both the advanced conventional systems and disruptive technologies needed to protect the nations we serve now and into the future.”
Rachel Reeves warns of harder choices to come as she hints at tax rises
Posted onBecky MortonPolitical reporter Reeves: I will take no risk on public finances Rachel Reeves has said the government is facing difficult choices, as she promised she would not take risks with the public finances. In her speech at Labour’s annual party conference in Liverpool, the chancellor pledged to keep “taxes, inflation and interest rates as…
